Nigeria’s NCTL pipeline exporting Bonny Light crude, under force majeure – Aiteo

Date:

LAGOS, Sept 17 (Reuters) – Nigeria’s Nembe Creek Trunk Line (NCTL), which exports Bonny Light crude oil, was shut down and placed under force majeure last week, a spokesman for operator Aiteo said on Tuesday.

Thank you for reading this post, don't forget to subscribe!

The spokesman did not give a reason for the shutdown.

The pipeline is one of two that exports Bonny Light, so the terminal is currently loading only from the Trans Niger Pipeline, a spokesman for terminal operator Shell said.

Reuters reports that a spokesperson for Iteo – an indigenous petroleum exploration and production company, revealed this on Tuesday.

According to the official, the pipeline which conveys between 100,000 and 150,000 barrels of oil per day, was shut down last week.

No reason was, however, offered for the latest fault on the important crude oil transport channel, which delivers the product to the Bonny Export Terminal in Port Harcourt – the Rivers State capital.

Reuters quotes a source in Shell as saying that the Trans-Niger pipeline was the only conduit for the much sort after Bonny light.

NCTL was in April 2019 put under force majeure due to a fire outbreak. The pipeline was reopened in May and has now been shut down again.

Emman Tochi
Emman Tochihttps://naija247news.com
Emma Tochi is Naija247news Media Northern Bureau Chief, he's based in FCT Abuja. He overseas the northern operations of this business media

Share post:

Subscribe

Popular

More like this
Related

FG directs banks to deduct 0.375% stamp duty charges on all loans

March 28, 2024. Azonuchechi Chukwu. The Federal Government has directed commercial...

INEC disowns Anambra LP convention

28 Mar,2024 The Independent National Electoral Commission (INEC) has disowned...

NDPC investigating over 400 cases of privacy breaches Involving digital lenders

March 28, 2024. Azonuchechi Chukwu. The Nigeria Data Protection Commission (NDPC)...

LASG releases land use charge bill for 2024, offers 15% discount on early payments

March 28, 2024. Azonuchechi Chukwu. The Lagos State Ministry of Finance...
Social Media Auto Publish Powered By : XYZScripts.com

Discover more from Naija247news

Subscribe now to keep reading and get access to the full archive.

Continue reading