Crude oil exports suffer setback as Shell shuts down Forcados terminal

Nigeria’s export of crude oil has suffered a major setback as Shell Nigeria shut down the 400,000 barrels per day capacity Forcados export terminal in Delta State, following a leak on a pipeline.

Shell Nigeria and other third parties export crude oil from the Western Niger Delta through the terminal, which was once shut down on October 19, 2012, due to flooding and damage to the supply pipelines.
However, the company resumed loadings at the terminal on November 21, 2012 and also lifted the force majeure declared on exports of Forcados grade of crude oil. Thisday

One comment

  1. We seriously need a turnaround in this nation… for the better… and for the future leaders. These shutdowns are having spiral effects on the economy.

Leave a Reply

Your email address will not be published. Required fields are marked *



Check Also

Recession continues as economy shrinks by 0.52% in Q1 2017 – NBS

The National Bureau of Statistics (NBS) on Tuesday released the Gross Domestic Product report for the first quarter of this year, which showed that the economy contracted by 0.52 per cent in the period ...