Nigeria’s state owned oil giant on Wednesday raised an alarm on the increasing menace of oil pipeline vandalism, which hit a record high of 228 pulverized points in July.
The breached lines represented an increase of 115 percent from the 106 vandalized points recorded in June 2019, the Nigerian National Petroleum Corporation (NNPC) said in its Monthly Financial and Operations Report (MFOR) for July, released in Abuja.
Out of the vandalized points, 15 failed to be welded, while five points were ruptured, the report said.
The southeast Aba-Enugu axis, according to the report, accounted for 35 percent of the breaks, while oil rich Port Harcourt (PHC)-Aba route recorded 22 percent, with Ibadan-Ilorin layout hitting a 16-percent mark.
Similarly, the report revealed that the Lagos Atlas Cove-Mosimi Zone logged 12 percent with other locations recording the remaining 15 percent of the breaks.
On supply of products, the NNPC report said a total of 1.73 billion liters of the Premium Motor Spirit (PMP) also known as petrol, translating to 55.74m liters/day, were supplied for the month under review.
On gas supply, a total of 730 million standard cubic feet of gas per day (mmscfd) was delivered to gas fired power plants in the month of July to generate an average power of about 2,864MW.
According to the report, a total of crude oil and gas export receipt of 390.33 million U.S. dollars was recorded in month under review as against 312.93 million U.S. dollars in June 2019.
Contribution from crude oil amounted to 250.35 million US. dollars, while gas and miscellaneous receipts stood at 76.28 million U.S. dollars and 63.71 million U.S. dollars respectively.
The report, which is the 48th edition of the NNPC MFOR, indicated an improved trading surplus of 4.26 billion naira (about 11.75 million U.S. dollars) compared to the 3.92 billion naira surplus posted in June 2019.
The increase of 3.62 percent in the month is due largely to the enhanced surplus posted by the Nigerian Gas Company (NGC), arising from half-year adjustments; coupled with increased surplus recorded by the Petroleum Products Marketing Company, the report said. Enditem