Nigeria resumed operations on its Trans Forcados
oil pipeline, a senior oil official said on Monday, bringing back on stream
part of the network whose closure also led to a near halving of the country's
gas production.
David Ige, executive director of gas and power at
Nigerian National Petroleum Corp, told Reuters that the pipeline, which had
been shut for a week due to sabotage, resumed on Saturday afternoon.
It transports the Forcados crude oil grade in the
delta region and was scheduled to export about 260,000 barrels per day in
January and 210,000 bpd in February.
The west African crude market is already
oversupplied, so the resumption had little immediate impact on prices.
The outage also halted a significant part of
Nigeria's natural gas production. Gas fields had to be shut down because the
condensate they produce alongside the gas is normally evacuated via Forcados.
No comments:
Post a Comment