NNPC Ltd Calls for Collaboration at 25th NOG Energy Week

During the 25th NOG Energy Week held at the Bola Ahmed Tinubu International Conference Centre in Abuja, Bashir Ojulari, the Group Chief Executive Officer of NNPC Ltd, emphasized the necessity for stronger collaboration across Nigeria's energy industry to unlock Africa's vast energy potential. He reported that NNPC Ltd achieved an average recovery rate of 98% across its five crude oil export terminals from April 2025 to May 2026.

Nigeria's crude oil production rose to 1.71 million barrels per day, the highest level in five years. NNPC Ltd also maintained 100% compliance with joint venture cash call obligations and resumed full monthly remittances to the federal account in July 2025.

Ojulari announced a landmark gas sale purchase agreement covering 1.29 billion standard cubic feet per day, representing a significant investment in the energy sector. He urged stakeholders to move beyond transactional relationships to build a competitive industrial economy, noting that Africa must collaborate to attract more global energy investments.