Nigeria’s Oil Export To Drop As Oil Workers Threaten Nationwide Strike
Any news relating to drop in crude oil production and export is sad news for Nigeria.
This is because the government relies on it for more than half of its revenue.
But it appears it can never escape some thorny issues around crude production and export since some of them are beyond its control.
Reuters have released an export plan which shows that Nigeria's January oil exports are expected to slip back from a 21-month high hit in December.
Crude oil exports of 1.76 million barrels per day (bpd) are scheduled for January on 62 cargoes.
The total compared with exports set at 1.94 million bpd in December, the highest scheduled since March 2016.
Traders said some of the December cargoes could slip into January, but that the exports are likely to be slightly lower overall.
The programme also included three cargoes of Akpo condensate for a total of 97,000 bpd, the same level as December.
This comes as oil workers under the aegis of Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN threatened on Thursday to stage a nationwide strike from December 15 over a “mass sacking of workers”.
The union said in a statement that it disputed the treatment of its workers by domestic oil and gas companies and marginal field operators.
There had been “an apparent failure of relevant authorities of government to call to order these recalcitrant organisations,” it said.
If the government fails to force the management of those companies to recall union members who had been laid off, PENGASSAN workers would go on strike, the union said.
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