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HomeOil & GasNNPC's Crude Oil Receipt Hits $120.49m In September

NNPC’s Crude Oil Receipt Hits $120.49m In September

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By Babajide Okeoowo

The total export receipt for crude oil and gas peaked at $120.49 million for September 2020, the Nigerian National Petroleum Corporation (NNPC) has announced.

This signifies a 16.28 percent improvement on the $100.88 million posted in August 2020.

This was contained in a statement by the Group General Manager, Group Public Affairs Division of the corporation, Dr. Kennie Obateru who disclosed that said the figure was in the September 2020 edition of the NNPC Monthly Financial and Operations Report (MFOR).

The $120.49 million crude oil and gas export receipt is a 16.28 percent improvement on the $100.88 million posted in August 2020.

The report showed that proceeds from crude oil amounted to $85.40 million while gas and miscellaneous receipts stood at $25.31 million and $9.78 million.

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