The Nigerian National Petroleum Company (NNPC) has said that a total of 1.532billion litres of white products were sold and distributed by the Petroleum Products Marketing Company (PPMC), a downstream subsidiary of the NNPC, in August 2021.
This was disclosed in the August 2021 NNPC Monthly Financial and Operations Report (MFOR), a copy of which available to The Star on Wednesday.
The August 2021 MFOR, which is the 73rd edition, further revealed that the total revenues generated from the sales of white products from August 2020 to August 2021 stood at ₦2.619 trillion with petrol contributing about 99.76% of the total sales.
According to the report, export of crude oil amounted to $7.77 million, while gas and miscellaneous receipts stood at $65.26 million and $151.26 million respectively.
It also indicated that the total crude oil and gas export receipt for the period of August 2020 to August 2021 stood at $1.84 billion.
The report further disclosed that in the gas sector, a total of 233.57 billion cubic feet (bcf) of natural gas was produced in the month of August 2021 translating to an average daily production of 7,534.67 million standard cubic feet per day.
It indicated that the period-to-date production from Joint Ventures (JVs), Production Sharing Contracts (PSCs) and the Nigerian Petroleum Development Company (NPDC) contributed about 57.51%, 20.88% and 21.62% respectively to the total national gas production.
READ ALSO: FG withdraws methanol-laden petrol from market
The report also revealed that out of the 208.64bcf of gas supplied in August 2021, a total of 131.35bcf was commercialized, consisting of 40.22bcf and 91.13bcf for the domestic and export markets respectively.
It added that it translated to an average total supply of 1,297.54mmscfd to the domestic market and 2,939.31mmscfd of gas to the export market for the month.
The report further disclosed that the total gas supply for the period of August 2020 to August 2021 stood at 2,792.28bcf out of which 537.51bcf and 1,245.93bcf were commercialized for the domestic and export markets respectively.
In the Downstream sector, the report added that a total of 1.532 billion litres of white products were sold and distributed by the PPMC, a downstream subsidiary of the NNPC, in the month of August 2021.
It revealed that the breakdown of the figure indicated that petrol accounted for 99% of total sales, while Automotive Gas Oil (AGO), also known as diesel, accounted for the rest.
According to the report, the total sale of white products for the period of August 2020 to August 2021 stood at 20.032billion with petrol accounting for 99.81%.
It also disclosed that in terms of value, a total sum of ₦203.43 billion was made on the sale of white products by PPMC in the month of August 2021.
The report further indicated that in August 2021, 21 pipeline points were vandalized representing 50% decrease from the 42 points recorded in July 2021.
According to the report, Port Harcourt area accounted for 10%, while Mosimi Area accounted for 90% of the vandalized points.
- NLC: How we arrived at N615,000 new minimum wage demand - May 2, 2024
- Newcastle’s Tonali bags two-month ban for betting - May 2, 2024
- NSCDC arrests quack doctor over pregnant woman’s death in Osun - May 2, 2024
