Monday, February 1, 2016

Nigeria Ups Export Cargos for March


With the lifting of the force majeure on Brass River crude by ENI and the reopening of Shell’s Trans Niger pipeline, Nigeria should see a bump in oil exports in March. According to export schedules, the West African country will up its exports by three cargos over the 59 export cargos scheduled for February.

The country could be exporting more but the tapping of pipelines by vandals keeps its production capacity down. Nigeria’s Ministry of Power, Works and Housing revealed that the damage to pipelines is costing the country $400,000 per day.

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