President Bola Tinubu swore in the new Nigerian National Petroleum Company Limited leaders into office on Thursday. The ceremony happened at the Presidential Villa before he attended a political party meeting. The president gave the team ambitious goals for oil and gas production over the next few years. He wants them to boost daily output significantly across all energy sectors. The new leadership must work hard to meet these challenging targets.
Tinubu set clear numbers for oil production that the company must reach. Daily oil output should hit two million barrels by 2027. The target jumps to three million barrels each day by 2030. Gas production needs similar increases over the same period. The president expects eight billion cubic feet daily during 2027 and ten billion cubic feet during 2030.
Refining operations also received specific production goals from the president. The company should process 200,000 barrels daily in 2027. This amount must grow to 500,000 barrels each day by 2030. Bayo Ojulari leads the company as the new chief executive officer. Ahmadu Musa Kida serves as the non-executive chairman of the state energy firm.
Tinubu set clear numbers for oil production that the company must reach. Daily oil output should hit two million barrels by 2027. The target jumps to three million barrels each day by 2030. Gas production needs similar increases over the same period. The president expects eight billion cubic feet daily during 2027 and ten billion cubic feet during 2030.
Refining operations also received specific production goals from the president. The company should process 200,000 barrels daily in 2027. This amount must grow to 500,000 barrels each day by 2030. Bayo Ojulari leads the company as the new chief executive officer. Ahmadu Musa Kida serves as the non-executive chairman of the state energy firm.
