The Nigerian National Petroleum Company Limited (NNPC Ltd.) has announced full availability on all major crude oil pipelines across the country throughout June 2025 — a first in recent years.
Group Chief Executive Officer of NNPC Ltd., Mr. Bashir Ojulari, delivered his keynote address at the 24th NOG Energy Week in Abuja. He attributed the achievement to industry-wide security interventions led by NNPC Ltd., which have significantly improved crude oil production.
Ojulari emphasized the company’s improved financial position, noting that NNPC now consistently meets its cash-call obligations in Joint Venture operations. “The narrative has always been that NNPC couldn’t meet its cash calls. Today, we can raise finance for all our operations,” he stated.
He also highlighted progress on the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline, which has successfully crossed the River Niger — a key milestone that boosts confidence in completing the project by Q4 2025. This, he said, was made possible through contract reengineering and industry collaboration.
The Petroleum Industry Act (PIA), according to Ojulari, has further positioned NNPC to drive financing and lead sectoral reforms.
Speaking at the same event, Mr. Abdulrazaq Isa, Chairman of the Independent Petroleum Producers Group (IPPG), described the oil and gas industry as being at a critical phase of reform. He noted that key policies are being accelerated, including the implementation of the PIA and the conclusion of International Oil Companies’ (IOC) divestments.
Isa stressed the need to align with President Tinubu’s directive for Nigeria to increase production to 3 million barrels of oil per day and 12 billion cubic feet of gas by 2030.
“This means ramping up production by about 1.3 million barrels per day and 4.5 billion cubic feet of gas in the next five years. Where will this come from? What is needed to sustainably grow output to meet this target?” he asked.
He said the bulk of the anticipated growth would come from recently divested onshore and shallow water assets, now largely held by indigenous producers, especially IPPG members.
Isa called on indigenous oil and gas companies — which now contribute over 50% of national production — to lead a meaningful transformation in the industry that supports national development.
