Nigeria Agip Oil Facility Taken Over

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Oct 29 2006
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Latest financial news from AP indicated protesters in Nigeria have taken over an oil pumping station in the southern part of the country … a Nigerian security official says scores of protesters, demanding jobs and aid, stormed the pumping station and forced workers there to shut down operations …

An Italian oil firm had to shut the flow of oil … firm officials were not immediately available for comment and it is not clear how much oil was shut off …
Over the last decade, villagers have often stormed oil facilities to protest against oil companies they accuse of taking wealth from their land and giving little back … most of the seizures have ended peacefully …

Well, i’m not sure how long this will prolong but it’ll definately affect the oil price comes monday when market open …

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