Mosimi-Ibadan pipeline in Oyo state is among the most vandalised in Nigeria in September 2018, representing 26% or 33 points of the total vandalised pipelines in the country.
A NNPC monthly financial and operations report for September 2018 released on Wednesday, December 26, 2018, seen by InsideOyo.com has showed.
This is coming one year after NNPC recommissioned the depot.
InsideOyo.com recalls that Maikanti Baru, NNPC GMD visited Ibadan late 2017 to recommissioned for loading of petroleum products two years after it suspended operations due to vandalization of pipelines from Mosinmi to Ibadan as well as breakdown of facilities at the depot.
A breakdown of the September, 2018 records indicates that Aba-Enugu accounted for 36 points or approximately 29% of the vandalised points. Further more analysis of the report shows that PHC-Aba and Zaria-Gusau accounted for 10%each; Atlas Cove-Mosimi and other locations accounted for 14%and 11% of the pipeline breaks respectively.
In the period, the Nigerian National Petroleum Corporation (NNPC) announced a trading surplus of N9.85billion for the month of September 2018. The amount, InsideOyo.com gathered that it is higher than the previous month’s deficit of N3.90 billion.
The report indicated that the improved performance of N13.75 billion increase, relative to that of August 2018, is attributable to higher revenue by the Nigerian Petroleum Development Company (NPDC), the corporation’s upstream subsidiary.
Ndu Ughamadu, NNPC Group General Manager, Group Public Affairs, explained that NPDC’s production has been on the rise as a result of success recorded in repairs of vandalised pipeline in the Niger Delta and the resumption of crude oil lifting activities at Forcados Terminal.
A total crude oil and gas export sale of $626.62million was made in September, 2018 under the NNPC’s US dollar transactions which is 33.32% higher than the previous month.
It stated that crude oil export sales contributed $508.54 million which is 81.16% of the dollar transactions compared with $337.62million contribution in the previous month.
It also said that export gas sales amounted to $118.08 million in the month, adding that the September 2017 to September 2018 crude oil and gas transactions indicated that crude oil & gas worth $5.45 billion was exported.
In the downstream sector, the report noted that during the period, NNPC continued to ensure increased petrol supply and effective distribution across the country, saying that during the month, 1.66billion litres of petrol, translating to 55.50 million liters/day, were supplied by the corporation.
It also stated that in the month under review, a total of 125 pipeline points were vandalized; out of which eight pipeline points failed to be welded and only one pipeline point was ruptured. The figure translates to a significant increase from the 86 vandalized points recorded last month.
