LAGOS (AFP) – Anglo-Dutch oil group Shell’s Nigerian subsidiary
on Thursday declared “force majeure” on exports from a key pipeline in the
south of the country because of damage caused by bad weather.
The Shell Petroleum Development Company of Nigeria Ltd (SDPC)
said daily production of 40,000 barrels of crude was suspended from 1100 GMT
until repairs on the offshore platform in the EA field was complete.
The damage to the platform had prompted the shutdown of the
facility near the city of Warri, in the Niger Delta region, it added.
“Force majeure” is a legal term releasing a company from
contractual obligations when faced with circumstances beyond its control.
Nigeria is Africa’s largest oil producer, accounting for about
two million barrels of crude per day, according to the International Energy
Agency.
Oil also accounts for more than 90 percent of Nigeria’s foreign
exchange earnings.
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