Thursday, June 27, 2019
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Finding shows that loadings of Nigerian Bonny Light crude, which have already been under force majeure for a month may likely experience further delay due to closure of a key pipeline.

Aiteo, operator of Nembe Creek Trunk Line, which carries Bonny Light, revealed that it was closed for repairs. But the Trans Nigerian Pipeline, a second line that carries Bonny Light remains open.

It was not clear when the Nembe Creek pipeline will reopen. Traders said there were at least three tankers due to load Bonny Light with oil deferred from May loading programme. But any liftings would likely be subject to delays of two to three days because of the pipeline closure and this will be second time that the Trunk Line will be shut down while loading suspended.

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