Audio By Carbonatix
Nigeria's state oil firm NNPC booked after-tax profits of 5.760 trillion naira ($4.26 billion) last year, it said, as Africa's biggest oil producer recorded average crude and condensate output of 1.62 million barrels per day.
Total revenue was 60.517 trillion naira, with statutory payments to government agencies and partners amounting to 14.706 trillion naira for the year.
NNPC did not include comparison figures from the previous year in the results released on Wednesday.
It said crude production dipped slightly in December - the last month of the period - from earlier months due to scheduled maintenance and several unplanned outages.
December oil and condensate production averaged 1.54 million bpd, with revenue for the month reaching 4.824 trillion naira.
Natural gas supply in December averaged more than 6.914 billion standard cubic feet per day.
Downstream metrics improved in December, the company said, with Nigerian Refining Limited stations achieving 65% petrol (PMS) availability, marking an increase from previous periods.
Upstream infrastructure also performed strongly, with pipeline systems reporting 100% availability.
The company highlighted continued progress on major gas infrastructure projects. Mainline welding on the Ajaokuta-Kaduna-Kano pipeline was completed in December, while pilot-hole drilling progressed on the Obiafu-Obrikom gas pipeline.
NNPC said all figures remain provisional pending final reconciliation with stakeholders.
Latest Stories
-
Majority opposes parliamentary probe into cocaine busts while investigations continue
36 seconds -
Salomey Baffoe detention is a facade to divert attention from cocaine scandal – Weija-Gbawe MP
14 minutes -
Francis-Xavier Sosu is doing well after GIMPA incident – Office
20 minutes -
Deputy Minority Leader appeals to First Lady, Vice President over Salomey Baffoe’s detention
24 minutes -
Ecobank Group commits US$2.6bn to women-led businesses and agribusinesses across Africa
36 minutes -
Ghana to host high-level conference on scaling education initiatives in emergencies
59 minutes -
Democracy must not be for sale: Who pays for Ghana’s politics, and how do we confront money, influence and accountability?
1 hour -
Aburi Amanfrom landowners appeal for government support for Atwapim development project
1 hour -
Cargill Ghana and International Cocoa Initiative celebrate 111 young graduates building skills for the future
2 hours -
Video: Madina MP Francis-Xavier Sosu collapses while addressing students at GIMPA
2 hours -
Hunnyboy reveals how social media landed him Shatta Wale feature
2 hours -
I am a perfectionist – Actor William Lamptey
2 hours -
No room for another false start as Ghana begin AFCON qualifying campaign
2 hours -
“We are grateful for what you have achieved” – AGI President tells Finance Minister
2 hours -
“No Nation is Inferior”: Mahama champions human dignity and security council reform at the UN
3 hours