The Nigerian National Petroleum Company (NNPC) Limited has released its operational performance report for June 2025, providing insights into key production metrics, gas performance, sales volumes, and strategic infrastructure updates across the country.
This is the second time under the new leadership of Bashir Ojulari that the company will release a monthly report that offers insights into its operations and financial standing.
The state-owned energy company first published the monthly report in May, in a move that was highly commended as the business aims to boost investor confidence ahead of a planned public listing in the near future.
We look at the key highlights of the report.
Crude oil production
In June 2025, the state-owned energy company said Nigeria reported 1.68 million bpd. Of this, crude oil was 1.42 million bpd, while condensate stood at 260,000 b/d.
Although this is a slight increase from May’s production of 1.63 million bpd and represents one of the highest monthly outputs in the first half of the year, the reported figure didn’t align with OPEC’s latest monthly oil market report, which says Nigeria crossed the quota of 1.5 million bpd in June.
In its report, OPEC said Nigeria not only met but eclipsed its quota for June, producing an average volume of 1.505 million bpd.
This reflects a 3.58% rise from the 1.453 million bpd recorded in May.
June was the second time Nigeria reached its OPEC quota this year, having previously done so in January.
Natural gas production
Gas production reached 7,581 million standard cubic feet per day (mmscfd) in June, the highest monthly figure recorded in 2025 so far.
Production has shown consistent growth since March, rising from 6,928 mmscfd in that month.
A total of 4,742 mmscfd was reportedly sold on an M-2 basis in June.
This is the highest monthly gas sales volume for the year, continuing an upward trend from February’s low of 3,545 mmscfd.
Crude oil & condensate sales
- June 2025 total: 21.68 million b/d
- Crude oil: 20.68 million b/d
- Condensate: 1.00 million b/d
This represents a decline from May’s total of 24.77 million barrels.
Financial performance
- Revenue: N4,571 billion
- Profit after tax: N905 billion
- Statutory Payments (Jan-May): N6,961 billion
The company’s net profit for June fell by 14%, down from the N1,054 billion recorded in May. Also, operational revenue fell by 23.9% from N6,008 billion.
Retail stations & petrol availability
The company’s report indicated a stable fuel supply across NNPC’s retail networks with as high as 71% availability recorded in June, up 62% in May.
Moreover, a visual heatmap of NNPC Retail Station Wetness shows product availability across Nigerian states, with southern and middle belt states recording higher station activity.
This suggests improved downstream fuel distribution in high-demand areas.
Strategic infrastructure performance
NNPC achieved a high operational uptime of 97% with its upstream pipeline in June, suggesting continued improvements in security and infrastructure stability.
Other project milestones captured in the one-page report include:
- OB3 Pipeline: 96% complete
- AKK Pipeline: 83% complete
Notably, the AKK River Niger Crossing has been successfully completed, and technical review efforts have commenced on the OB3 River Niger Crossing to adopt similar strategies.
Additionally, the company stated that three national refineries including PortHarcourt, Warri, and Kaduna refineries are under review, with progress being made toward reactivation and upgrade.
On the whole, NNPC’s June 2025 report indicates a steady upward trend in gas production and sales, coupled with marginal gains in oil output.
Despite a fall in financial performance, the outlook remains strong and infrastructure upgrades such as the AKK and OB3 pipelines are advancing toward completion.
While downstream availability remains moderate, strategic efforts and ongoing refinery assessments suggest a broader drive toward national energy security and efficiency.
