Exxon (XOM) Declares Force Majeure at Qua Iboe Terminal
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Exxon Mobil (NYSE: XOM) is declaring force majeure on Nigerian crude loadings, according to reports Thursday.
The call was made as work on a pipeline facility has led to difficulty in meeting projected liftings.
The company has notified appropriate regulatory agencies and purchases, said Exxon GM Paul Arinze.
Qua Iboe terminal operations will continue. Shares of Exxon are down about 1.4 percent.
The call was made as work on a pipeline facility has led to difficulty in meeting projected liftings.
The company has notified appropriate regulatory agencies and purchases, said Exxon GM Paul Arinze.
Qua Iboe terminal operations will continue. Shares of Exxon are down about 1.4 percent.
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