(Adds April loading program details, quotes)
NEW YORK Feb 22 Exxon Mobil Corp has
lifted a force majeure on the Nigerian Qua Iboe crude stream put
in place on Feb. 7, the company said in a statement on Friday.
The company said that pipeline work had prompted the
"Mobil Producing Nigeria, operator of the Nigerian National
Petroleum Corporation, (NNPC)/MPN Joint Venture today confirms
that it has lifted the Force Majeure it declared on February 7,
2013," the company said in a statement.
"We express gratitude to all customers, purchasers and Joint
Venture partner, the NNPC for their understanding during the
temporary disruption in supply," it said.
Earlier on Friday, trade sources said exports of the key
benchmark grade will be down by nearly 40 percent in April as
the force majeure had cut oil flows from Africa's top producer.
The country will export around 222,000 barrels per day of
Qua Iboe in April, trade sources said, down from a planned
368,000 bpd in March.
A trade source said that around four Qua Iboe cargoes from
March had been deferred to April and that delays were between
four and 12 days.
The OPEC member suffered major outages late last year due to
rampant oil theft and the worst floods Nigeria had seen in 50
Nigeria typically produces around 2 million to 2.4 million
bpd, and its oil is sold to customers in the United States and
(Reporting by Matthew Robinson and David Sheppard in New York,
Emma Farge in Geneva; Editing by Gerald E. McCormick and Gunna