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NNPC Eyes $60bn Investment To Boost Gas, Refining Capacity … Targets 500,000bpd By 2030

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The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced plans to attract a minimum of $60 billion in new investments to boost gas development and expand the nation’s refining capacity by an additional 500,000 barrels per day by the year 2030.
Group Chief Executive Officer, NNPCL, Bashir Bayo Ojulari, stated this while receiving the leadership of the Nigeria Extractive Industries Transparency Initiative (NEITI) on a courtesy visit, in Abuja.
Ojulari explained that the company was mandated to raise crude oil production to three million barrels per day by 2030, grow gas output to 20 billion cubic feet per day, and add 500,000 barrels per day of refining capacity.
According to him, the NNPC is central to the overall gas development for Nigeria, with the Ajaokuta-Kaduna-Kano (AKK) pipeline as the major game changer that will impact the economy significantly.
Ojulari explained that the NNPC gas and new business team is already engaging customers and off-takers to put in place the necessary structures that would drive growth beyond pipeline infrastructure.
According to him, the focus is not only on the Ajaokuta-Kaduna-Kano gas pipeline, but also on enabling businesses to thrive through power generation, industrial parks, and compressed natural gas (CNG) expansion projects that would spring up from the initiative.
He added that the company is also working on further expansion of the Escravos–Lagos Pipeline System (ELPS), which currently supplies the western corridor and supports industrialization around Lekki and other parts of the Southwest adding that plans are underway to extend the West African Gas Pipeline (WAGP) further north, stretching across Africa to Morocco.
Highlighting future opportunities, Ojulari said the company is pursuing strategic partnerships to accelerate growth in the sector.
“In terms of our own aspirations, you saw the mandate we got from the president around when we were appointed, around growing oil production to three million barrels per day by 2030, growing gas production to a minimum of 20 billion cubic feet per day by again, 2020.
“Our aspiration is to pitch that target on the gas. You’ve also noticed the refinery capacity where we are required to have additional refining capacity of 500,000 barrels per day by 2030. And to achieve that, we are required to bring in additional investment of minimum of $60 billion”, he explained.
According to him,  NNPCL was also considering the expansion of the West African Gas Pipeline to Morocco, alongside new industrial parks, gas-to-power schemes and compressed natural gas projects to maximise value.
He explained that the company will continue with its reforms to ensure development in the energy sector despite resistance, stressing that transparency and accountability remain at the heart of its operations.
He said the company had already embarked on internal reforms to improve reporting standards and strengthen compliance mechanisms.
“You have my commitment to increase and deepen transparency and accountability. In terms of our full compliance with the NEITI principles and the EITI global standards, you have my full commitment. We will provide all the data required for the 2024 and 2025 audits in the most efficient manner.
“We are now restructuring and resourcing the compliance department to be able to do things more sustainably. I want to hold him personally accountable for compliance in this respect.
“We know that major transformations cannot be achieved without resistance. We are determined to pursue this transformation. There will be bumpy rides, but we are not deterred because this journey is about Nigeria”, he added.
In his remarks, the Executive Secretary of NEITI, Orji Ogbonnaya Orji, urged the leadership of NNPCL to restore and sustain critical disclosures that earned the company global recognition as a reform leader.
As Nigeria’s flagship national oil company, Orji said NNPC must stand as a model of transparency, accountability, efficiency, and civic engagement saying “individuals may come and go, but NNPC Limited must endure as a global energy giant”.
Orji noted that recent reforms and investments had increased indigenous ownership of Nigeria’s oil and gas sector, stressing that transparency was vital to sustain such gains.
Noting that NNPC had previously set the pace by publishing audited financial statements, monthly operations and production reports, annual statistical bulletins, and FAAC statements, Orji warned that some of these disclosures had become irregular, delayed, or discontinued, creating gaps in public data.
“We respectfully urge NNPC Limited to restore and sustain all discontinued disclosures on its platforms”, he said.
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Oil & Energy

