The Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Engr. Bashir Bayo Ojulari, has emphasized the importance of stronger collaboration within Nigeria’s energy sector to tap into Africa’s significant energy potential. He noted that partnerships are crucial for fostering investment, promoting industrialization, and ensuring sustainable growth.
Ojulari made the call while delivering the keynote address at the opening ceremony of the 25th NOG Energy Week at the Bola Ahmed Tinubu International Conference Centre, Abuja, where he also highlighted significant operational, commercial and financial milestones achieved over the past year, under his stewardship.
He disclosed that NNPC Ltd recorded an average 98 per cent recovery across its five crude oil export terminals between April 2025 and May 2026, compared with operational lows of about one per cent at the Bonny Oil and Gas Terminal in June 2022.
Ojulari also announced that Nigeria’s crude oil production has risen to 1.71 million barrels per day—the highest level in five years—while NNPC Exploration and Production Limited (NEPL) achieved a record production of 365,000 barrels per day.
He added that gas production reached 7.5 billion standard cubic feet per day, driven by the successful completion of the River Niger crossing on the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline and the commissioning of the ANOH Gas Processing Plant.
According to him, NNPC Ltd maintained 100 per cent compliance with all Joint Venture cash call obligations throughout 2025 and up to June 2026, while sustaining its drive toward achieving crude oil production of two million barrels per day.
Since the last NOG Energy Week, he said, the Company has signed landmark Gas Sale and Purchase Agreements (GSPAs) covering 1.29 billion standard cubic feet per day for long-term LNG feed gas and 750 million standard cubic feet per day for domestic industrial gas supply to DFL FZE and Dangote Refinery.
