CONFIDEN TIAL DRAFT S/N
Supplier
Amount in US$ 'm Amount in NGN 'm
14
J&S Services Limited
350.17
52,209.78
15
J.P.M Supply and Transport
0.07
10.56
16
Kingsbury Trading
7.03
1,054.84
17
Le-Gor Energy
89.90
13,405.99
18
Linetrale Oil and Service
55.60
8,275.23
19
Matrix Energy
28.79
4,271.28
20
Mid Atlantic
33.24
4,944.92
21
MRS Oil and Gas
106.87
15,910.07
22
Napoil Limited
75.60
11,251.98
23
North Petroleum
0.26
39.59
24
Oil and Gas Trading
393.22
58,977.63
25
Orpington Trad Ltd
0.26
38.55
26
Performing Energy
198.50
29,725.78
27
Practoil Limited
75.49
11,400.00
28
Radric General Trading
0.08
12.73
29
Sahara Energy
286.53
42,861.74
30
Sunray Petroleum
0.28
42.60
31
Shell Western
80.19
120,539.95
32
SPOG Pet
26.51
3,954.70
33
Total international
75.65
11,247.67
34
Trafigura
53.33
7,956.13
35
Vitol S.A
197.96
29,448.94
Grand Total
3,550.29
530,305.46
Table 24: Petroleum Products imports outstanding creditor balances as at 31st dec 2011 (Source: NNPC)
34. Pipeline product losses Pipeline product loss has steadily increased over the years. There are concerns as to why the Federal Government is not making gains from sales of petroleum products refined in country. This is attributed mainly to losses incurred in the transfer of crude oil from the terminals to the refineries and transfer of products from the refineries to the depots. A further factor is the diminished capacity of the existing refineries due to lack of maintenance, obsolescence etc.
101