Emmanuel Mayah: 18 FEB 2016
Nigeria’s crude oil export operation has suffered a serious setback following a major crack-up of a giant underwater pipeline at the Forcados export terminal.
Following the incident, crude oil lifting has now been suspended at that platform, officials said.
The pipeline, described as a big artery in the nation’s oil production was said to have suffered a huge rupture under circumstances that are at the moment still hazy.
Nigeria is already bleeding from the impact of low oil prices, with revenue dipping month after month.