UNREST SLICES INTO OPERATIONS, REVENUE IN NIGERIA

Civil unrest is cutting into oil operations in Nigeria. Shell Petroleum Development Co. of Nigeria Ltd. last week said production by its joint venture with Elf Nigeria Ltd., Nigerian Agip Oil Co. Ltd., and state owned Nigerian National Petroleum Corp. (NNPC) is running about 158,000 b/d below normal after civil disturbances caused shut-ins of several Nigerian oil fields. Nigerians are protesting lack of progress in social programs.

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