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Shell, Chevron Lose Their Export: Nigeria

Shell and ChevronTexaco declared a "force majeure"

Shell, Chevron Lose Their Export: Nigeria

A Shell spokesman said that the company had declared a "force majeure" to warn clients that it would not be able to meet export contracts from its Bonny terminal.
ChevronTexaco said it was also affected by the shutdown because of protests by hundreds of villagers from the Kula community in Niger Delta.

?We have notified our customers that we will not be able to meet our loading and lifting commitments and this will be in force till February," a spokesman for Shell's Nigerian subsidiary said. Shell will lose exports at 114,000 barrels of crude per day.

Chevron Nigeria Ltd's spokesman Deji Haastrup said the company has also shut in some 20,000 barrels per day which it handles through Shell's terminal.

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