The Nigerian National Petroleum Company Limited (NNPC Ltd.) recorded a profit after tax of N905 billion in June 2025, lower than the N1.054 trillion reported in May this year.
The company’s revenue for June stood at N4.571 trillion, which is lower than the N6.008 trillion in May.
“Crude oil and condensate production increased slightly, rising from 1.629 million bpd in May to 1.68 million bpd in June. Natural gas production also rose to 7.581 billion standard cubic feet per day (scf/d) in June, up from 7.352 billion scf/d in May, indicating a steady recovery in output,” NNPC Ltd.’s monthly report indicated.
Despite the drop in monthly profit, NNPC Ltd. was able to remit N6.961 trillion to the federation account from January to May 2025, up from N5.583 trillion recorded between January and April of the same year.
According to the report, fuel availability improved as well, with petrol availability at NNPC retail stations increasing to 71% in June from 62% in May.
It further revealed that the completion of critical gas infrastructure projects showed progress: the Ajaokuta–Kaduna–Kano (AKK) pipeline moved to 83% completion from 81%, while the OB3 pipeline remained at 96% completion.
“Upstream pipeline availability slightly dipped from 98% in May to 97% in June,” it added.
The report also highlighted ongoing strategic and technical efforts, including the successful crossing of the AKK River Niger segment, which has significantly de-risked pipeline completion.
It disclosed that a technical review of the OB3 River Niger crossing has begun to apply insights gained from AKK’s progress. The reviews of the Port Harcourt, Warri, and Kaduna refineries remain ongoing.
Source:https://energynewsafrica.com
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