The destruction of oil installations in Nigeria doesn’t seem to be abating as vandals still sustain their terror on facilities.
A latest record from the Nigeria National Petroleum Corporation, NNPC, in December last year indicated that pipeline breaches across the Nigeria rose by an alarming 34 per cent
The corporation’s Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, announced this in a release on Sunday in Abuja.
Ughamadu said the upward swing in the breaches was captured in the corporation’s Monthly Financial and Operations Report for December, 2018, explaining that within the period, 257 pipeline points were vandalized, out of which one pipeline point failed to be welded and six pipeline points were ruptured.
NNPC recorded 197 breaches on it pipelines in November last year.
Ibadan-Ilorin, Mosimi-Ibadan, and Atlas Cove-Mosimi network accounted for 90, 69 and 57 compromised points respectively or approximately 34 per cent, 26 per cent and 22 per cent of the vandalized points respectively.
Aba-Enugu pipeline link accounted for seven per cent, with other locations accounting for the remaining 11 per cent of the pipeline breaks.
Despite, the activities of the pipeline vandals, the report said the corporation continued to diligently monitor the daily stock of Premium Motor Spirit (PMS), otherwise called petrol, to achieve smooth distribution of petroleum products and zero fuel queue across the Nation.
The release disclosed that 1.80 billion litres of PMS, translating to 58.17m liters/day were supplied for the month.
Overall, during the month under review, 1.96 billion litres of white products were distributed and sold by NNPC Downstream subsidiary, Petroleum Products Marketing Company (PPMC), compared with 1.09 billion litres in the market in the November 2018.
This comprised 1.94 billion litres of PMS, 0.0070 billion litres of kerosene and 0.014 billion litres of diesel. Total sale of white products for the period, December 2017 to December 2018, stood at 21.84 billion litres and PMS accounted for 20.17 billion litres or 92.36 per cent.
In terms of value, ₦241.46 billion was made on the sale of white products by PPMC in December 2018, compared to ₦146.56 billion sales in the November 2018
Total revenues generated from the sales of white products for the period December 2017 to December 2018 stood at ₦2,778.32 billion, with PMS contributing about 89.63 per cent of the total sales with a value of ₦2,490 billion.
The NNPC said that despite the disturbing reports of breaches on its assets, the corporation on the whole posted a positive outlook in December, 2019.
The Monthly Financial and Operations Report said NNPC posted trading surplus of ₦12.13 billion in December last year, a leap from recent past performances. r.d(t,”inse