Nigeria’s NNPC expects force majeure on Bonny Light to be lifted ‘very soon’

27 Sep 2017   Nigeria

State-owned Nigerian National Petroleum Corporation expects the force majeure on Nigeria’s Bonny Light crude to be lifted “very soon,” Mele Kyari, group general manager of NNPC’s crude oil marketing division told S&P Global Platts Wednesday. “I cannot give you an immediate time frame but I know that it will be very soon,” as soon as repair works are completed, Kyari said in an interview on the sidelines of the the APPEC conference in Singapore. Asked whether the force majeure will be lifted in October, he said “it is very likely yes.” Force majeure was declared September 16 on Nigeria’s Bonny Light crude, due to issues affecting one of the two major pipelines leading into the grade’s terminal, a spokesman for terminal operator Shell Petroleum Development Co. of Nigeria, or SPDC, has said. Article continues below… The Association of Southeast Asian Nations is set to have a significant impact on […]

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