By Sebastine Obasi & Prince Okafor, with agency report

Nigeria is losing about N2.79 billion daily following the closure of ExxonMobil operated Qua Iboe terminal, whose workers were evacuated yesterday. Qua Iboe is Nigeria’s largest crude oil stream and exports usually more than 300,000 barrels per day.

At the current oil price of $47 per barrel, the country is bound to lose billions of Naira daily.

A market source said the evacuation was caused by the threat from militants and that tanks had been emptied of crude. Exxon did not immediately respond to a request for comment. However, the management of Exxon Mobil, yesterday said production was ongoing at Qua Iboe crude oil terminal, despite criminal activity that obstructed staff access to a bridge leading to the terminal in the early hours of yesterday.

Exxon Mobil cut Qua Iboe production and declared force majeure on exports last Friday, after a drilling rig, experiencing mechanical difficulties, damaged the pipeline it jointly owns with the state-owned Nigerian National Petroleum Corporation, NNPC, Production was ramped up again earlier this week.

The business plan of the country to export about 800,000 barrels per day Bonny Light and Qua Iboe grade in May and June have already been hampered. This is the third time facilities of international oil companies would be attacked by the Niger Delta militants in three months.

Earlier last week, Chevron Nigeria Limited’s Okan offshore facility was shut-in. Nigerian Navy spokesperson, Commodore Chris Ezekobe, who also confirmed the incident, said the attack occurred about 40 nautical miles from the Escravos terminal, around Warri in Delta State. A group known as the Niger Delta Avengers had claimed responsibility for the attack.

The same group said it carried out an attack on a Shell Oil pipeline in February which shut down the 250,000 barrel-a-day Forcados export terminal.

Also last Saturday, Shell  evacuated  98 key personnel on board by helicopters from Eja OML 79, where production of 90,000 barrels of oil per day has been halted. Sources said a small group of staff has been left on the platform to carry out skeletal operations. The staff and facility are offered protection by two gunboats belonging to the military Joint Taskforce of the Federal Government.

Close to Eja 79 is the Bonga Field, which has a larger production capacity and is operated by another Shell subsidiary, Shell Nigeria Exploration and Production Company (SNEPCO).

http://www.vanguardngr.com/2016/05/nigeria-loses-n2-79bn-daily-qua-iboe-terminal-shut/

Buhary will soon shutdown Nigeria through his many misguided statements and wrong approach to leadership.

In the 21st Century, Nigeria does not need a ruler, we need a good leader.


Mohoomodu Buhary retrace your steps or resign NOW!

can things get any worst in this country? smh.

Loss, Loss, Loss,



The time una dey gain, una dey tell us?





Sai Babaaaaaa...... Change!!!






#MySignature#Mybusiness

Firefire:
Buhary will soon shutdown Nigeria through his many misguided statements and wrong approach to leadership.

In the 21st Century, Nigeria does not need a ruler, we need a good leader.


Mohoomodu Buhary retrace your steps or resign NOW!

Are you not aware that a new sheriff is in town??

In the 21st Century, Nigeria does not need a [size=16pt]ruler,[/size] we need a good leader.

Ruler ni, Compass kor

My heart bleeds for this country....before we realize the effect of all diz sabotage , Ghana, Togo, Benin our neighbouring countries will be playing a USA- Mexico relationship with us. Nigeria illegal emigrant might have flooding those countries because of better standard of living in some few years to come..
.
How else can the black race think. ....An ailing economy, yet som group of idiotic and cursed generation are bent on taking us to stone age era in d name of fighting for emancipation of thier people.... Isis as a fvck.tard entity never blow up facilities cause they knw d effect of taking d economy backward,,,,,instead they capture regions, while production continues with the proceeds going 2 their pockets.
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To the born by mistake individuals dat are shouting for the continuation of blowing of facilities by diz Idio.ts thinking dey are doing the president....take a look at Borno, after killing both there economy and human resources , am sure GEJ is lying paralysed in the hospital cause of their actions I guess
.
I laugh wen dis Idio.ts think is only crude oil that can suffocate the Nigerian economy, yes it contributes majorly to d economy, thanks to the useless rulers we have had in time pass,
U guys are complaining abt tomatoes prices skyrocketing I guess, that is juz a little picture of what will happen if the North decide to also blow up every means of transporting foodstuffs to all ur channels.....Nonsence

