Tuesday July 01, 2025
By Ukeme ASUQUO, Uyo
The Nigerian National Petroleum Company Limited, NNPCL, has stated that it made N5.58tr statutory payment to the federal government from January to April, 2025.
The company in its monthly report summary for May 2025 published on its website and official X handle said it made N1.054tr profit after tax and made N6trn revenue in May, adding that 1,629 million of Crude Oil and Condensate Production (kbopd) were made.
It added that its three refineries it shut down in May are still undergoing review.
While it said the Abuja-Kaduna-Kano pipeline project has reached 81% completion, it has ensured a progressed technical intervention on AKK to resolve challenges of River Niger crossing, RNC, and conducting detailed evaluations on OB3 RNC to determine the best project execution path forward.
It would be recalled that the company had shut down the Port Harcourt Refining Company, PHRC, Warri Refinery and Kaduna Refinery for maintenance.
“We completed Turn Around Maintenance, TAM, in May: 20/24’’ Trans Escravos Pipeline, TEP, OML 40 – Opuama flow station, OML 17 – Obigbo and Agbada Flow Stations.
“Ongoing collaboration with venture partners to accelerate sustainable production enhancement,” the national oil company added.