Ad image

Shell reopens Bonny Light crude export pipeline

BusinessDay
1 Min Read

Shell reopened on May 16 the Trans Nigeria pipeline that feeds Bonny Light crude oil to the export terminal, a spokeswoman said on Monday.

The pipeline, which has the capacity to carry 180,000 barrels of crude oil per day, was closed on May 12 following a leak caused by attenpted theft.

There were four to six days of delays on the pipeline, traders said, which could cause some June-loading cargoes to be deferred to July.

Shell has said it did not declare force majeure on loadings.

Share This Article
Follow:
Nigeria's leading finance and market intelligence news report. Also home to expert opinion and commentary on politics, sports, lifestyle, and more