NNPC releases financial and operations report for June

The Nigerian National Petroleum Corporation (NNPC) says a total of crude oil and gas export sales of 416.07 million dollars was realised in June, which is 35.78% higher than the previous month. The details of the figures was contained in the June 2018 edition of the Monthly NNPC Financial and Operations Reports, released in Abuja, on Thursday.

It noted that the crude oil export sales contributed 274.95 million dollars which translated to 66.08% of the dollar transactions compared with 244.72million dollars contribution in the previous month. According to the report, the export gas sales for the month amounted to 141.12million dollars.

The report further noted that out of the 209.55bcf of gas supplied in June, a total of 113.08bcf of gas was commercialised, comprising of 36.23bcf and 76.85bcf for the domestic and export market respectively.

In the downstream sub-sector, 1,194.93million litres of petrol were supplied into the country through the Direct-Sale-Direct-Purchase (DSDP) arrangements as against the 1,096.45million litres of petrol supplied in May 2018.

It noted that the petroleum products (petrol, diesel & kerosene) production by the domestic refineries in the month under review amounted to 205.73million litres compared to 161.91million litres in May 2018.

Source: NTA

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