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NNPC: We spent N49.69bn on pipeline repairs in 10 months February 01 Advertisement This was contained in NNPC’s financial and operation report for October 2020. According to the report, a total of 506 vandalised points were recorded within a year; October 2019 and October 2020. The breakdown of the total amount spent within 10 months by NNPC to repair and manage pipelines are as follows: N5.48 billion in January; N6.74 billion in February; N7.70 billion in March; N7.84 billion in April; N7.99 billion in May. Advertisement In June, a total cost of N6.24 billion was incurred: N1.80 billion in...

Punch Newspapers Sections ’Femi Asu With the challenge of pipeline vandalism lingering in the country, the Nigerian National Petroleum Corporation spent almost N50bn to repair and manage pipelines in 10 months. The NNPC’s latest monthly report showed that a total of 363 vandalised points were recorded from January to October 2020. The corporation spent N5.48bn on pipeline repairs and management cost in January; N6.74bn in February; N7.69bn in March; N7.84bn in April; N7.99bn in May and N6.24bn in June. It spent N1.80bn in July; N1.49bn in August; and N4.41bn in October. No repairs and man...

Sales of white products from October 2019 to October 2020 stood at N1.95 trillion

Okechukwu Nnodim, Abuja The Nigerian National Petroleum Corporation on Thursday said its downstream subsidiary, the Petroleum Products Marketing ...

  The Nigerian National Petroleum Corporation (NNPC) has said that it recorded a total of ₦158.04bn from the sale of white products in the month of October 2020. While white products include petrol, kerosene and diesel, the N158.04bn sales represent 92 per cent increase over the ₦80.15bn sales in September 2020. The is contained in the October 2020 edition of the NNPC Monthly Financial and Operations Report. According to the report, total revenues generated from the sale of white products for the period October 2019 to October 2020 stood at ₦1.95tn, with Premium Motor Spirit or petrol ...