The Group Chief Executive Officer, Nigerian National Petroleum Company Limited, Mele Kyari, on Tuesday, announced that the NNPC as a corporation grew its profit after tax and assets from N287bn and N15.86tn in 2020, to N674bn and N16.3tn in 2021, respectively.
Kyari, who disclosed this at a press conference in Abuja, said the 2021 profit was contained in the Group Audited Financial Statement of the oil firm for the year ended December 31, 2021.
He also told journalists that all major trunk lines conveying crude oil to export terminals were currently shut down in order to avert further oil theft in the Niger Delta.
He was, however, quick to state that efforts by the oil firm, security agencies and surveillance contractors were paying off, as about 400,000 barrels of crude would be added to the country’s output in the next few days.
The NNPC boss said, “In September 2021, Mr. President graciously approved the publication of the 2020 NNPC Group Audited Financial Statement, in which NNPC declared a profit after tax of N287bn for the first time in its 44 years.
