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Posts Tagged ‘ Umaru Yar Adua ’

Oil Rallies as Roller Coaster Continues - Nigeria Moves to Stabilize Production

Jun 13th, 2008 | By Doug Casey | Category: Oil Investment & Alternative Energy

On the supply front, Nigeria’s president said the country’s state-owned oil company will take over operations in the Ogoni district of southern Nigeria from a Royal Dutch Shell joint venture. President Umaru Yar’Adua made the announcement after talks with French President Nicolas Sarkozy, saying that the move will “calm down” unrest among local residents.

Tags: Nicolas Sarkozy, Nigeria, Oil Futures, Oil Production, Record Oil Prices, Royal Dutch Shell, Saudi Arabia, Tanaka, Umaru Yar Adua
Posted in Oil Investment & Alternative Energy | Comments2008-06-13+19%3A32%3A07Doug+Casey

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