Shell resumes crude exports from Nigeria's Forcados terminal-Nigerian government
(Adds Shell has no comment)
By Felix Onuah
ABUJA, Oct (HKSE: 3366-OL.HK - news) 25 (Reuters) - Royal Dutch Shell (LSE: 0LN9.L - news) has resumed crude exports from the Forcados terminal in Nigeria's restive Niger Delta following repairs after a militant attack, the Nigerian presidency said on Tuesday.
A spokeswoman for Shell (LSE: RDSB.L - news) declined to comment.
"The Shell Director, Mr. Andrew Brown, informed the President of the resumption of oil exportation through the Forcados terminal following its restoration," the presidency said after a meeting between Brown and President Muhammadu Buhari.
Brown is in charge of Shell's upstream business.
Forcados crude has been under force majeure from operator Shell since a militant attack on the subsea pipeline in February, part of a wave against oil facilities in the Delta.
Forcados exports were between 250,000 and 300,000 barrels per day prior to the strike claimed by a militant group, the Niger Delta Avengers.
The Nigerian oil ministry had earlier said in a tweet the OPEC member's oil output had risen to 1.9 million bpd, up from the previously reported 1.4 million bpd. It did not explain why.
"Brown commended the anti-corruption posture of the Buhari administration as well as the efforts to streamline and stabilise the economy for long term projects, saying all the efforts will go a long way to reinforce Shell investment plans in Nigeria," the presidency statement said.
Brown also called for a "continued protection by the Nigerian navy in view of repeated threats of attack by militants". (Reporting by Felix Onuah, Ulf Laessing and Libby George; Writing by Ulf Laessing; Editing by Ruth Pitchford)