Explosion Halts Operations on Trans Niger Delta Pipeline After Shell Sale
The Trans Niger Delta Pipeline in Nigeria was halted due to an explosion, a week after Shell Plc sold its stake. Renaissance Africa Energy Holdings, the new operator, is investigating the incident, which is indicative of ongoing challenges within Nigeria’s oil sector due to sabotage and local unrest.
A recent explosion halted operations along the Trans Niger Delta Pipeline (TNP) in Nigeria, just a week after Shell Plc divested its stake in the asset. According to a local police statement, the Rivers State Police Command announced the pipeline’s suspension following the incident. Shell Petroleum Development Company of Nigeria, which previously managed the pipeline, sold its equity to Renaissance Africa Energy Holdings, now known as Renaissance Africa Energy Company Ltd.
The recent explosion on the Trans Niger Delta Pipeline, occurring shortly after Shell’s divestiture, has raised concerns about the stability of Nigeria’s oil infrastructure. While the cause and extent of the disruption remain unclear, it underscores the ongoing challenges faced in the region, including sabotage and local tensions. Renewed investigations by Renaissance, in collaboration with government agencies, aim to address these issues moving forward.
Original Source: financialpost.com
