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Page added on May 1, 2008

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Union ends strike that slashed Nigeria’s oil production

ABUJA, Nigeria – A workers’ strike that slashed Nigeria’s oil output ended Thursday and regular production will resume, the union behind the strike said.


The head of the workers’ bloc at an Exxon Mobil Corp. unit in Nigeria said members would return to their stations after negotiators reached a broad accord with management.


Oil production will be restored “immediately,” Olufola George-Olumoroti, head of the bloc inside Exxon Mobil’s Nigeria joint venture, said Thursday.


Exxon Mobil said in a statement that it was beginning to restart production.


Before the strike, Nigeria was producing about 2.1 million barrels of crude each day. The strike helped drive oil prices to all-time highs.


AP



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