The Nigerian National petroleum Corporation (NNPC) in its August Financial and Operations Report says that it recorded no fewer than 62 incidences of pipeline vandalisation in the month of August
The Report which was the 25th edition released on Wednesday in Abuja noted that the products pipeline breaches stood at 70 points
“The NNPC informed that Products pipeline breaches stood at 70 points for the month of August 2017 out of which 62 pipelines were vandalized.
“ The strategic Port Harcourt-Aba pipeline was singled out as a major culprit, accounting for 46 vandalized points (or 74 per cent of total recorded cases),’’ it said
It said that the Corporation in collaboration with Federal Government has continued to engage members of various host communities to stem incidences of pipeline infractions.
The Monthly report revealed that Gas flare rate in Nigeria stood at 12 per cent, in the month under review
It added that the 12 per cent gas flare rate translated to 919.73 million standard cubic feet per day (mmscfd) compared to 10.03 per cent for the preceding month of July 2017.
“Nigeria was among countries with highest gas flare rates, but a number of Clean Development Mechanism (CDM) projects aimed at appropriate gas utilization have improved the country’s standing in this the regard,’’ it said.
The report gave an average gas flare rate of 10.15 per cent, which is 734.56mmscfd, for the period of August 2016 to August 2017.
On Products supply, It added that In spite enormous challenges facing the downstream sub-sector of the Petroleum Industry, the NNPC had continued to maintain adequate products supply nationwide.
It attributed the success story to strategic interventions by the Corporation in respect of Automotive Gas Oil (AGO) supply, revamp and re-commissioning of critical pipelines and depots across the country
Also, it noted that a robust engagement with critical Downstream stakeholders helped it to achieve the supply level
The stakeholders were Major Oil Marketers Association of Nigeria, (MOMAN), Nigerian Association of Road Transport Owners (NARTO), Petroleum Tanker Drivers Association of Nigeria (PTDAN) and the Independent Petroleum Marketers (IPMAN).
The report further noted that security synergy with International Oil Companies (IOCs) was part of the steps taken to stem oil and gas sabotage which involved deployment of a structured and holistic security apparatus in operational areas.
“950.67 million litres of white products were distributed and sold by the Petroleum Products Marketing Company (PPMC), in the month of August 2017.
“Although the figure was lower than the 1,121.92 million litres in the preceding month of July 2017, yet it was enough to ensure adequate supply of petroleum products,’’ it said
A further breakdown down of the figure indicated that Premium Motor Spirit, otherwise called petrol distributed during the period was 814.02 million litres, Dual Purpose Kerosene (DPK), or kerosene supply stood at 59.92 million litres, while 76.73 million litres of Automotive Gas Oil or diesel was also distributed to the domestic market during the period under reference.
The report indicated that special products supplied for the month of August 2017 was 11.09 million litres, comprising 10.13 million litres of Low Pure Fuel Oil, LPFO and other special products of 0.96 million litres. (NAN)
