NNPC Limited

PRESS RELEASE NNPC Champions Effective Utilization of Host Community Funds to Drive Sustainable Development in Niger Delta NNPC Limited has reaffirmed its commitment to ensuring that funds allocated under the Petroleum Industry Act (PIA) are effectively utilized to deliver meaningful development in host communities. This pledge was made during a stakeholder engagement session held with the KEFFESO Host Communities Development Trust (HCDT), a cluster of host communities comprising Koluama 1 and 2, Ezetu 1 and 2, Foropa, Fish Town, Ekeni, Sangana, Opu Okumbiri, Okumbiribeleu, and Oginibiri in Bayelsa State, under the NNPC Limited/FIRST Exploration & Petroleum Development Company (FIRST E&P) JV, at the weekend. Speaking at the engagement session which held in Yenagoa, Bayelsa State, the Chief Upstream Investment Officer of NNPC Limited, Engr. Seyi Omotowa, said NNPC Ltd was committed to ensuring that funds approved for the development of host communities under the PIA are channelled towards projects that address critical needs such as education, healthcare, and infrastructure. Engr. Omotowa who was represented by the Deputy Manager, External Relations, NUIMS, Mrs. Edith Lawson, stressed that collaboration between stakeholders was essential to achieving lasting socio-economic development. In his remarks, the Minister of State, Petroleum Resources (Oil), Senator Heineken Lokpobiri, commended the NNPC LTD/FIRST E&P JV for sustaining its strategic partnership with KEFFESO HCDT and urged community leaders to work together to ensure peace and stability in their communities. He emphasized that without peace, companies would struggle to operate effectively, ultimately impacting the 3% Host Community Fund approved in the PIA for development initiatives. Also speaking at the event, the Executive Commissioner, Safety, Environment, and Community, Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Captain John Tonlagha, who represented the Chief Executive Officer of the NUPRC, Engr. Gbenga Komolafe, commended the institutionalization of the community development trust initiative, describing it as a defining moment in Nigeria’s petroleum sector with the introduction of the much-needed governance, transparency, and accountability in community development efforts. The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Mr. Felix Omatsola Ogbe, who was represented by the Board’s Director of Legal Services, Barr. Naboth Onyesoh, commended the KEFFESO HCDT for its commitment to driving sustainable development through the PIA framework and the NUPRC for successfully incorporating over 100 Host Community Development Trusts (HCDTs) to support socio-economic growth in the region. Continued in comments section...

PHOTO NEWS NNPC Ltd.'s second day at the ongoing CERAWeek in Houston, Texas, was defined by active engagement in discussions aligned with this year's theme, "Multidimensional Energy Transition: Markets, Climate, Technology, and Geopolitics." The day featured strategic collaboration and partnership with leaders from Chevron, as well as a key meeting with a delegation from the U.S. Department of State Bureau of Energy Resources, led by the U.S. Secretary of Energy, Chris Wright. The Nigerian delegation, led by the Minister of State for Gas, Hon. Ekperikpe Ekpo, alongside NNPC Limited’s Executive Vice President (EVP) Gas, Olalekan Ogunleye, EVP Upstream, Udy Ntia, and other senior management team members, participated in high-level discussions aimed at strengthening cooperation and advancing the energy sector. During the discussions, the U.S. Secretary of Energy reaffirmed a commitment to ongoing collaboration with Nigeria and NNPC Ltd., underscoring the importance of strategic partnerships in ensuring energy security and sustainable development. NNPC Ltd. remains dedicated to fostering strategic business alliances and exploring opportunities to enhance production, reinforcing its commitment to sustainable energy growth and industry collaboration. #CERAWeek #CERAWeek2025 #EnergyForToday #EnergyForTomorrow

[WATCH NOW] Day Two: NNPC At #CERAWeek 2025 NNPC Ltd.'s second day at the ongoing CERAWeek in Houston, Texas, was defined by active engagement in discussions aligned with this year's theme, "Multidimensional Energy Transition: Markets, Climate, Technology, and Geopolitics." The day featured strategic collaboration and partnership with leaders from Chevron, as well as a key meeting with a delegation from the U.S. Department of State Bureau of Energy Resources, led by the U.S. Secretary of Energy, Chris Wright. The Nigerian delegation, led by the Minister of State for Gas, Hon. Ekperikpe Ekpo, alongside NNPC Limited’s Executive Vice President (EVP) Gas, Olalekan Ogunleye, EVP Upstream, Udy Ntia, and other senior management team members, participated in high-level discussions aimed at strengthening cooperation and advancing the energy sector. During the discussions, the U.S. Secretary of Energy reaffirmed a commitment to ongoing collaboration with Nigeria and NNPC Ltd., underscoring the importance of strategic partnerships in ensuring energy security and sustainable development. NNPC Ltd. remains dedicated to fostering strategic business alliances and exploring opportunities to enhance production, reinforcing its commitment to sustainable energy growth and industry collaboration. #CERAWeek  #CERAWeek2025  #EnergyForToday  #EnergyForTomorrow 

