OGJ Newsletter

06/14/1999
U.S. INDUSTRY SCOREBOARD 6/14 [48,802 bytes] Ethnic violence around the Nigerian oil town of Warri is threatening to make a sizable dent in the country's production. Shell and Chevron have been forced to halt maintenance work in nearby fields, and shut-ins loom. The clash comes only days after Olusegun Obasanjo, Nigeria's first democratically elected leader in 15 years, was sworn in and the government initiated a review of previous suspect contract awards (OGJ, June 7, 1999, p. 33). Oil company workers have been evacuated or have holed up in guarded compounds, as fighting between rival tribes led to numerous deaths. Reports of the number of fatali...
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