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.
however 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 exorbitant claims of the marketers, since it 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.