In the January 2021 edition of the Nigerian National Petroleum Corporation’s (NNPC) Monthly Financial and Operations Report (MFOR), the national oil company recorded about N234,722,222,150 from the sale of the Premium Motor Spirit (PMS) in the month under review.
The statement was signed by the Group General Manager, Group Public Affairs Division, Dr Kennie Obateru. A litre of PMS was sold for at least N162.50, and the NNPC supplied 1.44billion litres in the month, which translates to 46.30 million litres daily.
In the gas sector, 223.55billion Cubic Feet (BCF) of natural gas was produced in January 2021, which translates to an average daily production of 7,220.22 million Standard Cubic Feet per day (mmscfd). The gas production for January shows a 4.79% increase over output in December 2020.
The daily average natural gas supply to gas power plants increased by 2.38% to 836mmscfd, which is equivalent to power generation of 3,415MW. From January 2020 to January 2021, 2,973.01BCF of gas was produced, which translates to an average daily production of 7,585.78 mmscfd.
NNPC also announced a 37.21% decrease in cases of pipeline vandalism across the country in January 2021, with a total of 27 pipeline points vandalized; 43 points down from the figure in December 2020.
The Mosimi Area (Ogun state) accounted for 74% of the vandalized points, Kaduna Area accounted for 22% while Port Harcourt accounted for 4%.
Excerpts from the statement:
“To guarantee energy security, the corporation also supplied a total of 1.44billion litres of Premium Motor Spirit (petrol), translating to 46.30million litres/day, across the country in the period under review.”
“However, NNPC is continuously working in collaboration with the local communities and other stakeholders to reduce and eventually eliminate the pipeline vandalism menace.”
“Period-to-date Production from Joint Ventures (JVs), Production Sharing Contracts (PSCs) and Nigerian Petroleum Development Company (NPDC) contributed about 65.20%, 19.97% and 14.83% respectively to the total national gas production.”
“Out of the total gas output in January 2021, a total of 149.24BCF of gas was commercialized consisting of 44.29BCF and 104.95BCF for the domestic and export markets respectively.”
“This translates to a total supply of 1,428.65mmscfd of gas to the domestic market and 3,385.57mmscfd to the export market in the month under review.”
“This indicates that 67.15% of the daily gas output was commercialized while the balance of 32.85% was re-injected, used as upstream fuel, or flared.”
“Gas flare rate was 7.73% for the month under review (i.e. 554.01mmscfd) compared with average gas flare rate of 7.19% (i.e. 539.69mmscfd) for the period of January 2020 to January 2021.”
“The 66th edition of the NNPC MFOR highlights NNPC’s activities for the period of January 2020 to January 2021. It is published in line with the Corporation’s commitment to the tenets of Transparency, Accountability and Performance Excellence (TAPE).”
“The Corporation has sustained effective communication with its stakeholders through the publication of the report on its website, independent online news platforms and national dailies.”
