Shell Petroleum Development Company (SPDC) on Sunday morning shutdown its 28-inch Bomu-Bonny Trunkline after fire was discovered on it early that morning.
Due to the theft of crude oil from the line, a burning vessel thought to be involved in the theft from the line, was sighted near the site of the incident, this line conveys crude oil to Bonny Terminal.
While the official statement released by the company states that it was mobilizing to fight the fire and would investigate the cause and carry out repairs as soon as possible.
Being the Nigeria's benchmark crude, Bonny Light, is used to price other grades of oil, and makes up around 10% of Oil exports of Nigeria, Nigeria was due to export about 205,000 bpd of Bonny Light come November and increase to 229,000 bpd by October, being gasoline-rich and popular with U.S. refiners, according to provisional loading programs.
Oil theft being the major problem in Niger Delta region, Shell estimated about 150,000 bpd of oil being stolen by gangs who tap into pipelines and siphon off industrial quantities of oil, while some of the siphoned oil is refined locally, the rest is ferried to larger ships offshore.
(Edited by: Blueblock)
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