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Nigeria loses $3.12 million daily as Agip shuts in 65,000 bpd



Nigeria loses $3.12 million daily as Agip shuts in 65,000 bpd

The spate of attacks on oil facilities in the Niger Delta has further reduced Nigeria’s daily oil output, as Eni, the parent company of Nigerian Agip Oil Company, NAOC, has said that the firm’s production had been cut short by 65,000 barrels per day following Friday’s attack on its pipeline in Bayelsa.

In a a short email statement on Sunday, a spokesman of Eni said: “The total deferred production due to the attack is 65,000 barrels of oil equivalent daily

“I can confirm that. There is no further impact on production, since all production from the swamp area has already been stopped days ago.”

According to NAOC, Nigeria is losing about $3.12 million per pay in revenue each day the NAOC operated facility remains out of production.

Read also: FG begs banks to stop retrenching staff

It would be recalled that earlier attacks on the oilfield on May 18 and 24 resulted in shutdown of some 5,200 barrels of Eni’s equity share of oil output.

Mr Shola Omole, the spokesman for Aiteo, operator of the Nembe Creek Trunk Line that was attacked by Niger Delta Avengers, NDA, on May 28, said some 75,000 barrels of crude production has been shut in because the trunk line has remained out of service.

The Nembe Trunk Line conveys crude to Bonny export terminal.

The Minister of State for Petroleum, Mr Ibe Kachikwu, had said on Thursday that Nigeria’s oil production has fallen to 1.6 million barrels per day before production cuts occassioned by attacks on Agip, Chevron and Shell.

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