Hope for the addition of 500,000 barrels per day (bpd) of crude oil to Nigeria’s daily output by the end of November to earn more revenue to finance the 2023 budget, has risen as Shell Petroleum Development Company Limited (SPDC) Thursday resumed crude oil exports at the Forcados Oil Terminal. The resumption of operations at the 400,000 barrels per day export terminal came ahead of the October 30 schedule, when the oil giant had stated that the essential repairs would have been completed. A spokesman of Shell Nigeria, Mr. Bamidele Odugbesan confirmed late in the night “that essential repairs at Forcados Oil Terminal are complete and export operations have resumed on October 20, 2022.” SPDC’s Media Relations Manager, Abimbola Essien-Nelson, had in a statement last week disclosed that repair works on the Forcados Oil Terminal would be completed by the end of the month. “In addition to the repairs, […]