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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 history of oil exploration in Nigeria goes back to 1903, when the Nigerian Bitumen Corporation conducted exploratory work in the country. At the onset of World War I, the firm's operations were stopped. Due to lack of technological and financial resources of small oil companies, large and strong other oil companies took over the exploration ...
By the beginning of 1971 the FGN created Nigerian National Oil Corporation (NNOC), to manage commercial operational activities in the petroleum industry. The department became the MPR in 1975. In 1977, the Nigerian National Petroleum Corporation (NNPC) was formed by the decree 33 of 1977 through the merger of MPR and NNOC.
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 ...
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 ...
Nigerian Electricity Regulatory Commission (NERC) Nigerian Content Monitoring and Development Board (NCMDB) Nigerian National Petroleum Corporation (NNPC) Nigerian Nuclear Regulatory Authority (NNRA) Petroleum Product Pricing Regulatory Agency (PPPRA) Power Holding Company of Nigeria (PHCN) - defunct [1] Rural Electrification Agency (REA)
ExxonMobil has offshore oil production in Nigeria, and is the country's second largest crude oil producer. [1] Mobil Producing Nigeria (MPN) began shallow water operations in 1955, and owns over 90 platforms and 300 producing wells covering 3,200 square kilometres (1,200 sq mi; 790,000 acres). [2] ExxonMobil also has deepwater production in ...
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.