NNPC Ltd has reiterated its firm commitment to developing and revamping downstream infrastructure across Nigeria to enhance collaboration and drive efficiency throughout the sector. Group Chief Executive Officer Engr. Bayo Ojulari, represented by Executive Vice President Downstream Dr. Mumuni Dagazau, made this declaration at the opening ceremony of the 2025 OTL Africa Downstream Energy Week in Lagos.
Speaking on the theme “Energy Sustainability: Beyond Boundaries & Competition,” Ojulari emphasized that competition alone no longer suffices to drive efficiency, urging operators to embrace collaboration, sustainability, and resilience as new benchmarks for success. He announced that NNPC is committed to deploying additional infrastructure across the oil and gas value chain while revamping existing downstream infrastructure nationwide, with these assets being made accessible to partners seeking to store and transport products, supporting strategic alliances and collaboration.
The GCEO disclosed that a combination of factors ranging from strategic policies and fiscal incentives to transparent and well-structured regulatory frameworks exemplified by the Petroleum Industry Act have engendered expansion and growth in the sector. This growth requires new skill sets and further investments in new business lines such as Liquefied Petroleum Gas, Compressed Natural Gas, and mini-LNG projects.
Ojulari urged participants to discuss challenges and align on opportunities to redefine energy systems in ways that are both profitable and sustainable, forge cross-sector partnerships that transcend traditional competition, and explore innovative business models and technologies that support decarbonization while driving economic value. The OTL Africa Downstream Energy Week serves as the continent’s leading downstream and midstream energy event for international organizations, policy makers, regulators, development organizations, operators, service providers, and consumers in the downstream energy value chain.
Source: championnews.com.ng