A Review of the Nigerian Energy Industry

PPMC exports N117bn fuel oil in one year

14 October 2014, Abuja – The Pipelines and Product Marketing Company, PPMC, a subsidiary of the Nigerian National Petroleum Corporation, NNPC, exported 1.33 billion litres of petroleum products, valued at N116.672 billion in 2013

Petrol nozzleThe products exported by the PPMC in 2013, according to data obtained from the NNPC Annual Statistical Bulletin 2013, are Low Pour Fuel Oil (LPFO), and Naphtha.Specifically, the PPMC exported 791.932 million litres of LPFO valued at N65.462 billion, while it exported 541.52 million litres of Naphtha valued at N51.21 billion.

A breakdown of the figures revealed that the PPMC exported about 207.672 million litres fuel oils in January 2013, valued at N19.46 billion; 183.23 million litres in February, at N17.613 billion; and 237.186 million litres in March, worth N20.65 billion.
– Vanguard

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