The Nigerian National Petroleum Corporation (NNPC) says it realised $416.07 million from crude oil and gas export in June, a figure that is 35.78% higher than July sales.
These details were contained in the June 2018 edition of the corporation’s monthly financial and operations report.
NNPC said crude oil export sales contributed $274.95 million, 66% of the dollar transactions while gas sales amounted to $141.12 million.
According to the 35th edition of NNPC’s report, 744 million standard cubic feet of gas per day (mmscfd) was delivered to gas-fired power plants to generate 2,970MW.
“During the period under review, Production from Joint Ventures (JVs), Production Sharing Contracts (PSCs) and Nigerian Petroleum Development Company (NPDC) contributed about 69.35 per cent, 21.77 per cent and 8.88 per cent respectively, to the total national gas production,” a statement by Ndu Ughamadu, NNPC’s group general manager, group public affairs division read.
“The gas flare rate was 10.33 per cent for the month under review, that is, 721.83mmscfd, compared with the average gas flare rate of 10.4per cent, that is, 813.37mmscfd for June 2017 to June 2018.”
The corporation said it supplied 1,194.93million litres of petrol into the country through direct-sale-direct-purchase agreements as against the 1,096.45million litres supplied in May.
In total, 205.73 million litres of petrol, diesel and kerosene was produced by domestic refineries compared to the 161.91 million litres produced in May. - TheCable
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