| Submit your comments on this article |
| Africa Subsaharan |
| Chevron's oil pipeline in Nigeria repaired |
| 2008-07-16 |
| (Xinhua) -- Chevron Corporation said operations have restarted at a Nigerian oil pipeline attacked by militants in June, Chevron spokeswoman Margaret Cooper said late Monday. "The pipeline is back into service and production is restored," she said but declined to elaborate on whether the company's force majeure on Nigerian Escravos oil exports had been lifted. The U.S. oil major declared force majeure -- a legal clause allowing producers to miss contracted deliveries because of circumstances beyond their control -- on its Nigerian Escravos exports after armed youths blew up the Abiteye-Olero crude pipeline in the western Niger Delta. The assault cut about 120,000 barrels a day of crude output, according to military officials at the time. Chevron declined to say how much production was affected by the attack but said output losses would delay loadings of some Escravos cargoes. The Abiteye-Olero pipeline's return to service comes days after Royal Dutch Shell PLC (RDSB.LN) lifted its force majeure on exports from its 225,000 barrels-a-day Bonga offshore oil field in Nigeria following a June militant attack. |
| Posted by:Fred |
| #2 And for reasons that I can't seem to understand, gas will probably go UP this week because of this. |
| Posted by: bigjim-ky 2008-07-16 11:05 |
| #1 Compare wid TOPIX > THE ISLAMIST THREAT, NIGERIAN OIL, AND THE BATTLE FOR CENTRAL AFRICA, + AFRICAN UNION WARNS OF CIVIL WAR IN SUDAN. |
| Posted by: JosephMendiola 2008-07-16 01:58 |