- Nigeria’s crude oil exports are set to increase as Exxon claims to have filled storage facilities at its Qua Iboe export terminal and awaiting government clearance to export.
- Force majeure, however, still exists as Exxon declined to state a specific date for resuming exports
- Another Nigerian grade operated by Royal Dutch Shell Plc is also scheduled to restart soon.
- Both exports, if materialized, could increase shipments by about 540,000 barrels daily, using last year’s estimates.
- Source: Bloomberg
Nigeria Set To Increase Crude Oil Exports
