Nigeria’s crude exports set to increase in March

Nigeria’s crude export is expected to witness a rise in the month of March. This according to export schedules is because of the reopening of Shell’s Trans Niger Pipeline (TNP) and the lifting of the force majeure on Brass River crude by ENI.

Nigeria will increase its exports by three cargoes which is scheduled for this February.

Last Monday, Royal dutch Shell announced the re-opening of its Trans Niger Pipeline, or TNP, which carries Bonny Light crude oil to the export terminal.

The pipeline had been out of operation since November, 2015.

Royal Dutch Shell, last Monday, announced the re-opening of its Trans Niger Pipeline, or TNP, which carries Bonny Light crude oil to the export terminal.

This pipeline had been out of operation since November, 2015. The pipeline remained closed while the company investigated another incident on Nov. 22. where unfortunately, four contractors lost their lives during an operation to remove crude oil theft points.

The inferno was suspected to have been caused by pipeline vandals, traders commented that the implication of the closure had led to crude loading delays of up to 10 days.

According to Shell, Nigeria had suffered a decline of 150,000 barrels of crude oil output and lost about $14.73 million daily as a result of the Trans Niger Pipeline (TNP) closure.

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