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Nigerian National Petroleum Corporation (NNPC)


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The Nigerian National Petroleum Corporation, NNPC, was established on April 1, 1977, under the statutory instrument-Decree No.33 of same year by a merger of Nigerian National Oil Corporation, NNOC, with its operational functions and the Federal Ministry of Mines & Power with its regulatory responsibilities. This decree established NNPC, a public organization that would, on behalf of Government, adequately manage all government interests in the Nigerian Oil industry. In addition to its exploration activities, the Corporation was given powers and operational interests in refining, petrochemicals and products transportation as well as marketing. Between 1978 and 1989, NNPC constructed refineries in Warri, Kaduna and Port Harcourt and took over the 35,000-barrel Shell Refinery established in Port Harcourt in 1965.

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NNPC operations: exploration & production, gas development, refining, distribution, petrochemicals, engineering, and commercial investments. NNPC's vision is to make Nigeria the leading (LNG) producing nation in the world and to promote sufficiency in the domestic power supply. As part of Nigeria's resolve to become a major international player in the international gas market as well as to lay a solid framework gas infrastructure expansion within the domestic market, the Nigerian Gas Master Plan was approved on February 13 2008. The Master-Plan is a guide for the commercial exploitation and management of Nigeria’s gas sector. It aims at growing the Nigerian economy with gas.

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 Associated Articles

NNPC Receives 96 Bids for Downstream Infrastructure Rehab Projects
NNPC, Partners Begin Discussion on NLNG Train 8
NNPC, SEEPCO Sign Gas Development Deal
NNPC Says Allegation of AKK Contract Inflation is Baseless, False, Malicious
NNPC Obtains $1bn to Fund Upstream Operations
more articles »
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