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Tag: downstream

  • Strategic Alliances Key to Downstream Sector Growth – NNPC Ltd

    Strategic Alliances Key to Downstream Sector Growth – NNPC Ltd

    The Nigerian National Petroleum Company Limited (NNPC Ltd.) has emphasized that forging strategic partnerships remains vital to unlocking value, achieving sustainability, and advancing commercialization within the nation’s downstream petroleum sector.

    Group CEO, Engr. Bashir Bayo Ojulari, who was represented by the Executive Vice President, Downstream, Mr. Mumuni Dagazau, disclosed this in an address during the 2025 Inaugural Annual Downstream Petroleum Week, organized by the House of Representatives Committee on Petroleum Resources (Downstream), on Tuesday.

    ‎Describing Nigeria’s downstream landscape as one shaped by transition, opportunity, and strategic reform, Ojulari stressed the importance of collaboration as a yardstick to sustainable energy future.

    He noted that Africa’s energy demand is expected to grow significantly in the coming years, with Nigeria at the forefront. This, he said, calls for coordinated efforts and collective responsibility to harness emerging opportunities and ensure inclusive, long-term sectoral growth.

    ‎‎On the domestic front, he reaffirmed NNPC Ltd.’s commitment to ensuring consistent fuel availability, competitive pricing, and uncompromising quality assurance across all its retail network nationwide.

    ‎‎”The opportunity to create sustainable economy for today and the future is hinged on supply partnership, infrastructure co-investments, security partnerships, host community cooperation and operational alliance. Everyone needs to get involved in the activities that will ultimately create a sustainably promising future for Nigeria,” he said.

    ‎‎Ojulari also commended the National Assembly and the House of Representatives Committee on Petroleum Resources (Downstream) for convening the strategic forum, assuring that as a commercial and national energy entity, NNPC Ltd., remains committed to fostering stakeholder engagement and advancing collaborative models for sector-wide growth.

    ‎The event, held at the National Assembly Complex, was themed “Celebrating Our Successes, Confronting Our Challenges, and Finding Solutions for the Petroleum Downstream Sector.” Downstream sector players and legislators attended.

  • NNPC begins natural gas export to Japan, China

    The Nigerian National Petroleum Company Limited has commenced shipment of Liquefied Natural Gas cargoes to Japan and China on a Delivered Ex-Ship basis.

    It said the move was in line with its strategic vision to be a dynamic and reliable global energy supplier of choice.

    The company’s spokesperson, Olufemi Soneye, said in a statement issued on Monday that NNPC achieved the milestone through the collaboration of two of its downstream subsidiaries.

    He named the subsidiaries to include NNPC LNG Ltd and NNPC Shipping Ltd – which delivered its first DES LNG cargo from the 174,000m³ LNG vessel Grazyna Gesicka at Futtsu, Japan, on June 27, 2024.

    “Since then, it has expanded its footprint to China with the delivery of one LNG cargo on DES basis,” Soneye stated.

    Delivered Ex-Ship is an international commercial term that requires the seller to deliver the products/goods at a specific port.

    The seller takes responsibility for the shipping and insurance for the products/goods until they get to the specified port of delivery.

    It requires expertise and a higher level of efficiency to execute than the Free on-board system.

    NNPC Ltd has been involved in LNG trading since 2021 with its first LNG cargo sale in November of that year. It has since traded over 20 cargoes into the European and Asian markets on FOB basis.

    Speaking on the development, the Executive President, Downstream, Mr Dapo Segun, said, “The DES system, apart from being more financially rewarding, allows NNPC Ltd inroads into the downstream segment of the LNG sector.

    “It positions NNPC to capture more market shares while building in-house capacity and ensuring that global customers are familiar with the NNPC Ltd brand.”

    The collaboration between NNPC LNG Ltd and NNPC Shipping Ltd in executing the LNG supplies on DES basis has strengthened the latter’s position as a world-class shipping provider in the LNG sector, the company stated.

    “NNPC Shipping intends to build a shipping portfolio (including owned vessels) so that we can provide our sister company and other clients all the shipping flexibility they need,” the Managing Director of NNPC Shipping, Panos Gliatis, said.

    NNPC LNG Ltd, in collaboration with NNPC Shipping Ltd, is scheduled to deliver at least two more LNG cargoes to the Asian market on DES basis by November. Many more orders are expected before the end of the year, according to the national oil firm.

  • Gbite Falade, NDEP Managing Director to Speak at South Sudan Energy Event

    Gbite Falade, NDEP Managing Director to Speak at South Sudan Energy Event

    Gbite Falade, CEO and Managing Director (MD) of oil and gas investment company, Niger Delta Exploration & Production (NDEP), will participate at South Sudan Oil & Power (SSOP) 2023 as a speaker. His participation demonstrates NDEP’s commitment to technical development and oilfield innovations in East Africa.

    In 2012, NDEP established a strategic partnership with South Sudan’s National Oil Company, the Nile Petroleum Corporation to form the Nile Delta Petroleum Company Joint Venture for the purpose of optimizing crude oil production in the East African country while bringing brownfield, power, and production optimization techniques to South Sudan.

    A fully integrated energy company that operates the 12,000 barrel-per-day Ogbele Marginal field in the eastern Niger Delta Basin, NDEP is Nigeria’s foremost indigenous and independent operator of small- to medium-sized fields and has been active in the development of downstream, midstream, and upstream assets throughout the West African country.

    NDEP’s ongoing relationship with South Sudan has resulted in the optimization of crude oil production and the commercialization of gas through the implementation of gas production, processing, distribution, and sales projects, thus resulting in an increased volume of net crude oil production.

    “Falade’s participation at this year’s edition of SSOP 2023 will serve to solidify South Sudan’s position as the nexus of regional energy cooperation,” states Energy Capital & Power Senior Director, James Chester, adding, “As the only major oil producer in East Africa, South Sudan stands to benefit from Nigeria’s expertise across the exploration and production industries. SSOP 2023 provides the opportunity for the two to strengthen bilateral relations even further.”

    Organized in official partnership with South Sudan’s Ministry of Petroleum SSOP will be held under the theme, ‘The Engine of East African Growth’, and will demonstrate the country’s role as a key player in the development of African energy. The event is taking place in Juba from 14-16 June 2023, the sixth edition of SSOP will deliver new deals, investments and relationships with global industry leaders while fostering development across the entire energy value chain.