Royal Dutch Shell (RDS.A) shuts its Imo River oil pipeline in Nigeria due to damage caused by...

|About: Royal Dutch Shell plc (RDS.A)|By:, SA News Editor

Royal Dutch Shell (RDS.A) shuts its Imo River oil pipeline in Nigeria due to damage caused by thieves and defers 25K boe/day of production, the latest in a growing list of production problems for Africa's biggest oil exporter. Exxon (XOM) said over the weekend it had shut a pipeline off the coast of Nigeria's Akwa Ibom state after an oil leak but didn't specify the cause of the spill.