By Elisha Bala-Gbogbo – Jan 3, 2012 5:25 PM GMT
Royal Dutch Shell Plc (RDSA) shut oil flows of 70,000 barrels a day from the Nembe Creek Trunkline in Nigeria due to a leak caused by the theft of crude.
The pipeline, which supplies the Bonny export terminal, was halted Dec. 24. Shell is working on completing repairs before the end of the month.
What is really worrying about this leak is that it happened on a facility which was commissioned in October 2009 to replace an old line which was repeatedly targeted by crude oil thieves, Tony Attah, Shells vice president in charge of health, safety and environment, said today in an e-mailed statement.