Mobil continues pipeline repairs
Mobil Producing
Nigeria, an affiliate of U.S. oil firm, ExxonMobil, says repairs on its
damaged crude oil pipeline at the Qua Iboe crude export terminal is
still ongoing.
Located offshore at
Ibeno coastline in Akwa Ibom, the pipeline damage has caused a decline
in crude export from the over 400,000 barrels per day to around 250,000
barrels from the crude export terminal since May 1, according to
industry sources.
It has also caused delays in crude loading, they said.
Yemi Fakayejo, the
company’s spokesperson, said yesterday that the repair work which
compelled the oil firm to declare a “force majeure” on May 12, was
still in progress but declined to say when the work would be concluded.
Mobil had in a
statement signed by its External Affairs Director, Gloria
Essien-Danner, on May 12, said that it could not meet its contractual
obligations to crude buyers due to the pipeline damage at the Qua Iboe
oil fields.
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