Crude oil export from Nigeria is expected to increase by about 380,000 barrels per day in the next few days, following the expected return of Shell’s Forcados crude pipeline by mid September.

The Chief Executive Officer, Shoreline Group, Mr. Kola Karim, on Wednesday, stated that Shell Nigeria’s Forcados crude oil pipeline would resume deliveries by September.

Karim, who spoke to Bloomberg, said, “We are hearing Forcados is due to return at the middle of next month. It has been a tough situation for us these past couple of months.”

In its latest Financial and Operations report for June 2016, the Nigerian National Petroleum Corporation revealed that the subsisting Force Majeure at Forcados Terminal meant that about 380,000 barrels of oil per day remained shut in.

The Forcados pipeline system is amongoil infrastructure targeted by Nigerian militants this year.

In February, Shell declared force majeure, a legal clause that allows it to stop shipments without breaching contracts, after militants blew up a line feeding the Forcados terminal, which typically exports about 200,000 barrels a day.

Of that, Shoreline sends about 52,000 barrels a day, according to Bloomberg.A Lagos-based spokesman for Shell, Precious Okolobo, declined to commenton Wednesday.

While the Niger Delta Avengers, which claimed most attacks in Nigeria’s oil heartland this year, have announced a halt to hostilities, other militant groups have emerged.

The Niger Delta Greenland Justice Mandate claimed an assault this week on the Ogor-Oteri pipeline, which is run by the Nigerian Petroleum Development Company and Shoreline and was already halted following a previous attack on Forcados.

“It’s key to note that there are other groups now trying to assert themselves,” Dolapo Oni, the Lagos-based head of Ecobank Energy Research, said by phone. “Nevertheless,it shouldn’t prevent the September opening.”

Shoreline is still trying to pinpoint the location and assess the damage from Tuesday’s attack in Delta State, Karim said.

Nigeria expects to pump 1.5 million barrels a day “at best” this year, Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, had said on August 12.Nigeria, an OPEC member, produced about two million barrels a day last year.

“With Forcados, we are likely to regain output at 1.8 million barrels a day and should be able to sustain that till year-end, which is a major boost for government revenue,” Oni said

“With Forcados, we are likely to regain output at 1.8 million barrels a day and should be able to sustain that till year-end, which is a major boost for government revenue,”

Adminisher:
Death should now await any community that harbours eco-terrorists of any hue. They should be levelled completely. Any terrorists caught should not be spared the most horrific torture. The Jonathan that inspired the attacks should also be kept under security watch. Any suspicious call or meeting should provoke immediate arrest. He should explain why Nigeria that honoured him with high offices in spite of his modest abilities should be visited with economic sabotage from an ex President no less

ladyF:
The avengers would not like this news...

ladyF:
The avengers would not like this news...

princemillla:


Is this really you, what has change

ladyF:

lol...how dear?

princemillla:


You no longer occupy your ftc. Have you repent. Abi breeze of chaji Don over blow you

ladyF:

Na chainge. I dey manage this my 50mb for a whole month. Baba God go pick up my call soon, no worry.

Adminisher:
Death should now await any community that harbours eco-terrorists of any hue. They should be levelled completely. Any terrorists caught should not be spared the most horrific torture. The Jonathan that inspired the attacks should also be kept under security watch. Any suspicious call or meeting should provoke immediate arrest. He should explain why Nigeria that honoured him with high offices in spite of his modest abilities should be visited with economic sabotage from an ex President no less

blueto:
Enough of these spurious, beguiling and besmirching axiomatic allegations, can you substantiate your assertion that Jonathan is actually behind NDA??

Adminisher:
Death should now await any community that harbours eco-terrorists of any hue. They should be levelled completely. Any terrorists caught should not be spared the most horrific torture. The Jonathan that inspired the attacks should also be kept under security watch. Any suspicious call or meeting should provoke immediate arrest. He should explain why Nigeria that honoured him with high offices in spite of his modest abilities should be visited with economic sabotage from an ex President no less

Modsenemy:
To increase .....


Let it increase first abeg