Oil & Gas

NNPC Records 115 per cent increase in Pipeline Vandalism

301

 

 

The Nigerian National Petroleum Corporation (NNPC), has recorded a 115 per cent increase in oil pipeline vandalism in July, as against the 106 vandalized points recorded in June 2019.

This was contained in the corporation’s 2019 Monthly Financial and Operations Report (MFOR).

The report stated that the Aba-Enugu axis accounted for 35 per cent of the breaks, while Port Harcourt-Aba route recorded 22 per cent, with Ibadan-Ilorin layout hitting a 16-per cent mark.

Similarly, the Lagos Atlas Cove-Mosimi Zone logged 12 per cent with other other locations recording the remaining 15 per cent of the breaks.

A release by the NNPC Acting Group General Manager, Group Public Affairs Division, Mr. Samson Makoji, on Wednesday in Abuja, stated that out of the vandalized points, 15 failed to be welded, while five points were ruptured.

The NNPC noted in the report that to ensure sustained supply and distribution of Premium Motor Spirit (PMS) across the country, a total of 1.73bn litres of the product, translating to 55.74m liters/day, were supplied for the month under review, adding that it continued to diligently monitor the daily stock of fuel to ensure smooth distribution of petroleum products and zero fuel queue across the Nation.

In terms of gas supply, a total of 730 million standard cubic feet of gas per day (mmscfd), was delivered to gas fired power plants in the month of July 2019 to generate an average power of about 2,864MW.

According to the report, total crude oil and gas export receipt of $390.33 million was recorded in month under review as against $312.93million in June 2019.

It further added that contribution from crude oil amounted to $250.35million, while gas and miscellaneous receipts stood at $76.28million and $63.71million respectively.

The 48th edition of the NNPC MFOR also indicated an improved trading surplus of ₦4.26Billion compared to the ₦3.92billion surplus posted in June 2019.

The increase of 3.62per cent% in the month is due largely to the enhanced surplus posted by the Nigerian Gas Company (NGC), arising from half-year adjustments; coupled with increased surplus recorded by the Petroleum Products Marketing Company (PPMC).

Leave a comment

Related Articles

NNPC’s Operations: Interrogating Businessday newspaper’s “opacity” tag and other matters, by Olufemi Soneye

I have read the story published by Businessday newspaper in its edition...

Oil production: National Assembly pledges legislative support for NNPC Ltd

The National Assembly has thrown its weight behind NNPC Limited’s ongoing efforts...

Dangote refinery: Commercial decision to cap investment at 7.2 percent was taken several months ago – NNPC Ltd.

The Nigerian National Petroleum Company Limited (NNPC Ltd) has clarified that the...

Dangote Refinery Set To Roll Out Petrol In August

Dangote Refinery says it has resolved the crude oil supply issues with...

Breaking: Nigeria’s crude oil production in June rises to 1.27m barrels daily- OPEC

Barely a week after the Nigerian National Petroleum Company Limited (NNPC Ltd)...

NNPC retail outlets extend hours of operation to ease tightness of fuel

The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced that all...

Navy uncovers two illegal crude oil refining sites in Delta State

The Nigerian Navy Ship (NNS) Delta, has uncovered two illegal refining sites...

NNPC/SPDC JV is committed to impacting lives through sustainable development projects

The Nigerian National Petroleum Company Ltd. (NNPC Ltd.) and Shell Petroleum Development...

Nigeria’s CNG journey has begun, and it’s irreversible, says Kyari

The Group Chief Executive Officer of NNPC Limited, Mallam Mele Kyari, has...

Just In: FG Commissions 12 NNPC CNG Stations in Abuja, Lagos

The Nigerian National Petroleum Company Limited, through its retail outlets and partners,...

NNPC Ltd. wants development of more indigenous institutions to finance energy projects

The Nigerian National Petroleum Company Limited (NNPC Ltd) has called for the...

War on crude oil theft: NNPC Ltd. uncovers 108 illegal refineries, 35 suspects arrested

Barely 24 hours after declaring a state of emergency on crude oil...

We have declared war on crude oil production challenges – NNPC Ltd.’s GCEO Kyari

In an effort to increase Nigeria’s crude oil production and grow its...

NNPC Retail Debunks “Lubricants-for- Petrol” Claims

The Nigerian National Petroleum Company Retail Limited has initiated disciplinary measures against...

NNPC Ltd. uncovers 165 illegal refineries, 400 incidents of oil theft and vandalism

With its relentless efforts against oil theft and vandalism, the Nigerian National...

Oil and gas: Pres. Tinubu seeks foreign investors’ partnerships to fast-track Nigeria’s prosperity

President Bola Tinubu on Monday sought the partnership of foreign investors to...

Army confiscates 14 illegal oil bunkering vessels laden with stolen crude

The Nigerian Army has vowed to clamp down on economic saboteurs involved...

Extend AKK gas pipeline project to other northern states, ACF urges Pres. Tinubu

The Arewa Consultative Forum has called on President Bola Tinubu to extend...