Ojulari Unveils NNPC Gains, Pushes Energy Partnerships

National Petroleum Company (NNPC) Limited, has called for stronger collaboration across Nigeria’s energy industry, saying strategic partnerships are critical to unlocking Africa’s vast energy resources, attracting investments, and driving sustainable economic growth.

Ojulari made the call while delivering the keynote address at the opening of the 25th NOG Energy Week at the Bola Ahmed Tinubu International Conference Centre in Abuja. He also presented NNPC Ltd’s one-year performance scorecard and outlined the company’s strategic vision for Nigeria’s energy future.
According to him, NNPC Ltd recorded an average crude oil export terminal recovery rate of 98 per cent across its five export terminals between April 2025 and May 2026, a significant improvement from June 2022 when recovery at the Bonny Oil and Gas Terminal dropped to about one per cent. He added that Nigeria’s crude oil production has increased to 1.71 million barrels per day, the highest level in five years, while NNPC Exploration and Production Limited (NEPL) achieved a record output of 365,000 barrels per day.
Ojulari also disclosed that gas production rose to 7.5 billion standard cubic feet per day following the completion of the River Niger crossing on the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline and the commissioning of the ANOH Gas Processing Plant. He said NNPC maintained 100 per cent compliance with Joint Venture cash call obligations throughout 2025 and up to June 2026, while pursuing its target of producing two million barrels of crude oil daily.
Highlighting recent commercial achievements, the NNPC boss 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 noted that the agreements are expected to attract more than $20 billion in investments, with seven additional commercial transactions currently being processed.
On corporate governance, Ojulari revealed that NNPC resumed full monthly remittances to the Federation Account in July 2025, reinstated monthly business performance reporting, and held its first-ever earnings call in November 2025 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. According to him, NNPC sees itself not only as an energy producer but also as an ecosystem builder connecting capital, technology, policy, talent, and markets to create lasting value for Nigeria and Africa.
Ojulari described the energy sector as one of the world’s most interconnected industries, stressing that no single organisation can unlock Africa’s energy potential alone. He identified fragmented collaboration among governments, investors, operators, policymakers, and financiers as a major challenge limiting the continent’s energy transformation despite Africa possessing about 17 per cent of the world’s natural gas reserves alongside abundant oil and renewable energy resources.
He therefore called on governments, national oil companies, regulators, investors, financiers, academia, and service providers to work together to position Africa as a global destination for energy investment, innovation, and value creation. He emphasized that Africa’s energy future would depend not only on its natural resources but also on the strength of the partnerships it builds.
Now in its 25th edition, NOG Energy Week remains Africa’s leading oil, gas, and energy conference, bringing together global energy leaders, policymakers, investors, and innovators to shape the future of energy, sustainability, and industrial development across the continent.