Shell lifts force majeure on 250,000 bdp Bonny terminal
The Shell Petroleum Development Company of Nigeria Limited (SPDC), on Wednesday, said it has lifted the force majeure on the 250,000 barrel-per-day Bonny export terminal, one year after it shut the terminal due to suspected sabotage.
The force majeure was declared on March 3, 2022, following a significant decline in crude receipts at the Bonny Oil and Gas Terminal, according to a spokesperson of SPDC.
Read also: Crisis brews in Ondo over N150m oil spill largesse
Force majeure is a legal provision that permits businesses to avoid contractual obligations due to circumstances beyond their control.
The Shell Petroleum Development Company of Nigeria Limited (SPDC), on Wednesday, said it has lifted the force majeure on the 250,000 barrel-per-day Bonny export terminal, one year after it shut the terminal due to suspected sabotage. The force majeure was declared on March 3, 2022, following a significant decline in crude receipts at the Bonny Oil and Gas Terminal, according to a spokesperson of SPDC. Read also: Crisis brews in Ondo over N150m oil spill largesse Force majeure is a legal provision that permits businesses to avoid contractual obligations due to circumstances beyond their control.
The Shell Petroleum Development Company of Nigeria Limited (SPDC), on Wednesday, said it has lifted the force majeure on the 250,000 barrel-per-day Bonny export terminal, one year after it shut the terminal due to suspected sabotage. The force majeure was declared on March 3, 2022, following a significant decline in crude receipts at the Bonny Oil and Gas Terminal, according to a spokesperson of SPDC. Read also: Crisis brews in Ondo over N150m oil spill largesse Force majeure is a...
The Shell Petroleum Development Company of Nigeria Limited (SPDC), on Wednesday, said it has lifted the force majeure on the 250,000 barrel-per-day Bonny export terminal, one year after it shut the terminal due to suspected sabotage. The force majeure was declared on March 3, 2022, following a significant decline in crude receipts at the Bonny Oil and Gas Terminal, according to a spokespers...