The Nigerian National Petroleum Company (NNPC) Limited says it made statutory payments of N6.96 trillion between January and June.
Statutory payments are made by organisations as required by
law and typically remitted to government authorities as a source of revenue.
In its report, titled ‘NNPC Limited Monthly Report Summary —
June 2025’, the oil firm also reported a profit after tax (PAT) of N905 billion
for June.
The NNPC said the figure dropped by 13.81 percent from N1.05
trillion in May.
The company said it recorded a revenue of N4.57 trillion in
the same period — down by 23.83 percent from N6 trillion in May.
According to the NNPC, crude oil and condensate production
averaged 1.68 million barrels per day (bpd) in June, while natural gas
production was 7.58 million standard cubic feet daily.
“All production, sales and financial figures are provisional
and subject to reconciliation with relevant stakeholders,” the national oil
company said.
The organisation also said petrol availability at NNPC
Retail Limited stations was 71 percent during the month, adding that upstream
pipeline reliability was 97 percent.
The NNPC said ongoing industry-wide collaborations are
increasingly improving “synergies to achieve production improvement and cost
optimisation”.
“AKK: Successfully completed the AKK River Niger Crossing
which significantly derisked the completion of the mainline. Additional
intervention being put in place to ensure earliest completion,” the company
said.
“Commenced technical review of OB3 River Niger crossing to
replicate learnings from AKK River Niger crossing success.”
The NNPC said the review of the Port Harcourt, Kaduna, and
Warri refineries is progressing.
On July 11, Bayo Ojulari, the company’s group chief
executive officer (GCEO), said it is becoming a “bit more complicated” to
revamp the state-owned refineries.
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