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BUZZ-Shell declares force majeure on Nigerian Bonny Light oil exports

Fri, 14th Jul 2017 11:07


July 14 (Reuters) - * The local subsidiary of Royal Dutch Shell Plc in Nigeria declared force majeure on Bonny Light crude oil exports effective 12:00 local time on Thursday, the company said in a statement on Friday

* The Shell Petroleum Development Company of Nigeria Ltd said the declaration followed the shutdown by operator Aiteo of the Nembe Creek Trunk Line, one of two pipelines that export the grade

* Bonny Light was under force majeure in June due to the outage of the other export line, the Trans Niger Pipeline, delaying export cargoes by roughly 10 days

* Exports of Bonny Light were set at 164,000 barrels per day (bpd) in July and 226,000 bpd in August

For more oil oil outages: Further company coverage: (Reporting by Libby George)



(c) Copyright Thomson Reuters 2017. Click For Restrictions - http://about.reuters.com/fulllegal.asp





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