Royal Dutch Shell on Monday announced that a declaration of force majeure remained in place on shipments of Nigerian Bonny Light crude oil.
Shell’s Nigerian subsidiary, Shell Petroleum Development Company of Nigeria Ltd (SPDC) said on May 17 it had declared force majeure on exports of Bonny light following a shutdown on the Nembe Creek Trunk Line stream.
Exports of Bonny Light are expected to run at around 195,000 barrels per day next month, making it Nigeria’s third-largest crude oil stream, behind Forcados and Qua Iboe.
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