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Posts on ‘August 11th, 2006’

MarketWatch: Shell confirms bonny oil flowing at Nigeria pipeline

Last Update: 5:18 PM ET Aug 10, 2006

LONDON (MarketWatch) — Oil has started flowing again through a Nigerian pipeline that carries Bonny Light crude produced in a joint venture by Royal Dutch Shell PLC (RDSA), Nigerian oil sources said Thursday.

Shell declared force majeure on 180,000 barrels a day of oil output late July following an unexplained leak at the pipeline.

A spokeswoman for Shell in London also confirmed the pipeline was back in use Thursday. “A temporary measure is in place and this means that oil has started flowing again,” a source with state-run Nigerian National Petroleum Corp., told Dow Jones Newswires. read more

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