Thursday, February 18, 2016

Oil is so cheap that no longer even the pirates want to steal – Jornal de Negócios – Portugal

“With oil prices at historically low levels, costing less than $ 30 per barrel, piracy is no longer a business so profitable as it was when prices were at $ 106 a few years ago,” said the executive secretary Gulf of Guinea Commission, Adenike Ukonga.

in an interview with Bloomberg, the official specified that “the price drop contributed immensely to reduce piracy and other maritime crimes in the Gulf of Guinea,” but added that the nations of the region must continue to work to improve security coordination.

the number of attacks on vessels carrying oil yet to refine fell more than 30% last year, according to a report released last month by British consultancy Dryad Maritime, which considered likely that the attacks returned to increase when the price went up again.

according to the news site Quartz, citing a report by the American NGO Oceans Beyond Piracy ‘, the downward trend in piracy this the coast of Africa had already begun to decline even before oil prices fall to levels that were following the attacks on the Twin Towers in New York in 2001.

in 2013, there were about a hundred attacks in the region, of which 56 were successful, and the following year the number fell to 67, of which 26 have achieved the aim of effectively stealing crude, but these are estimates below, since this NGO itself estimates that about 70% of attacks are not registered.

Although there is not yet final data Dryad Maritime estimated that in 2015 the number of attacks has not reached the five decades.

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