NNPC reveals record of 94 cent spike in oil theft - Ebysblog.com

NNPC reveals record of 94 cent spike in oil theft

The Nigerian National Petroleum Corporation (NNPC) on Sunday disclosed that it recorded a 94 in keeping with cent spike inside the instances of wilful hacking and destruction of its pipelines across the country final November. Energy Mix Reports.

The information, which fingered oil thieves as culprits, turned into contained inside the 53rd edition of the NNPC Monthly Financial and Operations Report (MFOR).

According to the file, 68 pipeline points have been vandalised, representing approximately 94 according to cent increase from the 35 factors that had been breached in October 2019. The document delivered that out of the vandalised factors, 15 didn’t be welded even as most effective pipeline factors had been ruptured.

A breakdown of the breach indicated that the Mosimi-Ibadan axis accounted for 31 according to cent of the breaks, Atlas Cove-Mosimi community witnessed 19 in step with cent, even as Ibadan-Ilorin and other routes accounted for 15 consistent with cent and 35 in keeping with cent respectively.

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The MFOR noted that NNPC, in collaboration with the local groups and different stakeholders, would continuously try to reduce and sooner or later get rid of this threat through powerful collaboration.

The document also disclosed that the each day common natural gas deliver to gasoline-powered vegetation in November final year increased through 16.53 in keeping with cent to 645mmscfd, equivalent to electricity era of 2,178MW. Comparatively, the October 2019 gasoline supply to energy averaged 553mmscfd to generate 2,050 MW, a release the day prior to this in Abuja with the aid of NNPC Acting Group General Manager, Group Public Affairs Division, Mr. Samson Makoji, has said.

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National gasoline production in November 2019 stood at 228.65 billion cubic feet (BCF), translating to an average every day production of 7,621.sixty eight million fashionable cubic feet per day (mmscfd).

From November 2018 to November 2019, a complete of 3,091.24 BCF of fuel become produced, representing an common each day production of 7,882.27mmscfd throughout the length, in line with the report.

A length-to-date Production from Joint Ventures (JVs), Production Sharing Contracts (PSCs) and Nigerian Petroleum Development Company (NPDC) contributed about 69.5 in step with cent, 21.06 in step with cent and 9.44 consistent with cent respectively to the whole national fuel production.

Out of the whole quantity of gas furnished in November 2019, 137.02BCF of fuel became commercialised, including 35.29BCF and 101.73BCF for the domestic and export marketplace respectively.

This interprets to a total supply of 1,176.40mmscfd of gasoline to the domestic marketplace and 3,391.04mmscfd of fuel supplied to the export marketplace for the month, implyingthat 59.91 in line with cent of the common each day gasoline produced became commercialized, even as the balance of 40.09 according to cent was re-injected, used as upstream fuel gas or flared.

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Gas flare charge changed into 8.29 in step with cent for the month under review, i.E. 632.37mmscfd, in comparison with an common gas flare fee of 8.80 according to cent, i.E. 692.97mmscfd for the duration November 2018 to November 2019

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Author: Eberechukwu Amadi

B.A English, Diploma in Journalism, Creative Blogger, Google Certified Digital Marketing Expert. For corrections and suggestions please email: admin@ebysblog.com

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