Nigeria: Trans Forcados oil pipeline resumes operations – source. Nigeria’s Trans Forcados oil pipeline resumed flows on Friday, a source familiar with
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While the decline in production in other OPEC countries within the period under review could be attributed to quota allocation by OPEC, Nigeria’s decline was mainly due to infrastructure vandalism, which made it impossible for the country to meet its OPEC quota of 2 million barrels per day.
A statement from the Ministry of Petroleum Resources said that the Minister of State, Dr. Emmanuel Ibe Kachikwu, had “expressed his grave concern and disappointment about the recent pipeline attacks”
Nigerian oil output plummeted to near 30-year lows of around 1.4 million b/d in May from 2.2 million b/d earlier in the year as attacks on oil facilities in the Niger Delta rose at an alarming pace amid resurgent militancy.
20 January 2015, Abuja – The Trans Forcados oil pipeline has again been vandalised by a yet-to-be identified group of…
