NNPC Posts $490m Crude Oil, Gas Export


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Kasim Sumaina in Abuja

The Nigerian National Petroleum Corporation (NNPC) on Sunday said it posted a total of $490.03 million in export of crude oil and gas in February 2019, indicating a 32.45 per cent rise over the previous month’s sale.

The NNPC Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, in the February 2019 edition of the corporation’s monthly financial and operations report (MFOR) in Abuja, stated that crude oil export sales contributed $350.29 million (71.48 per cent) of the dollar transactions compared with $240.23 million contribution in the previous month.

The report, being the 43rd edition of the NNPC MFOR, explained that the export gas sales amounted to $139.74 million in the month under review, stating that the February 2018 to February 2019 crude oil and gas transactions indicated that crude oil & gas worth of $5.94 billion was exported.

The report also announced a…

Source: Thisday Newspaper