NNPC records N38.67bn from sale of petroleum products in Sept.

Abuja – The Nigeria National Petroleum Corporation
(NNPC), says it recorded N38.67billion from the sale of
downstream petroleum products in September.
This is contained in the corporation’s report for
September obtained by the News Agency of Nigeria
(NAN)in Abuja on Sunday.
It stated that the amount was in respect of revenue from
“white products” sold by the Pipelines and Product
Marketing Company (PPMC).
The white products include Automotive Gas Oil (AGO),
Household Kerosene (HHK), and Premium Motor Spirit
(PMS).
The report also indicated that NNPC generated N44.2
billion from the sale of white petroleum products in
August.
According to the report, the total revenue for white
products sold from January to September 2015 stood at
N461.1 billion.
It stated that the Premium Motor Spirit (PMS) contributed
about 86 per cent of all the revenues collected from
January to September with a value of N395.68 billion.
It stated that the combined value of output by the three
refineries in Nigeria amounted to N9.9 billion for crude
processed in September.
The report said that the associated crude plus freight cost
stood at N6.3 billion, representing a loss of N8.8 billion
after an overhead cost of N12.4 billion.
The report also indicated that 75.78 million litres was
produced compared to 200.2 million litres in August in
respect of products from domestic refineries.
It stated that the total crude processed by the three
refineries in September was 261,371.14 bbls (35,648 MT)
translating to a combined capacity utilisation of 1.96 per
cent
According to the report, only Port Harcourt refinery
produced 31,008 million MT of petroleum products, out of
35,648 million MT of crude processed at an average
capacity utilisation of 5.77 per cent.
It said the petroleum product supplied and distributed
into the country from Off-Shore Processing Agreements
(OPA), stood at 763.90 million litres of white products
against 701.29 million litres supplied in August.
The report said Dual Purpose Kerosene (DPK), receipt in
September was 196.30 million litres compared with zero
litres imported in the previous month.
It stated that 507.90 million litres of downstream
petroleum products were distributed and sold by PPMC in
September 2015 compared to 606.84 million litres sold in
the previous month.
The report stated that the sale comprised of 456.81
million litres of PMS, 31.41 million litres of Kerosene and
19.68 million litres of diesel.
It stated that the total sale of white products for the
period, January to September stood at 6.41billion litres,
with PMS recording 5.08 billion liters or 79 per cent of the
sale.
On gas production, it sated that 246 billion standard cubic
feet (BCF) of natural gas was produced in September.
The report indicated that an average daily production of
8,187 million standard cubic feet per day was recorded
during the period.
It showed that 2,164 BCF of gas was produced between
January and September 2015 representing an average
daily production of 7,925 mmscfd during the period.
It stated that the production from Joint Ventures (JVs),
Production Sharing Contracts (PSC) and the Nigerian
Petroleum Development Company (NPDC) contributed
about 69.8, 22.0 and 8.2 per cents respectively to the total
national gas production.
The report stated that an average of 773 mmscfd of
domestic gas supply to the power sector was delivered to
the gas fired power plants in September 2015.
It stated that the supply was designed to generate an
average power of about 3,141 Mega Watts(MWs) of
electricity compared to the 2015 YTD average gas