The Nigerian National Petroleum Corporation on Thursday announced total crude oil and gas export sale of $416.07m for June 2018, which was 35.78 per cent higher than what was recorded in the previous month.

Details of the figures contained in the just released June 2018 edition of the NNPC Financial and Operations Report also indicated that the crude export sale contributed $274.95m, which translated to 66.08 per cent of the dollar transactions compared with $244.72m contribution in the previous month.

The gas export sale for the month was $141.12m, the report stated. It added that the corporation recorded some ruptured pipelines that supply gas to thermal electricity generating plants across the country.

It stated that a total of 744 million standard cubic feet of gas per day was delivered to the gas-fired power plants in the month of June to generate an average power of about 2,970MW of electricity.

Selected by SPTEC Advisory from The Punch