Reps C’mitee Moves To Resolve Dangote, NUPENG Dispute

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The House of Representative on Petroleum Resources (downstream), has pledged to intervene in the ongoing dispute between Dangote Refinery and the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), warning that mishandling the issue could destabilize the downstream sector.
Chairman of the Committee, Ikenga Imo Ugochinyere, gave the assurance at the close of a three-day retreat, in Lagos, at the Weekend.
Ugochinyere noted that while Dangote and NUPENG signed a Memorandum of Understanding on September 9 to strengthen workers’ right to unionise, fresh disagreements have since emerged.
He stated that the committee had received multiple submissions from stakeholders adding that it would act in the best interest of both parties.
“If the issue is not well handled, it will create instability in the downstream sector. We must balance labour issues with economic interests,” he stated.
It would be noted that NUPENG had accused the refinery of intimidation, alleging it ordered truck drivers to remove union stickers before loading. Dangote, however, dismissed the claims describing it as “cheap blackmail.”
He also revealed that the committee has reopened its investigation into NNPC Ltd.’s acquisition of OVH Energy Marketing’s downstream assets and refinery upgrade, following a directive from the House after the initial report was rejected for omitting key facts.
“The investigation is distinct from the previous inquiry carried out. The House, therefore, mandated the Downstream Committee to undertake a fresh investigation—with a clear directive to uncover what truly transpired in the OVH acquisition process”, Ugochinyere said.
With the commencement of the investigation, the committee chairman said the general public is invited to make their input before the lawmakers present their recommendations on the floor of the House.
He directed that those with information and submissions should submit them to the clerk of the downstream committee.
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Oil & Energy

Increased Oil and Gas: Stakeholders Urge Expansion Of PINL Scope 

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Following the sustained record of increased oil and gas production in recent times, stakeholders from pipeline and crude oil host communities have urged the Federal Government to expand the security contract of Pipeline Infrastructure Nigeria Limited (PINL).
The stakeholders who gave the urge while speaking at the September Engagement, held in PortHarcourt, last Thursday, attributed the increased output in oil and gas production to the positive impact of PINL on oil and gas host communities
President-General, Orashi People’s Congress, Emeni Ibe, expressed happiness with PINL saying “Our people which includes Abua/Odual, Ahoada East and West, Ogba/Egbema/Ndoni have asked me to convey their gratitude for regularly holding this stakeholders meeting”.
“Our area is criss-crossed with several oil pipelines and in the campaign against vandalism, we have agreed to partner with the PINL.
“We are calling on the Federal Government to provide more funds to the company. We are pleased with their trainings and their scholarship for our youths. This is what we are expecting and if these things are done, pipeline vandalism will be a thing of the past.
“PINL is changing the narratives in our area so I join others to pass a vote of confidence on PINL”, Ibe said.
Also speaking, an indigene of Soku, community, Ajenkebiokpomaa Orlu, said his people want the federal government to include the community in the scope of job covered by PINL.
“We have been hearing about PINL in Rivers State and other neighboring communities but it’s like a surprise to us because Soku as a major player in the ooo and gas sector, we are not part of their operations. We are supposed to be part of it as major oil bearing community with the largest gas plant in West Africa and other oil facilities.
“I’m here to tell Federal Government, NNPCL and PINL to include Soku community in their scope of job and mostly for the Federal Government to expand PINL’s scope of work in the area to include Soku oilfield.
Speaking with journalists on the sidelines of the engagement, the General Manager, Community Relations and Stakeholders Engagement, Dr. Akpos Mezeh, explained that Soku Tombia, Rumuji, Ogba, Abha, Gbarain are all host to gas lines “and we have engaged workers from those communities to help go secure the lines”.
He expressed hopes that the Federal Government would expedite action in expanding PINL’s contract to cover those areas.
Mezeh stated; “Soku is a major oil and gas host community and by virtue of the fact that our current contract on TNP does not cover Soku, we’ve been able to cover them based on the limited resources we have and so far we’ve been doing wonderfully well there courtesy of the support we get from the community and there has been no incident of vandalism in Soku.
“We are calling on the Federal Government to expedite action on the formalising the expansion that we are already doing to cover the areas outside our primary mandate.
“We have Soku, Tombia, Rumuji, Ogba, Abha, Gbarain which host gas lines and we have engaged workers from those communities to help go secure the lines and so we hope that the Federal Government would expedite action in expanding our contract to cover those areas.
“We have expanded our operations into gas and we are into the sixth month and the results is clear and from the report of NUPRC, gas production has increased.
“We’ve done a lot to ensure that gas facilities are given adequate protection. We have engaged more workers from the communities where gas lines are criss-crossing and although that’s not our primary area of responsibility but we are doing that as a duty call to ensure that we support the Federal Government and that’s why we are calling on the Federal Government to formalise the work that we are already doing”.
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Digital Technology Key To Nigeria’s Oil, Gas Future 

