NNPC Makes Account Of N174.62b products sales in March

The Nigerian National Petroleum Corporation (NNPC) on Sunday discharged its Monthly Financial and Operations Report (MFOR) for March, where it proclaimed N174.62 billion income from the closeout of white items.

The figure as per the organization's Spokesman, Ndu Ughamadu, is higher than the N168.65billion recorded in February 2019.

The national oil organization additionally recorded 111 vandalized pipeline focuses inside the period, demonstrating a 19 percent drop from the 137 recorded in February 2019. Ibadan – Ilorin and Benin – Ore pivot represented 46 percent of complete pummeled focuses, while splits in different areas made up the parity.

Ughamadu clarified that the all out income created from the clearance of white items from the period March 2018 to March 2019 remained at N2,780.79b, with Premium Motor Spirit, generally called oil contributing about 91.09 percent or N2,533b.

As far as volume of the all out deals by the NNPC Subsidiary, the Petroleum Products Marketing Company (PPMC), in March 2019, the report said an all out supply and dispersion of 1.36b liters of white items was made, contrasted and 1.33b liters of February 2019.

A further items breakdown showed that the March volume included 1.29b liters of oil, 0.023b liters of Dual Purpose Kerosene (DPK), and 0.047b liters for the diesel segment.

All out clearance of white items disseminated for the period, March 2018 to March 2019, remained at 21.99b liters, with oil representing 20.63 billion liters or 93.8 percent. The report expressed that 6.4b liters of uncommon items were sold during the period.

In the gas area, the MFOR revealed that gas generation expanded by 15.4per penny at 263.48b cubic feet contrasted with the yield in continuing time of February 2019. This meant a normal every day generation of 8,499.58m standard cubic feet of gas every day (mmscfd).

Out of the volume of gas provided in March 2019, 155.01bcf of gas was popularized, comprising of 40.35bcf, and 111.66bcf for the residential and fare markets, individually.

The report showed that 58.81 percent of the normal every day gas created was marketed, while the equalization of 41.19 was re-infused, utilized as upstream fuel gas or flared.

The March 2019 NNPC Monthly Financial and Operations Report was the 44th in the arrangement.

Tread Started by: Christian Uriel On 3:22pm Jun 9