Shell lifts force majeure on Nigerian Bonny Light crude exports

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LONDON, Oct 19  – Royal Dutch Shell’s subsidiary in Nigeria, SPDC, lifted force majeure on Bonny Light crude oil exports at noon local time (1100 GMT) on Thursday, a spokesman said.

Shell declared force majeure one month ago following the shutdown of the Nembe Creek Trunk Line, one of the two main pipelines taking Bonny Light grade to the export terminal. Exports have been continuing via the Trans Niger Pipeline.

Aiteo, operator of the NCTL, said on Tuesday that repairs to the pipeline had been completed.

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Godwin Okafor is a financial journalist, Internet Social Entrepreneur and the Founder Naija247news Media Ltd He has over 16 experiences in journalism, which cuts across traditional and digital media. He started his journalism career in Business Day, Where he was a senior editorial graphic artist, before he left to start Naija247news, An Online Financial Newspaper in 2010. He has won series of awards and he is the chairman of Emmerich Resources Limited, the publisher of Naija247news.com and also sits on the board of Students In Business Awards, (SIBA).

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