• Home
  • About Us
  • Contact Us
Friday, July 18, 2025
Star Lite News
  • Home
  • News
    • All
    • Business
    SunTrust Bank

    $12M Money Laundering Trial: SunTrust Bank MD Halima Buba, Executive Face EFCC Witness Testimony in Court

    Buhari

    National Tribute: Public Holiday Declared in Memory of Buhari’s Service to Nigeria

    Okpebholo

    Governor Okpebolo Floors PDP At The Supreme Court

    NYSC

    NYSC Sanctions Corps Member Raye Over Criticism of President Tinubu, Sparks Outrage

    Suspension

    Benue Governor Alia Suspends Chief Press Secretary Indefinitely

    EFCC

    EFCC Declares MD Of Fargo Oil Firm Wanted Over N976million Fraud

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Entertainment
    Mike Ejeagha

    ‘Gwogwogwo’ Music Legend Mike Ejeagha, Dies At 95 After Battling Prostate Cancer For 16 Years

    AMVCA

    AMVCA 2025 Awards: Full List Of Winners As Chioma Chukwuka, Femi Adebayo Win Best Actress, Actor

    Nathaniel Bassey

    Nigeria’s Gospel Music Maestro Nathaniel Bassey To Minister At Trump’s Inaugural Prayer Breakfast

    Doris Ogah

    Doris Ogah Becomes 45th Miss Nigeria

    Netflix

    Netflix Investments Give Life To Nollywood Projects

    BBNaija

    STREEZE become the third pair of housemates to be evicted from season 9 of the #BBNaija show

  • Lifestyle
    • All
    • Food
    GTCO Food and Drinks Festival

    Announcing The 2024 GTCO Food And Drink Festival: A Celebration Of Authentic Flavours

    MKH staff celebrate Chairman’s Mother as she clocks 66…

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Business
  • Politics
  • World
No Result
View All Result
  • Home
  • News
    • All
    • Business
    SunTrust Bank

    $12M Money Laundering Trial: SunTrust Bank MD Halima Buba, Executive Face EFCC Witness Testimony in Court

    Buhari

    National Tribute: Public Holiday Declared in Memory of Buhari’s Service to Nigeria

    Okpebholo

    Governor Okpebolo Floors PDP At The Supreme Court

    NYSC

    NYSC Sanctions Corps Member Raye Over Criticism of President Tinubu, Sparks Outrage

    Suspension

    Benue Governor Alia Suspends Chief Press Secretary Indefinitely

    EFCC

    EFCC Declares MD Of Fargo Oil Firm Wanted Over N976million Fraud

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Entertainment
    Mike Ejeagha

    ‘Gwogwogwo’ Music Legend Mike Ejeagha, Dies At 95 After Battling Prostate Cancer For 16 Years

    AMVCA

    AMVCA 2025 Awards: Full List Of Winners As Chioma Chukwuka, Femi Adebayo Win Best Actress, Actor

    Nathaniel Bassey

    Nigeria’s Gospel Music Maestro Nathaniel Bassey To Minister At Trump’s Inaugural Prayer Breakfast

    Doris Ogah

    Doris Ogah Becomes 45th Miss Nigeria

    Netflix

    Netflix Investments Give Life To Nollywood Projects

    BBNaija

    STREEZE become the third pair of housemates to be evicted from season 9 of the #BBNaija show

  • Lifestyle
    • All
    • Food
    GTCO Food and Drinks Festival

    Announcing The 2024 GTCO Food And Drink Festival: A Celebration Of Authentic Flavours

    MKH staff celebrate Chairman’s Mother as she clocks 66…

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Business
  • Politics
  • World
No Result
View All Result
Star Lite News
No Result
View All Result
Home Press Release

NNPC Records $224.29million Proceeds From Export of Crude Oil, Gas In August

starliteadmin by starliteadmin
February 9, 2022
in Press Release
0
0
SHARES
0
VIEWS
Share on FacebookShare on WhatsAppShare on Twitter

The Nigerian National Petroleum Company (NNPC) Limited posted a total of $224.29million receipt from crude oil and gas export in August 2021 as against $191.26million in July 2021.

