The Monthly Financial and Operations Report for April, 2018, released by the Nigerian National Petroleum Corporation (NNPC) in Abuja on Thursday showed that a total of 166 pipeline break points were recorded in the period.
The latest statistics represents a 48.21 percent reduction in the rate of pipeline vandalism which fell to 166 from 224 vandalized points in the preceding month of March, 2018.
The report which is the 33rd edition since NNPC commenced the publications, indicated that the Aba-Enugu pipeline segment accounted for 78 vandalized points, representing 84.78 percent of total vandalized points on the nation’s network of products pipelines
According to the report, the NNPC consolidated on its operational performance with a trading surplus of N17.16 billion in the month of April, 2018.
NNPC spokesman Mr. Ndu Ughamadu, who disclosed this in a statement, noted that it was a N5.43 billion improvement representing 46.29 percent on the trading surplus recorded in the previous month of March, 2018.
It further noted that the trading surplus was achieved through a combined higher performance by the upstream, midstream (refineries) and downstream sectors as well as a reduction in corporate headquarters’ operational expenditure.
On gas production, the report indicated that the average daily production for April, 2018, was 8,054.46 billion cubic feet (bcf), out of which an average of 835.27 million metric standard cubic feet (mmscf), equivalent of 3,283 megawatts of electricity, was supplied to the power sector daily during the period under review.
The report further showed that in the period under review, a total of 1.61 billion litres of petrol was supplied in Nigeria by the NNPC.