SEATTLE (Oil Monster): According to a representative for Renaissance Group, the pipeline's owner and operator, Nigeria's Trans Niger Pipeline (TNP) has been completely restored and is now running regularly. After an explosion last week that resulted in a fire, the pipeline has been closed.
The business claims that after blasts destroyed the main link on March 19, the Trans Niger Pipeline (TNP) was redirected to an other line.Before long, things were under control. In order to investigate the causes of the explosion, including possible acts of sabotage, the business had ordered an investigation.
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Numerous instances of pipeline sabotage and crude oil theft have severely impacted Nigeria's oil sector. The nation's actual crude oil production falls well short of its potential for exports. International oil firms including Eni, Shell, ExxonMobil, and Total have shifted to deep-water exploration and retreated from onshore and shallow-water operations in the wake of such occurrences.
According to estimates, oil theft, pipeline damage, and other criminal activities cost Nigeria over N1.29 trillion annually.
As a vital route for the export of crude oil to the Bonny Terminal, the TNP transports Bonny Light crude oil from the Nun River oilfield to Rumuekpe, making it essential for Nigerian crude exports. It is expected that the pipeline can handle about 450,000 barrels per day.