A breakdown of the figures captured in the August 2021 NNPC Monthly Financial and Operations Report (MFOR) indicates that export of crude oil amounted to $7.77million while gas and miscellaneous receipts stood at $65.26 million and $151.26million respectively.

Total crude oil and gas export receipt for the period of August 2020 to August 2021 stood at $1.84billion.

In the Gas Sector, a total of 233.57billion cubic feet (bcf) of natural gas was produced in the month of August 2021 translating to an average daily production of 7,534.67million standard cubic feet per day (mmscfd).

For the period of August 2020 to August 2021, a total of 2,890.67bcf of gas was produced representing an average daily production of 7,303.61mmscfd during the period.

Period-to-date production from Joint Ventures (JVs), Production Sharing Contracts (PSCs) and the Nigerian Petroleum Development Company (NPDC) contributed about 57.51%, 20.88% and 21.62% respectively to the total national gas production.

The report also indicates that out of the 208.64bcf of gas supplied in August 2021, a total of 131.35bcf was commercialized, consisting of 40.22bcf and 91.13bcf for the domestic and export markets respectively.

This translates to an average total supply of 1,297.54mmscfd to the domestic market and 2,939.31mmscfd of gas to the export market for the month.

Total gas supply for the period of August 2020 to August 2021 stood at 2,792.28bcf out of which 537.51bcf and 1,245.93bcf were commercialized for the domestic and export markets respectively.

In the Downstream Sector, a total of 1.532billion litres of white products were sold and distributed by the Petroleum Products Marketing Company (PPMC), a downstream subsidiary of the NNPC, in the month of August 2021.

A breakdown of the figure indicates that petrol accounted for 99% of total sales, while Automotive Gas Oil (AGO), also known as diesel, accounted for the rest.

Total sale of white products for the period of August 2020 to August 2021 stood at 20.032billion with petrol accounting for 99.81%.

In terms of value, a total sum of ₦203.43billion was made on the sale of white products by PPMC in the month of August 2021.

Total revenues generated from the sales of white products for the period of August 2020 to August 2021 stood at ₦2.619trillion with petrol contributing about 99.76% of the total sales with a value of ₦2.613trillion.

In August 2021, 21 pipeline points were vandalized representing 50% decrease from the 42 points recorded in July 2021.

According to the report, Port Harcourt area accounted for 10%, while Mosimi Area accounted for 90% of the vandalized points.
The August 2021 MFOR, the 73rd in the series, highlights NNPC’s activities for the period of August 2020 to August 2021.

In line with the Company’s commitment to the principles of accountability, transparency and performance excellence, the NNPC Ltd. has continued to sustain effective communication with stakeholders through the publication of the MFOR on its website, in national dailies, and on independent online news platforms.

Tags: Garba Deen MuhammadGroup General ManagerGroup Public Affairs DivisionNNPCNNPC Limited
Previous Post

Valentine: Fidelity Bank Set To Delight Customers With Euphoria Event

Next Post

UBA Gifts Customers Awesome Digital Experience at Valentine with New Internet Banking

starliteadmin

starliteadmin

Related Posts

Fidelity Bank Promotes Quality Education in Nasarawa…

Fidelity Bank Promotes Quality Education in Nasarawa…

by starliteadmin
July 17, 2025
0

Leading financial institution, Fidelity Bank Plc, has highlighted its dedication to community-focused interventions with the donation of a newly renovated...

Polaris Bank

Polaris Bank Commits to continuous Investment in Journalism Excellence

by starliteadmin
July 15, 2025
0

Polaris Bank is set to host the 2025 edition of its Annual Media Capacity Seminar on July 17, 2025, from...

