NNPC Reports N3.087tn Revenue, N279bn Profit in July

The Nigerian National Petroleum Company Limited (NNPC) reported a cumulative remittance of N7.913 trillion to the federation between January and July 2026. In July alone, the company recorded revenue of N3.087 trillion and a profit after tax (PAT) of N279 billion.

The report indicated that crude oil and condensate production stood at 1.68 million barrels per day, while natural gas production was 7,489 million standard cubic feet per day (mmscfd), with gas sales at 4,581 mmscfd. The availability of NNPC retail stations for the sale of Premium Motor Spirit (PMS) was at 52% in July.

The OB3 gas pipeline project achieved 100% completion, and the Ajaokuta-Kaduna-Kano (AKK) gas pipeline was at 95% completion. NNPC's strategic initiatives focus on maintaining high facility uptime and optimizing export operations to enhance production and revenue.