Workers: Force majeure at ExxonMobil Nigeria may last weeks
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ExxonMobil workers say the force majeure — or freedom from contractual obligations because of extraordinary circumstances — declared by the U.S.-based oil multinational on Nigeria's largest crude stream could last a month.
They say that's because of extensive damage to its 300,000 barrel-a-day Qua Iboe export terminal.
ExxonMobil has denied that militants bombed the facility. But a company security official said Friday the damage is too great for a system failure. Three workers spoke on condition of anonymity for fear of losing their jobs.
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Futures sales of Nigerian oil have been affected by frequent declarations of force majeure. Qua Iboe terminal just restarted production after a month-long force majeure in June following an attack.
The militants want a bigger share of oil wealth for residents of the southern oil-producing region,