Investing.com - Financial Markets Worldwide

UPDATE 1-Nigeria oil union threatens industrial action in Chevron dispute

Published 01/08/2019, 13:16
Updated 01/08/2019, 13:20
© Reuters. UPDATE 1-Nigeria oil union threatens industrial action in Chevron dispute

(Adds details, quote)
ABUJA, Aug 1 (Reuters) - One of Nigeria's main oil and gas
trade unions on Thursday threatened to take industrial action
over a staffing dispute with Chevron CVX.N .
Nigeria, an OPEC member, is Africa's largest oil producer
and crude sales make up around 90% of foreign exchange in
Africa's largest economy. The dilapidated state of its
refineries means the country imports most of its refined fuel.
The Nigeria Union of Petroleum and Natural Gas Workers
(NUPENG) has accused U.S. oil major Chevron of sacking hundreds
of Nigerian workers and altering contracts, both of which it
said were in violation of an agreement.
The union, in a statement issued on Thursday, made a number
of demands which included the return to work of all "NUPENG
executives". It said 500 of its members had been removed from
their posts, although it was not clear if they were all
executives.
"Should Chevron Nigeria Limited and its contractors fail to
honour or comply with our demands within the next seven days, we
would also not hesitate to take all necessary legal options
available to us; including industrial actions," NUPENG's
national president said in the statement.
A Chevron spokesman said he was unable to provide immediate
comment.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.