The
The corporation disclosed this in its Monthly Financial and Operation Report (MFOR) for the month of October released recently. The report reflected the sustained streak of positive results in the operations of the
The report noted that the August surplus also beat the N4.26billion surplus posted in
The report revealed that the October surplus was largely due to the improved trading surplus posted by its Upstream subsidiary, the
On Crude oil and Gas sales, it said that a total
It said this was an increase of 35.77 percentage point, compared to September, implying that in October, Crude oil export contributed
"Overall, the
In the Downstream Sector, it said that 1.16billion litres of Premium Motor Spirit(PMS) also known as petrol, translating to 37.30mn liters/day, were supplied for the month.
It noted that the corporation had continued to monitor the daily stock of PMS in order to achieve smooth distribution of petroleum products and zero fuel queue nationwide.
The report said that in
"Out of the vandalised points, eight failed to be welded, while only one pipeline was ruptured, with Ibadan-Ilorin axis accounting for 34 per cent of the breaks.
"ATC-Mosimi and other routes accounted for 23 per cent and 43 per cent, respectively," the
In the Gas Sector, the report stated that out of the 235.82 billion Cubic Feet (BCF) of gas supplied in
Copyright This Day. Distributed by AllAfrica Global Media (allAfrica.com)., source