The Nigerian National Petroleum Company Limited has reported a significant increase in crude oil and condensate sales for April 2026, with total sales reaching 23.65 million barrels, up from 17.27 million barrels recorded in March. This represents a month-on-month growth of approximately 36.9 percent.
Production and Sales Performance
According to the company's April 2026 monthly report summary, the improved performance was supported by higher production levels. Crude oil and condensate output rose from 1.56 million barrels per day in March to 1.68 million barrels per day in April. In contrast, gas sales experienced a marginal decline, falling to 5.04 million standard cubic feet per day from 5.05 million standard cubic feet per day in the previous month. Gas production also dipped slightly to 7,730 million standard cubic feet per day compared to 7,731 million standard cubic feet per day in March.
Factors Affecting Output
NNPC attributed the improved crude production performance largely to enhanced facility uptime across its operations. However, the company noted that April's output was affected by delays in restarting the Trans Ramos Pipeline following turnaround maintenance, as well as leaks and integrity challenges on some facilities.
Financial Results
The national oil company also posted stronger financial results for the month. Revenue increased to 4.97 trillion naira in April, representing a 79.23 percent rise from March, while profit after tax climbed by 74.28 percent to 481 billion naira. NNPC further disclosed that its cumulative statutory payments between January and April 2026 reached 3.71 trillion naira.
Gas Infrastructure Milestones
The company also announced the completion of the Obiafu-Obrikom-Oben River Niger Crossing project, describing it as a major milestone in Nigeria's gas infrastructure development. According to the report, the project is expected to strengthen the country's energy security and support strategic gas transportation objectives. NNPC also said work continued on the Ajaokuta-Kaduna-Kano Gas Pipeline Project, with construction reaching 94 percent completion. The company noted that efforts were being intensified to achieve early gas supply to Abuja in 2026.
It added that all production, sales and financial figures contained in the report remain provisional and are subject to reconciliation with relevant stakeholders.
