From Victro Osula, Abuja
The Nigerian National Petroleum Company Limited (NNPC) has reported revenue of N4.4 trillion for July 2025, a decline from N4.57 trillion recorded in May.
According to its Monthly Report Summary released on Thursday night, the company’s Profit After Tax (PAT) dropped sharply to N185 billion in July, down from N905 billion posted in June.
Nigeria’s crude oil and condensate output stood at 1.70 million barrels per day (bpd) in July, a slight increase from 1.68 mbpd in June.
Crude oil accounted for 1.40 mbpd, while condensates contributed 0.29 mbpd.
Natural gas production rose 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 also improved, reaching 4.98 bscf/d in July, up from 4.74 bscf/d in June.
On downstream operations, NNPC said petrol availability at its retail stations nationwide stood at 70 per cent in July, marginally lower than 71 per cent in June.
The report noted that the Ajaokuta–Kaduna–Kano (AKK) Gas Pipeline project advanced to 83 per cent completion from 81 per cent in May, while the Obiafu–Obrikom–Oben (OB3) Gas Pipeline remained at 96 per cent completion.
NNPC said a revised execution strategy has been adopted to fast-track the OB3 River Niger Crossing, with a 113km section already commissioned and delivering about 300 million scf/d of gas from producers including AHL, Platform, Chorus and Xenergi.
It added that additional subcontractors have been deployed on the AKK project to accelerate mainline works.
As part of its corporate social responsibility drive, the company said its foundation coordinated the donation of 35 CNG buses to the Presidential Initiative on CNG (Pi-CNG).
It also announced the commencement of a tree-planting exercise in Katsina State, with 200,000 trees set for planting in a climate change mitigation effort scheduled to be officially flagged off in August.
