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Nigeria: NNPC Records 52.84% Rise In Export Sale Of Crude Oil, Gas

Unic Press UK: The Nigerian National Petroleum Corporation (NNPC) says its crude oil and gas export sale peaked at $355.93 million in September 2019, representing an increase by 52.84 per cent in comparison with the $232.87 million August 2019 figure.

In a press statement on Sunday, the NNPC’s Acting Group General Manager, Group Public Affairs Division, Samson Makoji made a reference to the corporation’s Monthly Financial and Operations Report (MFOR) that illustrated the September 2019 crude oil and gas export sales. He said:

“A breakdown of the figures indicated that crude oil export sales contributed $267.97 million (75.29 per cent) of the dollar transactions, compared with $150.73 million contribution in the previous month; while the export gas sales amounted to $87.96 million in the month.”


About NNPC

The Nigerian National Petroleum Corporation is Nigeria’s state oil corporation, which was established on April 1, 1977. Its activities encompass oil exploration and production, gas development, refining, distribution, petrochemicals, engineering, and commercial investments. The NNPC has several subsidiary companies, including:

  • National Engineering and Technical Company Limited (NETCO)
  • Kaduna Refinery and Petrochemical Co. Limited (KRPC)
  • Warri Refinery and Petrochemical Co. Limited (WRPC)
  • Pipelines and Products Marketing Company (PPMC)
  • Nigerian Petroleum Development Company (NPDC)
  • Hydrocarbon Services Nigeria Limited (HYSON)
  • Port Harcourt Refining Co. Limited (PHRC)
  • Integrated Data Services Limited (IDSL)
  • The Nigerian Gas Company (NGC)
  • NNPC Retail
  • Duke Oil

 

 

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