The Nigerian national petroleum company limited, (NNPCL), has announced a post-tax profit of ₦185 billion Naira, ($120.49 million), for July 2025. This figure is according to data released in its latest monthly report summary. The report highlights improvements in crude oil and condensate production, gas output, and progress on key infrastructure projects.
According to the report, crude oil and condensate production reached 1.70 million barrels per day (mbpd) in July.
Marking an increase from the previous month and puts the company closer to its 2025 peak production of 1.77 mbpd. Gas production also saw a rise, reaching 7,722 million standard cubic feet per day (mmscf/d).
Nigeria’s state oil company also reported significant financial performance, with a total revenue of ₦4.4 trillion ($2.87 billion) for the month. This is in addition to the ₦7.5 trillion ($5.19 billion) in statutory payments made from January to June.
On the project front, the report noted significant progress on two major gas pipelines. The Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline project has deployed additional subcontractors to accelerate its completion.
For the Obiafu-Obrikom-Oben (OB3) Gas Pipeline, the company has started implementing a revised strategy to expedite the completion of the River Niger Crossing. A 113km section of the OB3 pipeline is already operational, currently transporting approximately 300 mmscf/d of gas from producers like AHL, Platform, Chorus, and Xenergi.
The report also highlighted NNPC’s retail arm, which maintained a 70% availability of Premium Motor Spirit (PMS) at its filling stations.
