{"id":15671,"date":"2019-09-19T17:06:35","date_gmt":"2019-09-19T17:06:35","guid":{"rendered":"https:\/\/www.africa-press.com\/nigeria\/?p=15671"},"modified":"2019-09-19T17:06:35","modified_gmt":"2019-09-19T17:06:35","slug":"nigerias-oil-exports-threatened-over-nembe-pipeline-closure","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/all-news\/nigerias-oil-exports-threatened-over-nembe-pipeline-closure","title":{"rendered":"Nigeria\u2019s oil exports threatened over Nembe pipeline closure"},"content":{"rendered":"

Export of Nigeria\u2019s Bonny Light crude has been under force majeure since Friday, following the closure of the Nembe Creek Trunk Line (NCTL), the terminal operator, Shell, said yesterday.<\/p>\n

The force majeure has been in place since Friday morning, following \u201cthe shutdown of the NCTL and declaration of a force majeure by the NCTL operator, Aiteo,\u201d a spokesperson said.Nigeria\u2019s 150,000 b\/d Nembe Creek Trunk line, a key oil pipeline connected to the Bonny terminal, has persistently been targeted by militants.<\/p>\n

The Bonny terminal gets its crude from two pipelines- the NCTL and the Trans Niger pipeline, with flows on the latter line still running, according to trading sources.<\/p>\n

A source said the impact of the force majeure would likely be limited given the terminal was still receiving crude. \u201cLoadings will continue, albeit delayed. We have a cargo affected and are awaiting advice from NNPC regarding the cargo delays,\u201d the source said.<\/p>\n

\u201cInevitably delays now will ripple through the balance of the September and October programs. But my guess is it will amount to no more than one cargo, perhaps two, pushed from late October into November.\u201dBonny Light loadings in September and October are scheduled to average 246,667 b\/d and 275,807 b\/d, respectively, according to S&P Global Platts tracking data.<\/p>\n

Bonny Light was assessed at a premium of $1.45\/b to Dated Brent on Tuesday, down 10 cents\/b from a week ago, according to Platts data.Bonny Light, one of Nigeria\u2019s key export grades, is popular with refiners globally, with production ranging around 250,000 b\/d in the past year.It is a light sweet crude with a gravity of 35.3 API and sulfur content of 0.15%. It was under force majeure earlier this year and three times last year due to pipeline leaks caused by attacks by militants.<\/p>\n","protected":false},"excerpt":{"rendered":"

Export of Nigeria\u2019s Bonny Light crude has been under force majeure since Friday, following the closure of the Nembe Creek Trunk Line (NCTL), the terminal operator, Shell, said yesterday. The force majeure has been in place since Friday morning, following \u201cthe shutdown of the NCTL and declaration of a force majeure by the NCTL operator, […]<\/p>\n","protected":false},"author":62,"featured_media":2577,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[434,855,228],"class_list":["post-15671","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-nnpc","tag-oil-exports","tag-oil-production"],"yoast_head":"\nNigeria\u2019s oil exports threatened over Nembe pipeline closure - Nigeria<\/title>\n<meta name=\"description\" content=\"Export of Nigeria\u2019s Bonny Light crude has been under force majeure since Friday, following the closure of the Nembe Creek Trunk Line\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/all-news\/nigerias-oil-exports-threatened-over-nembe-pipeline-closure\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigeria\u2019s oil exports threatened over Nembe pipeline closure\" \/>\n<meta property=\"og:description\" content=\"Export of Nigeria\u2019s Bonny Light crude has been under force majeure since Friday, following the closure of the Nembe Creek Trunk Line\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/all-news\/nigerias-oil-exports-threatened-over-nembe-pipeline-closure\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2019-09-19T17:06:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/upload\/sites\/3\/2019\/01\/oil-rig-4.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"907\" \/>\n\t<meta property=\"og:image:height\" content=\"535\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"alico\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"alico\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/nigerias-oil-exports-threatened-over-nembe-pipeline-closure#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/nigerias-oil-exports-threatened-over-nembe-pipeline-closure\"},\"author\":{\"name\":\"alico\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/50afd2ef4f0e900bd0a176404a8484a7\"},\"headline\":\"Nigeria\u2019s oil exports threatened over Nembe pipeline closure\",\"datePublished\":\"2019-09-19T17:06:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/nigerias-oil-exports-threatened-over-nembe-pipeline-closure\"},\"wordCount\":310,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/nigerias-oil-exports-threatened-over-nembe-pipeline-closure#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/upload\/sites\/3\/2019\/01\/oil-rig-4.jpg\",\"keywords\":[\"NNPC\",\"oil exports\",\"Oil Production\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/all-news\/nigerias-oil-exports-threatened-over-nembe-pipeline-closure#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/nigerias-oil-exports-threatened-over-nembe-pipeline-closure\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/nigerias-oil-exports-threatened-over-nembe-pipeline-closure\",\"name\":\"Nigeria\u2019s oil exports threatened over Nembe pipeline closure - 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