Middle East Economic Survey

VOL. L

No 27

2-July-2007

OPEC

Fuel Price Compromise Ends Nigerian Strike But Delta Oil Disruption Lingers

A four-day general strike that crippled Nigerian business and government services came to an end on 23 June after the government agreed a compromise on gasoline prices that rolled back a 15% rise announced in the final days of President Olesegun Obasanjos government. In an effort to cut reliance on imported gasoline, the former president raised prices from 65...