Group Chief Executive Officer, GCEO of the Nigerian National Petroleum Company, NNPC, Limited, Bashir Ojulari, has called for stronger collaboration across Nigeria’s energy industry to unlock Africa’s vast energy potential, saying partnerships remain the key to driving investment, industrialisation and sustainable growth.
Ojulari made the call while delivering the keynote address at the opening ceremony of the 25th NOG Energy Week in Abuja, where he also highlighted significant operational, commercial and financial milestones achieved over the past year, under his stewardship.
He disclosed that NNPC Limited recorded an average 98% 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 Limited maintained 100% 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.
“These agreements represent more than US$20 billion in associated investments, with seven additional commercial transactions in the pipeline,” Ojulari said.
The GCEO further revealed that NNPC Limited resumed full monthly remittances to the Federation Account in July 2025, reinstated monthly business performance reporting and hosted its first-ever earnings call in November 2025, reinforcing the Company’s commitment to transparency, accountability and investor confidence.
He urged stakeholders to move beyond transactional relationships to strategic partnerships, from isolated projects to integrated value chains, and from exporting raw resources to building competitive industrial economies.
“At NNPC Limited, we see ourselves not just as an energy producer but as an ecosystem builder – connecting capital, technology, policy, talent and markets to create lasting value for Nigeria and Africa,” he said.
Now in its 25th year, the NOG Energy Week is Africa’s premier oil, gas, and energy conference and exhibition, bringing together global energy leaders, policymakers, investors, and innovators to discuss the future of energy, sustainability, and industrial growth in Nigeria and beyond.
(Editor: Terverr Tyav)
