{"id":52310,"date":"2021-09-20T17:03:30","date_gmt":"2021-09-20T16:03:30","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=52310"},"modified":"2021-09-20T17:03:30","modified_gmt":"2021-09-20T16:03:30","slug":"nnpc-records-crude-oil-gas-sales-of-219-75m-in-may","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/nnpc-records-crude-oil-gas-sales-of-219-75m-in-may\/","title":{"rendered":"NNPC Records Crude Oil, Gas Sales Of $219.75m In May"},"content":{"rendered":"

\u2026Posts \u20a6295.72bn from Sale of Petroleum Products<\/p>\n

The Nigerian National Petroleum Corporation (NNPC) says it recorded a total crude oil and gas export sales of $219.75m in May 2021, representing 180.29% increase on sales from the previous month of April 2021.<\/p>\n

This is contained in the May 2021 edition of the NNPC Monthly Financial and Operations Report (MFOR), according to a press release by the Group General Manager, Group Public Affairs Division of the Corporation, Mr. Garba Deen Muhammad.<\/p>\n

According to the report, crude oil export sales contributed $181.19m (82.45%) of the dollar transactions compared with $4.22 million contribution in the previous month, while the export gas sales component stood at $38.56million in May 2021.<\/p>\n

The report also showed that between May 2020 and May 2021, the Corporation exported crude oil and gas worth $1.64billion.<\/p>\n

In the gas sector, the report showed that natural gas production in the month under review increased by 6.19% at 222.23billion cubic feet (bcf) compared with output in the previous month, translating to an average production of 7,177.53million standard cubic feet (mmscf) of gas per day.<\/p>\n

For the period May 2020 to May 2021, a total of 2,898.34bcf of gas was produced representing an average daily production of 7,322.94mmscf during the period.<\/p>\n

Period-to-date production from Joint Ventures (JVs), Production Sharing Contracts (PSCs) and Nigerian Petroleum Development Company (NPDC) contributed about 60.94%, 20.04% and 18.99% respectively.<\/p>\n

Out of the 216.29bcf of gas produced in May 2021, a total of 133.56bcf was commercialized, consisting of 44.02bcf and 89.54bcf for the domestic and export markets respectively.<\/p>\n

This translates to a total supply of 1,419.83mmscfd of gas to the domestic market and 2,893.66mmscfd to the export market for the month.<\/p>

\r\n
Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

This implies that 61.75% of the average daily gas produced was commercialized while the balance of 38.25% was either re-injected, used as upstream fuel or flared.<\/p>\n

In the Downstream sector, the report indicates that the Petroleum Products Marketing Company (PPMC), a downstream subsidiary of the NNPC, posted a total sum of \u20a6295.72bn from the sales of petroleum products in the month of May 2021 compared with \u20a6220.13billion sales in April 2021.<\/p>\n

Furthermore, total revenues generated from the sales of petroleum products for the period of May 2020 to May 2021 stood at \u20a62.345trillion where Premium Motor Spirit (PMS) contributed about 99.61% of the total sales with a value of \u20a62.336trillion.<\/p>\n

In terms of volume, the figure translates to a total of 2.241billion litres of white products sold and distributed by PPMC in the month of May 2021 compared with 1.673billion litres in the month of April 2021.<\/p>\n

Total sales of petroleum products for the period May 2020 to May 2021 stood at 18.651billion litres and PMS accounted for 99.69% of total volume.<\/p>\n

In May 2021, 64 pipeline points were vandalized representing 39.13% increase from the 46 points recorded in April 2021. The Port Harcourt area accounted for 65% and Mosimi and Kaduna Areas accounted for 30% and 5% respectively of the vandalized points.<\/p>\n

NNPC in collaboration with the local communities and other stakeholders continuously strive to reduce and eventually eliminate this menace.<\/p>\n

