Nigeria: Strike - Oil Prices Rise to $69

22 June 2007

Lagos — The fuel crisis which erupted nation-wide following the strike action embarked by labour organisations worsened yesterday as activities at both the Nigerian National Petroleum Corporation (NNPC) and the Independent Petroleum Marketers Association (IPMAN) depots remained grounded.

It was also learnt that production and loading of crude oil for export from the export terminals have been disrupted, following a directive by Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) to its members in the Department of Petroleum Resources (DPR), the agency responsible for oil exports, to shut down both production and loading facilities by midnight Wednesday. A union official confirmed in a telephone chat last night that their members in Mobil Producing Nigeria Unlimited, a unit of Exxon Mobil Corp., as well as Royal Dutch Shell PLC have complied with the directive.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.