September 26, 2025-Published by Cyril

The Nigerian National Petroleum Company Limited (NNPCL) has announced a sharp 91.3 percent rise in its monthly profit, reaching N539 billion in August 2025, up from N185 billion in July.

According to its August Monthly Report Summary, NNPCL’s revenue also increased to N4.655 trillion, compared to N4.406 trillion recorded the previous month. Between January and July 2025, the company remitted a total of N8.86 trillion to the Federation Account.

On production performance, Nigeria pumped an average of 1.65 million barrels of crude oil per day in August, marking a 2.9 percent drop from July’s 1.7 million barrels per day. Gas output also declined by 10 percent, falling to 6,949mmscf/d from 7,722mmscf/d in July.

The company attributed the shortfall to scheduled maintenance activities across upstream facilities, particularly linked to the Nigeria LNG Turn Around Maintenance (TAM). It emphasized that industry-wide collaboration is ongoing to ramp up production after the exercise.

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On gas infrastructure, NNPCL reported significant progress:

The Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline is now 84% complete, with construction advancing across multiple fronts.

The Obiafu-Obrikom-Oben (OB3) Gas Pipeline has reached 96% completion. So far, 113 kilometres have been commissioned, currently supplying about 300mmscf/d of gas from producers such as AHL (250mmscf/d), along with Platform, Chorus, and Xenergi (50mmscf/d).

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