AGL 40.01 Decreased By ▼ -0.02 (-0.05%)
AIRLINK 128.00 Increased By ▲ 0.30 (0.23%)
BOP 6.68 Increased By ▲ 0.07 (1.06%)
CNERGY 4.48 Decreased By ▼ -0.12 (-2.61%)
DCL 8.95 Increased By ▲ 0.16 (1.82%)
DFML 41.56 Decreased By ▼ -0.02 (-0.05%)
DGKC 87.80 Increased By ▲ 2.01 (2.34%)
FCCL 32.80 Increased By ▲ 0.31 (0.95%)
FFBL 64.45 Increased By ▲ 0.42 (0.66%)
FFL 11.39 Increased By ▲ 0.84 (7.96%)
HUBC 111.38 Increased By ▲ 0.61 (0.55%)
HUMNL 14.76 Decreased By ▼ -0.31 (-2.06%)
KEL 5.03 Increased By ▲ 0.15 (3.07%)
KOSM 7.32 Decreased By ▼ -0.13 (-1.74%)
MLCF 41.05 Increased By ▲ 0.53 (1.31%)
NBP 61.44 Increased By ▲ 0.39 (0.64%)
OGDC 194.90 Increased By ▲ 0.03 (0.02%)
PAEL 27.50 Decreased By ▼ -0.01 (-0.04%)
PIBTL 7.77 Decreased By ▼ -0.04 (-0.51%)
PPL 153.00 Increased By ▲ 0.47 (0.31%)
PRL 26.61 Increased By ▲ 0.03 (0.11%)
PTC 16.15 Decreased By ▼ -0.11 (-0.68%)
SEARL 84.23 Increased By ▲ 0.09 (0.11%)
TELE 7.95 Decreased By ▼ -0.01 (-0.13%)
TOMCL 36.76 Increased By ▲ 0.16 (0.44%)
TPLP 8.82 Increased By ▲ 0.16 (1.85%)
TREET 17.09 Decreased By ▼ -0.57 (-3.23%)
TRG 57.40 Decreased By ▼ -1.22 (-2.08%)
UNITY 26.70 Decreased By ▼ -0.16 (-0.6%)
WTL 1.33 Decreased By ▼ -0.05 (-3.62%)
BR100 10,000 No Change 0 (0%)
BR30 31,002 No Change 0 (0%)
KSE100 94,701 Increased By 509 (0.54%)
KSE30 29,424 Increased By 222.4 (0.76%)

Nigeria's oil production has fallen by at least 200,000 barrels per day (bpd) since a militant attack forced the closure of the major Trans Forcados Pipeline (TFP) on Wednesday, industry sources said. The attack pushes the west African country's output back below 2 million bpd.
Nigeria's oil minister said on Tuesday that overall production had recovered to around 2.1 million bpd following months of attacks, mainly by the Niger Delta Avengers, on various oil installations that had cut output by over 600,000 bpd.
Local oil company Shoreline said its 35,000 bpd of output was shut as a result of the pipeline closure. Several other local producers link up to the TFP including London and Lagos listed Seplat.
Exports of Forcados that only just resumed in October are expected to continue at a reduced rate. Force majeure was imposed earlier this year after an attack on a sub-sea pipeline in February and had not yet been lifted.

Copyright Reuters, 2016

Comments

Comments are closed.