Skip to main content

Nigeria’s state oil company said the rise in output comes from stronger upstream operations and ongoing reforms designed to stabilize production and attract investor confidence.

NNPC Group CEO Bayo Ojulari shared the figures in the company’s One-Year Mandate Report Summary on X, explaining that infrastructure upgrades and operational changes across the value chain supported the increase.

The report showed that NNPC Exploration and Production Limited reached a peak output of 565,000 barrels per day in December 2025, while natural gas production held steady at 7.5 billion standard cubic feet per day.

Ojulari said the company strengthened supply reliability by delivering key infrastructure, including the Ajaokuta-Kaduna-Kano pipeline river crossing and several gas processing facilities.

He added that the company improved performance across production, gas development, and infrastructure delivery.

NNPC also expanded gas supply agreements with major industrial players such as Dangote Cement and Dangote Refinery to increase domestic gas use and support industrial demand.

The company said it consolidated its 7.25 percent stake in the Dangote Refinery and introduced an incorporated joint venture model to improve efficiency and financial independence in refinery operations.

NNPC also highlighted reforms in governance and transparency, including monthly performance reports, its first earnings call in November 2025, and continued remittances to the federation account since July 2025.

The company said these steps show its efforts to improve accountability, grow production capacity, and attract long-term investment into Nigeria’s oil and gas sector.

 

source:africa.businessinsider.com

Leave a Reply