Shell Halts Some Nigeria Oil Shipments After Attack
Royal Dutch Shell PLC (RDSA) Monday said a recent militant attack on a Nigeria oil pipeline had forced it to halt deliveries to many customers, in an indication of the worsening security situation in one of Shell’s most important markets.
“This force majeure was called Saturday after an explosion on a pipeline” caused by militants a week before, Shell spokesman Rainer Winzenried said.
The declaration, which protects Shell from lawsuits for not meeting oil deliveries to customers due to actions outside the company’s control, is expected to be in place for the rest of March and all of April, Winzenried said. (CNN)
