- The Nigerian’s NNPC said it spent $6.155 million, an equivalent of N1.206 trillion on the domestic purchase of crude oil in 12 months, from July 2015 to June 2016.
- In a report obtained from its website, the NNPC stated that it purchased 145.4 million barrels of crude oil, translating to a daily average of 397,279.09 barrels over the 12-month period, at an average price of $42.33 per barrel.
- Giving a breakdown of the amount spent on domestic crude oil purchase over the 12-month period, the report stated that for the months of July to December 2015, the NNPC spent N157.78 billion; N95.98 billion; N126.33 billion; N112.279 billion; N93.34 billion and N87.04 billion respectively on the purchase of crude oil respectively.
- For the months of January to June 2016, the NNPC expended N62.86 billion; N66.31 billion; N107.62 billion; N107.37 billion; N104.64 billion and N84.78 billion respectively.
- However, for June 2016, the report stated that the NNPC lifted 8.958 million barrels of crude oil for domestic utilization, translating to an average volume of 298,624.03 barrels of oil per day in terms of performance.
- Furthermore, the NNPC stated that in July 2016, 798.33 million litres of white products was supplied into the country through the Direct Sale-Direct Purchase (DSDP) arrangements while 1.184 billion litres was supplied in the month of June 2016, adding that only Premium Motor Spirit, PMS, was supplied through DSDP in the months of June and July 2016.
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