Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    Nigeria’s Headline Inflation Rate Drops to 14.63% in Sept.

    October 15, 2026

    US, European Stocks Mixed as Inflation Boosts Odds of Fed Rate Hike

    October 15, 2026

    XRP Price Tanks as Bears Strike after U.S. Inflation Data

    October 15, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Nigeria’s Headline Inflation Rate Drops to 14.63% in Sept.
    • US, European Stocks Mixed as Inflation Boosts Odds of Fed Rate Hike
    • XRP Price Tanks as Bears Strike after U.S. Inflation Data
    • Nvidia Tokenised Stock Price Drops 4.6% Amid Crypto, Equity Selloffs
    • Nigeria’s 10-Year U.S. Dollar Bond Yield Falls 6 bps
    • Overnight, Repo Rates Ease as CBN Mops 4% of System Liquidity
    • Nigeria Rejects UN Budget Cuts Threatening Development, Peacekeeping
    • Naira Gains 0.3 Pips as Interbank FX Turnover Soars By 427%
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Thursday, October 15
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » Aiteo shuts down Nembe Creek Oil Export Pipeline for spillage

    Aiteo shuts down Nembe Creek Oil Export Pipeline for spillage

    Marketforces AfricaBy Marketforces AfricaMay 6, 2019Updated:June 5, 2020 News No Comments2 Mins Read
    Aiteo Aiteo shuts down Nembe Creek Oil Export Pipeline for spillage
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    Aiteo Eastern Exploration and Production has said that it is compelled to shut down the 97 kilometer Nembe-Bonny oil export pipeline due to discovery of additional leaks. The facility was initially locked down when the leak was first discovered.

    Mr Mathew Ndianaabasi, Spokesman for Aiteo, announced the shutdown of the facility in a statement on Monday pending the tracing and fixing of the additional leaks on the line.

    It may be recalled that the oil firm had announced the restart of oil exports from the facility on May 3 after fixing the identified leaking point.

    Also, the Commander of the Joint Task Force in the Niger Delta, Rear Admiral Akinjide Akinrinade, while inspecting the vandalised line stated that six suspected vandals that breached the line on April 21 died in the fire that followed the explosion.

    Ndianaabasi said that oil spill response team has been deployed to the leakage area at Awoba in Rivers to contain the oil discharged into the environment.

    According to him, less than 24 hours after starting up the NCTL from repairs of identified leak points occasioned by activities of oil thieves, 2 new leak points were reported along the line near Awoba Riser Manifold.

    “Our emergency response process was immediately activated, and containment boom deployed to limit oil spread on bodies of water whilst efforts to identify cause of incident and repair has been initiated.

    “Consequently, all injectors have been advised in accordance with NCTL shutdown procedure to shut-in production into the NCTL immediately.

    “Appropriate Oil Leakage/Spillage Notification Report will follow shortly to DPR/NOSDRA,” the spokesman said.

    economy Energey Oil and Gas
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Marketforces Africa
    • Website
    • Facebook
    • X (Twitter)
    • Instagram
    • LinkedIn

    MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

    Keep Reading

    Nigeria’s Headline Inflation Rate Drops to 14.63% in Sept.

    US, European Stocks Mixed as Inflation Boosts Odds of Fed Rate Hike

    XRP Price Tanks as Bears Strike after U.S. Inflation Data

    Nvidia Tokenised Stock Price Drops 4.6% Amid Crypto, Equity Selloffs

    Nigeria’s 10-Year U.S. Dollar Bond Yield Falls 6 bps

    Overnight, Repo Rates Ease as CBN Mops 4% of System Liquidity

    Add A Comment

    Comments are closed.

    Editors Picks

    Nigeria’s Headline Inflation Rate Drops to 14.63% in Sept.

    October 15, 2026

    US, European Stocks Mixed as Inflation Boosts Odds of Fed Rate Hike

    October 15, 2026

    XRP Price Tanks as Bears Strike after U.S. Inflation Data

    October 15, 2026

    Nvidia Tokenised Stock Price Drops 4.6% Amid Crypto, Equity Selloffs

    October 15, 2026

    Nigeria’s 10-Year U.S. Dollar Bond Yield Falls 6 bps

    October 15, 2026
    Latest Posts

    Nigeria’s Headline Inflation Rate Drops to 14.63% in Sept.

    October 15, 2026

    US, European Stocks Mixed as Inflation Boosts Odds of Fed Rate Hike

    October 15, 2026

    XRP Price Tanks as Bears Strike after U.S. Inflation Data

    October 15, 2026

    Nvidia Tokenised Stock Price Drops 4.6% Amid Crypto, Equity Selloffs

    October 15, 2026

    Nigeria’s 10-Year U.S. Dollar Bond Yield Falls 6 bps

    October 15, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.