Nigeria recorded crude oil, gas export of $470m in August – NNPC

The Nigerian National Petroleum Corporation (NNPC) has said that crude oil and gas export sale by the corporation in August 2018 was $470 million, indicating an upsurge of about $78million in relation to July oil and gas export figures of $391.91 million.

NNPC Monthly Financial and Operations report for August 2018 released today in Abuja by the corporation’s Group General Manager, Group Public Affairs, Mr. Ndu Ughamadu, indicated that crude oil export sales contributed $337.62 million which represents 71.83 per cent of the dollar transactions compared with $283.43million contribution in the previous month.

The release said export gas sales during the period amounted to $132.38million, adding that the August 2017 to August 2018 crude oil and gas transactions involved crude oil and gas export worth $5.26billion. It further explained that based on the above sales figures, a total export receipt of $450.24 million was recorded in August 2018 as receipt against $382.65million in July 2018. Contribution from crude oil during the period, it stated, amounted to $336.43 million, while gas and miscellaneous receipt stood at $101.33 million and $12.48 million respectively.

Source: The Nation

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