Shell Nigeria: Forcados terminal closed by leak

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Associated Press

Posted on March 16, 2014 at 9:02 AM

Updated Sunday, Mar 16 at 9:03 AM

WARRI, Nigeria (AP) — Shell Nigeria says its Forcados crude oil export terminal is closed because of an undersea pipeline leak.

The biggest oil producer in Nigeria refused to say how many thousands of barrels of exports are affected by the closure.

Spokesman Precious Okolobo says the terminal's subsea crude export line was closed March 4 as soon as the leak was detected. It has the capacity to handle 400,000 barrels of crude a day, more than a fifth of the 2.2 billion barrels produced daily in Nigeria.

Okolobo said Sunday the cause of the leak is still being investigated.

Nigeria's government says it is losing about 200,000 barrels of crude daily to oil thefts. Those have been limited to hacking into pipelines on land in the southern Niger Delta.

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