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NNPC Limited is the only entity licensed to operate in the country's petroleum industry. It partners with foreign oil companies to explore Nigeria's fossil fuel resources. The NNPC, with an asset of $153B (USD), is the largest national oil company in Africa. The company boasts of extensive infrastructure and investment in the downstream ...
In 1971, the Nigerian National Oil Corporation (NNOC) was created to handle direct commercial operational activities in the oil industry on behalf of the Federal Government. [4] However, the Department of Petroleum Resources in the Federal Ministry of Mines and Power continued to exercise statutory supervision and control of the industry. In ...
Statistics as at February 2021 shows that the Nigerian oil sector contributes to about 9% of the GDP of the nation. [4] The need for holistic reforms in the petroleum industry, ease of doing business, and encouragement of local content in the industry birthed the Petroleum Industry Bill by the Goodluck Jonathan administration on 18 July 2008 ...
The petroleum industry in Kenya is relatively new in terms of mining and exploration. British firm Tullow Oil began operations in Kenya in 2010 after signing agreements with Africa Oil and Centric Energy, purchasing a 50% interest in five onshore licences. In 2012, the Ngamia-1 exploration well was a success and has since been followed by ...
The history of oil marketing in Kenya began in 1904 during colonial times. Initially, kerosene was the main import in tins but later gasoline was imported in tins and drums. [ 2 ] Royal Dutch Shell established the first depot at Shimanzi, in Mombasa , in the early 1900s.
The Nigerian Gas Association is the professional body responsible for the promotion and protection of the interests of the gas industry in Nigeria. Formed in 1999, the NGA's initial membership came from the primary gas production and utilization companies in Nigeria.
The National Oil Corporation of Kenya (NOCK), is a state corporation of Kenya founded by Act of Parliament in 1981, with a mandate of participating in all aspects of the Kenyan petroleum industry. [2] The company was incorporated in 1981 [2] and began operations in 1984. [3]
Oil and gas in Nigeria. The first oil well in Nigeria was drilled in 1958 in Oloibiri [12] which is present day Bayelsa State. This acted as a milestone for the production of oil and gas in Nigeria and the emergence of the country as a top oil & gas producer globally. In 2022, Nigeria was still Africa's biggest oil producer and one of the ...