NNPC GCEO Calls for Stronger Energy Partnerships, Unveils One-Year Performance Scorecard
ABUJA – The Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Engr. Bashir Bayo Ojulari, has called for stronger collaboration across Nigeria’s energy industry, stressing that strategic partnerships are essential to unlocking Africa’s vast energy potential, attracting investment, and driving sustainable economic growth.
Ojulari made the call while delivering the keynote address at the opening ceremony of the 25th NOG Energy Week held at the Bola Ahmed Tinubu International Conference Centre in Abuja. During the event, he also presented NNPC Ltd’s one-year performance scorecard and outlined the company’s strategic vision for Nigeria’s energy future.
He disclosed that NNPC Ltd achieved an average crude oil export terminal recovery rate of 98 per cent across its five export terminals between April 2025 and May 2026. This, he said, represents a significant improvement from the operational lows recorded in June 2022, when recovery at the Bonny Oil and Gas Terminal fell to about one per cent.
According to the NNPC boss, Nigeria’s crude oil production has risen to 1.71 million barrels per day—the highest level recorded in the last five years. He added that NNPC Exploration and Production Limited (NEPL) also achieved a record production of 365,000 barrels per day.
Ojulari further stated that gas production increased to 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.
He noted that NNPC Ltd maintained 100 per cent compliance with all Joint Venture cash call obligations throughout 2025 and up to June 2026, while continuing efforts to achieve its target of producing two million barrels of crude oil per day.
Highlighting recent commercial achievements, Ojulari said the company signed landmark Gas Sale and Purchase Agreements (GSPAs) covering 1.29 billion standard cubic feet per day of long-term LNG feed gas and 750 million standard cubic feet per day of domestic industrial gas supply to DFL FZE and Dangote Refinery.
He explained that the agreements are expected to attract over $20 billion in associated investments, with seven additional commercial transactions currently in the pipeline.
On corporate governance, Ojulari revealed that NNPC Ltd 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 as part of efforts to strengthen transparency, accountability, and investor confidence.
He urged stakeholders across the energy value chain to move beyond transactional relationships and embrace strategic partnerships capable of building integrated value chains and 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,” Ojulari said.
Describing the energy sector as one of the world’s most interconnected industries, he maintained that no single organisation can unlock Africa’s enormous energy potential alone.
Ojulari identified fragmented collaboration as one of the major obstacles to Africa’s energy transformation, citing weak linkages between resource owners and operators, investors and projects, innovation and execution, as well as policy and capital.
Despite Africa holding about 17 per cent of the world’s natural gas reserves alongside abundant oil and renewable energy resources, he noted that the continent continues to attract only a small share of global energy investment.
He therefore called on governments, national oil companies, regulators, investors, financiers, academia, and service providers to work together to position Africa as a global hub for energy investment, technological innovation, and value creation.
“The future of African energy will not be determined solely by the resources beneath our soil, but by the quality of the partnerships we forge above it. The opportunity before us is extraordinary. The responsibility is ours. And the time to act is now,” he said.
Now in its 25th edition, NOG Energy Week remains Africa’s premier oil, gas, and energy conference and exhibition, bringing together global energy leaders, policymakers, investors, and innovators to shape the future of energy, sustainability, and industrial development across the continent.
