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The Nigerian National Petroleum Corporation said on Sunday that the total sale of petroleum products for the period November 2019 to November 2020 stood at 17.031 billion litres, with petrol accounting for 16.911 billion litres or 99.29 per cent.
The Petroleum Products Marketing Company is principally engaged in the supply and marketing of refined petroleum products to marketers/retailers on behalf of the NNPC.
The corporation also announced in a statement that its trading surplus rose by 54 per cent to N13.43bn in November from N8.71bn recorded in October.
It said its monthly financial and operations report indicated that in November, its operating revenue decreased slightly by 0.02 per cent or N0.09bn to N423.08bn, compared to the previous month.
NNPC Earned $108 84m from Oil, Gas Exports in November thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.
It said that the amount indicated a 70.33 per cent increase compared to the October 2020 sales.
“Crude oil export sales contributed 73.09million dollars (67.15 per cent) of the dollar transactions compared with 12.38 million dollars contribution in the previous month; while the export gas sales amounted to 35.75 million dollars in the month.
“The total crude oil and gas export for the period of November 2019 to November 2020 stood at 2.89billion dollars,’’ it said. The report also revealed a trading surplus of ₦13.43billion for the month of November 2020 up by 54 per cent when compared to the ₦8.71billion surplus recorded in October 2020. It noted that the trading surplus or trading deficit was derived after deduction of the expenditure profile from the revenue in the period under review.
NNPC posts $108m for crude oil, gas export sales in November – Report – NTA ng – Breaking News, Nigeria, Africa, Worldwide nta.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nta.ng Daily Mail and Mail on Sunday newspapers.
The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of N13.43billion for the month of November 2020 up by 54% when compared to the N8.71billion surplus recorded in October 2020.