BudgIT Nigeria Profile picture
Nigeria's civic tech organisation, raising the standards of transparency, citizen engagement & accountability most especially in public finance. #AskQuestions

Feb 20, 2019, 18 tweets

#Thread

NNPC sold 173.91 million barrels of crude oil in Q3 of 2018.

#FixOurOil

A total of $12.88 billion was made from the sale of crude oil in Q3 of 2018.

#FixOurOil

NPDC produced 11 million barrels of crude oil in Q3 of 2018.

#FixOurOil

NNPC lifted an average of 259,191.30 barrels of crude oil for domestic use in Q3 of 2018.

#FixOurOil

8.98% of the total gas produced in Q3 of 2018 was flared away.

#FixOurOil

There was a 251.31% decrease in crude oil processed by the refineries in Q3 of 2018 in comparison to Q3 of 2017.

#FixOurOil

The refineries had a combined capacity utilization of 2.61% in Q3 of 2018.

#FixOurOil

The refineries generated combined revenue of N23.89 billion in Q3 of 2018.

#FixOurOil

The refineries contributed only 27.81% of the total volume of kerosene supplied by NNPC in Q3 of 2018.

#FixOurOil

A total of 4.66 billion litres of white products was sold in Q3 of 2018.

#FixOurOil

The total revenue generated by PPMC in Q3 of 2018 amounted to N599.29 billion.

#FixOurOil

NNPC Group had a total financial performance of net profit of N10.82 billion in Q3 of 2018.

#FixOurOil

Only 19.72% of the total sales receipt from the dollar payment was remitted into the FAAC account in Q3 of 2018.

#FixOurOil

A total of 415 pipeline breaks were recorded in Q3 of 2018.

#FixOurOil

None of the refineries was in operation in September. What is going on with the revamping of the refineries?

#FixOurOil

There was no record of what was remitted to FAAC from the Naira payment in the September report.

#FixOurOil

There was a 38.31% increase in pipeline breaks in Q3 of 2018 in comparison to Q3 of 2017.

#FixOurOil

CORRECTION:

There was a 71.53% decrease in crude oil processed by the refineries in Q3of 2018 in comparison to Q3 of 2017.

Share this Scrolly Tale with your friends.

A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.

Keep scrolling