ABUJA - Nigeria's biggest oilworkers' union said it was putting oil platforms on red alert in preparation for shutting down output from Africa's largestproducer, as part of a nationwide protest against the axing of apopular petrol subsidy.
Nigeria exports over 2 million barrels of crude oil per dayand is a key supplier to the US and Europe. Concerns aboutsupply from Africa's most populous nation can move global oilprices.
"Now that the Federal Government has decided to be callousminded, we hereby direct all production platforms to be on redalert in preparation for total production shutdown," a statementfrom oil union PENGASSAN said.