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In 2022, the country's oil industry's regulator mentioned that oil theft accounted for 108,000 barrels a day, which is about 7% of total oil production. Watchdogs reckoned that 5% to 20% of oil in Nigeria is reportedly stolen. The Trans Niger pipeline suffered so much theft that its oil flow was forced to be halted.
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 ...
It monitors the oil and gas industry to ensure compliance with relevant regulations and laws. [1] It also oversees the safety and other regulations that relate to the exportation and importation of the products into the country. [2] As part of its activities, the department manages the upstream and downstream sectors in Nigeria petroleum ...
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.
Nigerian Agricultural Insurance Corporation (NAIC) National Root Crops Research Institute (NCRI) Agricultural Research Council of Nigeria; Nigerian Institute for Oceanography and Marine Research; Nigerian Institute for Oil Palm Research (NIFOR) Nigeria Agricultural Quarantine Service (NAQS) National Horticultural Research Institute (NIHORT)
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 ...
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 Spill Detection and Response Agency (NOSDRA) is an agency under the Federal Ministry of Environment in Nigeria.It was instituted by the National Assembly of the Federal Republic of Nigeria act of 2006 with the core mandate to oversee the implementation of the National Oil Spill Contingency Plan (NOSCP) which also incorporates the National Oil Spill Contingency System (NOSCS ...