Qua Iboe Crude Under Force Majeure

Thursday, May 13, 2010

Shipments of crude from Nigeria’s Qua Iboe have been halted. ExxonMobil said that its Nigerian unit had declared force majeure on Qua Iboe crude oil shipments following damage to a pipeline.

"Mobil Producing Nigeria (MPN) confirms that it has declared a force majeure due to the difficulty in meeting projected liftings due to repair work on a section of a pipeline," the firm said in a statement.

MPN said that it did not know how long repairs would take to complete. 

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