Shell Nigeria declares force majeure on Forcados oil exports

|By:, SA News Editor

Royal Dutch Shell's (RDS.A, RDS.B) Nigerian unit says it declared force majeure on the shipping of the Forcados oil blend from Nigeria after it shut an export pipeline due to a leak caused by oil thieves.

The force majeure took effect this morning due to ongoing repairs on the pipeline at the Forcados terminal in the western Nigeria Delta.