AGL 38.00 No Change ▼ 0.00 (0%)
AIRLINK 136.21 Decreased By ▼ -0.24 (-0.18%)
BOP 5.38 Decreased By ▼ -0.06 (-1.1%)
CNERGY 3.72 Decreased By ▼ -0.08 (-2.11%)
DCL 7.41 Decreased By ▼ -0.09 (-1.2%)
DFML 45.40 Decreased By ▼ -0.01 (-0.02%)
DGKC 78.25 Decreased By ▼ -0.27 (-0.34%)
FCCL 28.58 Decreased By ▼ -0.31 (-1.07%)
FFBL 56.10 Decreased By ▼ -0.90 (-1.58%)
FFL 8.93 Decreased By ▼ -0.34 (-3.67%)
HUBC 101.70 Increased By ▲ 4.90 (5.06%)
HUMNL 13.15 Decreased By ▼ -0.25 (-1.87%)
KEL 3.75 Decreased By ▼ -0.02 (-0.53%)
KOSM 7.30 Increased By ▲ 0.02 (0.27%)
MLCF 37.05 Decreased By ▼ -0.75 (-1.98%)
NBP 66.60 Decreased By ▼ -0.90 (-1.33%)
OGDC 164.80 Decreased By ▼ -2.72 (-1.62%)
PAEL 24.80 Decreased By ▼ -0.30 (-1.2%)
PIBTL 6.62 Decreased By ▼ -0.08 (-1.19%)
PPL 128.00 Decreased By ▼ -3.50 (-2.66%)
PRL 23.86 Decreased By ▼ -2.54 (-9.62%)
PTC 14.80 Decreased By ▼ -0.30 (-1.99%)
SEARL 60.87 Decreased By ▼ -1.38 (-2.22%)
TELE 6.90 Decreased By ▼ -0.10 (-1.43%)
TOMCL 35.80 Decreased By ▼ -0.43 (-1.19%)
TPLP 7.65 Decreased By ▼ -0.23 (-2.92%)
TREET 14.05 Increased By ▲ 0.05 (0.36%)
TRG 44.59 Increased By ▲ 0.04 (0.09%)
UNITY 25.84 Decreased By ▼ -0.01 (-0.04%)
WTL 1.20 Decreased By ▼ -0.02 (-1.64%)
BR100 9,089 Decreased By -54.7 (-0.6%)
BR30 27,134 Decreased By -191.8 (-0.7%)
KSE100 85,250 Decreased By -335.3 (-0.39%)
KSE30 26,803 Decreased By -181 (-0.67%)

Exxon has shut a pipeline off the coast of Nigeria's Akwa Ibom state after an oil leak started by an unknown cause, the company's local unit said on Saturday. The US major's outage will add to production problems in Africa's biggest crude exporter, after fellow oil majors Shell and Eni reported recent disruptions at onshore sites due to Nigeria's worst flooding in 50 years.
"(Exxon Nigeria) confirms that on November 9 an oil release occurred offshore Akwa Ibom State," Mobil Producing Nigeria, a joint venture between Exxon and the state oil firm, said in an emailed statement. "The source of the leak was identified and the pipeline was isolated and shutdown." The company said it was investigating the cause of the leak but didn't give any details on the amount of oil production lost.
There was an oil spill in August near an Exxon facility that residents said left a slick running for miles along the coastline of Akwa Ibom. Exxon said it cleared up the spill but didn't confirm the source of the leak. Italian oil firm Eni said on Friday it had declared force majeure on Brass River oil loadings from Nigeria due to floods, which have submerged part of the southern oil-producing Niger Delta in recent weeks. Flooding combined with oil theft, prompted Shell to declare force majeure on two other large Nigerian oil streams, Bonny Light and Forcados, in late October.

Copyright Reuters, 2012

Comments

Comments are closed.