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Home Business News

Qua Iboe Gets First Deal Since Force Majeure

Nairametrics by Nairametrics
September 13, 2016
in Business News
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  • ExxonMobil is offering an October-loading cargo of Nigeria’s Qua Iboe crude oil, the first offer since the company declared force majeure on the grade in July, sources said on Tuesday.
  • Exxon declared force majeure on the grade, Nigeria’s largest export stream, after a leak on the pipeline that feeds the oil to the export terminal.
  • The cargo is offered for October 8-16 loading at a premium of $1.80 per barrel to dated Brent, sources said.
  • Source: Reuters

 


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Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

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  • Tinubunomics Not Working: SME’s groan over rising cost of doing business
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Tinubunomics Not Working: SME’s groan over rising cost of doing business

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September 21, 2025
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