Nigeria
earned about $38.19 million, about N6.11 billion from the lifting of
132,224 metric tonnes, MT, (about 966,822 barrels) of Natural Gas
Liquid, NGL, in May 2014, the Nigerian National Petroleum Corporation,
NNPC, has said.
The NNPC, in its Monthly Petroleum Information for May 2014, said the
amount lifted was in spite of total NGL production of 140,780 MT. The
price of NGL in the international market is about $39.5 per barrel.
Giving a breakdown of NGL production and lifting, the NNPC said a
total of 51,210 MT of propane was produced in the period while 45,685MT
was lifted.
The quantity of butane produced was