By Onyeanya Ebere Immaculata
The Nigerian National Petroleum Company Limited (NNPCL), has raised Nigeria’s crude oil production to 1.7 million barrels per day (bpd) and set a target of 2 million bpd by 2027, with a long-term goal of 3 million bpd.
NNPCL Group CEO Bashir Ojulari announced the milestone on Tuesday during the “Energy Talk” session at ADIPEC 2025 in the United Arab Emirates.
He attributed the growth to renewed partnerships with local and international producers, removal of operational obstacles, and a focus on shared value creation.
Ojulari outlined plans to collaborate with OPEC members, African national oil companies, and financial institutions to attract $30-60 billion in new investments by 2030.
He highlighted ongoing projects including upstream revival programmes, expansion of gas infrastructure such as the near-complete Ajaokuta-Kaduna-Kano (AKK), and Obiafu-Obrikom-Oben (OB3), pipelines, and cleaner energy initiatives like the Presidential CNG Initiative.
Speaking on Nigeria’s energy potential, Ojulari said: “Nigeria is a central player in Africa’s energy landscape. At NNPC Limited, we are not just participating in the energy transition; we are shaping it from an African perspective.”
He emphasized the country’s transition under President Bola Tinubu’s Renewed Hope Agenda from an extractive to an investment-driven energy economy and called on global investors to form partnerships to combat energy poverty in Africa.
The ADIPEC 2025 conference, themed “Energy. Intelligence. Impact.”, is the 41st edition of the annual gathering hosted by Abu Dhabi National Oil Company (ADNOC).
