The Nigerian National Petroleum Company Limited has implored operators in the country’s oil and gas industry to embrace collaboration, sustainability, and resilience as the new benchmarks for success.
Group Chief Executive Officer, Engr. Bayo Ojulari, who stated this at the opening ceremony of the 2025 OTL Africa Downstream Energy Week in Lagos on Monday, said the development was necessary because competition alone was no longer enough to drive efficiency.
Speaking on the conference’s theme “Energy Sustainability: Beyond Boundaries and Competition”, Ojulari reiterated his company’s commitment to the development and revamping of downstream across the country to enhance collaboration and drive efficiency in the sector.
He was represented at the event by the Executive Vice President, Downstream, Dr. Mumuni Dagazau.
“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.
A statement signed by Andy Odeh, Chief Corporate Communications Officer, NNPC Limited,quoted Ojulari to have disclosed that several factors ranging from strategic policies and fiscal incentives to transparent and well-structured regulatory frameworks exemplified by the PIA have engendered expansion and growth in the sector requiring new skill sets and further investments in new lines of business such as Liquefied Petroleum Gas (LPG), Compressed Natural Gas (CNG), and mini-LNG projects.
He advisedi 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 for international organizations, policy makers, regulators, development organisations, operators, service providers, and consumers in the downstream energy value-chain.