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Royal Dutch Shell Shuts Nigeria Nembe Creek Oil Pipeline

Extract from a Wall Street Journal article by Obafemi Oredein published 27 Feb 2014

Screen Shot 2013-09-29 at 23.38.41BADAN, Nigeria–Royal Dutch Shell PLC’s (RDSA) Nigerian unit said Thursday that the Nembe Creek Trunk oil pipeline was shut down to stop leakage caused by oil theft. Shell said the pipeline was replaced in December 2010 at a cost of $1.1 billion but has been repeatedly targeted by crude thieves since it was commissioned.

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