Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman adjust production and reaffirm commitment to market stability
Press release ➡️https://t.co/oYT06sgPxG
PHOTO NEWS:
The Group Chief Executive Officer of NNPC Limited, Engr. Bashir Bayo Ojulari, today led a delegation of the company's management to the Dangote Refinery and Petrochemical Complex in Ibeju-Lekki, Lagos State, for high-level discussions that culminated in a renewed commitment to strategic collaboration between the two companies.
The visit, which included a facility tour, focused on strengthening operational and commercial relationship between NNPC Limited and the Dangote Refinery, with both parties reaffirming their shared vision for Nigeria's energy future.
NNPC Ltd currently holds a 7.25 percent stake in the Dangote Refinery. The shareholding is considered to be a strategic investment that aligns with NNPC Ltd.'s downstream growth objectives and commitment to domestic refining capacity.
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#EnergyForTomorrow
Nigeria is investment-ready, and #NIES2026 made that message unmistakably clear. Swipe through for key takeaways from the summit and discover how we’re accelerating innovation, strengthening partnerships, and transforming Nigeria’s energy landscape for a more sustainable future.
Our participation and impact at NIES 2026 still have us charged up.
On Nigerian refineries, our mantra and strategy remain the same: implement sustainable, self-financing solutions that enable them to operate as competitive global businesses.
I met with the GCEO and the Authority Chief Executive (ACE) of the NMDPRA to discuss Nigeria’s strategic participation in the Africa Energy Bank (AEB) as the Bank is set to commence operations. The meeting highlighted the need for continued coordination among key national institutions to ensure that Nigeria remains well-positioned to leverage the AEB in advancing energy security, investment, and long-term economic value.
Sen. Heineken Lokpobiri Ph.D.
#RenewedHope #senlokpobiri #SHL #EnergyForToday #EnergyForTomorrow #CrudeForAll #IncreasingOilProduction #NigeriaPetroleum #OilForProsperity
Now, we move decisively from vision to execution. Our roadmap is clear, and our teams are ready. We will deliver. We will transform our mandate at NNPC Limited into another tangible, undeniable reality.
Let's go!
On behalf of His Excellency, President Bola Ahmed Tinubu GCFR, we are pleased to invite you to the 9th edition of the Nigeria International Energy Summit NIES 2026 .
Date: February 2 to 5, 2026 Abuja, Nigeria
Details: https://t.co/sQOpRxBUwO
Contact: [email protected]
President Bola Ahmed Tinubu, GCFR, receives Dr. Philip Mshelbila, Managing Director of Nigeria LNG Ltd. and newly elected Secretary-General of the GECF, alongside Rt. Hon. Ekperikpe Ekpo, Ph.D, Minister of State, Petroleum Resources (Gas) and President of the 2026 GECF Ministerial Meeting, at the State House, Abuja, after their election victories at the GECF Ministerial meeting in Doha, Qatar.
Today I received the @jshindi -led @brevityanderson, producers of the Nigeria International Energy Summit (#NIES).
We reviewed plans for #NIES2026. I urged the team to deliver a seamless, world-class event that raises the bar and makes this the best edition yet.
As our strategic partners, @brevityanderson has continued to support our team efforts, driving inward investment & highlighting achievements under the Renewed Hope agenda.
Sen. Heineken Lokpobiri Ph.D.
#RenewedHope #senlokpobiri #SHL #EnergyForToday #EnergyForTomorrow #CrudeForAll #IncreasingOilProduction #NigeriaPetroleum #OilForProsperity
15 Talking Points: Dangote Refinery Expansion Press Conference
1. Historic Expansion:
Dangote Petroleum Refinery is expanding its capacity from 650,000 barrels per day to 1.4 million barrels per day, making it the largest refinery in the world, surpassing India’s Jamnagar Refinery.
2. Government Support:
Aliko Dangote expressed deep appreciation to President Bola Ahmed Tinubu and the Federal Government for policies such as Nigeria’s First, Naira-for-Crude, and One-Stop Shop which have strengthened industrialisation.
3. Policy Impact:
These policies are driving a revolution in Nigeria’s downstream sector, promoting domestic refining and export of finished petroleum products.
4. Crisis Resolution:
The Federal Government played a key role in mediating recent refinery disruptions caused by union activities and sabotage attempts.
5. Vision Alignment:
The expansion aligns with President Tinubu’s vision for Nigeria to emerge as a major global supplier of petroleum products.
6. Economic Benefits:
The project will save billions in foreign exchange, reduce import dependence, and bolster Nigeria’s energy security.
7. Job Creation:
The expansion phase will create 65,000 jobs during construction and open vast opportunities for local industries.
8. Africa’s Capability:
The move underscores Africa’s ability to build and manage world-class infrastructure and reinforces regional self-sufficiency.
9. Petrochemical Growth:
Polypropylene production will increase from 900,000 metric tonnes to 2.4 million metric tonnes per annum, further enriching the production of linear alkylbenzene a key ingredient for the production of detergent, and additional production of base oils
10. Environmental Standards:
The refinery will upgrade to Euro VI fuel standards, achieving top-tier global environmental benchmarks.
11. Energy Self-Sufficiency:
Expansion includes power generation capacity growth, ensuring complete operational self-reliance.
12. Local Content Commitment:
Over 85% of the workforce will be Nigerian, with major investment in skills and technology transfer.
13. Future Ownership Plan:
Within one year, 10% of Dangote Refinery & Petrochemical shares will be listed on the Nigerian Stock Exchange, promoting broad ownership and transparency.
14. Product Availability Assurance:
Dangote assured Nigerians of steady fuel supply during the ember months, despite global oil price spikes — ensuring a festive season free from fuel queues and price hikes.
15. Continental Vision:
Dangote called on holders of the other 30 refinery licenses to join the mission of making Nigeria the refining hub of Africa, stating:
“When Africa builds its own capacity, it builds its own destiny.”