Shell Nigeria has lifted the latest force majeure off its Bonny Light exports, which was introduced a month ago after a leak was discovered in one of the two pipelines that carry the grade to the company’s Bonny export terminal. This was the latest in a string of force majeure events over the last year for the crude oil grade, prompted by either bombings of pipeline infrastructure or other issues such as vandalism and oil theft. The grade is widely used by European and American refineries, which makes Bonny Light an important source of revenues for Nigeria. Normally, Shell exports around 230,000 bpd of Bonny Light crude from the Bonny Island terminal. The repeated force majeures have disrupted the normal rate of operation of the terminal, and for now it remains unclear how much Bonny Light Shell’s Nigerian subsidiary will export in the next two months. The Bonny Light […]