Nigeria’s Trans Forcados crude oil pipeline ramping back -sources

world news, trump, u.s., business news, stock market, entertainment news, business news, company news, market, commodities, commodity, Africa news

LONDON, May 23 (Reuters) – Flows of crude oil along Nigeria’s Trans Forcados pipeline have started to ramp up again after an outage of almost a week, several trading sources said on Wednesday.

The pipeline, which has the capacity to carry up to 850,000 barrels per day of oil, was closed to repair a leak a week ago.

Royal Dutch Shell, which operates the Forcados oil terminal, said earlier in the day exports had not been disrupted by the closure, although industry sources have said June-loading cargoes of Forcados crude had already been deferred to July because of the temporary shutdown.

One industry source with knowledge of the matter said an inspection report had shown a pumping station further up the pipeline had restarted.

Operator Heritage Oil Ltd was not immediately available to comment.

Reporting by Amanda Cooper; Editing by Louise Heavens

Advertisements