Nigeria’s oil production nosedives as Addax workers begin strike

Nigeria’s oil production may have suffered further decline of not less than 22,000 barrel per day, as employees of Addax Petroleum Development Nigeria, APN, have downed tools over perceived anti-labour practices. Addax, owned by China’s Sinopec Group, has four Oil Mining Licences, OML 123, 124, 126 and 137, operating the assets in Production Sharing Contract … [Read more…]