Oil workers repairing pipelines at Okrika Jetty in River State Nigeria. PHOTO/File
Exxon Mobil PLC 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 Exxon Mobil Nigerian subsidiary said in a statement late 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.
Exxon Mobil said it was
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