In June, the Nigerian National Petroleum Company Limited (NNPCL) reported a profit of N4.571 trillion.
In its June report, the company stated that it achieved a profit after tax of N905bn and made statutory payments totaling N6.961tr from January to May 2025
It stated that 1.68 million Crude Oil & Condensate was produced in that timeframe.Continuous collaborations across the industry are progressively enhancing synergies aimed at enhancing production and optimizing costs. It was reported that the Abuja-Kaduna-Kano (AKK) pipeline is 83% finished, with the pipeline traversing the River Niger, which has considerably mitigated risks associated with completing the mainline. “Further measures are being implemented to guarantee that completion occurs as early as possible.
“Started the technical review of the OB3 River Niger Crossing to replicate insights gained from the success of the AKK River Niger Crossing
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