Nigerian National Petroleum Company Limited says it generated N4.40 trillion in revenue in July.
The company, in a statement on Thursday, said it recorded a profit after tax of N185 billion while remitting N7.96 trillion to statutory agencies between January and July.
NNPCL further stated that production stood at 1.70 million barrels per day of crude oil and condensate, alongside 7.72 billion standard cubic feet per day (scf/d) of natural gas.
It stated that to sustain crude oil and condensate output, it is working to improve production facility uptime, strengthen stakeholder collaboration, and enhance operational efficiency.
On the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline, NNPCL said additional subcontractors have been deployed to accelerate mainline works and fast-track project completion.
The company added that the Obiafu-Obrikom-Oben (OB3) Gas Pipeline has commenced a revised execution strategy aimed at expediting the completion of the OB3 River Niger Crossing.
“Already, a 113km portion of the OB3 Gas Pipeline has been commissioned and is flowing about 300 million scf/d of gas from the field,” NNPCL said.
