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The Nigerian National Petroleum Company (NNPC) Limited is a state-owned oil company in Nigeria. Still a fully-owned government company, it was transformed from a corporation into a limited liability company in July 2022. [1] NNPC Limited is the only entity licensed to operate in the country's petroleum industry.
The Shell joint venture produces about 50% of Nigeria's total crude. Shell Nigeria owns concessions on four companies, they are: Shell Petroleum Development Company (SPDC), Shell Nigeria Exploration and Production Company (SNEPCO), Shell Nigeria Gas (SNG), Shell Nigeria Oil Products (SNOP), as well as holding a major stake in Nigeria Liquified ...
MRS Oil has three business units: sale of petroleum at retail outlets or to industries, sale of aviation fuel and blending of lubricants. [ 2 ] Previously known as Texaco Nigeria Plc, a firm whose activities in Nigeria dates back to 1969 when it was established to take over the Nigerian trading interest of Texaco Africa Limited. [ 3 ]
The Dangote Refinery is an oil refinery owned by Dangote Group that was inaugurated on 22 May 2023 [1] in Lekki, Nigeria.When fully operational, it is expected to have the capacity to process about 650,000 barrels of crude oil per day, making it the largest single-train refinery in the world.
Oando Plc is a Nigerian multinational energy company operating in the upstream, midstream and downstream. [1]In July 2016, Oando entered into a tri-partite agreement with the Vitol Group, an independent trader of energy commodities and Helios Investment Partner, an Africa-focused private investment firm to form OVH (formerly known as Oando Downstream).
Aradel commissioned Nigeria's first mini refinery at the Ogbele Field in 2010 and the Ogbele Gas Processing Plant in 2012. [4] [5] [6] In October 2024, Aradel Holdings listed its shares on the Nigerian Stock Exchange. [7] Aradel is Nigeria's largest oil and gas company on the Nigerian Stock Exchange by market capitalization. [8] [9]
In July 2010, SEPLAT acquired a 45 percent interest in, and was appointed operator of, three onshore producing oil and gas blocks in the Niger Delta (OMLs 4, 38 and 41). SEPLAT subsequently grew oil production to a peak rate of 85,200 barrels (13,550 m 3) of oil per day and had almost doubled its remaining reserves at the end of 2015. In June ...
In November 2023, Aiteo achieved a significant landmark in the Nigerian oil and gas industry by introducing Nembe, a new crude oil grade, in partnership with the Nigerian National Petroleum Corporation (NNPC). [5] Nembe crude is characterized by its low sulphur content and reduced carbon footprint, attributed to the elimination of flare gas.