Tag: #GasProduction
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NNPC POSTS N60.5TRN REVENUE, N5.7TRN PROFIT IN 2025
Despite operational hiccups, Nigeria’s oil giant stays profitable. The Nigerian National Petroleum Company Limited has announced N60.5 trillion in revenue and N5.76 trillion profit after tax for 2025, according to its December report. Average crude oil output was 1.54 million barrels per day, while natural gas production averaged 6,914 mmscfd, peaking mid-year at over 7,500…
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NIGERIA REAFFIRMS GOAL OF 10 BILLION SCF GAS PRODUCTION BY 2030
Finance Minister Wale Edun underscores reforms and investments to boost Nigeria’s gas industry. Minister Wale Edun reaffirmed Nigeria’s commitment to producing 10 billion Standard Cubic Feet of gas per day by 2030 during a meeting with NLNG leadership. Discussions focused on production targets, investment climate, tax reforms, and infrastructure upgrades including pipeline security and road…
