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- The volume of petrol consumed by Nigerians in about one year stood at 19.535 billion liters and averaged at 1.6 billion liters monthly, according to Statistics released by the Nigerians National Petroleum Corporation (NNPC).
- The statistics revealed that the state oil firm made N2.563 trillion from the sale between July 2020 and this year.
- The company in July this year sold 1.544billion liters of PMS. It earned ₦203.73billion through its Petroleum Products Marketing Company (PPMC), a downstream subsidiary of the company.
The volume of petrol consumed by Nigerians in about one year stood at 19.535 billion liters and averaged at 1.6 billion liters monthly, according to Statistics released by the Nigerians National Petroleum Corporation (NNPC). The statistics revealed that the state oil firm made N2.563 trillion from the sale between July 2020 and this year.
The company in July this year sold 1.544billion liters of PMS. It earned ₦203.73billion through its Petroleum Products Marketing Company (PPMC), a downstream subsidiary of the company.
The country recorded a 5.23 per cent increase in the average daily gas supply to power plants in the month of July 2021. It worked out to 759million standard cubic feet of gas per day (MMSCFD).
The gas-to-power remained a critical challenge for gas-fired plants in the country. The equivalent of the gas supplied to the plant stands at 3,250MW against the June 2021 figure of 721mmscfd to generate 3,181MW power.
Similarly, national gas production in July 2021 increased by 3.99 per cent at 232.69 billion cubic feet (BCF) compared to the output in the previous month, translating to an average daily production of 7,502.28mmscfd. For the period July 2020 to July 2021, a total of 2,891.53BCF of gas was produced representing an average daily production of 7,305.43mmscfd.
Period-to-date production from Joint Ventures (JVs), Production Sharing Contracts (PSCs) and NPDC contributed about 58.67 per cent, 20.45 per cent and 20.89 per cent respectively to the total national gas production.
