| Shell Nigeria stops Forcados pipeline exports after leak | |
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WARRI, Nigeria (AP) -- Shell Nigeria says yet another leak on the Trans Forcados Pipeline is forcing it to stop exports from the terminal that carries one fifth of Nigeria's exports. It gave no reason for the leak on the aging pipeline which suffers regular sabotage by oil thieves and environmental activists. Shell declared force majeure Wednesday afternoon, giving it some legal protection against contractual obligations. Nigeria is Africa's biggest oil producer and the Forcados terminal has capacity to export 400,000 barrels a day. The government estimates that oil thefts averaging 300,000 barrels a day along with losses during repairs cost $12 billion in 2013. Oil is stolen by criminals and activists pressing for a more equitable share of oil revenues for residents who have lost fishing and agricultural livelihoods due to oil pollution.
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Royal Dutch Shell
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CODE : RDSA.AS |
ISIN : US7802592060 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Royal Dutch Shell is a oil producing company based in Netherlands. Royal Dutch Shell is listed in Germany, in Netherlands, in United Kingdom and in United States of America. Its market capitalisation is €UR 187.4 billions as of today (US$ 214.0 billions, € 191.9 billions). Its stock quote reached its highest recent level on May 24, 2018 at €UR 31.38, and its lowest recent point on October 30, 2020 at €UR 10.10. Royal Dutch Shell has 8 222 179 840 shares outstanding. |