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NNPC improves gas supply amid challenges – August Report

Business & Economy News

NNPC: www.medianet.info

The Nigerian National Petroleum Corporation (NNPC) has expanded day by day normal gaseous petrol supply to the country’s gas control plants by 123 percent to 730 million standard cubic feet per day (mmscf/d).

The Corporation, in its June 2017 Monthly Financial and Operations Report said the gas supply was for June 2017 as against 327mmscf/d in the comparing time frame in 2016.

As indicated by the report, gas supply to control plants expanded marginally by 0.13 percent from 729mmscf/d in May 2017 to 730mmscf/d in June 2017.

The report likewise showed that across the country oil based goods supply kept on recording amazing steadiness following the execution of Nigeria’s three refineries which delivered in the vicinity of five and six million liters of Premium Motor Spirit (PMS), otherwise called oil, every day in June 2017.

The refineries likewise delivered in the vicinity of five and six million liters of Automotive Gas Oil (AGO), otherwise called diesel, every day in the period under audit.

“The Corporation has kept up consistent across the nation supply and conveyance of oil based commodities which ensures stable items and line free filling stations the country over,” the report expressed.

The report likewise demonstrated that the execution of the Port Harcourt Refinery kept on enhancing with a lift to the midstream esteem chain as it crawled towards managed business operations.

It would be reviewed that the direct cost of diesel slammed by 42% across the country following vital mediation by the Corporation in May 2017.

On pipeline vandalism, the report demonstrated that the Corporation recorded around eighty six (86) instances of pipeline softens the nation over up the period under audit.

As indicated by the report, out of these 86 cases, 77 were because of pipeline vandalism, which speaks to right around 40% expansion in respect to cases recorded in the earlier month (May 2017).

The report included that while the Port Harcourt-Aba line recorded the most elevated pipeline ruptures of 55 focuses (66%), there was additionally a strange upsurge in the exercises of vandal along Kaduna-Zaria line which saw 13 vandalized focuses amid the period.

There was additionally a slight decline in national gas generation contrasted with earlier month which remained at 227.15BCF or a normal of 7,571.50 mmscfd, the report noted.