NNPCL records N4.571tr revenue in June
The Nigerian National Petroleum Company Limited (NNPCL) has announced a profit of N4.571tr in June. The company in its June report said it made N905bn profit after tax and paid N6.961tr as statutory payments from January 2025 to May. It said 1.68 million Crude Oil & Condensate was produced during the period. “Ongoing industry-wide collaborations […]
The Nigerian National Petroleum Company Limited (NNPCL) has announced a profit of N4.571tr in June.
The company in its June report said it made N905bn profit after tax and paid N6.961tr as statutory payments from January 2025 to May.
It said 1.68 million Crude Oil & Condensate was produced during the period.
“Ongoing industry-wide collaborations increasingly improving synergies to achieve production improvement and cost optimisation.
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It said the Abuja-Kaduna-Kano (AKK) pipeline is 83 percent completed with the pipeline crossing River Niger which significantly derisked the completion of the mainline. “Additional intervention being put in place to ensure earliest completion.
“Commenced technical review of OB3 River Niger Crossing to replicate learnings from AKK River Niger Crossing success”