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Nigerian unions threaten oil production shutdown

01-13-2012 08:16 BJT

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A major union in Nigeria has threatened Thursday to stop the country's crude oil production as part of nationwide strikes and protests gripping the country. World oil prices has climbed on the news.

The union’s ability to enforce a shutdown remains in question. But the threat of a strike caused jitters on global oil markets as traders worldwide worried about supply.

Trade union leaders and activists speak to thousands of people protesting against the
government's scrapping of oil subsidy at Gani Fawehinmi Park in Lagos on Wednesday.

The union president said if the fields are shut down, it could take six months to a year to restart them. So far, Nigeria’s oil industry hasn’t felt the effects of the national strike. Most oil firms, including the dominant Royal Dutch Shell PLC, say they are monitoring the situation.

Nigeria has been paralyzed by a strike that began Monday after President Goodluck Jonathan’s government abandoned subsidies that kept gasoline prices low.

A Police officer walk with protesters on fourth day of the nationwide strike
following the removal of a fuel subsidy by the government in Lagos, Nigeria,
Thursday, Jan. 12, 2012.

Comrade Babatunde Ogun, centre, President Petroleum and Natural Gas Senior Staff
Association of Nigeria, sing solidarity songs during a press conference on the
removal of a fuel subsidy by the government in Lagos, Nigeria, Thursday, Jan. 12,
2012.

A police officer stands guard as people protest following the removal of a fuel
subsidy by the government, in Lagos, Nigeria, Thursday, Jan. 12, 2012.

Angry youths protest on the streets following the removal of a fuel subsidy by the
government, in Lagos, Nigeria, Thursday, Jan. 12, 2012.

 

 

Editor:Zhang Rui |Source: CNTV.CN

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