LONDON Nigeria’s last remaining shuttered oil terminal is resuming exports just days before the West African nation heads into OPEC talks – potentially awkward timing for a country that was exempt from the first round of output cuts.
A second vessel, the Densa Orca, arrived on Monday at the Forcados terminal after the Astro Perseus tanker loaded the first cargo in seven months late last week. At least one additional tanker is expected to load a cargo of Forcados this month. As a result, exports of the grade could return to their usual 200,000-240,000 barrels per day (bpd) by June, bringing Nigeria’s production nearly back to levels seen before militant attacks in 2016.
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