than the N5.60 billion surplus made in April.
The corporation disclosed this in its Monthly and Operations report
(MFOR) released on Sunday in Abuja
It attributed the rise to the increase in gas and power output and
surplus recorded by the corporation’s downstream entities like NNPC
Retail, Petroleum Products Marketing Company(PPMC), Nigerian Pipelines
Security Company(NPSC) and Duke Oil.
The report further indicated that within the period, the NNPC recorded a
total of 580.32 million dollars in export sale of crude oil and gas
which is 23.39 per cent higher than the previous month’s figure.
” Out of this number, crude oil export sales contributed 458.59 million
dollars which translates to 79.02 per cent of the entire dollar
transactions compared with 342.11 million dollars contributed in the
month of May,” it said.
It also showed that between May 2018 and May 2019, crude oil and gas
worth 5.97 billion dollars was exported.
On the downstream, the report noted that for the corporation to ensure
uninterrupted supply and effective distribution of petrol across the
country, a total of 2.06 billion litres of petrol translating to 66.49mn
litres/day were supplied for the month of May.
It noted that beyond supply, the corporation continued to monitor the
daily stock of petrol to achieve smooth distribution of petroleum
products and zero fuel queue across the nation.
“Within the period, a total of 60 pipeline points were vandalized which
represents 52 per cent decrease from the 125 points vandalized in April.
“The Atlas Cove-Mosimi and Ibadan-Ilorin pipelines accounted for 38 per
cent and 23 per cent respectively and other locations accounted for the
remaining 39 percent of the total breaks,” the report said.
The report attributed the improvement to the spirited efforts by NNPC in
collaboration with the local communities and other stakeholders to
continuously strive to reduce and eventually eliminate this menace.
The May 2019 NNPC MFOR is the 46th in the series, designed to provide
greater transparency and remove the perception of opacity associated
with the operations of the national oil company.
It will be recalled that the new NNPC Group of managing Director Malam
Mele Kyari and his team had pledged to enhance the current approach to
encourage increased citizen participation and greater accountability to
the public.