Nigeria warns oil firms to share gas or be punished

phantom power

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Thu Aug-14-08 02:56 PM
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Nigeria warns oil firms to share gas or be punished

ABUJA (Reuters) - Nigeria's government on Thursday threatened to impose stiff penalties against foreign oil companies that fail to provide a certain amount of natural gas to the domestic market by the end of the year.

President Umaru Yar'Adua, under increasing pressure to rehabilitate a shoddy power sector, indicated he will soon declare a power emergency that would oblige international oil companies to share more of their gas.

The power crisis is one of the biggest brakes on growth in Africa's most populous country.

http://africa.reuters.com/energyandoil/news/usnLE342241.html?rpc=401&

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