The Nigerian National Petroleum Company Limited, NNPCL, on Thursday night reported that it made a profit after tax of N185 billion in July, 2025.
The company said it generated N4.4 trillion during the month while it has remitted N7.9 trillion to the government from January to June 2025.
The company in its ‘NNPC Limited Monthly Report Summary — July 2025’, disclosed that average crude and condensate oil production for the month was 1.7 barrels per day. Average gas production was 7.722 million standard cubic feet daily.
It stated that all financial figures are provisional and unaudited. The company also clarified that the figures are provisional and reflect only its operations, excluding data from independent operators reported by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
The national oil company said the AKK gas pipeline project has reached 83 percent completion, adding that additional subcontractors have been deployed to “expedite completion of mainline works and fast track project completion”.
It also disclosed that the Obiafo-Obricom-Oben (OB3) gas pipeline project has reached 96 percent completion, stating that it has “commenced implementation of revised execution strategy towards expedited completion of OB3 River Niger crossing. 113Km portion of OB3 gas pipeline project has been commissioned and flowing 300mmscf/d of gas from from AHL (250mmscf/d) and Platform, Chorus and Xenergi (50mmscf/f).
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