Sunday, August 03, 2008

Shell: Nigeria loses 220,000 bpd crude to militant attacks

LAGOS, Aug. 1 (Xinhua)-- At least 220,000 barrels per day (bpd)of crude production in Nigeria is shut in because of militant attacks, Royal Dutch Shell said Thursday, according to a report by Channels TV news Friday.

Jeroen Van Der Veer, Shell Chief Executive Officer, said Thursday the loss includes 42,000 barrels following a pipeline attack on July 28.

In the second quarter of the year, 195,000 barrels a day of production was halted, the same volume as the first quarter, he was quoted as saying.

Shell declared force majeure on bonny light crude deliveries in July, August and September following the sabotage, for which the militant group MEND has claimed responsibility.

Force majeure is a legal clause allowing producers to miss contracted deliveries because of circumstances beyond their control.

Shell: Nigeria loses 220000 bpd crude to militant attacks
Xinhua, China -