Oil Companies In Nigeria Say They Won&#39;t Give In To Threats
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Major oil companies operating in Nigeria&#39;s oil-rich southern region say they will not give in to threats of attacks on their facilities and employees by militias.
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Abuja - Nigerian President Olusegun Obasanjo on Friday warned that his government will not tolerate any &quot;undue militancy&quot; in the oil-rich Niger Delta or any action that would compromise the majority interest, in a speech to mark 44 years of independence
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An ethnic militia group in Nigeria&#39;s southeastern oil region vowed on Tuesday to attack oil workers there unless their companies shut down operations within three days.
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World oil prices held firm on Friday after pipeline sabotage in northern Iraq kept up supply fears that have revived a powerful price rally.
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High-flying oil prices could set new records this week if rebels disrupt the flow of crude from Nigeria, and are unlikely to fall far even if tensions there ease given global supply strains, according to analysts.
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A freed Nigerian oil militant vows to continue his struggle to keep more oil wealth in the Niger Delta.
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Trade union leaders in Nigeria vow to press on with a general strike despite government efforts to promote talks.
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Oil prices held near record highs on  Friday even though oil unions in OPEC member Nigeria said a  two-day wildcat strike would pass without any impact on  exports.
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Nigeria's president vows tough action after a spate of kidnappings of foreign workers in the oil-rich Niger Delta.
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The United Nations Secretary General, Kofi Annan, has said he will not resign over the controversial Iraqi Oil-for-Food programme.
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Multinational oil giant, Royal Dutch/Shell has disclosed that its out put remains unchanged despite its evacuation of non-essential staff from two oil production plants in its eastern operations area in the Niger- Delta where Nigerian troops are engaged
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Oil prices raced to new record highs  above $50 on Tuesday, despite a pledge by OPEC producer Saudi  Arabia to increase production, as rebel threats against  Nigerian oil facilities threatened to inflict further strain on  global supplies.
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Oil prices stayed on the boil above &#36;53 a barrel on Monday, bolstered by persistent anxiety over OPEC member Nigeria and the nearly month-long loss of a quarter of U.S. Gulf of Mexico production, traders said.
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Nigerian President Olusegun Obasanjo said on Friday that he had agreed to discuss the grievances of an ethnic militia group that is threatening to shut down oil production in the southeast of the country, but warned that he would do nothing to undermine
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WASHINGTON -- Oil prices edged higher yesterday amid violence in Nigeria and concerns that OPEC may reduce output when it meets next week, but buying was kept in check by forecasts calling for warmer US weather next week.
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Trade unions have joined a government team to find ways of easing the impact of a 25% rise, but refused to end the protest. Nigeria is Africa&#39;s biggest oil producer and is seeking to cut heavily subsidised fuel prices.
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Country tries to keep low profile for northern export line, still vulnerable to sabotage attacks. LONDON  - Iraq plans to quietly resume sales of its Kirkuk crude for the first time since May, hoping