/strong%20Monthly%20Financial%20and%20Operations%20Report%20(MFOR),%20the%20national%20oil%20company%20recorded%20about%20N234,722,222,150%20from%20the%20sale%20of%20the%20Premium%20Motor%20Spirit%20(PMS)%20in%20the%20month%20under%20review.The%20statement%20was%20signed%20by%20the%20Group%20General%20Manager,%20Group%20Public%20Affairs%20Division,%20Dr%20Kennie%20Obateru.%20A%20litre%20of%20PMS%20was%20sold%20for%20at%20least%20N162.50,%20and%20the%20NNPC%20supplied%201.44billion%20litres%20in%20the%20month,%20which%20translates%20to%2046.30%20million%20litres%20daily.In%20the%20gas%20sector,%20223.55billion%20Cubic%20Feet%20(BCF)%20of%20natural%20gas%20was%20produced%20in%20January%202021,%20which%20translates%20to%20an%20average%20daily%20production%20of%207,220.22%20million%20Standard%20Cubic%20Feet%20per%20day%20(mmscfd).%20The%20gas%20production%20for%20January%20shows%20a%204.79%%20increase%20over%20output%20in%20December%202020.The%20daily%20average%20natural%20gas%20supply%20to%20gas%20power%20plants%20increased%20by%202.38%%20to%20836mmscfd,%20which%20is%20equivalent%20to%20power%20generation%20of%203,415MW.%20From%20January%202020%20to%20January%202021,%202,973.01BCF%20of%20gas%20was%20produced,%20which%20translates%20to%20an%20average%20daily%20production%20of%207,585.78%20mmscfd.NNPC%20also%20announced%20a%2037.21%%20decrease%20in%20cases%20of%20pipeline%20vandalism%20across%20the%20country%20in%20January%202021,%20with%20a%20total%20of%2027%20pipeline%20points%20vandalized;%2043%20points%20down%20from%20the%20figure%20in%20December%202020.The%20Mosimi%20Area%20(Ogun%20state)%20accounted%20for%2074%%20of%20the%20vandalized%20points,%20Kaduna%20Area%20accounted%20for%2022%%20while%20Port%20Harcourt%20accounted%20for%204%.Excerpts%20from%20the%20statement:em“To%20guarantee%20energy%20security,%20the%20corporation%20also%20supplied%20a%20total%20of%201.44billion%20litres%20of%20Premium%20Motor%20Spirit%20(petrol),%20translating%20to%2046.30million%20litres/day,%20across%20the%20country%20in%20the%20period%20under%20review.”/emem“However,%20NNPC%20is%20continuously%20working%20in%20collaboration%20with%20the%20local%20communities%20and%20other%20stakeholders%20to%20reduce%20and%20eventually%20eliminate%20the%20pipeline%20vandalism%20menace.”/emem“Period-to-date%20Production%20from%20Joint%20Ventures%20(JVs),%20Production%20Sharing%20Contracts%20(PSCs)%20and%20Nigerian%20Petroleum%20Development%20Company%20(NPDC)%20contributed%20about%2065.20%,%2019.97%%20and%2014.83%%20respectively%20to%20the%20total%20national%20gas%20production.”/emem“Out%20of%20the%20total%20gas%20output%20in%20January%202021,%20a%20total%20of%20149.24BCF%20of%20gas%20was%20commercialized%20consisting%20of%2044.29BCF%20and%20104.95BCF%20for%20the%20domestic%20and%20export%20markets%20respectively.”/emem“This%20translates%20to%20a%20total%20supply%20of%201,428.65mmscfd%20of%20gas%20to%20the%20domestic%20market%20and%203,385.57mmscfd%20to%20the%20export%20market%20in%20the%20month%20under%20review.”/emem“This%20indicates%20that%2067.15%%20of%20the%20daily%20gas%20output%20was%20commercialized%20while%20the%20balance%20of%2032.85%%20was%20re-injected,%20used%20as%20upstream%20fuel,%20or%20flared.”/emem“Gas%20flare%20rate%20was%207.73%%20for%20the%20month%20under%20review%20(i.e.%20554.01mmscfd)%20compared%20with%20average%20gas%20flare%20rate%20of%207.19%%20(i.e.%20539.69mmscfd)%20for%20the%20period%20of%20January%202020%20to%20January%202021.”/emem“The%2066th%20edition%20of%20the%20NNPC%20MFOR%20highlights%20NNPC’s%20activities%20for%20the%20period%20of%20January%202020%20to%20January%202021.%20It%20is%20published%20in%20line%20with%20the%20Corporation’s%20commitment%20to%20the%20tenets%20of%20Transparency,%20Accountability%20and%20Performance%20Excellence%20(TAPE).”/emem“The%20Corporation%20has%20sustained%20effective%20communication%20with%20its%20stakeholders%20through%20the%20publication%20of%20the%20report%20on%20its%20website,%20independent%20online%20news%20platforms%20and%20national%20dailies.”/em){kind=link}