buhari is just useless and stupid,he lacks intellect to deal with militants ,talk to them u say no na soldier style you wan do,okay okay go and crush them you still nor fit,you dey look gbooooor,every day you dey make more threat yet they are the ones c
arying out the actions.

When is he closing the gate of Nigeria? We are beginning to grow weak already.

Reduction in data management. Even my typing is vanishing...

Buhari dialogue is the only way forward.

Buhari plans MORE to destroy, than to build.

- Destroy the economy

- Destroy corruption

- Destroy the Naira

- Destroy the Creeks

The Buhari I know can never champion a peace-keeping or peacebuilding campaign. He needs to take a course with the UN, and be told that PKO is the only way to resolve crisis in the 21st century.

God will fight for Nigeria.

Godgay:
buhari is just useless and stupid,he lacks intellect to deal with militants ,talk to them u say no na soldier style you wan do,okay okay go and crush them you still nor fit,you dey look gbooooor,every day you dey make more threat yet they are the ones c
arying out the actions.

He needs to learn negotiation

oj

Somebody should please help us multiply that figure by 100 days ..


I think we are loosing more cash than we have recovered ..


Wailers recommend dialogue

The last time I *wailingly gave this recommendation, Nigeria is loosing ONLY N1.5b ..

speaktome:
Loss, Loss, Loss,



The time una dey gain, una dey tell us?





Sai Babaaaaaa...... Change!!!






#MySignature#Mybusiness

Kolo mentality

Buhari never see anything......


There are some certain things body odor dont fix

Hmm
With what is going on in Nigeria now,Ghana is beginning to look like Dubia to some people.

I think its time the FG eats the humble pie and pay the devils some money.

Buhari's brain is damaged long ago

giant of africa

if only PMB had good and sincere advisers and not decievers who are bent on pushing him to think everything is gra gra and gun. Wisdom is better than weapons of war

Oil moni going going...... Gone!

Pikin wey say him mama no go sleep no go sleep lie-lie...

Today, Amu-hammed Buhari is reaping what he did to the former President.

make me just tanda dey observe whether 3rd world war will start from nigeria..

the zombies keep cheering their dollard to his doom

he better come down from his high horse and attend to the issues. there are thousands of miles of pipelines. you cant

secure them. even the usa cannot secure their border

new olodo sheriff in town

This is the result of Buhari's divisive policies.When you call militant that have never killed a soul terrorist and the Killer Boko haram and fulani herds men saints, when you constitute a Cabinet and you refer to the Minorities as 5% forgeting the fact that they are the economy heart beat of Nigeria,when you treat some people as third class citizen and those who do not give anything tangible to this nation as first class citizen, you are surely, intentionaly dividing this nation according to religious and ethnic lines.For all those who trive in hatred, tribalism, religion bigotry and injustice can the nation now turn to lagos oil for survival because you choose hatred than love and justice.Evil can never triumph over good justice must be served in Nigeria if we must move forward.Thanks.

I Think of all the SS niger delta communities hosting IOCs, Akwa Ibom is the most peaceful, and in Nigeria if you are peaceful, you will be taken for a ride.

Despite the fact that this is the state contributing the most to the country, it is not evident in the populace that there is wealth. I am not advocating violence, but Akwa Ibom peolple should step up their game and use available channels to curry the best to themselves.





PS. No parasitic bigot should quote me.

He is busy carrying Chibok girl Scam Pikin.

2.8bn per day!!!.