A Review of the Nigerian Energy Industry

Leak chops Sinopec output in Gabon

Chinese energy firm Sinopec has seen production slashed by a third in Gabon after one of its subsidiaries sprung a leak at a pipeline last week.

There is said to be limited damage to the pipeline which links the Obangue oilfield to the Rabi oil terminal in the West African country.

However, about 10,000 barrels of oil per day have been lost from production at the pipeline operated by Sinopec offshoot, Addax Petroleum, according to a Reuters report citing Gabonese Oil Minister, Alexandre Barro Chambrier.

“The incident made the Chinese company lose about a third of its daily production. There is some damage but the damage is limited,” the news wire quotes Chambrier as saying.

“It’s not going to have a significant impact on supplies. It’s less than a cargo a month,” an African oil trader told Reuters.

Gabon produces around 220,000-240,000 barrels of daily crude oil output, down from a peak of around 370,000 bpd in 1997, Reuters reported.

In this article

Join the Conversation

  • Persian Gulf thank you, and what a perfect name to blog about Iran, when it comes to Iran and about Iran I don’t care what otehrs thinks of me .What is at stake here is: it’s perfectly fine and legitimate for Iranians to have difference of opinion on how to govern their country, that is fine just like any other vibrant society should. But also, we all should know that a true democracy couldn’t be achieved if you are a client state of a foreign power, this is not possible in Iran just as it’s not possible in Israel. This is just one of the reasons that Israel is not and could not be a democracy specially since it feels constantly threaten by its neighbors and it’s owen non Jewish citizens for this reason it doesn’t feel secure to allow his non Jewish citizens to vote and further to secure itself it needs support of a foreign power therefore it needs to adjust its internal and external polices to accommodate the foreign power (I am sure no one needs an example of that on this site). One, who has studied the history of Iran, knows that Iran and Iranians have sacrificed a lot especially since the revolution of 79 to gain the independence from foreign influence (Esteghlal) that Iran currently enjoys. This is what Iran has gained from the revolution and a true nationalist will not want to lose this hard gained independence just like a true nationalist American will not want to be under the influence of Mexico or Israel which we all read their frustration many times a day from the post we read on these sites or otehrs. This is the core of the problem between the Iranians and the Americans and since American public is disconnected with real American foreign policy and just believes what is feed to them it becomes important to point out to them that as much as you love your country and your independence you gained thorough your revolution so do the other people of the world and they also do want a democracy whiten confines of their own culture.Now 100 times a day we all read here and there that US wants to sanction Iran for non compliance with its Nuclear energy program, and Iran is a non democratic country and so on and so forth but no one dares to ask the US and it’s western allies that if you really care for the democracy in Iran then why you are not sanctioning them for lack of democracy? Imagine how could they have sanctioned Iran for lack of democracy if they did, they had to sanction all their Middle East allies including Israel first, If you are sanctioning Iranians for their nuclear technology every Iranian will know that you are going after their independence and that is why the current government of Iran enjoys the backing of millions on the revolutions anniversary.