PRESS RELEASE CERAWeek: NNPC Ltd Woos Global Investors ...Says Robust Regulatory Reforms Have Transformed Nigeria into Investors’ Haven   The Nigerian National Petroleum Company Limited (NNPC Ltd) has called on global investors to direct their attention to the Nigerian oil and gas sector as the nation is now an investors’ haven owing to the robust regulatory reforms and the investment-friendly policies of the President Bola Ahmed Tinubu administration.   The Executive Vice President, Upstream, Mr. Udy Ntia, made the call on Tuesday during a session with investors at the 2025 CERAWeek by S&P Global in Houston, Texas, United States.  Speaking on the theme: "Spotlight: Attracting Investment for Oil and Gas", Ntia emphasized that Nigeria was well-positioned as a safe and attractive destination for investment as the nation is currently expanding its oil and gas industry to meet rising global energy demand driven by geopolitical tensions and the energy policies of the US administration.   "For us in Nigeria, despite global energy security concerns, including those in Europe, we see significant opportunities. We have strategically positioned our assets to leverage the current strong price environment, which has remained favourable over the past two to three years. As a result, we anticipate substantial investment inflows into the sector," he stated.   The EVP listed some of the areas with huge investment opportunities in the country to include the refining and gas sub-sectors, stressing that Nigeria was keen on expanding it refining capacity to reduce dependency on imports, even as it is also interested in tapping into the nation’s vast gas reserves of about 207trillion cubic feet (TCF) to drive industrialisation and economic growth.   "Gas will play a critical role in Nigeria’s energy future. We are expanding our gas infrastructure in collaboration with partners such as Shell, ENI, and Total. Our LNG Train 7 project is advancing, and we are investing in domestic pipeline networks to meet local energy demands," he explained.   Ntia also disclosed that the Petroleum Industry Act 2021 and the series of Executive Orders signed by President Tinubu in 2023 have significantly liberalized the regulatory framework, offering incentives for cost recovery, royalty payments, and profit-sharing mechanisms, adding that Nigeria recorded $16 billion to $17 billion in foreign investment inflows in 2024 following the implementation of these regulatory reforms. Continued in comments section...

3 Days To Go to the #NNPCSheFix, a first-of-its-kind female-led vehicle diagnostics event. Come and experience the Power of Women in Autocare! It will feature free car diagnostics, panel discussions, vendor exhibitions, and more. Date: Saturday, 15th March 2025 Venue: The Stable, 41-43 Bode Thomas St, Surulere, Lagos Tag a friend and spread the word. Visit http://bit.ly/nnpcshefix to register immediately. #WomensMonth  #NNPCRetail  #EnergyForToday  #EnergyForTomorrow

Come and experience the Power of Women in Autocare! We invite you to celebrate women with us at the #NNPCSheFix, a first-of-its-kind female-led vehicle diagnostics event. It will feature free car diagnostics, panel discussions, vendor exhibitions, and more. Date: Saturday, 15th March 2025 Venue: The Stable, 41-43 Bode Thomas St, Surulere, Lagos Tag a friend and spread the word. Visit http://bit.ly/nnpcshefix to register immediately. #WomensMonth  #NNPCRetail  #EnergyForToday  #EnergyForTomorrow 

Episode 103 of "Energy and YOU!", NNPC Limited's flagship weekly TV programme, is live!   Watch it when you visit https://lnkd.in/ep9vU4-e and please share your thoughts in the comments section.   Join the conversation and be a part of our ever-growing community.   #EnergyAndYou #EnergyForToday #EnergyForTomorrow

[WATCH NOW] Day One: NNPC At #CERAWeek 2025 NNPC Ltd's first day at the ongoing CERAWeek in Houston, Texas, was marked by active engagement in discussions aligned with this year's theme, "Multidimensional Energy Transition: Markets, Climate, Technology, and Geopolitics." The company is focused on fostering strategic business partnerships and exploring opportunities to enhance production, reinforcing its commitment to sustainable energy development and industry collaboration. #CERAWeek  #CERAWeek2025  #EnergyforToday  #EnergyforTomorrow 

PHOTO NEWS At CERAWeek 2025, NNPC, Vitol Explore Partnership Opportunities On the sidelines of the ongoing CERAWeek 2025 in Houston, US, the NNPC Ltd management on Monday met with the leadership of Vitol, a global energy and commodities company. NNPC Ltd’s EVP Upstream, Udy Ntia and EVP Gas, Power, and New Energy, Mr. Olalekan Ogunleye, received Vitol’s Group CEO Mr. Russell Hardy, in the NNPC Ltd Stand (Room H325) at the Conference. Discussions focused on exploring potential opportunities and strengthening collaboration between both companies beyond commodity trading, with an emphasis on enhancing cooperation on joint projects. #CERAWeek #CERAWeek2025 #EnergyforToday #EnergyforTomorrow

PRESS RELEASE Re: Clarification on the Naira Crude Contract Between NNPC Limited and Dangote Refinery NNPC Limited has noted recent reports circulating on social media regarding the alleged unilateral termination of the crude oil sales agreement in Naira between NNPC Ltd. and Dangote Refinery. To clarify, the contract for the sale of crude oil in Naira was structured as a six-month agreement, subject to availability, and expires at the end of March 2025. Discussions are currently ongoing towards emplacing a new contract. Under this arrangement, NNPC Ltd. has made over 48 million barrels of crude oil available to Dangote Refinery since October 2024. In aggregate, NNPC Ltd. has made over 84 million barrels of crude oil available to the Refinery since its commencement of operations in 2023. NNPC Limited remains committed to supplying crude oil for local refining based on mutually agreed terms and conditions. Olufemi Soneye Chief Corporate Communications Officer NNPC Ltd. Abuja 10th March, 2025