The Fuel Price Debate

Police officers try to remove activists from the Bharatiya Janata Party (BJP) as they block a road to protest against a price hike in petrol in Chandigarh May 24, 2012. REUTERS/Ajay Verma

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CORRECTED - UPDATE 1-Nigerian Antan crude under force majeure -source

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Fri Jul 17, 2009 11:57pm IST

* Addax declares force majeure on Antan exports -source

* Seven Nigerian crude streams under force majeure

(Corrects attribution throughout to a source close to Addax, not Addax itself. Adds there is no official confirmation)

(adds details)

LONDON, July 17 (Reuters) - A source close to Addax Petroleum Corp AXC.TO said on Friday it had declared force majeure on its Nigerian Antan crude oil exports from Thursday due to production problems.

The source said Addax was investigating the situation but the amount of crude oil output affected was not yet known. The problem was not thought to have been caused by any militant involvement.

There was no official confirmation from the company and a spokesman could not be contacted for comment.

Antan was due to export 70,000 barrels per day of crude oil in August.

The latest case would bring to seven the number of force majeures currently in place on Nigerian crude oil streams. On Thursday Total SA (TOTF.PA) declared force majeure on its Amenam crude oil output due to technical issues. [ID:nLG257243] (Reporting by Joe Brock and Christopher Johnson; Editing by William Hardy and Anthony Barker)

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