NNPC Limited Records ₦6Trillion Crude Oil Sale, Declares ₦1Trillion Profit In May 2025
The Nigerian National Petroleum Company Limited (NNPCL) has declared a ₦6.008 trillion crude oil sale for the month May 2025.
The company also posted a profit after tax of ₦1.054 trillion, even as total production for the month failed to improve.
The NNPC Limited Monthly Report Summary for the month of May highlighted key figures, including crude oil and condensate production, natural gas output, revenue, profit after tax, and strategic initiatives during the period.
“The rise in crude oil sales despite stalled output, analysts say, was not unconnected with the geopolitical tensions that have continued to be shaped by several key factors, including the ongoing Russia-Ukraine conflict and unrest in the Middle East.
“The latest monthly NNPC Limited’s report indicates that crude oil and condensate production rose to 1.63 million barrels per day (bpd) from 1.61 million bpd in April, peaking at 1.72 million bpd for the month,” ICIR reported.
A breakdown of the report, however, shows that crude oil output held flat at 1.35 million bpd from the same figure in April.
The condensate volumes, however, recovered slightly to 280,000 bpd in May from 260,000 bpd in April.
“On strategic efforts, progressed technical interventions or AKK to resolve challenges of River Niger crossing and conducting detailed evaluation on OB3 RNC to determine the best project execution path going forward,” NNPC Limited stated.
