Wednesday, 21 January 2015

VANDALISM FORCES A SHUTDOWN OF $1.1BN NEMBE CREEK PIPELINE

989-Precious-Okolobo.jpg - 989-Precious-Okolobo.jpgBarely two months after Shell Petroleum Development Company (SPDC) completed the sale of the $1.1 billion Nembe Creek Trunkline (NCTL) to Aiteo-led consortium, Shell has shut down the facility due to vandalism.

The NCTL and the Trans Niger Pipeline (TNP) are the company’s two major pipelines in Eastern Niger Delta that transport crude oil from the company and third parties to the Bonny Export Terminal in Rivers State.
 
 
 

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