Wednesday 4 February 2015

OIL OUTPUT RESTRAINED BY FORCADOS, NEMBE CREEK PIPELINES OUTAGES

OIL OUTPUT RESTRAINED BY FORCADOS, NEMBE CREEK PIPELINES OUTAGESNigeria managed to boost crude oil exports but the increase was restrained by outages of the Forcados and Nembe Creek pipelines. Nembe creek crude oil pipeline was closed January 17, 2015 due to a leak, while the Trans Forcados oil pipeline was also shut about the same time. Both pipelines have been reopened, bringing back on stream part of the network whose closure also led to a near halving of the country’s gas production.
 

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