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Thursday, August 27, 2015

Nigeria's Bonny Terminal Shut Down -- August 27, 2015

Tweeting now: Shell declares FM on crude oil exports from Bonny terminal in Nigeria's Niger Delta, following shutdown of lines supplying crude to site.

Link here
The SPDC JV on Thursday declared a force majeure on Bonny Light exports effective August 27, 2015 following the shutdown of both the Trans Niger Pipeline (TNP) and Nembe Creek Trunkline (NCTL).
The SPDC spokesman, Precious Okolobo, in a statement, said “A leak was reported on the TNP at Oloma in Rivers State, while the NCTL is shut down for the removal of crude theft points.
“SPDC is working to repair and reopen the two lines as quickly as possible,” he added.
When one does a google search, it appears this is not particularly unusual for this terminal to be shut down. 

To some extent, for Nigeria, this may simply be "business as usual." It may be a force majeure for Shell, but will have little to no effect on the rest of the world. But just in case, I'm going to fill up my car with gasoline later this afternoon.

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