Nigerian militants said yesterday they opposed a bid by a Chinese energy group to secure 6bn barrels of crude reserves, comparing the potential new investors to “locusts”.
The Movement for the Emancipation of the Niger Delta told the Financial Times that the record of Chinese companies in other African counties suggested “an entry into the oil industry in Nigeria will be a disaster for the oil-bearing communities”.
“Our take on the Chinese is that we see them as locusts who will ravage any farmland in minutes,” said a Mend spokesman, although he added that “existing [oil companies operating there] are no better except that they adhere to standards under the right conditions”.
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