Nigeria’s Oil Production to Rise as Forcados Terminal Begins Consignment


By ‘Dotun Akintomide

Nigeria’s major oil export platform Forcados Oil terminal issued its first loading plan since it was shut down for maintenance in 2016.

It was learnt the loading plan suggests oil exports will route through the terminal in June and help push Nigeria’s exports to the highest level in about 15 months.

Forcados was first shutdown in February 2016 after it was bombed by the Niger Delta Avengers. It was at the time the first attack Nigerians had seen on a subsea pipeline.

It then suffered another setback in October 2016 after a further militant attack affected its loading program. This was after major pipeline repairs had been carried out.

According to source,  “Forcados loading schedule includes seven cargoes, for a total of 197,000 barrels per day (bpd). That would bring total June exports to 1.75 million bpd aboard 58 cargoes.”

The New Diplomat further gathered that a crude oil tanker had been scheduled to depart to Takoradi in Ghana.

Nigeria avoided a cut in oil production after a deal reached by OPEC members to reduce the oil glut. With Forcados back on track the nation is expected to at least hit a minimum of 2 million bpd for the rest of the year. The government targeted an output of 2.2 million bpd in the passed 2017 Budget, a level that has not been reached in years.

Subscribe to Our VIP Newsletter

Previous articleUEFA CHAMPIONS LEAGUE FINAL: The Goal That Changed Everything – C Ronaldo
Next articleBuhari Will Return Before June 11, Says Orji Kalu
Hamilton Nwosa

The New Diplomat stands for ethical journalism, press freedom, accountable republic, and gender-equity. That is why at The New Diplomat, we are committed to speaking truth to power, fostering a robust community of responsible journalism, and using high quality polls, data, and surveys to engage the public with compelling narratives about political, business, socio-economic, environmental, and situational dynamics in Nigeria, Africa, and globally. From our insightful reports of political issues to our riveting investigations and analyses of business, socio-economic, and cross-cutting sectors, The New Diplomat remains ever committed to investigative reporting and ethical journalism. Support and partner with The New Diplomat today, to guarantee a positive future for all under an atmosphere of free press!


Please enter your comment!
Please enter your name here