Market News
Nigeria's Renaissance halts oil output via pipeline after spill -
By Tife Owolabi
YENAGOA, Nigeria, May 6 (Reuters) - Nigeria's Renaissance Africa Energy Co. Ltd has halted oil shipments via its Okordia-Rumuekpe pipeline in the coastal Rivers state following a spill, the independent oil firm said on Tuesday.
The pipeline, which transports crude oil south to the Rumuekpe manifold for export via the Bonny terminal, experienced the spill in the early hours of Monday in Ikata community in the Ahoada East district of the state, according to the Youths and Environmental Advocacy Centre (YEAC-Nigeria). The environmental group's volunteer network initially detected the spill.