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threatened - Inside Business Africa

Tag: threatened

Mar192025 by info@insidebusinessafricang.comNo Comments

Oil earnings threatened as explosion rocks 450,000bpd pipeline

News, Oil & Gas

Nigeria’s daily oil output might be affected following an explosion that rocked a section of the Trans Niger Pipeline in Bodo Community, Gokana Local Government Area of Rivers State. The pipeline is owned by Renaissance Africa Energy Holdings. A media person in the Renaissance Renaissance Africa Energy Holdings said the company responded to an incident but could not confirm the cause of the blast. The TNP transports 450,000 barrels of crude oil per day to the Bonny Export Terminal, using a pipeline network. Renaissance Africa Energy Holdings just completed the landmark transaction between itself and Shell to acquire the entire equity holding in the Shell Petroleum Development Company of Nigeria. Our correspondent gathered that the incident occurred late Monday night, igniting a...

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