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Shell says close to finishing new Nigeria pipeline

LAGOS | Mon Aug 30, 2010 7:52am EDT

LAGOS Aug 30 (Reuters) – Royal Dutch Shell (RDSa.L) said on Monday its Nigerian joint venture was close to completing a new $1.1 billion pipeline to the Bonny export terminal which will have a capacity of 600,000 barrels per day (bpd).

“The new 97-kilometre Nembe Creek Trunkline will have a capacity to transport 600,000 barrels per day from 14 flowstations in the Niger Delta to the Bonny export terminal in Rivers State,” the company said in a statement.

REUTERS ARTICLE

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