Shell Declares Force Majeure On Bonny Light
Royal Dutch Shell on Friday, declared force majeure on the export of Nigeria’s Bonny Light crude oil grade.
The declaration which was confirmed by the Anglo-Dutch company’s local subsidiary, Shell Petroleum Development Company, is effective from Thursday.
The force majeure follows the shutdown by operator Aiteo of the Nembe Creek trunk line, one of two pipelines which exports Bonny Light crude grade.
Exports of Bonny Light were set at 164,000 barrels per day in July and 226,000 barrels per day for August.
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