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Experts in the oil and gas industry have said that the adoption of digital technologies would tackle inefficiencies and drive sustainable growth in the energy sector.

The experts made the remark at the 2025 Press Week Lecture and Symposium organised by the Nigeria Union of Journalists (NUJ), News Agency of Nigeria (NAN) Chapel, Lagos,

With the theme of the symposium as ‘Transforming Energy: The Digital Evolution of Oil and Gas’, he gathering drew top industry players, media leaders, traditional rulers, students, and security officials for a wide-ranging dialogue on the future of Nigeria’s most vital industry.

Chairman of the Petroleum Technology Association of Nigeria (PETAN), Wole Ogunsanya, highlighted the role of digital solutions across exploration, drilling, production, and other oil services.

Represented by the Vice Chairman, Obi Uzu, Ogunsanya noted that Nigeria’s oil production had risen to about 1.7 million barrels per day and was expected to reach two million barrels soon.

Ogunsanya emphasised that increased production would strengthen the naira and fund key infrastructure projects, such as railway networks connecting Lagos to northern, eastern, and southern Nigeria, without excessive borrowing.

He stressed the importance of using oil revenue to sustain national development rather than relying heavily on loans, which undermine financial independence.

Comparing Nigeria to Norway, Ogunsanya explained how the Nordic country had prudently saved and invested oil earnings into education, infrastructure, and long-term development, in contrast to the nation’s monthly revenue distribution system.

Chief Executive Officer (CEO) and Executive Secretary of the Major Energies Marketers Association of Nigeria (MEMAN), Clement Using, represented by the Secretary of the Association, Ms Ogechi Nkwoji, highlighted the urgent need for stakeholders and regulators in the sector to embrace digital technologies.

According to him, digital evolution can boost operational efficiency, reduce costs, enhance safety, and align with sustainability goals.

Isong pointed out that the downstream energy sector forms the backbone of Nigeria’s economy saying “When the downstream system functions well, commerce thrives, hospitals operate, and markets stay open. When it fails, chaos and hardship follow immediately,” he said.

He identified challenges such as price volatility, equipment failures, fuel losses, fraud, and environmental risks, linking them to aging infrastructure, poor record-keeping, and skill gaps.

According to Isong, the solution lies in integrated digital tools such as sensors, automation, analytics, and secure transaction systems to monitor refining, storage, distribution, and retail activities.

He highlighted key technologies including IoT forecourt automation for real-time pump activity and sales tracking, remote pricing and reconciliation systems at retail fuel stations, AI-powered pipeline leak detection, terminal automation for depot operations, digital tank gauging, and predictive maintenance.

NUJ-NAN Chapel Chairman,  Yunus Yusuf, urged all stakeholders to leverage digital technology for a more transparent, efficient, and sustainable energy future.
He emphasised deploying digital tools to drive sustainability, empower communities, and reshape Nigeria’s oil and gas landscape.
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