Jun 9 2016, 17:26 ET | By: Carl Surran, SA News Editor
Nigeria’s Trans Niger Pipeline, one of two major pipelines that carries the Bonny Light crude grade for export, was shut down yesterday after a leak was found, Upstream reports.
Royal Dutch Shell (RDS.A, RDS.B), one of TNP’s partners, confirmed that the pipeline had shut down but declined to comment further; the other partners are Total (NYSE:TOT), Eni (NYSE:E) and Nigerian National Petroleum Corp.
The shutdown comes just as repairs were completed on the Nembe Creek Trunk Line that also moves Nigeria’s major export grade.
Meanwhile, Nigeria reports that its March crude oil production fell to just above 1.8M bbl/day, its lowest monthly level in at least a year and down more than 3% from February’s 2M-plus bbl/day; Angola has now surpassed Nigeria as Africa’s largest crude oil exporter.
Now read: Royal Dutch Shell: This Is Another Opportunity »
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