By Abubakar Yunusa

The Nigerian National Petroleum Company (NNPC) Limited says crude oil and condensate sale increased to 23.65 million barrels in April, while gas sale declined marginally to 5.04 million standard cubic feet per day (mmscf/d).
In its April 2026 monthly report summary on Saturday, the national oil company said crude oil and condensate sale rose from 17.27 million barrels recorded in March, representing a month-on-month increase of about 36.9 percent.
The improved sale performance came as crude oil and condensate production rose to 1.68 million barrels per day (mmbpd) in April from 1.56 mmbpd in March.
Gas sale, however, fell slightly from 5.05 mmscf/d in March to 5.04 mmscf/d in April.
This followed gas production declining marginally to 7,730 mmscf/d, compared with 7,731 mmscf/d recorded in the previous month.
NNPC said the month-on-month production performance was “driven largely by improved facilities uptime”.
The report, however, noted that April’s output was affected by the delayed restart of the Trans Ramos Pipeline (TRP) following turnaround maintenance, as well as leaks and other facility integrity issues across some assets.
NNPC also reported stronger financial performance for the month.
According to the report, revenue rose to N4.97 trillion in April, representing a 79.23 percent increase from March, while profit after tax increased by 74.28 percent to N481 billion.
NNPC said cumulative statutory payments between January and April stood at N3.71 trillion.
The company also highlighted the completion of the Obiafu-Obrikom-Oben (OB3) River Niger Crossing project, describing it as a major milestone for Nigeria’s gas infrastructure development.
“OB3 River Niger Crossing: Successfully completed the OB3 River crossing after relentless efforts from all critical stakeholders thus bringing Nigeria closer to realization of its strategic gas infrastructure development ambitions and assuring its energy security,” the report reads.
NNPC added that construction and installation activities on the Ajaokuta-Kaduna-Kano (AKK) gas pipeline continued during the month, with the project reaching 94 percent completion as efforts intensify towards achieving early gas supply to Abuja in 2026.
The report said all production, sales and financial figures remain provisional and subject to reconciliation with relevant stakeholders.

READ MORE  Transactions on NGX down 23.15%, investors lose N9bn

LEAVE A REPLY

Please enter your comment!
Please enter your name here