NIGERIAN National Petroleum Corporation (NNPC) says it recorded 219 pipeline vandalised points in the month of October 2018 saying that tits pipeline network suffered a 42.9 per cent increase in the incidents of pipeline vandalism compared to the previous month during the year.
The Corporation raised the alarm on the increasing incidents of pipeline vandalism across the country, in a statement signed by NNPC Group Public Affairs Manager, Mr. Ndu Ughamadu, who said the 219 pipeline vandalised points in the month under review was almost twice the number in the month of September that recorded 125 incidents.
Ughamadu said the findings that were captured in the NNPC Monthly Financial and Operations Report for October 2018 revealed that among the breaches, four vandalised pipeline points failed to be welded and one point was ruptured.
The report stated that cases of vandalism of pipeline facilities were high along Ibadan-Ilorin and Aba-Enugu axis, accounting for 81 (40%) and 39 (18%) vandalised points, respectively.
Ughamadu said that despite the challenge posed by pipeline vandalism, the NNPC kept an eye on Premium Motor Spirit (PMS) stock level to ensure zero fuel queue across the nation.
The NNPC monthly report also stated that Nigeria earned $640.35m from the export of crude oil and gas for the month of October, 2018.
The report said the total export receipt of $640.35m recorded in October 2018 was higher than the $527.70m logged in September 2018, expatiating that the receipt showed $450.44m accrued from crude oil sale with gas and miscellaneous receipts standing at $173.92m and $15.99m, respectively.
In the downstream sector, the Petroleum Products Marketing Company (PPMC), a downstream subsidiary of NNPC, posted a receipt of ₦231.33bn from sales of white products in the month of October 2018 compared with ₦150.25bn sold in of September 2018.
Total revenues generated from the sales of white products for the period October 2017 to October 2018 stands at ₦2.684trn, where PMS contributed about 88.32 per cent of the total sales value of ₦2.371trn.
To ensure continuous increase of PMS supply and effective distribution across the country, a total of 1.66 billion litres of petrol, translating to 55.50milion liters/day, were supplied for the month under review.
The report noted that out of the 1,066.88 million standard cubic feet of gas per day (mmscfd) of gas supplied to the domestic market in October 2018, about 627.33mmscfd of gas representing 58.81 per cent was supplied to gas-fired power plants to generate an average power of about 2,349MW compared with the September 2018, where an average of 615mmscfd was supplied to generate 2,303MW.
The balance of 439.35mmscfd or 41.19 per cent was supplied to other industries.
Similarly, for the period of October 2017 to October 2018 an average of 1,188.58mmscfd of gas was supplied to the domestic market, comprising of an average of 744.06mmscfd or (62.60 per cent) as gas supply to the power plants and 444.52mmscfd or (37.40 per cent) as gas supply to industries.
About 3,096.18 mmscfd or 89.58 per cent of the export gas was sent to Nigerian Liquefied Natural Gas Company (NLNG) Bonny
