Deals and Investment

Nigeria’s Trans Forcados crude oil pipeline resumes

Several trading sources have confirmed flows of crude oil along Nigeria’s Trans Forcados pipeline, saying the line has started to ramp up again after an outage of almost a week.
They made the confirmation on Wednesday, according to a Reuters’ report.
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 Limited was not immediately available to comment.

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