NNPC Recorded $2.45b Crude Oil Export in 2016

NNPC Recorded $2.45b Crude Oil Export in 2016

The Nigerian National Petroleum Corporation (NNPC) recorded $2.45b crude oil export sales in 2016.

NNPC’s monthly Financial and Operations Report indicated a 13.4% rise in oil and gas sales from November 2016 to December 2016, reported All Africa. The report further showed that the total export sale in December 2016 was of $195.4m for crude oil and gas compared to the sum of $166.18m recorded in November 2016, informed¬†Online Nigeria News.

NNPC’s report stated: “This is $20.22 million higher than the preceding month’s performance. Crude oil export sales contributed $100.37 million [or 51.36%] of the dollar transactions compared with $96.31m contribution in the previous month.”

Additionally, in January 2017, NNPC had issued an invitation for bids under the model of direct sale of crude oil and direct purchase of petroleum products.

Sarah Samir 2790 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.

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