Bayo Ojulari, group chief executive officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited, says the company will revamp and develop existing downstream infrastructure across the country.
Speaking at the opening ceremony of the 2025 OTL Africa Downstream Energy Week in Lagos on Monday, Ojulari said the NNPC would carry out the revamp to enhance collaboration and drive efficiency in the sector.
The OTL Africa Downstream Energy Week is Africa’s premier event for downstream and midstream energy stakeholders, including policymakers, operators, and industry service providers.
The GCEO, who spoke on the theme “Energy Sustainability: Beyond Boundaries & Competition,” said competition alone is no longer enough to drive efficiency, and operators must now focus on collaboration, sustainability, and resilience.
Advertisement
“At NNPC, we are committed to deploying additional infrastructure across the oil and gas value chain while revamping our existing downstream infrastructure nationwide,” he said.
“These assets will be accessible to partners seeking to store and transport products, supporting strategic alliances and collaboration in the downstream sector.”
The GCEO added that a combination of strategic policies, fiscal incentives, and transparent regulatory frameworks, such as the Petroleum Industry Act (PIA), has driven growth in the sector.
Advertisement
He explained that the growth has created a need for new skill sets and further investments in areas like liquefied petroleum gas (LPG), compressed natural gas (CNG), and mini-liquefied natural gas (LNG) projects.
Ojulari urged participants to collaborate on redefining sustainable energy systems, forging partnerships, and exploring innovations that drive decarbonisation and economic growth.
On October 23, the senate announced plans to conduct a “comprehensive” investigative hearing on the persistent challenges affecting Nigeria’s downstream petroleum sector.
Kawu Sumaila, chairman of the senate committee on petroleum (downstream), said the planned probe is aimed at identifying bottlenecks and proffering lasting solutions to the issues confronting the industry.
Advertisement
