Trouble in Nigeria, great cause of oil hike
Posted on September 29th, 2004 in General by tavaresforby ||
Militia in Nigeria is threatening foreign oil companies to cease oil production. Nigeria is he seventh largest oil exporter, but 70 percent of the population live in poverity.
The militia said foreign oil companies must cease production or face “all-out war” in the Niger Delta from 1 October.
Nigeria is the world’s seventh largest exporter of oil, but 70% of the population live in poverty.
Human rights group Amnesty International has said that the army already had orders to use “maximum force” in the area, leading to the deaths of up to 500 people in the past six weeks.
Fears of the Nigeria unrest spreading were one reason why oil prices have reached a record high of more than $50 a barrel, traders say.
On Thursday Shell pulled out more than 200 of its non-essential staff from two gas and oil fields because of heightened tensions.
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