W. Africa Crude-Oil leak shuts local production as Nigerian sales struggle
LONDON, June 19 (Reuters) -An oil leak shut production at a facility in Nigeria on Wednesday while crude sales from Africa's number one exporter continued to struggle amid tough competition.
* Nigerian energy firm Aiteo has shut down all production at oil mining lease (OML) 29 after it detected an oil leak at its Nembe swamp facility, it said.
* Offers for Nigerian crude remained under pressure due to supply from the United States going into Europe, especially for lighter crude grades.
* Nigeria's state oil company NNPC Ltd and TotalEnergies will invest $550 million to develop a gas processing facility in southern Rivers state to boost exports and domestic supplies, an NNPC source said on Wednesday.
* Term allocations have yet to emerge for Angola's August-loading crude oil cargoes.
Reporting by Noah Browning. Editing by Jane Merriman
WEST AFRICA CRUDE OIL DIFFERENTIALS AND OUTRIGHT PRICES: 0#BFO-DIF 0#C-E Bonny Light BFO-BONBON-E Cabinda BFO-CABCAB-E Forcados BFO-FOCFOC-E Qua Iboe BFO-QUAQUA-E CRUDE ARBITRAGE STORIES O/CRUDEARB CRUDE OIL TRADES CRU/T NORTH SEA CRUDE REPORT CRU/E MEDITERRANEAN CRUDE CRU/MED 7 W Africa Asia crude exports, monthly O/WAFRICA1 New African oilfields AFR/NEW ENERGY speed guide CRUDE/1 crude speed guide NYMEX crude 0#CL: ICE crude 0#LCO:OPEC NSEA North Sea CRU crude oil PROD oil products DRV derivatives PRO/E European products O/L Latest ICE O/N Latest NYMEX OILOIL NYMOIL, IPEOIL, OILSPD, OILARB CRDWLDPRODEUR))
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