NNPC generates N5.8trn revenue, N748bn profit in April

The Nigerian National Petroleum Company Limited (NNPC Limited) has announced that it generated a revenue of N5.89 trillion and a Profit After Tax (PAT) of N748 billion in April 2025.

The NNPC Limited disclosed this in its monthly report summary for April, released on Thursday, June 12.

The report highlights key statistics, including crude oil and condensate production, natural gas output, revenue, profit after tax, and strategic initiatives during the period.

The NNPC Limited disclosed that it made statutory payments of N4.22 billion between January and March.

The company said: “Crude oil and condensate production averaged 1.606 million barrels per day (bpd) in April, while natural gas production was 7.354 million standard cubic feet daily.

“Petrol availability at the NNPC Limited retail stations recorded 54 per cent during the month under review, while upstream pipeline reliability was 97 per cent.”

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On its strategic efforts, the NNPC Limited said the company was collaborating with venture partners to accelerate sustainable production enhancement.

The oil company stated that it completed the implementation of relevant presidential directives and executive orders for its upstream operations.

The NNPC Limited listed some technical interventions on Ajaokuta-Kaduna-Kano (AKK) pipeline and the Obiafu-Obrikom-Oben (OB3) gas pipeline to resolve challenges of River Niger crossings.

It said the OB3 gas pipeline project was 95 per cent completed in the month, while the AKK pipeline was 70 per cent completed.

The NNPC Limited noted that Turnaround Maintenance (TAM) was completed in several Oil Mining Leases (OML), including OML 18, OML 58, OML 118, and OML 133.

On refineries status, the company said the Port Harcourt Refinery Company (PHRC), as well as the Warri and Kaduna refineries were currently under review.

The Star