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Nigeria is the second largest oil and gas producer in Africa (after Angola). [1] Crude oil from the Niger Delta basin comes in two types: light, and comparatively heavy – the lighter has around 36 of API gravity while the heavier has 20–25 of API gravity. Both types are paraffinic and low in Sulphur. [2]
According to the Nigerian constitution, all minerals, gas, and oil the country possesses are legally the property of the Nigerian Federal Government. The revenue gained by the NNPC accounts for 76% of federal government revenue [16] and 40% of the entire country's GDP. As of 2000, oil and gas exports account for 98% of Nigerian export earnings ...
Pages in category "Oil and gas companies of Nigeria" The following 22 pages are in this category, out of 22 total. This list may not reflect recent changes. A.
The Port Harcourt Refining Company, (abbreviated PHRC), is a Nigeria-based oil and gas company primarily specializing in the refining of crude oil into petroleum products. It is headquartered in Port Harcourt metropolitan area of Rivers State, southeastern Nigeria. The company is a subsidiary of the Nigerian National Petroleum Corporation (NNPC ...
Petroleum and Natural Gas Senior Staff Association of Nigeria popularly known as PENGASSAN is a Nigerian trade union formally established in November 1979. The union's jurisdiction is upper and middle level employees in the petroleum and gas industry as opposed to the Nigeria Union of Petroleum and Natural Gas Workers, whose jurisdiction include junior staff members of the oil and gas industry.
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.
The group has also diversified into oil and gas-related ventures, establishing a 3 million tonnes fertilizer plant, petroleum refinery capable of refining 650,000 barrels of oil and a petrochemical operation. [8] Dangote Refinery was inaugurated in May 2023, and will be the largest single train refinery in the world at full capacity. [17] [18]
South Atlantic Petroleum, also known as SAPETRO, is a Nigerian oil and gas exploration and production company [1] which has a share in the development of the Akpo deepwater field off the coast of Port Harcourt. Its chairman is Theophilus Danjuma. [2]