- July 27, 2021
- Posted by: adminer
- Category: Natural Resources, Trade and Industry
Joint Venture Cash call in February, 2021 with the transfer of $1.28 billion from the Nigeria National Petroleum Corporation (NNPC).
A document, “February 2021, Financial and Operations Report,” said that the $1.28 billion was paid as first line charge.
It noted that in the period under review, the corporation also transferred $0.94billion into the Federation Account.
The report explained that the total crude oil and gas receipt for the month was $2.22billion from which the transfers were made to JV cash call and Federation Account.
According to the report, the total export receipt of $115.34million was recorded in February 2021 as against $108.75 million in January 2021.
The proceeds from crude oil, said NNPC, amounted to $30.99million while gas and miscellaneous receipts stood at $81.18 million and $3.17 million respectively.
NNPC said: “Dollar Payments to JV Cost Recovery & Federation Account:
“Total export receipt of $115.34 million was recorded in February 2021 as against $108.75 million in January 2021.