The vandalism of oil pipelines in the downstream sector of
the petroleum industry recorded a drop of 12.77 per cent in April 2017, the
monthly financial and operations report of the Nigerian National Petroleum
Corporation has showed.
According to the report, which was released in Abuja on
Monday, downstream pipeline sabotage decreased from 94 vandalised points in
March to 82 in April, representing a 12.77 per cent reduction relative to the
previous month.
The April figures also indicated substantial progress
compared to the corresponding period of 2016 in which 214 incidents were
recorded.
In terms of products’ availability in the period, the
corporation’s Group General Manager, Group Public Affairs Division, Mr. Ndu
Ughamadu, noted that the NNPC maintained a stock of over 1.2 billion litres of
petrol, which was sufficient for more than 34 days’ forward consumption.
Ughamadu stated in a statement that during the period, the
corporation received bids from no fewer than 37 companies to supply six triple
agent firefighting trucks for the operation of the Nigerian Pipelines and
Storage Company, a downstream subsidiary of the NNPC.
The April 2017 report noted that the NNPC continued to
import Automotive Gas Oil or diesel, as well as Aviation Turbine Kerosene or
aviation fuel, to supplement local refining, while the Central Bank of Nigeria
had been making foreign exchange available to marketers to import AGO and ATK.
It further stated that the average national daily gas
production stood at 242.32 billion cubic feet or an average of 8,077.19 million
standard cubic feet per day, representing 6.79 per cent increase relative to
the previous month.
Comparatively, the daily average natural gas supply to gas
power plants slightly decreased to 672mmscfd, or equivalent to power generation
of 2,787 MW in April, relative to 689mmscfd recorded last month.
However, the supply was also 22.85 per cent higher than the
corresponding supply recorded in April 2016 of 547mmscfd, the report stated.
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