The Nigerian National Petroleum Company Limited (NNPC Ltd) has reported a ₦748 billion profit after tax and total revenue of ₦5.891 trillion for the month of April 2025, according to its latest monthly financial and operations report released on Thursday.
The report also disclosed that ₦4.225 trillion in statutory payments were made by the company between January and March 2025, underscoring the oil giant’s central role in federal revenue distribution.
Stable Oil Output, Gas Projects Progressing
Crude oil and condensate production in April was pegged at 1.6 million barrels per day (bpd), while natural gas output stood at 7,473 million standard cubic feet per day (mmscf/d), reinforcing NNPC’s steady upstream performance.
On infrastructure, the company reported significant progress on two major gas pipeline projects. The Obiafu–Obrikom–Oben (OB3) Gas Pipeline has now reached 95% completion, while the long-delayed Ajaokuta–Kaduna–Kano (AKK) Gas Pipeline is 70% completed.
NNPC said technical interventions were carried out in April to resolve persistent challenges especially the River Niger crossings affecting both OB3 and AKK pipelines. These developments are expected to boost domestic gas supply and improve energy access across the country once completed.
Refineries Under Review, Pipeline Availability Remains Strong
While efforts to revamp Nigeria’s refineries continue, NNPC stated that the Port Harcourt, Warri, and Kaduna refineries remain “under review.” No specific timelines were provided regarding the completion of rehabilitation efforts.
In terms of infrastructure reliability, upstream pipeline availability was strong, standing at 97% in April. However, petrol availability across NNPC’s retail stations nationwide was recorded at 54%, suggesting ongoing supply chain challenges.
Additionally, Turn Around Maintenance (TAM) was completed in April for OML 18, OML 118, and OML 133, as part of efforts to stabilize and enhance production efficiency in key oil fields.
Pipeline Investments and Future Projects on the Horizon
Looking ahead, NNPC outlined several Final Investment Decisions (FIDs) expected within 2025. These include:
- Ntokon Development Project (OML 102)
- Crude Oil Production Expansion (OML 29)
- Gas Development Projects (OMLs 30 and 42)
- Brass Fertilizer Project, which is on track for financial close
These projects signal a continued shift towards a more balanced energy portfolio, with growing emphasis on gas monetization, downstream investments, and value-added petrochemical projects.
NNPC emphasized that all reported financial figures are provisional and unaudited, and the operational data provided covers April 2025 unless otherwise stated.
