The Nigerian National Petroleum Company Limited,(NNPCL), said its Profit After Tax for July dropped by 79.6% to N185billion when compared with N905bn reported in June of the same period of 2025.
The company, in its monthly report released on Thursday said revenue stood at N4.406 trillion in the same period dropping by 3.59 percent from N4.57 trillion.
The figure, according to the company, represents the aggregate of group wide revenues, including intercom pant transactions, the NNPC said.
The report further said crude oil and condensate production averaged 1.7 million barrels per day (bpd) in July, while natural gas output was 7.72 million standard cubic feet daily (mscfd).
Highlighting its “strategic” efforts, the national oil company said it is sustaining crude oil and condensate production, improving the uptime of production facilities, and continuing stakeholders’ collaboration and operational efficiency.
“Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline: Additional subcontractors deployed to expedite completion of mainline works and fast track project completion,” the report reads.
The NNPCL said it has commenced the implementation of the revised execution strategy towards an expedited completion of Obiafu-Obrikom-Oben (OB3) River Niger crossing.
“[The] 113km portion of OB3 Gas Pipeline has been commissioned and is flowing about 300mmscf/d of gas from two gas producers,” the oil company said.
