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Unrest In Nigeria.


Shell may have to abandon onshore on·shore  
adj.
1. Moving or directed toward the shore: an onshore wind.

2. Located on the shore: an onshore beacon; an onshore patrol.

adv.
 production in Nigeria, which supplies 9% of the company's 1m b/d crude oil supply, because of escalating civil strife. Violence in the Niger River Niger River
 or Joliba or Kworra

Principal river of western Africa. The third longest on the continent, it rises in Guinea near the Sierra Leone border and flows into Nigeria and the Gulf of Guinea.
 delta, where a majority of Nigeria's oil reserves Oil reserves refer to portions of oil in place that are claimed to be recoverable under economic constraints.

Oil in the ground is not a "reserve" unless it is claimed to be economically recoverable, since as the oil is extracted, the cost of recovery increases incrementally
 are located, kills about 1,000 people a year.

A 93-page survey dated December 2003 says criminal gangs sell stolen oil to buy weapons. It says Shell itself "feeds" the violence and may have to leave the area by 2009. The study was commissioned by Shell and conducted by WAC WAC (Women's Army Corps), U.S. army organization created (1942) during World War II to enlist women as auxiliaries for noncombatant duty in the U.S. army. Before 1943 it was known as the Women's Auxiliary Army Corps (WAAC). Its first director was Oveta Culp Hobby.  Global Services, a group of specialists in conflict resolution based in Lagos. Nigerian unions declared a nationwide general strike last week to protest rising fuel prices, adding to concern about oil output. (early 75% of the country's 130m people live on less than $1 per day. Shell has shipped oil from Nigeria for 50 years).
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Publication:APS Review Oil Market Trends
Date:Jun 14, 2004
Words:144
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