According to the report, the total revenue for white products sold from January to September 2015 stood at N461.1 billion.
The Nigeria National Petroleum Corporation (NNPC), says it recorded N38.67billion from the sale of downstream petroleum products in September.
This is contained in the corporation’s report for September obtained by the News Agency of Nigeria (NAN)in Abuja on Sunday.
It
stated that the amount was in respect of revenue from ``white
products'' sold by the Pipelines and Product Marketing Company (PPMC).
The
News Agency of Nigeria (NAN) reports that white products include
Automotive Gas Oil (AGO), Household Kerosene (HHK), and Premium Motor
Spirit (PMS).
The report also indicated that NNPC generated N44.2 billion from the sale of white petroleum products in August.
According to the report, the total revenue for white products sold from January to September 2015 stood at N461.1 billion.
It
stated that the Premium Motor Spirit (PMS) contributed about 86 per
cent of all the revenues collected from January to September with a
value of N395.68 billion.
It stated that the
combined value of output by the three refineries in Nigeria amounted to
N9.9 billion for crude processed in September.
The
report said that the associated crude plus freight cost stood at N6.3
billion, representing a loss of N8.8 billion after an overhead cost of
N12.4 billion.
The report also indicated that
75.78 million litres was produced compared to 200.2 million litres in
August in respect of products from domestic refineries.
It
stated that the total crude processed by the three refineries in
September was 261,371.14 bbls (35,648 MT) translating to a combined
capacity utilisation of 1.96 per cent
According to
the report, only Port Harcourt refinery produced 31,008 million MT of
petroleum products, out of 35,648 million MT of crude processed at an
average capacity utilisation of 5.77 per cent.
It
said the petroleum product supplied and distributed into the country
from Off-Shore Processing Agreements (OPA), stood at 763.90 million
litres of white products against 701.29 million litres supplied in
August.
The report said Dual Purpose Kerosene
(DPK), receipt in September was 196.30 million litres compared with zero
litres imported in the previous month.
It stated
that 507.90 million litres of downstream petroleum products were
distributed and sold by PPMC in September 2015 compared to 606.84
million litres sold in the previous month.
The
report stated that the sale comprised of 456.81 million litres of PMS,
31.41 million litres of Kerosene and 19.68 million litres of diesel.
It
stated that the total sale of white products for the period, January to
September stood at 6.41billion litres, with PMS recording 5.08 billion
liters or 79 per cent of the sale.
On gas production, it sated that 246 billion standard cubic feet (BCF) of natural gas was produced in September.
The
report indicated that an average daily production of 8,187 million
standard cubic feet per day was recorded during the period.
It
showed that 2,164 BCF of gas was produced between January and September
2015 representing an average daily production of 7,925 mmscfd during
the period.
It stated that the production from
Joint Ventures (JVs), Production Sharing Contracts (PSC) and the
Nigerian Petroleum Development Company (NPDC) contributed about 69.8,
22.0 and 8.2 per cents respectively to the total national gas
production.
The report stated that an average of
773 mmscfd of domestic gas supply to the power sector was delivered to
the gas fired power plants in September 2015.
It
stated that the supply was designed to generate an average power of
about 3,141 Mega Watts(MWs) of electricity compared to the 2015 YTD
average gas supply of 656 mmscfd and power generation of 2,843 MWs