BarnacleBob
03-26-2003, 12:11 AM
http://www.accessatlanta.com/ajc/news/0303/25nigeria.html
Shell Development Petroleum Co. has shut down 370,000 barrels a day in crude output after evacuating facilities in the area, company spokeswoman Kate Hill said Monday.
In all, oil multinationals have cut an unprecedented 800,000 barrels in daily oil production, or 40 percent of the West African nation's normal total of 2 million barrels a day.
Nigeria is the world's sixth-largest exporter, and the fifth-biggest supplier of U.S. oil imports. Nigeria's shutdowns, accompanied by market fears of a prolonged war in Iraq, caused oil prices to rise Monday.
Shell Development Petroleum Co. has shut down 370,000 barrels a day in crude output after evacuating facilities in the area, company spokeswoman Kate Hill said Monday.
In all, oil multinationals have cut an unprecedented 800,000 barrels in daily oil production, or 40 percent of the West African nation's normal total of 2 million barrels a day.
Nigeria is the world's sixth-largest exporter, and the fifth-biggest supplier of U.S. oil imports. Nigeria's shutdowns, accompanied by market fears of a prolonged war in Iraq, caused oil prices to rise Monday.