Shell declares force majeure on Nigerian Bonny Light crude

Oliver Haill Sharecast | 14 Jul, 2017 12:45 | | |

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Royal Dutch Shell has declared force majeure on Bonny Light crude oil exports in Nigeria, meaning be temporarily exempt from contractual obligations.

The Anglo-Dutch company's local subsidiary, Shell Petroleum Development Company of Nigeria, made the declaration effective from midday local time on Thursday, the group confirmed in a statement on Friday.

This followed the shutdown by operator Aiteo of the Nembe Creek Trunk Line, one of two pipelines that export Bonny Light crude.

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