Shell Petroleum Development Company, SPDC has lifted a force majeure on the export of Nigeria’s largest and best crude oil grade, Bonny Light.
The ban lifting comes after nearly two months.
SweetcrudeReports gathered that the leak on the Nembe Creek trunkline has finally been repaired after the company shut it down in mid-May.
The pipeline is one of the main export routes for Bonny Light.
The shut-in had affected Nigeria’s export of 150, 000 barrels per day of crude oil from the pipeline.
Confirming the lifting, Shell that it “lifted the force majeure on Bonny Light exports following the repair and reopening of the Nembe Creek Trunkline by the operator, Aiteo Eastern E&P Company Limited.”
Nigeria produces between 200, 000bpd and 250, 000bpd of Bonny Light which is also very popular among refiners globally.
Price of Bonny Light which is one of the highest globally has also rubbed off on other key Nigerian grades such as Forcados and Qua Iboe.
Sweetcrude, Lagos
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