NNPC Gets $416m From Oil, Gas Exports


NNPC Gets $416m From Oil, Gas Exports

NNPC Gets $416m From Oil, Gas Exports – The Nigerian National Petroleum Corporation (NNPC) yesterday said the country’s crude oil and gas export sales for June 2018 was $416.07 million, up by 35.78 per cent over the corresponding month of last year.

  Details of the June 2018 edition of the monthly NNPC Financial and Operations Report showed that crude oil exports contributed $274.95 million, translating to 66.08 per cent of the dollar transactions compared with the $244.72 million contributions of the previous month. Similarly, the document said exported gas raked in at 141.12 million.

    According to the financial statement, a total of 744 million standard cubic feet of gas per day (mmscfd) was delivered to power plants during the period to generate an average power supply of about 2,970MW compared with the previous month where 742mmscfd were supplied to generate 2,940MW.

 The 35th monthly report shows that the corporation undertook repairs of key ruptured gas pipelines, leading to an appreciable leap in power generation.

  It noted that 211.51billion cubic feet (bcf) of natural gas were produced during the period under review, translating to an average daily production of 7,056.22mmscfd.