The Nigerian National Petroleum Corporation (NNPC) Thursday disclosed that militancy in the Niger Delta region ensured that it ended its crude oil and gas trading in the month of July, on a deficit note, recording yet another loss worth N24.18 billion, according to reports.
It however said the July operational loss was some figures below what it recorded in June. The corporation in June reported a trading deficit of N26.51 billion. Disclosing this in its latest monthly financial and operations report, NNPC said the turbulence in the country’s oil and gas sector had grossly impacted its activities in the month.
The corporation also had some positive reports from its management of the Direct Sale, Direct Purchase (DSDP) framework it adopted in April to ensure supply of refined products in the country, saying that the savings it made had resulted to a total of $336,379,854.98 for it in four months – April to July 2016.
Read More Stories
No comments:
Post a Comment