The Nigerian National Petroleum Company Limited has announced an increase in Nigeria’s crude oil production to 1.7 million barrels per day, with plans to reach 2 million bpd by 2027 and 3 million bpd in the long term.
The Group Chief Executive Officer, Bashir Ojulari, disclosed this on Tuesday during the “Energy Talk” session at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2025), held in the United Arab Emirates, Channels reports.
In a statement signed by Andy Odeh, the Chief Corporate Communications Officer of NNPC Ltd, Ojulari said the company’s output growth was driven by redefined partnerships with international oil companies and indigenous producers, the removal of long-standing obstacles, and a renewed focus on shared value.
He reaffirmed NNPC Ltd’s commitment to collaborating with other OPEC members, African national oil firms and financial institutions to attract between $30 billion and $60 billion in fresh investments by 2030.
Ojulari noted that new government incentives, beyond the Petroleum Industry Act, are already drawing investment into deep-water exploration, dry gas development, and cost reduction efforts.
Highlighting key national energy initiatives, he cited the ongoing upstream revival projects, expansion of gas infrastructure, including the near-completion of the Ajaokuta-Kaduna-Kano and Obiafu-Obrikom-Oben pipelines and the rollout of cleaner energy solutions, such as the Presidential CNG Initiative and autogas corridor expansion.
Ojulari urged global investors to form bold partnerships aimed at eradicating energy poverty across Africa
