NNPC Sales A Record N38.67bn In September

The Nigeria National Petroleum Corporation (NNPC) says sales of downstream petroleum products hit a record of N38.67billion in September.

According to a corporation’s report for September, the amount was in respect of revenue from “white products” sold by the Pipelines and Product Marketing Company (PPMC). The white products include Automotive Gas Oil (AGO), Household Kerosene (HHK), and Premium Motor Spirit (PMS).

In August, NNPC generated N44.2 billion from the sale of white petroleum products. While the total revenue for white products sold from January to September 2015 stood at N461.1 billion.

The report also indicated that 75.78 million litres was produced compared to 200.2 million litres in August in respect of products from domestic refineries.

Only Port Harcourt refinery produced 31,008 million MT of petroleum products out of 35,648 million MT of crude processed at an average capacity utilisation of 5.77 per cent.

On gas production, it sated that 246 billion standard cubic feet (BCF) of natural gas was produced in September. An average of 773 mmscfd of domestic gas supply to the power sector was delivered to the gas fired power plants in September 2015. Details on Vanguard.

 

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