The Nigerian National Petroleum Company (NNPC) has generated N1.7 trillion from crude oil sales in the last 12 months.
This is even as Lagos State reportedly consumed about 149.33 million litres of Premium Motor Spirit(PMS) in two weeks, according to data released by NNPC Limited.
According to the Corporation’s monthly and financial report for August, the sum was earned from March 2020 to March 2021 after it lifted a total of 108 million barrels of crude oil within the year, at an average price of $43 per barrel.
A breakdown of the report showed that, in March 2020, the oil and gas firm lifted approximately 9, 490mn/b; 11, 437mn/b in April; 5, 113m/b in May; 6,274mb in June; and 8,546m/b in July.
In August, NNPC said, it lifted 8, 546mn/b; 8, 490mn/b in September; 10, 333mn/b in October; 9, 532mn/d in November; and 7, 539mn/b in December 2020.
In January 2021, it lifted 5, 542mn/b; 9, 397mn/b in February, and 7, 553mn/b in March 2021, making it a total of 108 million barrels for the period under review.
The crude, NNPC said, was lifted from the daily allocation for domestic utilisation translating to an average volume of 243,650 barrels of oil per day in terms of performance.
