Increased Global Crude Oil Demand Shoots NNPC July Earnings By N20.3b

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Increased Global Crude Oil Demand Shoots NNPC July Earnings By N20.3b

The Nigerian National Petroleum Corporation has revealed that it earned N20.36 billion in its July 2020 operations due to continuous improvement in global crude oil demand for the third consecutive month.

Similarly, the report said the corporation’s earnings was further enhanced by the 739 per cent increased profit posted by the Integrated Data Services Limited and a 51 percent growth in performance by Duke Oil Incorporated, both companies of NNPC. On a year-on-year basis the statement showed that 3,079.64BCF of gas was produced, representing an average daily production of 7,812.11mmscfd.

 

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