Nigerian oil unions start a strike
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and Nigeria Union of Petroleum and Natural Gas Workers are protesting against the government’s inefficiency in maintaining national refineries’ effectiveness. Plus, unions are highlighting the fact that the government has failed to reduce subsidized fuel prices to consumers even though oil prices are steadily declining.
Oil unions claim that the strike will affect the oil production since all operations are on strike. However, an industry source remarked that the strike is not expected to affect Nigeria’s output since shutting all production sites is a very extreme move and it requires greater unity among the workers than the unions have traditionally been able to maintain.
A previous strike, which occurred in September, had only caused a small disruption in Nigeria’s oil distribution. Only Ghana’s natural gas supplies were affected briefly, but the country did not feel any shortages.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- China's PP upturn enters third week on more bullish fundamentals
- Asia PET markets increase marginally on cost support, healthy Chinese demand
- Southeast Asian PVC markets supported by Indian demand
- Gradually returning demand offers glimmer of hope in polymer markets
- What propels PE prices higher in China?
- Vietnam PP, PE markets keep rising but some cautiousness remains
- Spot ethylene markets rally on diminishing supply in Asia, Europe
- Will European PP markets change direction after 3 months?
- Turkish PP, PE players leaving market for holiday with firm post-Eid expectations
- June PVC hikes exceed expectations in Asia, sustainability under discussion