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Shell Declares Force Majeure on Nigeria Bonny Light Crude Oil Exports
Aug. 23, 2011 12:28PM PST
Oil and Gas InvestingBloomberg 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.