Nigerian National Petroleum Corporation, NNPC, yesterday, said it earned $239.10 million from crude oil export and gas in November 2017.
The NNPC, in a statement on its Monthly Financial and Operations Report for November 2017, stated that the crude oil and gas export figure in November was 25.68 per cent lower than the previous month’s performance.
Giving a breakdown of the figures, the NNPC declared that crude oil export sales contributed $113.97 million, or 47.7 per cent of the dollar transactions compared with $227.83 million contribution in the month of October 2017.
It added that export gas sales amounted to $125.13 million during the period, while it added that crude oil and gas export from November 2016 to November 2017 stood at $3.73 billion.
The NNPC further stated that it earned N135.14 billion from domestic crude oil and gas sales in the month under review, consisting of N127.93 billion from domestic crude oil, the sum of N7.21billion from domestic gas.
According to the NNPC, of the naira receipt, N54.16 billion was transferred to Joint Venture Cash Call, JVCC, being a first line charge and to guarantee continuous flow of revenue stream to Federation Account.
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