Shell Petroleum Development Company has shut down the Trans Niger pipeline after locating another leak on the line.
This is the second time in less than a month the pipeline is being shut down.
Shell says the shutdown of the Trans Niger pipeline which is a major pipeline in Nigeria will result in a cut of about 150,000 barrels of oil per day.
Nigeria’s total output has been at around two million barrels per day.
On Thursday, the international energy company had said in its monthly review of the oil market that the theft of oil from pipelines in Nigeria had damaged infrastructure, and is one factor in the fall of output by the Organization of Petroleum Exporting Countries (OPEC) of which Nigeria is a member.
