Nigerian National Petroleum Corporation

Nigerian National Petroleum Corporation
Company typeState-owned enterprise
IndustryOil and gas
Founded1977; 48 years ago (1977)
HeadquartersAbuja, FCT, Nigeria
Key people
Mele Kyari (GMD)
ProductsCrude Oil, Gas, petroleum products, petrochemical
Websitennpcgroup.com

Nigerian National Petroleum Corporation is the oil producing corporation which the federal government of Nigeria regulates and participates in the country's petroleum industry. The NNPC business operations are managed and own through Strategic Business and Corporate Services Units in diverse locations across Nigeria.[1]

History

NNPC was founded on 1st April 1977 as a merger of the Nigerian National Oil Corporation and the Federal Ministry of Petroleum and Energy Resources. Nigerian government conducts petroleum exploration and production.[2]

In December 2021, the Federal Government of Nigeria and the Nigeria National Petroleum Corporation (NNPC) Ltd signed a N621 billion Memorandum of Understanding to finance the construction of critical road infrastructure in Nigeria.[3]

References

  1. ↑ "Nigerian National Petroleum Corp - Company Profile and News". Bloomberg.com. Retrieved 2021-04-25.
  2. ↑ Falae, Vivian (2019-07-15). "Brief overview of the NNPC's history - Top facts to know". Legit.ng - Nigeria news. Retrieved 2021-04-25.
  3. ↑ "Nigeria : accord entre le gouvernement et la compagnie pétrolière nationale pour le financement des routes". Financial Afrik (in French). 2021-12-22. Retrieved 2021-12-22.