Business

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

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 usually carries around 200,000 to 240,000 barrels of oil per day, 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. Reuters