Total gross oil revenue for July 2017 totalled N362.43billion as against N254.02billion in June 2017.
This is according to the statistics on government revenue and expenditure for the month of July as released by the National Bureau of Statistics.
According to the NBS, crude oil sales accounted for the larger chunk of the oil revenue as N188.15 billion was generated from crude oil sales while gas sales generated N29.69 billion.
The least oil revenue came from rent and gas flared penalty with N0.044 billion and N0.184 billion generated respectively.
Non-oil revenue came from excise and fees, import duty and other customs and company’s income tax and other taxes with N54.00 billion and N284.85 billion generated respectively.
Gross non-oil revenue amounted to N338.85billion.
The gross revenue generated was put at N701.85 billion while net federation account revenue after all deductions distributable was put at N521.82billion for July 2017.
Also released recently by the NBS, was the petroleum statistics of Nigeria from 1961 to 2014.
The petroleum statistics on crude oil production and oil refining reflected that a total 32.70 billion barrel of crude oil valued at N118.49 trillion has been produced between 1961 and 2014.
The highest barrels of crude production was recorded in the year 2005 with 918.66 million barrels valued at N6.14 billion while the lowest was recorded in 1961 with 16.80 million barrels valued at N18.73 million.
The yearly domestic crude oil refining data from 1997 to 2014 also reflected that 844.19 million of crude oil had been received and 835.58 million processed within the period under review.
