Eni: All Hostages at Nigeria Oil Flow Station Released

Italian energy giant Eni SpA (E) said Monday that all remaining hostages at a Nigerian crude oil pumping station it operates were released late Sunday and said 50,000 barrels a day in output from the facility will resume shortly after being shut-in early this month after a raid by armed militants.

“Eni informs that the situation has been positively resolved,” an Eni spokeswoman said, reading from a company statement. The Tebidada flow station is operated through Eni’s subsidiary Agip.

“All personnel are in good health, and production will be restored shortly once the necessary checks have been completed,” the spokeswoman said.

The flow station, located in Bayelsa state, was occupied starting Nov. 6 by a group of militants and villagers seeking compensation from the company for oil spills, which occurred after blasts in a nearby Agip pipeline in March and July.

Dow Jones Newswires