The Nigerian National Petroleum Corporation (NNPC) stated that 1.76 bn litres of Premium Motor Spirit (PMS), likewise referred to as gas was provided in June.
Group Handling Director, Mele Kyar.
The corporation divulged this in its Regular Monthly Financial and Operation Report (MFOR) for the month of June launched in Abuja, on Sunday.
It stated that the amount equated to 58.65 million liters/day were provided and efficiently dispersed.
It kept in mind that to sustain the appropriate items supply and circulation in the Downstream Sector, the NNPC had actually continued to keep an eye on the everyday stock of PMS throughout the country.
On pipeline vandalisim, the report exposed that there was 77 percent increase in cases of oil pipeline vandalism in its network of pipeline facilities throughout the nation in the month under evaluation.
Dickson offsets payment of N104 bn acquired bond( Opens in a brand-new web browser tab).
According to the report, 106 pipeline points were breached, representing a boost from the 60 points vandalized in Might2019
It even more discussed that the Aba-Enugu axis in the system 2E pipeline passage represented 25 percent of the overall pulverized points, while the Lagos Atlas Cove-Mosimi axis of the system 2B had 23 percent of the jeopardized pipeline points.
It kept in mind that the Ibadan-Ilorin leg of the System 2B pipeline represented 18 percent of afflicted lines, followed by the PHC-Aba area of the system 2E which was accountable for 13 percent of the afflicted pipeline,.
” Other locations represented the staying 21 percent of cumulative line breaks” it stated.
It included that in spite of the wanton breaches of it vital pipeline network throughout the duration, the corporation had actually made sure constant fuel supply and reliable circulation throughout the nation throughout the month under evaluation.
In the gas sub-sector, the report divulged that 223.98 billion Cubic Feet (BCF) of gas was produced in the month under evaluation.
This, it stated equated to a typical everyday production of 7,46609 million Requirement Cubic Feet Each day (mmscfd).
” The figure published a small boost of 0.11 percent compared to the previous month’s gas production.
” For the duration June 2018 to June 2019, an overall of 3,06389 BCF of gas was produced representing a typical everyday production of 7,87358 mmscfd throughout the duration.
” Period-to-date Production from Joint Ventures (JVs), Production Sharing Agreements (PSCs) and NPDC contributed about 68.93 percent, 21.34 percent and 9.74 percent respectively, to the overall nationwide gas production,” it stated.
The News Company of Nigeria (NAN) reports that the June 2019 MFOR was the 47 th in the series.
The regular monthly report belongs to the corporation’s methods to open its operations, activities and financial resources to the general public.( NAN).