…Seeks stronger collaboration across Nigeria’s energy industry
The Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Engr. Bashir Bayo Ojulari, has disclosed that the company 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 stated this while delivering the keynote address at the opening ceremony of the 25th NOG Energy Week at the Bola Ahmed Tinubu International Conference Centre, Abuja.
He also disclosed significant operational, commercial and financial milestones achieved over the past year, under his stewardship.
According to him, 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.
The NNPC Ltd boss said the company 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.
He, however, called for stronger collaboration across Nigeria’s energy industry to unlock Africa’s vast energy potential.
Such collaboration, he said, remains vital to driving investment, industrialisation and sustainable growth.
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, he said, represented more than US$20 billion in associated investments, with seven additional commercial transactions in the pipeline.
The GCEO further 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, reinforcing the company’s commitment to transparency, accountability and investor confidence across Africans & Diaspora.
SOURCE: tribuneonlineng.com