SHELL PUTS AN END TO FORCE MAJEURE ON NIGERIAN BONNY LIGHT CRUDE EXPORTS

SHELL PUTS AN END TO FORCE MAJEURE ON NIGERIAN BONNY LIGHT CRUDE EXPORTS

Reporting May 2, 2019 0 182 Add to Reading List

Originally published on July 17th, 2018

Royal Dutch Shell confirms it lifted force majeure on Nigerian Bonny Light crude oil exports on Friday

The company reveals it “lifted the force majeure on Bonny Light exports following the repair and reopening of the Nembe Creek Trunkline by the operator, Aiteo Eastern E&P Company Limited.”

Recall that Shell’s local subsidiary, SPDC declared force majeure on May 17 following the shutdown of the Nembe Creek Trunk line.

Nembe Creek is one of two main pipelines that carry Bonny Light oil to the export terminal.

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Since the closure of borders , there have been noticed changes in both production capacities and prices of goods e.g agricultural produces and products especially , would you say the changes have been largely positive?

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