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Oil & Gas

Shell Says $1.1 Billion Nigerian Oil Pipeline Almost Complete

August 30, 2010
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The Associated Press reports, Royal Dutch Shell PLC has announced that its new, $1.1 billion crude oil pipeline running through Nigeria''s restive southern delta is almost complete. The 60-mile Nembe Creek Trunkline will be able to transport 600,000 barrels of oil per day from flow stations in the Niger Delta to Shell''s Bonny export terminal, the company said in a statement. The company said the new pipeline will replace existing pipelines running through the delta, a region of swamps, mangroves and creeks almost the size of South Carolina or Portugal. Shell said its Nigerian subsidiary''s joint venture had replaced more than 621 miles of pipelines in the last five years. Environmentalists estimate as much as 550 million gallons of oil have poured into the delta in 50 years'' time. However, Shell blames militants and oil thieves for the majority of its pipeline ruptures and oil spills.
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