Aiteo reopens Nigeria’s Nembe Creek Trunk Line oil exporting pipeline

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Lagos Nigeria, May 3 – Nigerian energy group Aiteo has reopened the oil-exporting Nembe Creek Trunk Line, the company said in a statement, after closing it on April 21 due to a fire.

The pipeline is one of two that exports Bonny Light crude oil. Royal Dutch Shell, which operates the export terminal, declared force majeure last week on the oil grade due to the pipeline closure.

Shell did not immediately respond to a request for comment on the status of its exports.

Aiteo produces 150,000 barrels of oil per day.

Aiteo Group is an integrated, global-focused Nigerian energy conglomerate founded in February 2008 by Benedict Peters.

The company has significant business interests in oil and gas exploration and production; bulk petroleum storage; refining of petroleum products; trading, marketing and supply as well as power generation and distribution. Its subsidiaries are Aiteo Eastern Exploration and Production Company Limited (AEEPCo) and Aiteo Power. Aiteo Group acquired OML 29 from Royal Dutch Shell and emerged as Nigeria’s leading oil and gas company after successfully tripling production levels.

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.