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.