Friday 2 October 2015

Nigeria’s oil export suffers setback as Shell shuts Forcados terminal

NIGERIA’S crude oil export for November may have been slightly affected, as Shell Petroleum Development Company of Nigeria Ltd (SPDC) operated Joint Venture declared force majeure on exports from Forcados Terminal, thereby shutting-in about 150,000 barrels per day.

The Corporate Media Relations Manager, SPDC, Precious Okolobo, who confirmed this in a statement to The Guradian, said force majeure was effective 15:00hrs, Nigerian time on September 30, 2015, following a leak that was detected on the Trans Forcados Pipeline (TFP).

Read more at The Guardian Online

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