Nigeria’s crude oil export rises by 150,000 bpd

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Shell Oil spill in the Delta region of Nigeria. The local tribe, the Ijaw, complain of loosing their fishing as a result as well as having their water source poisoned. They also recieve no compensation from Shell's poor pipeline maintenance.

The export of crude oil from Nigeria has been increased by 150,000 barrels per day (bpd) following the completion Nembe Creek Trunk Line maintenance.

Aiteo, an indigenous oil and gas company that handled the rehabilitation of the pipeline disclosed yesterday that work has been completed to pave way for resumption of export.

The resumption of export, it was gathered has increased the nation’s total export to about 2.3 million bpd, thus enhancing the implementation of the nation’s N7.4 trillion 2017 budget.

Vanguard gathered that the force majeure earlier place to protect the oil company from any liability may be lifted this week.

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Godwin Okafor is a financial journalist, Internet Social Entrepreneur and the Founder Naija247news Media Ltd He has over 16 experiences in journalism, which cuts across traditional and digital media. He started his journalism career in Business Day, Where he was a senior editorial graphic artist, before he left to start Naija247news, An Online Financial Newspaper in 2010. He has won series of awards and he is the chairman of Emmerich Resources Limited, the publisher of Naija247news.com and also sits on the board of Students In Business Awards, (SIBA).

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