Monday, May 10, 2010

Eni Lifts Force Majeure on Nigeria Brass Oil Exports

By Alexander Kwiatkowski

May 6 (Bloomberg) -- Eni SpA ended export restrictions on shipments of Nigeria’s Brass River crude oil.

The Rome-based company yesterday lifted a force majeure declaration on Brass River exports that had been in place since last week, a company spokesman, who declined to be named citing company policy, said in an e-mailed statement today.

Force majeure is a legal clause that allows producers to miss contracted deliveries because of circumstances beyond their control. The company had previously declined to comment on why the declaration was made.

Eni’s share of affected output was 12,000 barrels a day, according to the company. Brass River exports were originally expected to average about 123,000 barrels a day this month, according to loading plans.

--Editors: Jonas Bergman, Randall Hackley

To contact the reporter on this story: Alexander Kwiatkowski in London at

To contact the editor responsible for this story: Rob Verdonck at

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