Africa Press-Nigeria:
The Nigerian National Petroleum Corporation (NNPC) on Wednesday said it recorded a 43 percent drop in oil pipeline vandalism in the month of May, 2020.
The national oil company stated this in a statement by its Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru on Wednesday, explaining that details of the report contained in the May 2020 version of the NNPC Monthly Financial and Operations Report (MFOR) indicated that 37 pipeline points were vandalized representing about 43 per cent decrease from the 65 points recorded in April 2020.
A further breakdown showed that Mosimi-Ibadan pipeline axis accounted for 38 per cent of the vandalized points while Atlas Cove-Mosimi axis recorded 19 per cent of the breaks. Suleja-Kaduna logged 16 per cent of the breaks, while other locations made up the remaining 27 per cent.
According to the NNPC, the corporation, in collaboration with the local communities and other stakeholders, would continuously strive to bring the malaise under control.
The NNPC May report also stated that the corporation had continued to diligently monitor the daily stock of Premium Motor Spirit (PMS), otherwise called petrol, to achieve smooth distribution of the products to ensure zero fuel queue across the nation.
It further stated that to this end, 950.67million litres of white products were sold and distributed by the corporation’s downstream subsidiary, the Petroleum Products Marketing Company (PPMC), in May, 2020.
This, it said, comprised 950.67million litres of PMS only with no Automotive Gas Oil (AGO) or Dual Purpose Kerosene (DPK), adding that there was no sale of special product in the month.
The report also disclosed that total sale of white products for the period May 2019 to May 2020 stood at 19,865.80 million litres and PMS accounted for 19,704.49million litres or 99.19 per cent.
The report further stated that ₦92.58billion was made on the sale of white products by PPMC in May 2020, while total revenue generated from the sales of white products for the period May 2019 to May 2020 stood at ₦2,393.88billion, where PMS contributed about 98.84 per cent of the total sales with a value of ₦2,366.15billion.
