NNPC made a total of $15.46BN from the sale of 361.77 million barrels of crude oil in 6 months.

N883.71BN was remitted to FAAC from Naira payments.

N41.97bn was spent on pipeline repairs while a deficit of N29.7BN was recorded.

@NNPCgroup performance in H1 2020?

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NNPC sold 361.77 million barrels of crude oil in H1 2020. The highest sales came from IOCs and Independent Sources with 63.08% of total sales.

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A total of $15.46 billion was made from the sale of crude oil in H1 2020. The highest sales came from IOCs and Independent Sources, NNPC domestic and NNPC export at $10.07BN, $2.41BN, and $1.29BN respectively.

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The Nigeria Petroleum Development Company (NPDC), a subsidiary of @NNPCgroup contributed 31.49 million barrels of crude oil to the total crude oil sold in H1 2020.

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80.57 million barrels of crude oil lifted for domestic use by NNPC in H1 2020 were utilized for Direct Sales Direct Purchase as all the refineries were out of operation.

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The total volume of gas produced in the same period amounted to 41,951.54 mmscfd, 8.41% of this was flared.

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All four refineries did not process any crude oil in H1 2020.

In the same period, the operating deficit recorded by the refineries was N58.73bn.

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A total of 8.79 billion litres of petroleum products was supplied by NNPC through Direct Sales Direct Purchase (DSDP) in H1 2020 while 7.87 billion litres of white products were sold.

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The total revenue generated by Pipeline and Products Marketing Company (PPMC) in H1 2020 amounted to N890.19 billion.

Petrol generated the highest sale at 98.88%.

The subsidiaries of NNPC made a total surplus of N29.72 billion in H1 2020.

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56.64%% of the total crude oil sales receipt from the dollar payment was remitted into the JV Cost Recovery Account while 43.36%% was remitted to FAAC in H1 2020.

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N883.71bn was remitted to FAAC from the naira payments from the crude oil sales while N41.97bn was spent on pipeline repairs and management.

A total of 246 pipeline breaks were reported in H1 2020

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NNPC had a financial deficit of N29.72BN in 6 months.

The fluctuations in the operations of @NNPCgroup's subsidiaries is worrisome.

Also, how does @NNPCgroup plan to curb gas flaring in Nigeria?

What are the measures being put in place?

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