The Nigerian National Petroleum Company (NNPC) has reported a total revenue of ₦4.406 trillion from the sale of its crude oil, gas, and other petroleum products for July 2025, which was 3.61% lower than June’s ₦4.571 trillion.
The government-owned Oil company saw its profit after tax plunge 79.56%, from ₦905 billion in June to just ₦185 billion, reflecting mounting cost pressures.
Crude oil output dipped slightly to 1.40 million barrels per day (mbpd) in July from 1.42 mbpd the previous month, but this was cushioned by condensate rising to 0.29 mbpd from 0.26 mbpd, resulting in a net total of 1.70 mbpd compared to June’s 1.68 mbpd, highlighting modest production resilience.
Meanwhile, gas production climbed to 7,722 million standard cubic feet per day (mmscfd) from 7,581 mmscfd, and gas sales increased to 4,978 mmscfd from 4,742 mmscfd, reflecting stronger downstream gas demand.
NNPC credited these outcomes to sustained crude and condensate production levels, improved facility uptime, tighter stakeholder collaboration, and enhanced operational efficiency, indicating effective internal management in July’s oil-gas operations.
According to its performance report, the deployment of additional subcontractors accelerated AKK Gas Pipeline mainline works while a revised execution strategy propelled completion efforts on the OB3 Gas Pipeline, including commissioning a 113 km section delivering 300 mmscfd (250 from AHL, 50 from Platform, Chorus, Xenergi combined).
On the environmental and social front, the NNPC Foundation, together with the EVPs of Downstream and Business Services, donated 35 CNG buses under the Pi-CNG initiative, reinforcing cleaner transport solutions.
Moreover, to bolster climate action, NNPC has begun planting 200,000 trees in Katsina State, with the flag-off slated for August 2025, showcasing its commitment to green energy and environmental sustainability.
