BY Taiwo George
Repair work on the pipeline feeding Forcados crude oil, one of Nigeria’s biggest export terminals, is expected to take until June, according to Reuters.
Forcados, which has the capacity to export about 400,000 barrels every day, was scheduled to export some 249,000 barrels of oil per day in February and March.
On February 21, the facility operated by Shell was hit by an explosion, which caused a leak that forced it to halt loadings.
The hit affected production and exports at a time the country is grappling with a crude price collapse that has shrunk government income.
Reuters said Shell workers could not comment on the timeline of repair work.
It quoted sources as saying once the pipeline is repaired, it is likely to take some time to resume oil production and exports.
Earlier on Wednesday, President Muhammadu Buhari warned vandals blowing up oil and gas installations to desist immediately or face the same drastic action being taken against Boko Haram.
“I am aware that in the last two weeks, the national grid collapsed a number of times. I hope this message will reach the vandals and saboteurs who are blowing up pipelines and installations. We will deal with them the way we dealt with Boko Haram,” Buhari said in Beijing, capital of China, at a meeting with members of the Nigerian community in that country.
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