…Hits 228 Pulverized Points in July
The rate of pipelines vandalism in Nigeria has reached a record of 228 pulverized points, the Nigerian National Petroleum Corporation (NNPC) has said.
In its Monthly Financial and Operations Report (MFOR) for July 2019, the national oil company said the number of breached lines represented an awful increase of 15% from the 106 vandalized points recorded in June 2019.
The report said out of the vandalized points, 15 failed to be welded, while five points were ruptured. The report stated that the Aba-Enugu axis accounted for 35% of the breaks, while Port Harcourt (PHC)-Aba route recorded 22%, with Ibadan-Ilorin layout hitting a 16-per cent mark. Similarly, the Lagos Atlas Cove-Mosimi Zone logged 12% with other locations recording the remaining 15% of the breaks.
The NNPC noted in the report that to ensure sustained supply and distribution of Premium Motor Spirit (PMS) across the country, a total of 1.73 billion litres of the product, translating to 55.74 million liters/day, were supplied for the month under review.
It said that the Corporation monitoring architecture continued to work diligently round the clock to ensure the daily stock of fuel, and to ensure smooth distribution of petroleum products and zero fuel queue across the nation.
In terms of gas supply, a total of 730million 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. The 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 indicated an improved trading surplus of ₦4.26Billion compared to the ₦3.92billion surplus posted on June 2019. The increase of 3.62% 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).
Chibisi Ohakah
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