The Nigerian National Petroleum Corporation (NNPC) has raised an alarm on the increasing menace of oil pipeline vandalism which hit a record high of 228 pulverized points in July, 2019 alone.
According to the corporation’s July, 2019 Monthly Financial and Operations Report (MFOR), the breached lines represented an increase of 115 per cent from the 106 vandalized points recorded in June 2019.
A release today in Abuja by the NNPC Acting Group General Manager, Group Public Affairs Division, Mr. Samson Makoji, said out of the vandalized points, 15 failed to be welded, while five points were ruptured.
The NNPC noted in the report that to ensure sustained supply and distribution of Premium Motor Spirit (PMS) across the country, a total of 1.73bn litres of the product, translating to 55.74m liters/day, were supplied for the month under review, adding that it continued to diligently monitor the daily stock of fuel to ensure smooth distribution of petroleum products and zero fuel queue across the Nation.
In terms of gas supply, a total of 730million standard cubic feet of gas per day (mmscfd) was delivered to gas fired power plants in the month of July 2019 to generate an average power of about 2,864MW.
It stated that contribution from crude oil amounted to $250.35million, while gas and miscellaneous receipts stood at $76.28million and $63.71million respectively.
The increase of 3.62per cent% in the month is due largely to the enhanced surplus posted by the Nigerian Gas Company (NGC), arising from half-year adjustments; coupled with increased surplus recorded by the Petroleum Products Marketing Company (PPMC).