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NNPC sells $120.49m volume of oil, gas as trading surplus dips

The Nigerian National Petroleum Corporation (NNPC), yesterday, said the country exported $120.49 million worth of crude oil and gas in September 2020.

Nigeria made $120.49m from oil exports in September – NNPC

Punch Newspapers Sections Okechukwu Nnodim, Abuja The Nigerian National Petroleum Corporation on Sunday announced a total export receipt for crude oil and gas valued at $120.49m for the month of September 2020. NNPC’s Group General Manager, Group Public Affairs Division, Kennie Obateru, said the figure was contained in the September 2020 edition of the corporation’s Monthly Financial and Operations Report. He said in a statement issued in Abuja that the $120.49m crude oil and gas export receipt was a 16.28 per cent improvement on the $100.88m posted in August 2020. The report showed that out of the figure, proceeds from crude oil amounted to $85.40m, while gas and miscellaneous receipts stood at $25.31m and $9.78m respectively.

Nigeria Earned $120.49m From Crude Oil, Gas Export In September- NNPC

Nigeria recorded a combined earnings of $120.49 million from export of crude oil and gas in September 2020, a latest report by the Nigerian National Petroleum Corporation (NNPC) has stated. The earnings was disclosed in the September 2020 Monthly Financial and Operations Report (MFOR) of the NNPC made available on Sunday. The corporation stated that the $120.49 million crude oil and gas export receipt was 16.28 per cent improvement on the $100.88 million reported in August 2020. A breakdown of the earnings showed that proceeds from crude oil amounted to $85.40 million while gas and miscellaneous receipts stood at $25.31 million and $9.78 million, respectively. Data in the September 2020 MFOR also revealed a trading surplus of ₦28.38 billion,  an amount that is slightly lower than the ₦29.60 billion trading surplus in August 2020.

NNPC records ₦28.38bn trading surplus in Sept — Report

The Nigerian National Petroleum Corporation (NNPC) says it recorded a trading surplus of ₦28.38 billion in September 2020

Gas Distribution: Shell Nigeria Gas signs 20-year deal with manufacturers, others

Gas Distribution: Shell Nigeria Gas signs 20-year deal with manufacturers, others On Kindly Share This Story: Managing Director, Shell Nigeria Gas, Ed Ubong (right) and the Managing Director, Nigerian Gas Marketing Company, Faruk Usman, after signing a 20-year Gas Distribution Agreement in Abuja… recently. By Udeme Akpan, Energy Editor Gas utilization is set to expand in Nigeria as Shell Nigeria Gas (SNG), has signed a 20-year agreement with manufacturers and other users in Lagos and Ogun States. In a statement obtained by Vanguard, Shell, which referred to the agreement as, ‘the new deal with the Nigerian Gas Marketing Corporation (NGMC),’ disclosed that, SNG will also extend its distribution network to Badagry to serve a new market in the border community.

NNPC records $120.49m crude oil receipt in September - National Accord Newspaper

Nigeria: No Cause for Alarm Over Lagos Pipeline Leak - NNPC

Panic as Julius Berger ruptures gas pipeline on Lagos-Ibadan Expressway

Panic as Julius Berger ruptures gas pipeline on Lagos-Ibadan Expressway • Julius Berger should be punished, says NEMA Chukwudi Akasike, Samson Folarin, Deji Lambo, Okechukwu Nnodim and Daud Olatunji Residents of Arepo and Magboro in the Obafemi Owode Local Government Area of Ogun State, as well as motorists and commuters, were in panic on Wednesday after a gas pipeline belonging to the Nigerian National Petroleum Corporation was ruptured by employees of Julius Berger Nigeria Plc, who were working on the Lagos-Ibadan Expressway. The incident occurred around 9.30am in front of PUNCH Place, headquarters of Punch Nigeria Limited in, Magboro, Ogun State.

Gas Pipeline Break: NNPC assures of safety around vicinity

NEMA confirms stoppage of gas pipeline leakage in Ogun

Daily Post Nigeria Published The agency said the Lagos-Ibadan expressway has also been reopened to commuters plying the road. NAN reports that the gas pipeline was unintentionally ruptured due to road construction activity early on Wednesday. Mr Ibrahim Farinloye, Acting Zonal Coordinator, South West Zonal Office, NEMA, who confirmed the development in a statement said, “The gas leakage has stopped about two hours ago and traffic has been open for commuters. “However, supplies of liquefied petroleum gas (LPG) into Lagos will commence after repairs are concluded on the ruptured pipeline. “The Nigerian Gas Marketing Company has mobilised specialists to commence repair work,” he said.