Thread by @BudgITng

In Oct 2020,

All refineries recorded a deficit of N5.48bn without processing any crude oil.

NNPC made $1.95bn from 47.66m barrels of crude oil.

$32.19m was remitted to FAAC from the $ payment, while N4.41bn was spent on pipeline repairs.

NNPC's performance in Oct?

A Thread!

@NNPCgroup sold 47.66 million barrels of crude oil in October 2020. The highest sales came from IOCs and Independent Sources, constituting 77.53% of total sales. #FixOurOil

@NNPCgroup made a total of $1.95 billion from the sale of crude oil in October 2020. #FixOurOil

The Nigeria Petroleum Development Company (NPDC), a subsidiary of @NNPCgroup, contributed 8.54 million barrels of crude oil to the total crude oil sold in October 2020. #FixOurOil

10.41 million barrels of the crude oil lifted for domestic use by @NNPCgroup were utilized for Direct Sales Direct Purchase. #FixOurOil

The total volume of gas produced in October 2020 amounted to 6,784.22 mmscfd. 6.65% of this was flared. #FixOurOil

A total of 2.39 billion litres of petrol was supplied by @NNPCgroup through Direct Sales Direct Purchase (DSDP) in October 2020, while 1.224 billion litres of white products were sold. #FixOurOil

The refineries did not process any crude oil in October 2020. In the same period, all refineries recorded an operating deficit of recorded by the refineries was N5.48bn. #FixOurOil

The total revenue generated by Pipeline and Products Marketing Company (PPMC) amounted to N158.03 billion. Petrol generated the highest sale at 99.96% while Diesel and Kerosene had 0.032% and 0.003% respectively. #FixOurOil

The subsidiaries of NNPC made a total surplus of N8.71 billion in October 2020. #FixOurOil

In October 2020, $32.19m and N135.34bn were remitted to FAAC from the dollar payment and naira payment from the crude oil sales, respectively, while N4.41bn was spent on pipeline repairs and management. #FixOurOil

In October 2020, 23 pipeline breaks were reported. #FixOurOil