• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, August 29, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Natural Resources

NNPC makes N203bn from products sale in July

The Matters Press by The Matters Press
December 25, 2021
Reading Time: 3 mins read
0
NNPC makes N203bn from products sale in July

The Nigerian National Petroleum Company (NNPC) Ltd. says the Petroleum Products Marketing Company (PPMC), its downstream subsidiary made a sum of ₦203.73 billion on the sale of white products in July 2021.

RELATED POSTS

‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals

‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient

Tinubu succeeding where Obasanjo failed woefully, says TMSG

This is contained in the July 2021 figures of the NNPC Monthly Financial and Operations Report (MFOR), the 72nd edition of the Report released on Wednesday.

The report indicated a four per cent increase in Gas Production.

The report also revealed that total revenues generated from sales of white products for the period July 2020 to July 2021 stood at over ₦2.563 trillion where Premium Motor Spirit (PMS) contributed about 99.67 per cent of the total sales.

“Similarly, a total of 1.544 billion litres of petroleum products were sold and distributed by the PPMC, in July with PMS accounting for 99 per cent of total volume.

“Total sale of petroleum products for the period July 2020 to July 2021 stood at 19.535 billion litres and PMS accounted for 99.73 per cent of total volume, the report stated.

The report also indicated a 5.23 percentage increase in the average daily gas supply to power plants in the month of July.

This,  it said stood at 759 million standard cubic feet of gas per day (MMSCFD), equivalent to power generation of 3,250MW against the June figure of 721mmscfd to generate 3,181MW.

According to the report, national gas production in July increased by 3.99 per cent at 232.69 Billion Cubic Feet (BCF) compared to output in the previous month, translating to an average daily production of 7,502.28mmscfd.

“For the period July 2020 to July 2021, a total of 2,891.53BCF of gas was produced representing an average daily production of 7,305.43mmscfd.

“Period-to-date production from Joint Ventures (JVs), Production Sharing Contracts (PSCs) and NPDC contributed about 58.67 per cent, 20.45 per cent and 20.89 per cent respectively to the total national gas production,” the report said.

The report further noted that in the Downstream sector, to ensure sustained increase and effective distribution of petroleum products, especially PMS, nationwide, the NNPC has continued to diligently monitor the daily stock of petrol to achieve success in this regard.

In July, the MFOR noted that 42 pipeline points were vandalised representing 10.64 per cent decrease from the 47 points recorded in June.

This month, Port Harcourt area accounted for 40 per cent and Mosimi Area accounted for 60 per cent of the vandalised points.

In the Upstream, the report also stated that NNPC recorded total export receipt of 191.26 million dollars in July, as against 188.00 million dollars in June.

Receipts from crude oil amounted to 12.95million dollars while gas and miscellaneous receipts stood at 78.69million dollars and 99.61million dollars respectively, according to the report.

Total crude oil and gas export receipt for the period July 2020 to July 2021 stood at 1.73 billion dollars.

Tags: NNPC
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Nigeria regains top crude oil production spot in Africa
Energy

‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals

August 28, 2025
Who is lying, Obasanjo or NAN?
News

‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient

August 28, 2025
Obasanjo campaigns for AfCFTA
News

Tinubu succeeding where Obasanjo failed woefully, says TMSG

August 28, 2025
Tinubu explains mission as he marks second year in office
Economy/Technology

‎Tinubu in fresh ideas to grassroots-development using 8,809 wards initiative – TMSG ‎

August 9, 2025
Obi, PDP candidate advises Buhari to increase tempo
Economy/Technology

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

August 7, 2025
Importers face delays, higher costs on Red Sea woes
Economy/Technology

National Single Window initiative, a major step for efficient cross-border trade – TMSG

August 4, 2025
Next Post
Africa-Europe Alliance presents progress report

Nigeria, UK-based group in deal on Africa’s Intellectual Property

Power line to energise part of Oyo

TCN restores power supply after breakdown of 5 towers

Recommended Stories

Nigeria’s revenue dips by 60%

Effective regulations key to harnessing gains of PIA — Sylva

April 21, 2022
Itakpe-Warri rail kicks off after 30 years

Railway corporation generates N768.44m – NBS

June 14, 2023
Tinubu activates Presidential Delivery Tracker on project implementation

February 21, 2024

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • ‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals
  • ‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient
  • Tinubu succeeding where Obasanjo failed woefully, says TMSG

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us