Home » OIL » Nigeria Made $565.5 Million from Oil in Q1 – NNPC

Nigeria Made $565.5 Million from Oil in Q1 – NNPC

Nigeria made $565.5m in crude oil and gas export sales in the first quarter of 2022, according to data from the Nigerian National Petroleum Company Ltd.

According to the data, the nation made $177.86m from crude oil exports and $387.72m from gas feedstock to Nigeria LNG Limited.

The NNPC data indicates that in January 2022, the nation earned $75.88m from crude oil and $84.45m from gas; in February, the nation earned $13.05m from crude oil and $159.58m from gas.

In March, Nigeria earned $88.93m from crude oil and $143.69m from gas. The NNPC said, “Feedstock gas receipt was $143.69m, which also includes receipts of $54.72m and $21.29m, which were expected in the previous month but slipped into the current month. Other related NLNG receipt was $7.67m.”

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