By Michael Eboh

The Pipelines and Product Marketing Company, PPMC, a subsidiary of the Nigerian National Petroleum Corporation, NNPC, exported 1.33 billion litres of petroleum products, valued at N116.672 billion in 2013.

Gas Pipeline

The products exported by the PPMC in 2013, according to data obtained from the NNPC Annual Statistical Bulletin 2013, are Low Pour Fuel Oil (LPFO), and Naphtha.

Specifically, the PPMC exported 791.932 million litres of LPFO valued at N65.462 billion, while it exported 541.52 million litres of Naphtha valued at N51.21 billion.

A breakdown of the figures revealed that the PPMC exported about 207.672 million litres fuel oils in January 2013, valued at N19.46 billion; 183.23 million litres in February, at N17.613 billion; and 237.186 million litres in March, worth N20.65 billion.

Similarly, about 113.35 million litres were exported in April, at N9.352; 126.35 million litres in May at N10.56 billion, while 159.536 million litres were exported in June at N12.984 billion.

Others are: July – 50.996 million litres at N4.342 billion; August – 83.545 million litres, N7.284 billion; September – 89.676 million litres, N7.924 billion; October – 55.051 million litres, N4.337 billion; November – 13.184 million litres, N1.052 billion, and 13.686 million litres in December at N1.115 billion.

Furthermore, the NNPC report indicated the quantity of fuel oils the PPMC exported in 10 years, from 2012 down to 2003. These included 821.97 million litres, in 2012; 1.369 billion litres in 2011; 699.86 million litres in 2010, and 821.97 million in 2009.

Others are 957.94 million litres in 2008; 1.43 billion litres, 2007; 2.076 billion litres, 2006; 2.623 billion litres, 2005; and 1.11 billion litres in 2004.

Poor refining capacity

However, the report revealed the poor refining capacity of the local refineries, as the PPMC last exported Premium Motor Spirit, PMS or petrol in 2005 with 77,000 litres.

The low petrol export is indicative of the very poor state of the nation’s four refineries, which have since been producing more fuel oils than white petroleum products. Nigeria had to rely more on imported white products including kerosene and diesel to meet its domestic needs.

Accordingly, Nigeria last exported Household Kerosene, HHK, in 2008, with 12.135 million litres. Just as in a 10 year period, it exported only 30.281 million litres of Automotive Gas Oil, AGO/diesel in 2005.

 

Increase in imports

Poor refining capacity meant that Nigeria had to import more refined products, as the NNPC report revealed that the country imported 6.649 million metric tonnes, MMT, products in 2013. These included petrol, diesel and kerosene.

Specifically, the PPMC imported 4.387 MMT petrol; 2.175 MMT kerosene; and 86,350.14 MT diesel.

Explaining further, the NNPC report said: “PPMC evacuated 4.708 million metric tonnes of petroleum products from the refineries. And it also imported 6.649 million metric tonnes of PMS, HHK and AGO for distribution at no cost since the discharges were from Offshore Processing Agreement (OPA) and Crude oil for product swap arrangements.

“PPMC sold a total of 12.63 billion litres of various grades of petroleum products through depots and coastal lifting. During the year, 1.33 billion litres of LPFO and Naphtha worth about N116.67 billion was exported.

“A total of 21.816 billion liters of petroleum products was distributed nationally giving an average daily consumption of 43.55 million litres of PMS, 7.76 million litres of AGO, 7.30 million litres of HHK and 1.17 million litres of Aviation Turbine Kerosene, ATK.

“Out of the total volume distributed, NNPC Retail outlets handled 1.645 billion litres which is about 7.54 per cent of total volume.

“The distribution by zone shows the South-West with the lion share of 38.83 per cent followed by the South-South with 15.43 per cent, North West with 15.04 per cent, North Central with 9.09 per cent, North East with 8.83 per cent, South East with 6.40 per cent and FCT with 6.39 per cent.”

 

Disclaimer

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