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Friday, Aug 23
Nigerian military says Shell pipeline leak caused by corrosion
- Nigeria's military alleges that a leak discovered on a pipeline operated by Royal Dutch Shell's (RDS.A, RDS.B) Nigerian unit was caused by corrosion; Shell says it is too soon to determine a cause, but spill containment measures have been put in place.
- Shell has reported ~105 oil spills in the Niger Delta this year, and says all but eight were caused by sabotage or oil theft.
- Supply disruptions in Nigeria cost Shell $250M in Q2, the company said.