Nigerian National Petroleum Corporation, NNPC has said that vandalisation of crude oil pipeline dipped by 12.77 per cent, from 94 incidences in March 2017 to 82 in April 2017. The Corporation in its Monthly Financial and Operations Report for April 2017, said the decline in pipeline vandalisation was as a result of extensive engagement with oil and gas community stakeholders embarked upon by the Federal Government and the NNPC, which had continued to yield positive results.
In the statement signed by its Group General Manager, Public Affairs Division, Mr. Ndu Ughamadu, the NNPC explained that the April 2017 numbers also indicated substantial progress compared to corresponding period of April 2016 which recorded 214 incidents. In terms of products availability within the period, he noted that the NNPC maintained adequate stock of over 1.2 billion litres of petrol sufficient for more than 34 days forward consumption. He further stated that in an effort to reduce to the barest minimum the incidences of fire outbreak in the 21 depots across the country, the NNPC, in April, received bids from no fewer than 37 companies to supply six triple agent firefighting trucks for the operation of the Nigerian Pipelines and Storage Company (NPSC), one of its downstream subsidiaries.
He said, “NNPC has continued to import Automotive Gas Oil (AGO) and Aviation Turbine Kerosene (ATK) to supplement local refining, while the Central Bank of Nigeria, CBN continues to make available foreign exchange to marketers to import AGO and ATK.”
Ughamadu also disclosed that average national daily gas production stood at 242.32 Billion Cubic Feet, BCF or an average of 8.077 billion Standard Cubic feet per day (SCFD), representing 6.79 per cent increase relative to the previous month.
He added that, “Comparatively, the daily average natural gas supply to gas power plants slightly decreased to 672 million cubic feet per day (MMSCFD), or equivalent to power generation of 2,787 megawatts in April, 2017, relative to 689 mmscfd recorded in last month.
“However, this supply is also 22.85 per cent higher than the corresponding supply recorded in April 2016 of 547 mmscfd, the report stated.”
