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    Shell Declares Force Majeure on Nigeria Bonny Light Crude Oil Exports

    Investing News Network
    Aug. 23, 2011 12:28PM PST
    Oil and Gas Investing

    Bloomberg reports that Royal Dutch Shell Plc’s (NYSE:RDS.A) Nigerian unit declared force majeure on its Bonny Light crude oil exports.

    Bloomberg reports that Royal Dutch Shell Plc’s (NYSE:RDS.A) Nigerian unit declared force majeure on its Bonny Light crude oil exports.

    The market news is quoted as saying:

    Shell shut its Adibawa pipeline yesterday in the southern Bayelsa state after saboteurs cut crude lines and has begun repair works on the link.

    Click here to access the entire news

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