The Nigeria National Petroleum Company Limited (NNPCL) has restated its commitment to the development and revamping of the downstream across the country to enhance collaboration and drive efficiency in the sector.
A release signed by the Chief Corporate Communications Officer (CCCO), Andy Odeh, said Group Chief Executive Officer (GCEO), Engineer Bayo Ojulari, stated this at the opening ceremony of the 2025 OTL Africa Downstream Energy Week in Lagos on Monday.
Speaking on the conference’s theme ‘Energy Sustainability: Beyond Boundaries & Competition’, Ojulari said competition alone was no longer enough to drive efficiency, adding that operators must embrace collaboration, sustainability and resilience as the new benchmarks for success.
He said, “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.”
He revealed that a lot of factors, ranging from strategic policies and fiscal incentives to transparent and well-structured regulatory frameworks exemplified by the Petroleum Industry Act (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.
Ojulari called on 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 organisations, policy makers, regulators, development organisations, operators, service providers and consumers in the downstream energy value-chain.
ALSO READ TOP STORIES FROM NIGERIAN TRIBUNE
The Federal Government has expressed confidence that the abandoned National Library of Nigeria project in…
The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has told opposition parties that…
The Nigeria Democratic Congress (NDC) National Presidential Campaign Council has described President Bola Tinubu’s fresh…
The Kano State Consumer Protection Council (KCPC) has confiscated 5,964 bottles of expired soft drinks…
According to him, eligible beneficiaries of the scheme also receive a monthly upkeep allowance of…
The presidential candidate of the Allied Peoples Movement (APM), Oyo State Governor Seyi Makinde, has…
This website uses cookies.