Monday 21 March 2016

NIGERIA MAY LOSE N200B TO FORCADOS PIPELINE DISRUPTION

Pipelines repairs PHOTO: naija247newsWhile Shell Petroleum Development Corporation (SPDC) works towards the rehabilitation of the Forcados Export Terminal pipeline damaged by vandals, Nigeria would have lost about 25 million barrels of crude oil before it’s repaired.

The Forcados Terminal in Delta State, which is one of Nigeria’s biggest terminals with the capacity to export about 400,000 barrels of oil a day, was supposed to export 250,000 between February and May 2016.

Read more @ The Guardian

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