NNPC Monthly Financial Report – September 2015

The monthly financial report of the Nigerian National Petroleum Corporation (NNPC) is out. The report is one of the initiatives of the new GMD of the Corporation. The importance of the report is to ensure probity, transparency and accountability in the conduct of NNPC and being the largest contributor the the Nigeria government revenue, all eyes are on NNPC.



SUMMARY

National Crude Oil & Natural Gas Production, Lifting and Utilization

National Crude Oil & Condensate Production A total of 63.34 million barrels of crude oil & condensate was produced for the month of August 2015 representing an average daily production of 2.04 million barrels .This represents a decline of production by about 6.16% relative to July, 2015 performance. Of the August, 2015 Production, Joint Ventures (JVs) and Production Sharing Contracts (PSC) contributed about 32.40% and 41.84% respectively. While other production arrangements accounted for 25.76%. The tables and charts below provide details of the National Crude Oil & Condensate Production for the period January to August 2015.



Utilization of Crude Oil for Domestic Product Supply

In August 2015, NNPC lifted 10,902,373 barrels of Crude Oil for domestic utilization translating to an average volume of 351,689 barrels of oil per day. In order to meet domestic product supply requirement for the month of August 2015, 6,643,327 barrels of crude oil was processed through Offshore Processing Agreements (OPA), 2,397,681 barrels was processed in the domestic refineries and the balance of 1,861,365 barrels was sold in the export market. Tables and charts below provide details of NNPC’s Utilization of Crude Oil for Domestic Product Supply for the period of January to August 2015



Refinery Operations

Capacity Utilization: Total Crude processed by the three Refineries, for the month of September was 261,371.14 bbls (35,648 MT) which translates to a combined capacity utilization of 1.96%. During the period under review, Only PHRC produced 31,008million MT of Petroleum Products out of 35,648 MT (261,371.14 bbls) of crude processed at an average capacity utilization of 5.77%.

www.nairaland.com/attachments/3027163_csj6reaueaainyb_jpeg4a95f3b144f8ff40fc1ed04088dcb790

http://www.newsheadlines.com.ng/latest-business/2015/10/31/nnpc-monthly-financial-report-september-2015/

Seen.

Only Port Harcourt refinery operated within the period, that could be responsible for the partial fuel scarcity.

Lalasticlala come and see! let Nigerians know why the economy is nosediving

DOWNLOAD THE FULL REPORT HERE

Realdeals:
Only Port Harcourt refinery operated within the period, that could be responsible for the partial fuel scarcity

Don't worry, Baba's body odour will fix other refineries.

Oh it reached FP? Choii I came late


wow I see. Billion billions

No wonder SouthEasterners are writing many articles to claim SS is their own.

Port Harcourt has turned to "Igwuocha"
(hmm sweet Igbo name)

"SS must be part of Biafra"- SE
The biafran struggle is a lust for sole control of Niger Delta goodies.

SE wants SS land not the SS people.

When Ibe Kachikwu was made NNPC GMD they said "he is not really Igbo, infact he is not Igbo. He is Delta."
But now its Biafran struggle they say: "Delta is Igbo; Delta is Biafran. Infact Kachikwu is an Igbo."

"We want your land not you"- SE

I was at Unizik. Guys were discussing how Biafra will have excess money if Biafra is formed.
Listening to their analysis they were dreaming about ND oil. :/

Biafra to Northerners: "Allow us to milk SS dry alone." chaiii
This riverine people don suffer

SS PLS RUN FOR YA LIFEEEE

calebo101:
When are they going to begin publicising reports of the illegal mining going on in the North everyday? We have Excess crude account, where is excess agriculture account? Where is excess mineral account?

How long will Niger Delta resources feed the nation? When will they stop profiteering from just a region? True federalism will be actualised much sooner than later, that i believe.

I am confused here, you are not happy that we have a more transparent running of the NNPC? Or could you just not help your natural instinct at some false one upmanship of a region you have learnt to villify at the expense of holding your own local leaders to account?

follow www.twitter.com/iam_starcute to get followed

Good omen. We hope other MDAs like NPA, Custom, FIRS, CAC, e.t.c. can follow suits.

Wa o! See 'CHANGI' not seen may many years ago

calebo101:
When are they going to begin publicising reports of the illegal mining going on in the North everyday? We have Excess crude account, where is excess agriculture account? Where is excess mineral account?

How long will Niger Delta resources feed the nation? When will they stop profiteering from just a region? True federalism will be actualised much sooner than later, that i believe.

illegal mining of crude oil in the north, abi?

I am not surprised- no brain.

kudos... a new sheriff is in town true true whether they like it or nooot

SkyBlue1:


I am confused here, you are not happy that we have a more transparent running of the NNPC? Or could you just not help your natural instinct at some false one upmanship of a region you have learnt to villify at the expense of holding your own local leaders to account?

You don't understand wailers are allergic to good News.

Summary in shot!
Cc Ishilove, lalasticlala

For how long shall the Niger Delta continue to feed this country to our own detriment

Our aquatic life is completely gone. With nothing to show for it

Hmm. Not bad. Finally seen a little change

See celebrity dating site here oyiom. Com

Realdeals:

www.nairaland.com/attachments/3027163_csj6reaueaainyb_jpeg4a95f3b144f8ff40fc1ed04088dcb790

http://www.newsheadlines.com.ng/latest-business/2015/10/31/nnpc-monthly-financial-report-september-2015/

Yuyu

That is good move by the NNPC. Let me find the full report, then I can say something.

Okkk

hmmmmm, i have seen it





TODAY IS MY BIRTHDAY, CAN YOU WISH ME WELL ON MY PROFILE?
https://www.nairaland.com/2704011/see-female-ex-corper-turned-blogger

Check out Why the whole Nigeria is scared of Biafra. www.nairaland.com/2706891/what-want-biafra-look-like

check sasuwa physics tutorial blog you will be surprised

Once it comes to numbers, my brain just shuts down! Guys can you imagine I didn't even understand "jack" in what I just finished reading? Well that's why we got a minister then!!

These thread is for older pple na @lalasticlala

Wait

hmmmmm.

How come we are now broke? They should look for another story joor