West of Africa : Piracy threatens West Africa oil expansion
on 2012/2/28 17:02:21
West of Africa

20120228
AFP
Piracy is a growing threat to West Africa's plans to double oil production over the next decade and is already having a devastating impact on ports, the UN Security Council was warned Monday.


A growing number of attacks are being recorded in the Gulf of Guinea and entries into some ports have been cut by more than two-thirds as insurance premiums skyrocket, ministers and officials told a council debate on piracy.

Industry groups and governments had been planning to increase oil production in West African countries from the current four million barrels a day to eight million over the next decade.

With West African states increasingly dependent on the oil revenues, "the consequence of unchecked piracy on both their economies and the world economy cannot be underestimated," Abdel-Fatau Musah, director of political affairs for the Economic Community of West African States commission told the council.

There were 21 attacks on ships off the Benin coast last year and from January to October 2011 there were also 14 attacks off Nigeria, seven off Togo, two off Ghana and one off Ivory Coast, said Issifou N'Douro, Benin's defense minister.

Two weeks ago, gunmen shot dead the captain and chief engineer of a cargo ship off the Nigerian coast.

"The threats weighing on the Gulf of Guinea are colossal. These are threats to international peace and security and must be treated as such by the international community," N'Douro warned.

N'Douro gave a grim picture of the impact on the port of Cotonou which carries 90 percent of Benin's trade as well as acting as a vital conduit for neighboring Niger, Burkina Faso, Mali and Chad.

Revenues from Cotonou port provide 80 percent of Benin's government budget, the minister said. But the number of ships using Cotonou has fallen by 70 percent since the attacks started.

"With the doubling of insurance premiums, several ships have decided not to use the port of Cotonou's services and the revenues from these activities are critical to the state," N'Douro said.

Many governments see the piracy adding to their security troubles on top of growing narcotics trafficking, political unrest, attacks by Al-Qaeda followers and a mounting food crisis across the Sahel region.

Benin and Nigeria already stage joint maritime patrols in the Gulf of Guinea but ECOWAS and government envoys called for more international help. Western nations said they are ready to do more if it is to back a regional initiative against pirates.

"There can be no doubt that the situation has become more grave," said US ambassador Susan Rice. With some estimates of pirating attacks costing $2 billion a year, she called the impact on hard-pressed regional economies "staggering".

The Security Council is negotiating a resolution on piracy off West Africa which has been proposed by Togo, president of the 15-nation council in February.

Previous article - Next article Printer Friendly Page Send this Story to a Friend Create a PDF from the article


Other articles
2023/7/22 15:36:35 - Uncertainty looms as negotiations on the US-Kenya trade agreement proceeds without a timetable
2023/7/22 13:48:23 - 40 More Countries Want to Join BRICS, Says South Africa
2023/7/18 13:25:04 - South Africa’s Putin problem just got a lot more messy
2023/7/18 13:17:58 - Too Much Noise Over Russia’s Influence In Africa – OpEd
2023/7/18 11:15:08 - Lagos now most expensive state in Nigeria
2023/7/18 10:43:40 - Nigeria Customs Intercepts Arms, Ammunition From US
2023/7/17 16:07:56 - Minister Eli Cohen: Nairobi visit has regional and strategic importance
2023/7/17 16:01:56 - Ruto Outlines Roadmap for Africa to Rival First World Countries
2023/7/17 15:47:30 - African heads of state arrive in Kenya for key meeting
2023/7/12 15:51:54 - Kenya, Iran sign five MoUs as Ruto rolls out red carpet for Raisi
2023/7/12 15:46:35 - Ambassador-at-Large for Global Women’s Issues Gupta Travels to Kenya and Rwanda
2023/7/2 14:57:52 - We Will Protect Water Catchments
2023/7/2 14:53:49 - Kenya records slight improvement in global peace ranking
2023/7/2 13:33:37 - South Sudan, South Africa forge joint efforts for peace in Sudan
2023/7/2 12:08:02 - Tinubu Ready To Assume Leadership Role In Africa
2023/7/2 10:50:34 - CDP ranks Nigeria, others low in zero-emission race
2023/6/19 15:30:00 - South Africa's Ramaphosa tells Putin Ukraine war must end
2023/6/17 15:30:20 - World Bank approves Sh45bn for Kenya Urban Programme
2023/6/17 15:25:47 - Sudan's military govt rejects Kenyan President Ruto as chief peace negotiatorThe Sudanese military government of Abdel Fattah al-Burhan has rejected Kenyan President William Ruto's leadership of the "Troika on Sudan."
2023/6/17 15:21:15 - Kenya Sells Record 2.2m Tonnes of Carbon Credits to Saudi Firms

The comments are owned by the author. We aren't responsible for their content.