OTCPK:MAUXF - Post by User
Post by
zeus55on Oct 04, 2013 5:54pm
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Post# 21792742
Shell lifts force majeure
Shell lifts force majeure ABUJA (Reuters) - Royal Dutch Shell has lifted a force majeure on Nigerian Bonny Light crude oil exports which was declared in April after the shut down of a 150,000 barrel per day pipeline, the company said on Friday.
Africa's biggest oil exporter has been producing around 15 percent below its 2.5 million bpd (bpd) capacity this year due to widespread oil theft and leakages from ageing pipelines.
"The force majeure on Bonny Light exports was lifted effective 1600 hours Thursday October 3 following the re-opening of the 24-inch TNP (Trans Niger Pipeline)," a statement said.