The Nigerian National Petroleum Corporation has announced a trading surplus of N6.33 billon for May 2019, a figure which is 13 per cent higher than the N5.60 billion surplus posted in the preceding month of April 2019.
The report further indicated that within the period, the NNPC recorded a total of $580.32 million in export sale of crude oil and gas which is 23.39 per cent higher than the previous month’s figure. In the downstream, to ensure uninterrupted supply and effective distribution of petrol across the country, a total of 2.06bn litres of petrol translating to 66.49mn litres/day were supplied for the month of May 2019.
The Atlas Cove-Mosimi and Ibadan-Ilorin pipelines accounted for 38 per cent and 23 per cent respectively and other locations accounted for the remaining 39 per cent of the total breaks.
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