Oil & Energy
Nigeria’s 40bn Barrels Oil Reserve Target Achievable -DPR

Director, Department of Petroleum Resources (DPR), Mr Sarki Auwalu, says Nigeria’s target of 40 billion barrels oil condensate reserve by 2025 is realistic and achievable.
Auwalu, who spoke last Saturday at the Society of Petroleum Engineers (SPE) Abuja Section 199 Independence Day Virtual Lecture, said this was possible with the policies and programmes being implemented by the Federal Government.
He said Nigeria was also planning to increase its gas reserve to 210TCF by 2025 and 220TCF by 2030.
Auwalu said Nigeria’s vast human and natural resources put it in a vantage position as Africa’s largest economy.
“Nigeria is positioned to optimally develop its oil and gas resources for the benefit of stakeholders who are the ordinary Nigerians.
”Reforms in the oil and gas sector are geared toward realising government’s aspirations.
” Government’s target to increase our oil condensates and gas reserves by 2025 is realistic and achievable with the programmes and policies being put in place,” he said.
The DPR chief said that Nigeria’s oil reserve had stagnated for over 17 years at 37 billion barrels.
He said this was because the country chose to give opportunities to more indigenous companies to participate in the oil and gas sector.
Auwalu said this led to the emergence of the Independent Petroleum Producers Group, which are wholly owned by Nigerians and could compete today with International Oil Companies (IOCs).
According to him, over $40 billion Foreign Direct Investment (FDI) has been attracted to the petroleum sector within the last 10 years, as Nigeria remains a destination of choice for investors.
He said that the sector could surpass its 10 per cent contribution to the nation’s Gross Domestic Product by driving in-country value addition and investments.
Auwalu listed the strategies being deployed by the government to include ongoing bid rounds for marginal oil fields, construction of gas pipelines across the country as well as refineries and petrochemical development.
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Dangote Refinery Resumes Gantry Self-Collection Sales, Tuesday
This is revealed in an email communication from the Group Commercial Operations Department of the company, and obtained by Newsmen, at the Weekend.
The company explained that while gantry access is being reinstated, the free delivery service remains operational, with marketers encouraged to continue registering their outlets for direct supply at no additional cost.
The statement said “in reference to the earlier email communication on the suspension of the PMS self-collection gantry sales, please note that we will be resuming the self-collection gantry sales on the 23rd of September, 2025”.
Dangote Petroleum Refinery also apologised to its partners for any inconvenience the suspension may have caused, while assuring stakeholders of its commitment to improving efficiency and ensuring seamless supply.
“Meanwhile, please be informed that we are aggressively delivering on the free delivery scheme, and it is still open for registration. We encourage you to register your stations and pay for the product to be delivered directly to you for free. We sincerely apologise for any inconvenience this may cause and appreciate your understanding,” it added.
It would be recalled that in September 18, 2025, Dangote refinery had suspended gantry-based self-collection of petroleum products at its depot. The move was designed to accelerate the adoption of its Free Delivery Scheme, which guarantees direct shipments of petroleum products to registered retail outlets across Nigeria.
The refinery stressed that the earlier decision was an operational adjustment aimed at streamlining efficiency in the downstream supply chain.