Trans Forcados pipeline set to reopen soon?
Published by Anna Nicklin,
Assistant Editor
World Pipelines,
With Royal Dutch Shell currently testing its Trans Forcados crude export pipeline (Nigeria), it may restart by the weekend, according to news sources citing Reuters. The Astro Perseus tanker is currently en route to Nigeria to load the terminal with its first cargo by the weekend.
The Trans Forcados pipeline, which has a daily capacity of 240 000 bpd, has been a target for militant groups. It was attacked in February last year and has since then, the pipeline has spent the majority of time shutdown. The pipeline was repaired and exports briefly resumed in October, before the pipeline was attacked again in November.
A full resumption of Forcados could complicate matters for the Organization of the Petroleum Exporting Countries, which has seen its member nations to cut output due to a fall in benchmark oil prices. While Nigeria was exempt from the original cuts, according to Reuters, “Nigerian Oil Minister Emmanuel Ibe Kachikwu said his country would voluntarily join the cuts if its production reached 1.8 million bpd.”
Read the article online at: https://www.worldpipelines.com/business-news/11052017/trans-forcados-pipeline-set-to-reopen-soon/
You might also like
World Pipelines Podcast: Going global with IPLOCA
In this episode, Elizabeth Corner speaks to Georges Hage, Executive Secretary at IPLOCA, about IPLOCA's insights on the culture and characteristics of the pipeline contractor community, and how it works to support sustainable energy infrastructure.
Oil and gas companies add renewable fuels to low-carbon portfolio, says GlobalData
Share of fossil fuels in the world’s energy mix declined from 82% in 2022 to 81.5% in 2023.
