By ayomide otitoju
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has joined African Energy Week (AEW): Invest in African Energies 2025 as a partner, reaffirming its commitment to shaping Nigeria’s energy future while deepening regional cooperation and investment across Africa. The event will be held from September 29 to October 3 in Cape Town, serving as the continent’s premier platform for advancing oil, gas, and renewable energy development.
Central to NNPC Ltd.’s regional strategy is the African Atlantic Gas Pipeline (AAGP), a landmark project designed to link Nigeria’s vast gas reserves with West African markets, Mauritania, Morocco, and ultimately Europe. Developed in partnership with Morocco and Mauritania, and involving 13 ECOWAS member states, the pipeline underscores Nigeria’s ambition to expand gas exports, boost intra-African energy trade, and position the continent as a key natural gas supplier to global markets.
Beyond cross-border initiatives, NNPC Ltd. is driving upstream growth with milestone agreements, including the recently executed production sharing contract (PSC) for petroleum prospecting licenses 2000 and 2001 with the TotalEnergies-Sapetro Consortium. Marking the first PSC to fully integrate crude and natural gas, the deal aligns with the Petroleum Industry Act (PIA) and supports Nigeria’s objective of enhancing energy security, attracting investment, and creating long-term value.
On the domestic front, NNPC Ltd. is bolstering energy security through strategic crude supply agreements with the Dangote Oil Refinery. Since December 2023, the company has allocated over 112 million barrels of crude to the refinery and recently signed a new two-year supply agreement under the crude-for-Naira initiative. The arrangement aims to ensure consistent feedstock for Nigeria’s largest refinery, ease foreign exchange pressures, and strengthen the country’s refining capacity.
Looking ahead, NNPC Ltd. is targeting $60 billion in investments by 2030, with a focus on upstream expansion, gas infrastructure, and refinery partnerships. Progress on projects such as the Nigeria-Morocco Gas Pipeline, new deepwater exploration ventures, and refinery upgrades highlight the company’s central role in advancing Africa’s energy future while meeting rising domestic and export demand.
“NNPC Ltd’s recent reforms and strategic partnerships reflect a decisive shift toward transparency, investment attraction, and long-term energy security,” said NJ Ayuk, Executive Chairman of the African Energy Chamber. “By expanding upstream capacity, strengthening gas infrastructure, and reinforcing domestic refining, the company is positioning Nigeria as a cornerstone of Africa’s energy future.”
