Petroleum Africa
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Friday, May 13, 2016
More of Nigeria’s exports have been taken offline as its Qua Iboe crude flow has been reduced due to a problem with the pipeline.
The issue with the pipeline could cause as much as 317,000 bpd of exports taken off the market. The exact amount that it will be reduced is not clear, however 317,000 bpd was the amount set for export in June, according to traders.
The issue with Qua Iboe follows a force majeure on Bonny Light crude, an attack on a Chevron facility shutting in production, and a strike on a Shell pipeline which shut in the Forcados export terminal.
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