Tuesday, December 21, 2010
Royal Dutch Shell PLC says it has lifted a month-old force majeure on Bonny Light
LAGOS, Nigeria - Royal Dutch Shell PLC says it has lifted a month-old force majeure on Bonny Light imports after stabilizing production in Nigeria's oil-rich southern delta.
A Shell spokesman told The Associated Press on Tuesday that Shell's Nigerian subsidiary had lifted a "force majeure" on its Bonny Light crude shipment on Dec. 14. The term is used when an oil company cannot cover the promised supply from the field.
Tony Okonedo said the decision followed "the repair of the vandalized Trans Niger pipeline and a stabilization of production."
The oil giant declared force majeure on Nov. 19 when the Trans-Niger pipeline was sabotaged at the heels of a military operation that freed 19 hostages.
The Trans Niger pipeline is a major conduit for Shell through Nigeria's oil-rich region.
Posted by Crude Oil Daily at 2:35 PM
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