Business
Shell shuts Trans Niger pipeline over leak
Nigeria’s dwindling earnings from oil export may have worsened as oil giant, Shell, has announced that it has shut down the Trans Niger Pipeline on Monday due to a leak at Gio, in Ogoniland, Rivers state.
The Shell Petroleum Development Company, SPDC, spokesman, Precious Okolobo, stated this on Tuesday, adding that the company is undertaking a joint investigation visit to determine the cause in preparation for its repair.
Read also: IMF paints grim picture for Nigeria’s economy
Okolobo however did not disclose the volume of crude the shut-in will affect, but the pipeline is estimated to transport 180,000 barrels of crude oil per day to the Bonny exports terminal.
It would be recalled that Shell had just last week lifted the force majeure on Bonny Light exports that was declared on May 11 after a leak was found on the Nembe line.
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