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Vol 45 No 15

Published 21st July 2004


Delta damages

By helicopter and canoe, people flee the violence; oil companies count the cost

Death and destruction in the Niger Delta is driving ChevronTexaco and its insurers into a legal battle. After attacks on its oil wells and pipelines in April 2003, the company claims some US$750 million for damage that it says was caused by vandals. Most insurance policies cover criminal damage but exclude risks from acts of war or political unrest; the insurers argue that the violence was political in nature. The terms of ChevronTexaco's policies have not been revealed. Lawyers and insurance assessors are at work and the matter may end up in court.

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