The Nigerian National Petroleum Corporation on Tuesday announced that its downstream subsidiary company in charge of bulk sales and distribution of petroleum products, Petroleum Products Marketing Com
pany, recorded N211.62bn sale of white products in February 2020.
The report showed an increased trading surplus of N3.95bn garnered by the corporation in February when compared to the N1.87bn surplus that was posted in January 2020. The report stated that about 1.7 billion litres of white products were sold and distributed by the PPMC in the month of February 2020 compared with about 1.2 billion litres sold in January 2020.
During the period under review, a total of 32 pipeline points malfunctioned or were vandalised, representing about 47 per cent decrease from the 60 points recorded in January 2020.These comprised 22 pipeline breaches, eight-weld failures and two pipeline ruptures. Mosimi area accounted for 78 per cent of total cases, the Port Harcourt axis, 16 per cent and all other routes accounted for the remaining six per cent.
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