By Ejiofor Alike and Chineme Okafor with Agency Report
The Nigerian National Petroleum Corporation (NNPC) increased its daily average natural gas supply to the nation's gas power plants by 123 per cent to 730 million standard cubic feet per day (mmscf/d) in June.
In contrast, the corporation supplied the power plants 327mmscf/d in the corresponding period in 2016, the Monthly Financial and Operations Report released Tuesday showed.
This is just as the state-run oil firm also announced Tuesday the redeployment and promotion of 55 senior management staff across its value chain.
But even as the corporation released its financial and operations report for the month of June and announced the senior staff redeployment and promotions, all was not well in the downstream oil sector, as oil marketing firms in the country resolved to embark on the mass sack of their workers, following the federal government's failure to pay an outstanding subsidy bill of $2 billion to the firms.
It is uncertain how the federal government intends to pay the astronomical claims of the marketers, since it disingenuously informed the Nigerian public that it had stopped paying subsidy on petrol consumed in the country, and made no budgetary provisions in 2016 and 2017 to settle the subsidy claims.
According to NNPC's monthly report, gas supply to power plants increased slightly by 0.13 per cent from 729mmscf/d in May 2017 to 730mmscf/d in June 2017.
The report also indicated that petroleum products supply continued to record remarkable stability nationwide owing to the performance of Nigeria's three refineries, which produced between five and six million litres of petrol in June.
The refineries also produced between five and six million litres of diesel per day in the period under review, reported the News Agency of Nigeria (NAN).
"The corporation has maintained seamless nationwide supply and distribution of petroleum products which guarantees stable products and queue-free filling stations across the nation," the report stated.topics from