Thursday, September 2, 2010

Shell says $1.1 billion Nigerian crude-oil pipeline nearing completion

PORT HARCOURT - Royal Dutch Shell Plc’s Nigerian unit said it “is close to completing” a $1.1 billion pipeline that can transport 600,000 b/d of crude oil to its Bonny export terminal on Nigeria’s Atlantic coast.
The 60-mile Nembe Creek pipe collects crude oil from 14 oil pumping stations and is part of a program to replace old pipelines in the Niger River delta, the company said in an e-mailed statement.
Shell, which has replaced more than 1,000 kilometers of pipeline in Nigeria in the last five years, said the improvements “will have only limited impact on oil spills, until widespread oil theft, sabotage and vandalism” abates.
While attacks on pipelines have been reduced since thousands of fighters accepted a government amnesty last year and disarmed, Shell has reported an increase in the activities of oil thieves who bunker or tap crude from pipelines for sale to vessels waiting offshore.

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