The 70th edition of the NNPC MFOR highlights the Corporation\u2019s activities for the period of May 2020 to May 2021.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Nigerian National Petroleum Corporation (NNPC) says it recorded a total crude oil and gas export sales of $219.75m in May 2021, representing 180.29% increase on sales from the previous month of April 2021.<\/p>\n","protected":false},"author":6,"featured_media":18552,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23],"tags":[188],"coauthors":[2391],"class_list":["post-52310","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","tag-nnpc"],"yoast_head":"\nNNPC Records Crude Oil, Gas Sales Of $219.75m In May - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/nnpc-records-crude-oil-gas-sales-of-219-75m-in-may\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NNPC Records Crude Oil, Gas Sales Of $219.75m In May - National Wire\" \/>\n<meta property=\"og:description\" content=\"Nigerian National Petroleum Corporation (NNPC) says it recorded a total crude oil and gas export sales of $219.75m in May 2021, representing 180.29% increase on sales from the previous month of April 2021.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nationalwire.com.ng\/sub\/nnpc-records-crude-oil-gas-sales-of-219-75m-in-may\/\" \/>\n<meta property=\"og:site_name\" content=\"National Wire\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-20T16:03:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2017\/10\/NNPC-Logo_.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"768\" \/>\n\t<meta property=\"og:image:height\" content=\"770\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Friday Ekeoba\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#website\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/\",\"name\":\"National Wire\",\"description\":\"About Nigerians, Nigerian Business and Other Stories\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/nationalwire.com.ng\/sub\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/nnpc-records-crude-oil-gas-sales-of-219-75m-in-may\/#primaryimage\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2017\/10\/NNPC-Logo_.jpg\",\"contentUrl\":\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2017\/10\/NNPC-Logo_.jpg\",\"width\":768,\"height\":770,\"caption\":\"_NNPC Logo_\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/nnpc-records-crude-oil-gas-sales-of-219-75m-in-may\/#webpage\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/nnpc-records-crude-oil-gas-sales-of-219-75m-in-may\/\",\"name\":\"NNPC Records Crude Oil, Gas Sales Of $219.75m In May - National Wire\",\"isPartOf\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/nnpc-records-crude-oil-gas-sales-of-219-75m-in-may\/#primaryimage\"},\"datePublished\":\"2021-09-20T16:03:30+00:00\",\"dateModified\":\"2021-09-20T16:03:30+00:00\",\"author\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927\"},\"breadcrumb\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/nnpc-records-crude-oil-gas-sales-of-219-75m-in-may\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/nationalwire.com.ng\/sub\/nnpc-records-crude-oil-gas-sales-of-219-75m-in-may\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/nnpc-records-crude-oil-gas-sales-of-219-75m-in-may\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/nationalwire.com.ng\/sub\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"NNPC Records Crude Oil, Gas Sales Of $219.75m In May\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927\",\"name\":\"Friday Ekeoba\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/author\/friday\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"NNPC Records Crude Oil, Gas Sales Of $219.75m In May - National Wire","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/nationalwire.com.ng\/sub\/nnpc-records-crude-oil-gas-sales-of-219-75m-in-may\/","og_locale":"en_US","og_type":"article","og_title":"NNPC Records Crude Oil, Gas Sales Of $219.75m In May - National Wire","og_description":"Nigerian National Petroleum Corporation (NNPC) says it recorded a total crude oil and gas export sales of $219.75m in May 2021, representing 180.29% increase on sales from the previous month of April 2021.","og_url":"https:\/\/nationalwire.com.ng\/sub\/nnpc-records-crude-oil-gas-sales-of-219-75m-in-may\/","og_site_name":"National Wire","article_published_time":"2021-09-20T16:03:30+00:00","og_image":[{"width":768,"height":770,"url":"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2017\/10\/NNPC-Logo_.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Written by":"Friday Ekeoba","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/nationalwire.com.ng\/sub\/#website","url":"https:\/\/nationalwire.com.ng\/sub\/","name":"National Wire","description":"About Nigerians, Nigerian Business and Other Stories","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/nationalwire.com.ng\/sub\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/nationalwire.com.ng\/sub\/nnpc-records-crude-oil-gas-sales-of-219-75m-in-may\/#primaryimage","url":"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2017\/10\/NNPC-Logo_.jpg","contentUrl":"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2017\/10\/NNPC-Logo_.jpg","width":768,"height":770,"caption":"_NNPC Logo_"},{"@type":"WebPage","@id":"https:\/\/nationalwire.com.ng\/sub\/nnpc-records-crude-oil-gas-sales-of-219-75m-in-may\/#webpage","url":"https:\/\/nationalwire.com.ng\/sub\/nnpc-records-crude-oil-gas-sales-of-219-75m-in-may\/","name":"NNPC Records Crude Oil, Gas Sales Of $219.75m In May - National Wire","isPartOf":{"@id":"https:\/\/nationalwire.com.ng\/sub\/#website"},"primaryImageOfPage":{"@id":"https:\/\/nationalwire.com.ng\/sub\/nnpc-records-crude-oil-gas-sales-of-219-75m-in-may\/#primaryimage"},"datePublished":"2021-09-20T16:03:30+00:00","dateModified":"2021-09-20T16:03:30+00:00","author":{"@id":"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927"},"breadcrumb":{"@id":"https:\/\/nationalwire.com.ng\/sub\/nnpc-records-crude-oil-gas-sales-of-219-75m-in-may\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/nationalwire.com.ng\/sub\/nnpc-records-crude-oil-gas-sales-of-219-75m-in-may\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/nationalwire.com.ng\/sub\/nnpc-records-crude-oil-gas-sales-of-219-75m-in-may\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/nationalwire.com.ng\/sub\/"},{"@type":"ListItem","position":2,"name":"NNPC Records Crude Oil, Gas Sales Of $219.75m In May"}]},{"@type":"Person","@id":"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927","name":"Friday Ekeoba","url":"https:\/\/nationalwire.com.ng\/sub\/author\/friday\/"}]}},"_links":{"self":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts\/52310","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/comments?post=52310"}],"version-history":[{"count":1,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts\/52310\/revisions"}],"predecessor-version":[{"id":52311,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts\/52310\/revisions\/52311"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/media\/18552"}],"wp:attachment":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/media?parent=52310"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/categories?post=52310"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/tags?post=52310"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/coauthors?post=52310"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}