#Country Updates #News #Nigeria #Upstream Oil & Gas News

NNPC Records ₦2,393.88bn From Products Sale In May

The Nigerian National Petroleum Corporation (NNPC) has confirmed that the total revenue generated from the sales of white products in May 2020, stood at ₦2,393.88billion, where PMS contributed about 98.84% of the total sales with a value of ₦2,366.15billion.

According to the NNPC Monthly Financial and Operations Report (MFOR), during the month under review, N92.58 billion was realized from white (refined) products in the month of May, 2020 by Petroleum Products Marketing Company (PPMC).

The report further said the sales came from 950.67million litres of PMS only with no Automotive Gas Oil (AGO) or Dual Purpose Kerosene (DPK), adding that there was no sale of special product in the month.

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Source: OrientEnergyReview

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