Nigeria Exports Take Another Hit

Thursday, May 12, 2016

The hits, and not the pleasant kind, keep striking Nigeria’s production. The most recent hit for the West African country’s flows was a force majeure declared on exports from the Bonny Light pipeline.

Shell’s Nigerian unit declared the force majeure on the export pipeline, citing a leak which has closed the Nembe Creek Trunk line.

This is just the latest disruption that has pushed Nigeria’s production levels to two-decade lows, and follows the force majeure on Forcados crude which is likely to last until June.

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