The Nigerian National Petroleum Company Limited, NNPCL, has
released a summary of its monthly report for April 2025.
The state-owned oil firm announced that it made a revenue of
N5.89 trillion in the period under review.
NNPCL disclosed this in a monthly report summary released
through its X account on Thursday.
According to the report, the company recorded a Profit After
Tax, PAT, of N748 billion, with crude oil and condensate production at 1,606
barrels per day, while natural gas production stood at 7,473 million standard
cubic feet per day.
The report noted that NNPCL made statutory payments amounting
to N4.225 trillion between January and March 2025.
Similarly, NNPCL reported that the Obiafu-Obrikom-Oben Gas
Pipeline (OB3) and the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline are 90 per cent
and 70 per cent completed, respectively.
It added that petrol availability in its retail stations
nationwide stood at 54 per cent, while upstream pipeline availability was 97
per cent as of April 2025.
This is the first performance report announced by the Bayo
Ojulari-led NNPCL following his appointment by President Bola Ahmed Tinubu on
April 2, 2025.
The release comes amid complaints by Nigerians about the
opacity of NNPCL over the past 48 years.
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