The Nigerian National Petroleum Company Limited has posted a total of $224.29million receipt from crude oil and gas export in August 2021 as against $191.26million in July 2021.
Group General Manager, Group Public Affairs Division of NNPC Limited, Garba Deen Muhammad , said in a statement on Wednesday that export of crude oil amounted to $7.77million while gas and miscellaneous receipts stood at $65.26 million and $151.26million respectively.
According to him the Monthly Financial and Operations Report, which focuses on August 2020 to August 2022, was the 73rd in the series, highlighting the activities of the NNPC.
He said that the total receipts for crude oil and gas export from August 2020 to August 2021 was $1.84billion.
“In the Gas Sector, a total of 233.57billion cubic feet (bcf) of natural gas was produced in the month of August 2021 translating to an average daily production of 7,534.67million standard cubic feet per day (mmscfd).
“For the period of August 2020 to August 2021, a total of 2,890.67bcf of gas was produced representing an average daily production of 7,303.61mmscfd during the period.” He said
The NNPC Spokesman put the total National gas production from Joint Ventures, Production Sharing Contracts , and the Nigerian Petroleum Development Company, at 57.51%, 20.88% and 21.62% respectively.
He added 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.
He explained that an average total supply of 1,297.54mmscfd went to the domestic market and 2,939.31mmscfd of gas to the export market for the month of August.
Muhammad who put total gas supply for the period of August 2020 to August 2021 at 2,792.28bcf added that 537.51bcf and 1,245.93bcf were commercialized for the domestic and export markets respectively.
He stated also that a total of 1.532billion litres of white products were sold and distributed by the Petroleum Products Marketing Company a downstream subsidiary of the NNPC, in the month of August 2021 in the downstream sector.
He said that petrol accounted for 99% of total sales, while Automotive Gas Oil (AGO), also known as diesel, accounted for the rest.
According to him, total sale of white products for the period of August 2020 to August 2021 was 20.032billion with petrol accounting for 99.81%.
“In terms of value, a total sum of ₦203.43billion was made on the sale of white products by PPMC in the month of August 2021.
“Total revenues generated from the sales of white products for the period of August 2020 to August 2021 stood at ₦2.619trillion with petrol contributing about 99.76% of the total sales with a value of ₦2.613trillion.” He added
He said further that the NNPC recorded vandalism of 21 pipeline points which represented a 50 percent decrease from the 42 that were recorded in July.
Muhammad said that 90 percent of the vandalism took place at Mosimi Area and 10 percent in Port Harcourt area.