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Nigeria, US sign security deal in oil rich region.

BBC Monitoring International Reports

| December 10, 2005 | COPYRIGHT 2001 BBC Monitoring. (Hide copyright information)Copyright

(From BBC Monitoring International Reports)

Text of report by Nigerian newspaper This Day website on 9 December

As part of efforts to address the security crises in the Niger Delta, Nigeria and the United States announced yesterday the establishment of a joint committee that would be charged with the task of coordinating a comprehensive action against insecurity in the oil-rich region.

The Nigerian National Petroleum Corporation (NNPC) also said yesterday that Nigeria is currently losing 200,000 barrels per day (bpd) to production deferment due to the lingering crises and sporadic clashes in the area. In monetary terms, this translates to a daily loss of 12m US dollar (N1.6 billion).

In the communique on the bilateral pact released in Abuja yesterday, Nigeria and the US agreed to establish four special committees to coordinate action against trafficking in small arms in the Niger Delta, bolster maritime and …

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