The Nigerian National Petroleum Company (NNPC) Limited posted a total of $224.29 million receipt from crude oil and gas export in August 2021 as against $191.26 million in July 2021.
Garba Deen Muhammad, Group General Manager, Group Public Affairs Division, NNPC Limited, noted that a breakdown of the figures captured in the August 2021 NNPC Monthly Financial and Operations Report (MFOR) indicate that export of crude oil amounted to $7.77 million while gas and miscellaneous receipts stood at $65.26 million and $151.26 million, respectively. Total crude oil and gas export receipt for the period of August 2020 to August 2021 stood at $1.84 billion.
In the gas sector, a total of 233.57 billion cubic feet (bcf) of natural gas was produced in the month of August 2021 translating to an average daily production of 7,534.67 million 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. Period-to-date production from Joint Ventures (JVs), Production Sharing Contracts (PSCs) and the Nigerian Petroleum Development Company (NPDC) contributed about 57.51%, 20.88% and 21.62%, respectively, to the total national gas production.
The report also indicates that out of the 208.64bcf of gas supplied in August 2021, a total of 131.35bcf was commercialised, consisting of 40.22bcf and 91.13bcf for the domestic and export markets, respectively. This translates to an average total supply of 1,297.54mmscfd to the domestic market and 2,939.31mmscfd of gas to the export market for the month.
Total sale of white products for the period of August 2020 to August 2021 stood at 20.032 billion with petrol accounting for 99.81%.
In terms of value, a total sum of N203.43 billion 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 N2.619 trillion with petrol contributing about 99.76% of the total sales with a value of N2.613 trillion.
In August 2021, 21 pipeline points were vandalised representing 50% decrease from the 42 points recorded in July 2021. According to the report, Port Harcourt area accounted for 10%, while Mosimi Area accounted for 90% of the vandalised points. The August 2021 MFOR, the 73rd in the series, highlights NNPC’s activities for the period of August 2020 to August 2021.
