• SA is being scammed!

    Former struggle heroes are now emptying state coffers to benefit foreign scammers, says Solly Moeng.

  • A burning issue

    The Knysna fires have shown that SA needs to be fire-aware and wary, says Mandi Smallhorne.

  • True economic freedom

    Harping on inequality and repressive rich people deflects attention from the real issues, say analysts.

All data is delayed
Loading...
See More

Exxon Mobil to miss production target

Feb 08 2013 17:01
AFP

Lagos - Exxon Mobil has warned that it won't be able to meet its production forecast for Qua Iboe crude oil pumped from Nigeria due to pipeline repair work.

The oil major's Nigerian subsidiary said in a statement late on Thursday it had declared a "force majeure" warning for shipments of its Qua Iboe crude oil - meaning the company cannot cover the promised supply from the field.

The company said it was working to repair a section of a major pipeline and that production continues in fields which aren't affected by the damaged pipeline.

The statement did not say when the lines would be running at capacity again.

Nigeria, which produces more than 2 million of barrels of oil a day, is a top crude oil supplier to the US.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

exxon mobil  |  nigeria  |  oil

NEXT ON FIN24X

Behind the sparkle

2017-06-06 10:23

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.
 

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

WhatsApp group admins in SA could face jail time their jobs

Previous results · Suggest a vote

Loading...