 |
Managing Director, Nigeria Shell Petroleum Development
Company, Mutiu Sunmonu,
Anglo-Dutch oil group Shell has resumed crude oil exports from a key terminal
in southern Nigeria after repairing a sabotaged pipeline, the company said on
Friday.
Shell’s subsidiary in Nigeria, SPDC, said a “force majeure” declared on
exports from the Forcados terminal on 25 March was lifted on Thursday “following
the removal of a crude theft point on the export line”.
“Force majeure” is a legal term releasing a company from contractual
obligations when faced with circumstances beyond its control.
The company shut the underwater pipeline when a leak was discovered on 4
March, leading to the suspension of exports through the terminal, which can
produce up to 400,000 barrels of crude per day.
Shell has blamed repeated oil thefts and sabotage of key pipelines as the
major cause of spills and pollution in the oil-producing region.
Crude oil theft or “bunkering” is a major problem in Nigeria, with estimates
that the country loses some $6 billion (4.3 billion euros) in revenue every year
because of the practice.
Nigeria is Africa’s largest oil producer, accounting for 1.92 million barrels
of crude per day, according to the latest figures from the International Energy
Agency.
|
Actions speaks louder than words but when actions goes with spoken words, then watch it. To celebrate her wedding anniversary, Khloe Kardashian of the The Keeping Up With The Kardashians star confirmed that her relationship with Lamar Odom is over, if not at the brink of judicial separation as she has deleted the surname of her husband "Odom" deleted from her Twitter and Instagram account. She did more than acting, she went on twitter rhetorical words indicating her marriage was over.The husband and wife, who are reported to have met to discuss their marriage, look like they've now finalised their split. Whatever it is, I hope they work it out. The good news is that Khloe still wears her wedding ring, so it is a good sign they can work it out. I want the happy Khloe back, am a fan, she stands out from the entire Kardashian clan. See pics of her twitter account and tweet after the cut.......
Comments
Post a Comment