Exxon Mobil Corp. (XOM.N) in Nigeria has declared force majeure on oil liftings from different terminals in the country.Information Guide Nigeria
According to REUTERS, the company said on Monday in a statement that this is following industrial action by the company’s in-house workers union.
Last year, Nigeria, a member of the Organization of the Petroleum Exporting Countries (OPEC) lost its position as Africa’s top oil producer as companies like Shell PLC (SHEL.L) and TotalEnergies (TTEF.PA) exited the country amid widespread corruption and security issues.NYSC Portal
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The company told Reuters in February, while keeping deep-water assets further from the coast that Exxon has been trying to sell $1.2 billion in shallow-water assets in “challenging” Nigeria.
“We will continue to take all reasonable actions necessary to resolve the impasse as soon as possible,” spokesperson Michelle Gray said in a statement on Monday, REUTERS reports.JAMB Result
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