Nigeria's crude oil export to the international in June rose by 60,000 barrels per day.
Nigeria's crude oil export to the global market in June leaped by 60,000 barrels per day.
Reuters confirmed the development, stating that:“Nigeria increased output by 60,000 bpd and the increase would have been larger without loading delays at the Bonny terminal and a force majeure on exports of Forcados crude.”
Findings revealed that the nation’s production and export were also drastically reduced because of pipeline vandalism and oil theft during the period.
“Crude oil theft, sabotage and illegal refining are the main sources of pollution in the Niger Delta today and were the cause of 75per cent of spill incidents from Shell Petroleum Development Company of Nigeria Joint Venture (SPDC JV) pipelines in 2014.”
“An average of 37,000 barrels of oil equivalent a day (boe/d) were stolen from the SPDC JV network in 2014, with an additional 110,000 boe/d of production deferred due to illegal interference with pipelines and other illegal activities such as theft of well head equipment,” it added.