Nigeria’s national oil company, NNPC Ltd, has reiterated its commitment to developing and revamping downstream infrastructure across the country to enhance collaboration and drive efficiency in the sector.
Addressing attendees at the opening of the 2025 OTL Africa Downstream Energy Week in Lagos on Monday, the Group Chief Executive Officer of NNPC Ltd, Engr. Bayo Ojulari, said competition alone was no longer enough to drive efficiency, adding that operators must embrace collaboration, sustainability, and resilience as the new benchmarks for success.
“At NNPC, we are committed to deploying additional infrastructure across the oil and gas value chain while revamping our existing downstream infrastructure nationwide. These assets will be accessible to partners seeking to store and transport products, supporting strategic alliances and collaboration in the downstream sector,” the GCEO said.
He disclosed that a combination of factors — including strategic policies, fiscal incentives, and transparent, well-structured regulatory frameworks exemplified by the Petroleum Industry Act (PIA) — has fostered expansion and growth in the sector, requiring new skill sets and further investments in emerging business areas such as Liquefied Petroleum Gas (LPG), Compressed Natural Gas (CNG), and mini-LNG projects.
Ojulari urged participants at the conference to discuss challenges and align on opportunities “to redefine energy systems in ways that are both profitable and sustainable, to forge cross-sector partnerships that transcend traditional competition, and to explore innovative business models and technologies that support decarbonization while driving economic value.”
The OTL Africa Downstream Energy Week is the continent’s leading downstream and midstream energy event, bringing together international organizations, policymakers, regulators, development partners, operators, service providers, and consumers across the downstream energy value chain.
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