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NNPC Targets $30 Billion Investment for New Oil Fields

1/2/2026

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Summary

Story summary

NNPC Limited, Nigeria's state-owned energy company, will develop new oil fields from 2026 and seek at least $30 billion in investments by 2030.
It will pursue in-house developments and investor-led projects.
Bidding is expected to begin early next year.
Completion of the $2.8 billion Ajaokuta-Kaduna-Kano gas pipeline would boost gas supply for industry and power in northern Nigeria.

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Story summary

NNPC Limited, Nigeria's state-owned energy company, will develop new oil fields from 2026 and seek at least $30 billion in investments by 2030.
It will pursue in-house developments and investor-led projects.
Bidding is expected to begin early next year.
Completion of the $2.8 billion Ajaokuta-Kaduna-Kano gas pipeline would boost gas supply for industry and power in northern Nigeria.