Trade

Nigeria: Shell lifts force majeure on Bonny light crude oil exports

Wednesday, 07 September 2016 12:09

(Ecofin Agency) - Shell Nigeria has lifted a force majeure it placed on bonny light crude oil exports on August 12, 2016 due to a shutdown of a Niger Delta pipeline following a leak.

According to the company, this move is coming after the Nembe Creek Trunk Line was re-opened by the operator Aiteo, Energy Voice reports.

Shell declared the force majeure a month after the company ended the recent force majeure on Bonny Light following the revamping of another a leak on the same pipeline.

A Shell Petroleum Development Company of Nigeria Ltd (SPDC) spokeswoman had said that Bonny Light exports were ongoing through the Trans Niger Pipeline, which had reopened after being closed since early June.

Bonny Light is Nigeria’s fourth oil grade placed under force majeure as the country battles with attacks by militant that have weakened oil production and exports. Previously, the country's largest export stream, Qua Iboe, was placed under force majeure as well as the Forcados and Brass River.

Attacks in the Niger Delta region have resulted in the country losing more than 700,000 bpd of oil production.

Anita Fatunji

 
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