With the lifting of the force majeure on Brass River crude by ENI and
the reopening of Shell’s Trans Niger pipeline, Nigeria should see a
bump in oil exports in March. According to export schedules, the West
African country will up its exports by three cargos over the 59 export
cargos scheduled for February.
The country could be exporting more
but the tapping of pipelines by vandals keeps its production capacity
down. Nigeria’s Ministry of Power, Works and Housing revealed that the
damage to pipelines is costing the country $400,000 per day.
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