NIGERIA
Unions call oil strike for Nov. 16
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Olusegun Obasanjo
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Unions declared the top oil multinational in the country, Royal Dutch/Shell, "an enemy of the Nigerian people" and called a Nov. 16 nationwide strike that they said would target oil exports in Africa's oil giant.
The threats Oct. 31 in the world's No. 7 oil exporter -- the fifth-largest supplier of oil to the United States -- appeared likely to send new shocks through the global oil price market.
Unions called the Nov. 16 strike after giving President Olusegun Obasanjo until Oct. 31 to reverse September's 23 percent increase in fuel prices in Nigeria.
An October general strike over the fuel price increases paralyzed business overall but left petroleum exports unaffected.
The strike helped push oil prices past the $50 a barrel mark globally.
The Japan Times Weekly: Nov. 6, 2004 (C) All rights reserved
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