REFORMS: Oil output has grown by 600,000bpd since PIA — NNPC
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Vanguard News
Reported by Urowayino Jeremiah
Wed, 4 Nov 2026, 05:48
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Source Attribution: Vanguard News
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By Obas Esiedesa, Abuja Nigeria’s crude oil production has increased by 600,000 barrels per day (bpd), from about 1.2 million bpd to 1.8 million bpd, following the implementation of the Petroleum Industry Act (PIA) and reforms in the oil and gas sector, the Nigerian National Petroleum Company Limited (NNPC) has said. Group Chief Executive Officer of NNPC Limited, Mr Bashir Bayo Ojulari, disclosed this yesterday at the 2026 Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) in Abu Dhabi, United Arab Emirates.
Context & Background
✦On domestic energy supply, the NNPC boss said the removal of petrol subsidy had been accompanied by a major compressed natural gas (CNG) programme, with more than 400 conversion centres established across the country.
Key Figures & Named Entities
yesterday:Group Chief Executive Officer of NNPC Limited, Mr Bashir Bayo Ojulari, disclosed this yesterday at the 2026 Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) in Abu Dhabi, United Arab Emirates.2021:Speaking at an Energy Talk titled, “Nigeria’s Reform Agenda: Competing for Energy Capital,” Ojulari attributed the production increase to the implementation of the PIA 2021, improved investment climate, better investment decisions and stronger collaboration between NNPC and its partners.2027:He said the company was working towards achieving Nigeria’s two million bpd production ambition by 2027 through improved maintenance of existing infrastructure, protection of base production, increased output from producing assets and execution of new projects.
Outlook & Next Steps
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Key Takeaways
Verified Extract
✦By Obas Esiedesa, Abuja Nigeria’s crude oil production has increased by 600,000 barrels per day (bpd), from about 1.2 million bpd to 1.8 million bpd, following the implementation of the Petroleum Industry Act (PIA) and reforms in the oil and gas sector, the Nigerian National Petroleum Company Limited (NNPC) has said.
✦Group Chief Executive Officer of NNPC Limited, Mr Bashir Bayo Ojulari, disclosed this yesterday at the 2026 Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) in Abu Dhabi, United Arab Emirates.
✦On domestic energy supply, the NNPC boss said the removal of petrol subsidy had been accompanied by a major compressed natural gas (CNG) programme, with more than 400 conversion centres established across the country.
Key Facts:yesterday: Group Chief Executive Officer of NNPC Limited, Mr Bashir Bayo Ojulari, disclosed this yesterday at the 2026 Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) in Abu Dhabi, United Arab Emirates.2021: Speaking at an Energy Talk titled, “Nigeria’s Reform Agenda: Competing for Energy Capital,” Ojulari attributed the production increase to the implementation of the PIA 2021, improved investment climate, better investment decisions and stronger collaboration between NNPC and its partners.2027: He said the company was working towards achieving Nigeria’s two million bpd production ambition by 2027 through improved maintenance of existing infrastructure, protection of base production, increased output from producing assets and execution of new projects.2026: Ojulari disclosed that the Obiafu-Obrikom-Oben (OB3) gas pipeline was completed in August 2026, while the Ajaokuta-Kaduna-Kano (AKK) pipeline was expected to deliver gas to Abuja before the end of the year to support power generation, data centres and industrial hubs.
Editorial Excerpt
By Obas Esiedesa, Abuja Nigeria’s crude oil production has increased by 600,000 barrels per day (bpd), from about 1.2 million bpd to 1.8 million bpd, following the implementation of the Petroleum Industry Act (PIA) and reforms in the oil and gas sector, the Nigerian National Petroleum Company...
Frequently Asked Questions About This Story
What is the latest development regarding Federal Capital Territory?
By Obas Esiedesa, Abuja Nigeria’s crude oil production has increased by 600,000 barrels per day (bpd), from about 1.2 million bpd to 1.8 million bpd, following the implementation of the Petroleum Industry Act (PIA) and reforms in the oil and gas sector, the Nigerian National Petroleum Company Limited (NNPC) has said.
Who are the key organizations or public figures mentioned?
Group Chief Executive Officer of NNPC Limited, Mr Bashir Bayo Ojulari, disclosed this yesterday at the 2026 Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) in Abu Dhabi, United Arab Emirates.
What timeline or key figures were confirmed?
Group Chief Executive Officer of NNPC Limited, Mr Bashir Bayo Ojulari, disclosed this yesterday at the 2026 Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) in Abu Dhabi, United Arab Emirates.
