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EN
NNPC Records 43% Drop in Oil Pipeline Vandalism in May
['African Examiner']
Press Releases | African Examiner
NNPC Records 43% Drop in Oil Pipeline Vandalism in May(AFRICAN EXAMINER) – The Nigerian National Petroleum Corporation (NNPC) has recorded an encouraging 43 per cent drop in cases of willful damage of its oil pipeline infrastructure by suspected oil thieves in May, 2020.
NNPC stated in the May report that in collaboration with the local communities and other stakeholders, it would continuously strive to bring the malaise under control.
The report stated that ₦92.58billion was made on the sale of white products by PPMC in May 2020.
The NNPC report said the 109 per cent upturn in revenue this month is the cumulative result of improved performances by some of the corporation’s Strategic Business Units.
Similarly, PPMC’s surplus rose 250 per cent from investment dividend received and significant drop in average product landing cost.
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