July 15, 2024
Shell resumes oil export at Bonny Oil Terminal
Shell, partners lead in PIA implementation – NUPRC
– By Admin

Kindly Share

Facebook
Twitter
LinkedIn
WhatsApp

By Eyo Nsima
Shell Petroleum Development Company, SPDC, has resumed oil export at the Bonny Oil and Gas Terminal in Rivers state.

The terminal was shut down due to increased pipeline vandalism, oil theft, and illegal refining in the area.
However, in a statement obtained by The Daily, https://thedaily-ng.com, the company disclosed that, “The Shell Petroleum Development Company of Nigeria Limited (SPDC), operator of the SPDC joint venture, has lifted the force majeure on Bonny export programme with effect from Wednesday, March 15, 2023.
“The force majeure was declared on March 3, 2022, following a significant decline in crude receipts at the Bonny Oil and Gas Terminal.”

Meanwhile, Nigeria’s oil production rose month-on-month, MoM by 3.8 per cent to 1.306 million barrels per day, bpd in February 2023, from 1.258 million bpd recorded in the preceding month of January 2023.
The Organization of Petroleum Exporting Countries, OPEC disclosed this in its March 2023 Monthly Oil Market Report, MOMR obtained by Vanguard, noting that this was based on data obtained from direct communication or sources.

OPEC daily basket price stood at $61.70 a barrel

Kindly Share

Facebook
Twitter
LinkedIn
WhatsApp

Copyright @ TheDaily. All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from TheDaily

Leave a Comment

Your email address will not be published. Required fields are marked *

📰 Subscribe to our Newsletter

Scroll to Top