NNPC declares the revenues of N4.4TRN in July while the profits crogified at n185 billion – Thage

By Victro Osula, Abuja

The Nigerian National Petroleum Company Limited (NNPC) has reported N4.4 trillion trillions of N4.4 trillions for July 2025, a decrease from N4.57 trillion recorded in May.

According to the summary of the monthly report issued on Thursday evening, the profit of the company net of taxes (PAT) fell abruptly to n185 billion in July, falling from n905 billion dollars to June.

The production of crude oil and condensation of Nigeria stood at 1.70 million barrels per day (BPD) in July, a slight increase compared to 1.68 MBPD in June.

Greggio represented 1.40 MBPD, while the condensates contributed with 0.29 MBPD.

The production of natural gas climbed to 7.72 billion standard cubic feet per day (SCF/D), compared to 7.58 billion scf/d in June and 6.62 billion scf/d in February. Gas sales have also improved, reaching 4.98 BSCF/from July, compared to 4.74 BSCF/from June.

In the downstream operations, NNPC said that the availability of petrol in its retail stations at national level stood at 70 % in July, marginally less than 71 % in June.

The report observed that the Ajokuta gas pipeline project – Kaduna – Kano (Akk) went to 83 % completion from 81 % in May, while the Obiafu – Oben (Oben (Ob3) gas pipeline remained at the completion of 96 %.

NNPC said that a magazine execution strategy was adopted to accelerate the crossing of the Ob3 river, with a 113 km section already commissioned and provided about 300 million Scf/D of manufacturers including AHL, Platform, Chorus and Xenergi.

He added that further subcontractors have been distributed on the Akk project to accelerate the main works.

As part of its corporate social thrust, the company stated that its foundation coordinated the donation of 35 CNG buses to the presidential initiative on CNG (PI-CNG).

He also announced the beginning of a planting of trees in the state of Katsina, with 200,000 trees set for the plantation in an effort to mitigate the climate change that was officially reported in August.

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