Nigeria's oil hopes

David Knott London On Mar. 1, Nigeria declared Olusegun Obasanjo its new president elect, the country's first democratically chosen leader in 15 years. The return to democracy in Nigeria after years of sometimes brutal military rule has been welcomed by foreign petroleum companies with investments there. Whether the new political set-up will lead to an end to the civil unrest, kidnappings, and killings that have caused oil companies to shut in operations remains to be seen. Press reports from Nigeria since the election increasingly show widespread dissatisfaction with the election process, which suggests that there is no guarantee...

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