37 pipeline points were vandalised in May, representing about 43 per cent decrease from the 65 points recorded in April....
has recorded an encouraging 43 per cent drop in cases of willful damage of its oil pipeline infrastructure by suspected oil thieves in May.
A breakdown of the cases showed that the Mosimi-Ibadan pipeline axis accounted for 38 per cent of the vandalised points. “This comprised 950.67million litres of PMS only with no Automotive Gas Oil or Dual Purpose Kerosene , adding that there was no sale of special product in the month,” it added This translates to an average daily production of 7,480.36million Standard Cubic Feet of gas per day .
The May report indicated a trading surplus of ₦2.68billion compared to the ₦30.81billion deficit posted in April when the effect of COVID-19 was at the peak, leading to reduced demand with fluctuating prices.
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