News24 - Lagos -The waters off West Africa's coast, the Gulf of Guinea, are a growing source of oil and have recently seen a spike in piracy for theft of its riches, a development seen to be fuelled partly by rising crude prices.
Attacks on vessels have grown in number and scope, spreading across a broader region in what is becoming a new piracy hotspot. Vessels carrying petroleum products have been the most targeted.
As oil prices hit nine-month highs this week, the leader of the small West Africa country of Togo called on the UN Security Council to create an international group to combat piracy.
The group could be styled along the lines of one battling pirates off Somalia on the eastern side of the continent.
Governments and investors in the region are concerned...Read More
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