Anglo-Dutch oil giant Shell has shut down two key supply pipelines in NIgeria because of leaks and sabotage and declared a "force majeure" on crude oil exports.
Shell's subsidiary in Nigeria SPDC said in a statement the force majeure became effective from Thursday "following the shutdown of both the Trans Niger Pipeline (TNP) and Nembe Creek Trunkline (NCTL)."
The two pipelines take crude to the Bonny Light exports terminal, one of Nigeria's main oil terminals.
The company said a leak was reported on the TNP at Oloma in southern Rivers state, "while the NCTL is shut down for the removal of crude theft points."
Shell said it was working to repair and reopen the two key pipelines as quickly as possible.
"Force majeure" is a legal term releasing a company from contractual obligations when faced with circumstances beyond its control.
Shell, a major oil operator in Nigeria, did not disclose the volume of output affected by the incident.
The company has blamed repeated oil thefts and sabotage of key pipelines as the major cause of spills and pollution in the oil-producing region.
Crude oil theft or "bunkering" is a major problem in Nigeria, with estimates that the country loses some $6 billion (4.3 billion euros) in revenue every year because of the practice.
Nigeria is Africa's largest oil producer, accounting for more than two million barrels per day.
GMT 12:00 2018 Wednesday ,28 November
6th Gulf Intelligence Oman Energy Forum opensGMT 13:32 2018 Thursday ,22 November
Russia's Sovcomflot considers acquiring LNG-fueled shipsGMT 08:21 2018 Monday ,19 November
Russia expects new joint energy projects with VietnamGMT 09:34 2018 Sunday ,18 November
US, Japan, Australia, NZ to bring electricity to Papua New GuineaGMT 13:27 2018 Wednesday ,17 October
Russia ready to revive energy dialogue with European UnionGMT 23:11 2018 Thursday ,11 October
GCC renewable energy discussed in KuwaitGMT 18:00 2018 Thursday ,11 October
Strategic nuclear forces’ drills held in RussiaGMT 10:47 2018 Wednesday ,10 October
Egypt can generate up to 53% of power sources by 2050Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor