The Nigerian National Petroleum Corporation (NNPC) has stated that the vandalism of its pipelines across the country rose by a phenomenal spike of 50% in January 2020.
This information is part of the monthly financial and operations report, which was released on Wednesday, April 22. 2020 in Abuja.
According to the General Manager, Group Public Affairs Division for NNPC, Dr. Kennie Obateru, 60 pipeline points were vandalized compared to 40 incidents recorded in December 2019. Atlas Cove-Mosimi and Mosimi-Ibadan axis pipelines accounted for 50% and 17% of the breaks respectively, with the remaining 33% being accounted for by all other routes.
It was, however, noted that NNPC was collaborating with the local communities and other stakeholders to curtail this menace.
(READ MORE: NNPC GMD gives reasons for shutdown of refineries, to get private managers)
The report also stated that Nigeria recorded crude oil and gas export sales of $434.85 million in January 2020. This represents an increase of 94.30% when compared to the figure in December 2019.
According to the NNPC spokesman, the month’s crude oil export sales contributed $336.65 million as against the $136.36 million for the previous month. It added that the export gas sales in January were $98.2 million, even as it noted that the crude oil and gas transactions from 2019 to January 2020, valued at $5.18 billion was exported.
It was noted that 1.2 billion litres of premium motor spirit (PMS), known as petrol which translates to 38.68 million litres per day, were supplied for the month of January.
In the gas sector, out of the 253.09 billion cubic feet (BCF) of gas supplied in January 2020, a total of 151.16 BCF of gas was commercialized, consisting of 36.20 BCF and 114.96 BCF for domestic and export market respectively.
(READ MORE: TCN, NNPC partner to boost gas availability, increase power supply)
The report stated that 59.89% of the average daily gas produced was commercialized, while the balance of 40.11% was re-injected, used as upstream fuel gas or flared. The gas flare rate was 7.90% for the month under review compared to 8.46% for the period of January 2019 to January 2020.
RELEASED:
The @NNPCgroup's Monthly Financial & Operations Report for January 2020 is available. #OpenNNPC #TAPE #Transparency #Accountability #PerformanceExcellence pic.twitter.com/NSJUE0LTa2
— NNPC Limited (@nnpclimited) April 22, 2020
READ MORE: Naira crashes further at the parallel market due to dollar scarcity, lowest since 2017
Out of the 1.167.80 mmscfd of gas supplied to the domestic market in January 2020, about 639.70 mmscfd of gas, representing 54.78%, was supplied to gas-fired power plants, while the balance of 528.10 mmscfd or 45.22% was supplied to other industries.
The gas delivered to gas-fired power plants in January 2020 generated an average power of about 2,683 MW compared with the 2,498MW that was generated in December 2019.
Meanwhile, the NNPC has given a hint that it might suspend crude oil production if the global price slump and low demand persist.
This was disclosed by the NNPC spokesman, Kennie Obateru, during an interaction with the press.
