See How Much Money NNPC Raked Through Oil & Gas Export In August
Most of the time, stories coming out of the Nigeria National Petroleum Corporation, NNPC are always about corruption and losses that the firm makes on its finances.
The only time a story from the corporation is positive is when it concerns earnings, like this instance when it announced on Wednesday that its crude oil and gas export sale in August 2018 saw a spike.
According to NNPC, its oil and gas export in August this year was $470 million, indicating an upsurge of about $78 million in comparison to July oil and gas export figures of $391.91 million.
The NNPC's monthly financial and operations report for August 2018, which was released in Abuja on Wednesday by the corporation’s Group General Manager, Public Affairs Division, Ndu Ughamadu, indicated that crude oil export sales contributed $337.62 million, representing 71.83% of the dollar transactions when compared with the $283.43 million contribution in the previous month.
The report stated that export gas sales during the period amounted to $132.38 million, adding that the August 2017 to August 2018 crude oil and gas transactions involved crude oil and gas export worth $5.26 billion.
It further explained that based on the above sales figures, a total export receipt of $450.24 million was recorded in August 2018 as against $382.65 million in July 2018.
It said the contribution from crude oil during the period amounted to $336.43 million, while gas and miscellaneous receipt stood at $101.33 million and $12.48 million, respectively.
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