Chevron: Strike Partly Shuts in Angola Cabinda Oil Field
LONDON, Jul 08, 2005 (Dow Jones Commodities News via Comtex)
Some crude oil production at Chevron Corp.'s (CVX) Cabinda field in Angola has been shut in since late Thursday due to labor disputes, a Chevron spokesman said Friday.
"We've already restored some of the production and are working to restore the rest of it," Jeff Moore told Dow Jones Newswires.
Moore declined to say how much production had been affected by the dispute.
Production at the field averaged 477,000 barrels a day last year.
Angola produces over 1 million b/d.
Moore said negotiations with local labor unions continue.
Copyright (c) 2005 Dow Jones & Company, Inc.
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