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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: Roebear who wrote (65637)5/3/2000 6:13:00 AM
From: Think4Yourself  Read Replies (2) | Respond to of 95453
 
Norsk Hydro Halts Crude Oil Exports From Sture Terminal
By Dudley White

Oslo, May 3 (Bloomberg) -- Norsk Hydro ASA, Norway's largest
publicly traded company, said it stopped exporting crude oil from
its Sture terminal as tugboat pilots joined the country's biggest
strike since the 1980s.

The terminal normally handles about 430,000 barrels of oil a
day from four North Sea fields. Exports stopped at 6 a.m. local
time this morning when the strike began, a Norsk Hydro spokesman
said.
``There will be no more loading for the duration of the
strike,'' the spokesman said.

Oil from the fields is being put into storage at the
terminal, he said. Sture has capacity to store about one-and-a-
half weeks of oil output, he said.