Shell Declares Force Majeure on Nigeria Bonny Light Crude Oil Exports
Investing News Network - August 23rd, 2011
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.