Seemberg News

Latest Nigeria Business News

Pipeline vandalism increased by 77 per cent in June, says NNPC


The Nigerian National Petroleum Corporation (NNPC) has said it recorded 77 per cent rise in cases of oil pipeline vandalism across the country in June.

The corporation’s Monthly Financial and Operations Report (MFOR) for June said 106 pipeline points were breached, an increase from the 60 points vandalised in May.

A statement yesterday in Abuja by the corporation’s Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, explained that the Aba-Enugu axis in the system 2E pipeline corridor accounted for 25 per cent of the total pulverised points, while the Lagos Atlas Cove-Mosimi axis of the system 2B had 23 per cent of the compromised pipeline points.

The statement said the Ibadan-Ilorin leg of the System 2B pipeline accounted for 18 per cent of affected lines.

This was followed by the Port Harcourt-Aba section of the system 2E, which was responsible for 13 per cent of the affected pipeline. NNPC added that other areas accounted for the remaining 21 per cent of cumulative line breaks.

The monthly report, which is part of the corporation’s strategies to open its operations, activities and finances to the public, stated that despite the wanton breaches of its critical pipeline network during the period, it ensured continuous fuel supply and effective distribution across the country.

NNPC said during the month under review, 1.76 billion litres of Premium Motor Spirit (PMS) or petrol, translating to 58.65 million litres/day were supplied and effectively distributed.

The corporation noted that to sustain the adequate products supply and distribution in the downstream sector, it continued to monitor the daily stock of PMS across the nation.

In the gas sub-sector, the June report stated that 223.98 billion Cubic Feet (BCF) of natural gas was produced in the month under review, translating to an average daily production of 7,466.09 million standard cubic feet per day (mmscfd). The figure posted a slight increase of 0.11 per cent, compared with the previous month’s gas production.

For June, last year, to June this year, a total of 3,063.89 BCF of gas was produced, representing an average daily production of 7,873.58 mmscfd during the period.

Period-to-date Production from Joint Ventures (JVs), Production Sharing Contracts (PSCs) and NPDC contributed about 68.93 per cent, 21.34 per cent and 9.74 per cent, to the total national gas production.

The June 2019 MFOR was the 47th in the series.

Previous Article

Court summons AGF, EFCC over Yari’s property

Next Article

Ganduje spends N300m to improve water supply

You may also like

Leave a Reply

Your email address will not be published. Required fields are marked *