The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced a profit after tax of N905 billion for June 2025, according to its Monthly Financial and Operations Report.

The report showed that crude oil and condensate production stood at 1.68 million barrels per day for the month, slightly below the May peak of 1.73 million barrels per day. Crude oil and condensate sales also showed minimal movement, with volumes recorded at 25.31 million barrels for June, compared to 24.77 million barrels in May.

Gas production rose marginally to 7.581 billion standard cubic feet per day in June, up from 7.352 billion in April. Gas sales also increased, with sales on an M-2 basis recorded at 4.742 billion standard cubic feet per day, compared to 4.698 billion in May.

Revenue for the month stood at N4.571 trillion, with statutory payments from January to May 2025 amounting to N6.961 trillion. The report also recorded Premium Motor Spirit (PMS) availability at 96 percent nationwide, while upstream pipeline availability was marked at 97 percent.

NNPC Retail’s witness indicator of fuel availability was recorded at 71 percent across its network of 568 retail stations.

The report further highlighted the successful completion of the AKK River Niger crossing, describing it as a major milestone that significantly de-risked the completion of the Ajaokuta-Kaduna-Kano gas pipeline project. The company noted that learnings from this development were being applied to the ongoing technical review of the OB3 River Niger crossing project.

In addition, the company stated that reviews of the Port Harcourt Refining Company (PHRC), Warri Refining and Petrochemical Company (WRPC), and Kaduna Refining and Petrochemical Company (KRPC) were progressing.

The report did not provide timelines for the completion of these projects, but noted that strategic efforts and industry-wide collaborations were ongoing to improve production and infrastructure delivery.