Melissa Kariuki

Melissa Kariuki joins the GRAMMYs: A win for African tech, music, and women in leadership

by starliteadmin
July 14, 2025
0

Johannesburg.14.07.2025 - Kenyan entrepreneur Melissa Kariuki, founder of music-tech company Whip Music, has been selected to join the Recording Academy’s...

Polaris Bank

Polaris Bank, Woodhall Capital, & Helios Investment Launched 1.5 Billion Creative Sector Fund

by starliteadmin
July 14, 2025
0

Woodhall Capital, in partnership with Polaris Bank and Helios Investment, has unveiled a ₦1.5 billion Creative Sector Fund aimed at...

Odegade

Builder Abdulhakeem Odegade Commiserates with Ijebuland Over Oba Adetona’s Death

by starliteadmin
July 13, 2025
0

Akmodel Group Managing Director, Builder (Dr.) Abdulhakeem Odegade, expressed deep sorrow as Nigerians continue to come to terms with the...

Akmodel

Akmodel Boss Commiserates with Nigerians Over Buhari’s Passing

by starliteadmin
July 13, 2025
0

Akmodel Group MD, Builder (Dr.) Abdulhakeem Odegade, has joined the nation in mourning the death of Nigeria’s former President, Muhammadu...

Next Post

UBA Gifts Customers Awesome Digital Experience at Valentine with New Internet Banking

Leave a Reply Cancel reply

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

Popular Posts

  • Tinubu and Timothy

    Prince Chukwudi Timothy Appeals For Dialogue Instead Of Nationwide Protest

    0 shares
    Share 0 Tweet 0
  • Peter Obi says victory of Christ the King College at World Affairs Challenge heartwarming

    0 shares
    Share 0 Tweet 0
  • Family reveals Ifeanyi Ubah’s burial date

    0 shares
    Share 0 Tweet 0
  • ACEACRES24: Akmodel MD Makes Presentations At The 2Days Event (Photos)

    0 shares
    Share 0 Tweet 0
  • Legends of Nollywood Financial Summit Is Here, Meet The Speakers: Apostle Anselm Madubuko, Mrs. Bukola Agbaminoja, Pst. Moji Bakare Asieru-sweet, Others

    0 shares
    Share 0 Tweet 0

Recent Posts

  • LOPE Chairman Justice Mmadubugwu Weds Longtime Partner Ifunanya in Elegant Ikeja Civil Ceremony (Photos)
  • Fidelity Bank Promotes Quality Education in Nasarawa…
  • $12M Money Laundering Trial: SunTrust Bank MD Halima Buba, Executive Face EFCC Witness Testimony in Court
  • Polaris Bank Commits to continuous Investment in Journalism Excellence
  • Melissa Kariuki joins the GRAMMYs: A win for African tech, music, and women in leadership
Starlite news icon

Browse by Category

Archives

  • Home
  • About Us
  • Contact Us

© 2022 | Crafted with ❤ by Claridan - Adsvance Digitals.

No Result
View All Result
  • Contact Us
  • About Us
  • Business
  • Politics
  • World
  • Entertainment
  • Lifestyle

© 2022 | Crafted with ❤ by Claridan - Adsvance Digitals.

  • https://starlitenews.com.ng/2024/04/27/foremost-banker-jim-ovia-appointed-chairman-of-nigerian-education-loan-fund-by-president-tinubu/
  • https://starlitenews.com.ng/2024/12/19/addressing-nnpcls-misinformation/
  • https://starlitenews.com.ng/2024/06/10/eid-farm-zone-excites-customers-with-nigerias-largest-livestock-inventory/
  • https://starlitenews.com.ng/2024/03/24/hunger-dangote-spends-n15bn-on-food-intervention-programme-across-nigeria/
  • https://starlitenews.com.ng/2024/04/17/nigeria-correctional-service-moves-bobrisky-from-ikoyi-to-kirkiri-prison/