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Shell may close Nigeria pipeline

Monday, March 04 08:01:53

Royal Dutch Shell may be forced to shut down "completely" the Nembe Creek pipeline in Nigeria due to persistent oil theft, the company's local unit said today.

Previous outages on that pipeline have deferred around 150,000 barrels per day (bpd) of production from Africa's largest producer, Shell said in a statement.

"The situation in the last few weeks is unprecedented. The volume being stolen is the highest in the last three years; over 60,000 bpd from Shell alone," Managing Director of Shell Nigeria Mutiu Sunmonu said. ( C) Reuters

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