01 January 2018, Sweetcrude, Abuja — The Nigerian National Petroleum Corporation (NNPC) Monday, stated that through its downstream subsidiary, the Petroleum Products Marketing Company (PPMC) it sold and distributed a total of 1.352 billion litres of white products across the country in October 2017.
White petroleum products is a term used to refer to Premium Motor Spirit, PMS, also known as petrol; Dual Purpose Kerosene, DPK, and Automotive Gasoline Oil, AGO, also known as diesel.
The NNPC, in a statement on its recently released October 2017 edition of its Operations and Financial Report also indicated that 252.83 billion cubic feet of gas was supplied in the country within the period.
Giving a breakdown of the volume of white products injected into the system, the NNPC stated the 1.352 billion litres of products sold and distributed by PPMC within the period is slightly higher than the 1.282 billion litres recorded in September 2017.
In the statement signed by its Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, the NNPC said this comprised 1.119 billion litres of petrol, 95.72 million litres of kerosene and 137.34 million litres of Diesel, adding that total sale of white products for the period October 2016 to October 2017 stood at 16.18 billion litres, petrol amounted to 14.11 billion litres and accounts for 87.22 per cent, while total special products for October 2017 was 114.49 million litres, comprising of 63.82 million litres of Low Pour Fuel Oil (LPFO) and other special products totaling 50.67 million litres.
The report, the Ughamadu said, also indicated that within the same period, 1.512 billion litres of petrol was supplied into the country through the Direct-Sale-Direct-Purchase (DSDP) arrangements as against the 886.46 million litres supplied in September 2017.
It also noted that the petroleum products, petrol and kerosene only, production by the domestic refineries in October 2017 amounted to 204.31 million litres compared to 87.47 million litres in September 2017.
Ughamadu said, “In terms of gas supply and production, the report which is the 27th in the series noted that out of the 252.83 billion standard cubic feet (BCF) of gas supplied in October 2017, a total of 145.03 BCF of gas was commercialized, comprising 35.41 BCF and 109.62 BCF for the domestic and export market respectively. This translates to an average daily supply of 1.142 billion standard cubic feet of gas per day (SCFD) to the domestic market and 3,536.11 billion scfd of gas supplied to the export market.
“About 3.136 billion scfd or 88.69 percent of the export gas was sent to Nigerian Liquefied Natural Gas Company (NLNG) Bonny, for October 2017 compared with the period, October 2016 to October 2017, an average of 3.066 billion scfd or 91.90 percent of the export gas.
“Also, out of the 1.142 billion scfd of gas supplied to the domestic market in October 2017, about 716.28 million standard cubic feet per day (MMSCFD) of gas, representing 62.71 percent was used for gas-fired power plants while the balance of 425.87 mmscfd or 37.29 percent was supplied to other industries. This implies that 57.36 percent of the average daily gas produced was commercialized while the balance of 42.64 percent was re-injected, used as upstream fuel gas or flared.”
The report also put gas flare rate at 9.59 percent within the period, representing 781.77 mmscfd compared with average gas flare rate of 10.03 percent, which is 752.45 mmscfd for the period October 2016 to October 2017.