OIL WORKERS' STRIKE
CONTINUES IN NIGERIA
LAGOS, Nigeria - An oil workers' strike that has caused fuel shortages continued Friday, after the nation's main trade union group suspended a 6-day- old strike calling for democratic rule.
The oil workers are striking in support of Moshood Abiola, the undeclared winner of the an
ed June 12 presidential election. Nigeria's former military rulers have installed an interim government headed by industrialist Ernest Shonekan.
PETROLEOS DE VENEZUELA
REVAMPS NY OFFICE
NEW YORK - Petroleos de Venezuela USA, the U.S. subsidiary of the Venezuela state-owned oil company, will close down most of its New York City office by year-end because of an ongoing global reorganization tied to economic factors, sources at the company said Friday.
Twenty-one staff members in the company's market information and energy analysis group and in human resources were told of the move Thursday, a source in attendance said.
An undisclosed number of human resource personnel will be transferred to PDV Services, the company's Houston-based procurement arm.
PDV USA will rely on international staff, who also are slated for consolidation, and subsidiary Citgo Petroleum, Tulsa, Okla., to gather oil market intelligence, company sources told Knight-Ridder Financial News.
BECHTEL WINS CONTRACT
FOR EMIRATES GAS PROJECT
ABU DHABI, United Arab Emirates - The state oil company has awarded a $1.3 billion gas development deal to the London branch of U.S. Bechtel Corp. and Paris-based Technip, company officials said.
The project for the Abu Dhabi National Oil Co. involves development of Habshan, one of the world's biggest onshore gas projects.