The Nigerian National Petroleum Corporation NNPC has announced a trading surplus of nine point eight-five billion naira for the month of September 2018, a figure which is higher than the previous month’s deficit of three point nine-zero billion naira.
Details of the report which is contained in the newly released September 2018 edition of the NNPC Monthly Financial and Operations Report indicated that the improved performance of thirteen point seven-five billion naira increase, relative to that of August 2018, is attributable to higher revenue by the Nigerian Petroleum Development Company NPDC, the corporation’s upstream subsidiary.
The Group General Manager, Group Public Affairs Division of the NNPC, Mr. Ndu Ughamadu, in the press release stated that Nigerian Petroleum Development Company’s production has been on the rise as a result of success recorded in repairs of vandalized pipeline in the Niger Delta and the resumption of crude oil lifting activities at Forcados Terminal.
He said a total crude oil and gas export sale of six hundred and twenty-six point six-two million dollars was made in September, 2018 under the Nigerian National Petroleum Corporation’s US dollar transactions which is thirty-three point-two per cent higher than the previous month.
The September 2018 NNPC Financial and Operations Report is the thirty eighth edition of the broadcast of the corporation’s books aimed at enhancing probity and transparency of the corporation.
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