Energy · 43 views
Nigeria's NNPC Revenue Drops in May Despite Higher Oil Output
NNPC Limited booked lower revenues in May compared to April despite the higher crude oil and condensate production, the latest monthly figures by the Nigeria's state oil and gas firm showed.
Summary
NNPC Limited booked lower revenues in May compared to April despite the higher crude oil and condensate production, the latest monthly figures by the Nigeria's state oil and gas firm showed. NNPC's revenues fell to $3.15 billion (4.335 trillion Nigerian naira) in May, from $3.62 billion (4.97 trillion naira) in April, as oil prices eased from the Iran war-time highs seen in April.
AI summaries can be wrong sometimes—always verify important details using the source article.
How AI & Automation are usedMore from Energy
Continue reading recent Energy coverage
- New flywheel design could eliminate power converter for grid connectionContinue reading
- China’s Wind and Solar Power Capacity Surpasses 2 TerawattsContinue reading
- Sunkean advances copper-to-aluminum jumpers for PV DC systemsContinue reading
- Qvantum launches 50 kW propane heat pump for residential, commercial applicationsContinue reading
Support HappeningNow
Independent AI-powered news analysis is reader-supported. Your contribution helps cover infrastructure, summaries, and continued platform development.
Support HappeningNow