ABUJA, June 25 (Reuters) - U.S. oil major Chevron (CVX.N: Quote, Profile, Research) declared a force majeure on its Nigerian Escravos crude oil exports after armed youths blew up a supply pipeline last week, a company official said on Wednesday.

"There has been no impact on Chevron's offshore production and Escravos terminal is still operating," said spokeswoman Margaret Cooper.

"However, we have declared force majeure because production losses will result in delayed loadings of a few cargoes at the terminal."

The legal clause frees the U.S. company from its contractual obligations. ... Read full article