Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Think4Yourself who wrote (61636)	3/7/2000 11:01:00 AM
From: Think4Yourself	Read Replies (2) of 95453

Shell Halts Nigerian Oil Exports Because of Government Strike By Dudley White Shell Halts Nigerian Oil Exports Because of Government Strike London, March 7 (Bloomberg) -- Royal Dutch/Shell Group, which has the biggest investment in Nigeria of any foreign oil company, said crude exports from the country were suspended for a second day because of a strike by government workers. Shell halted shipments from both the Forcados and Bonny oil terminals because of the strike at the Department of Petroleum Resources, where workers are protesting the proposed relocation of their unit to the environment ministry, a Shell spokeswoman said. While exports have stopped, the company's Nigerian oilfields are pumping oil as usual, Shell said. ``Production is still the same, it's just the loading' that is affected, said Kate Hill, a company spokeswoman in London. She declined to say how long the stoppage will remain in place. Shell produces about 750,000 barrels of crude oil a day from Nigeria's Niger delta region where operations have been dogged by civil unrest. The Anglo-Dutch company lost an average of 34,000 barrels of oil output a day last year because of the disturbances.

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