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How many subsidiaries does NNPC have?

By: Franz HolzingerUpdated: January 02, 2021

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NNPC has several subsidiaries, two partly owned subsidiaries and 16 associated companies.

Also asked, what are the departments in NNPC?

The Nigerian National Petroleum Corporation (NNPC)
  • National Petroleum Investment Management Services( NAPIMS)
  • Crude Oil Sales Division ( COSD )
  • Integrated Data Services Limited ( IDLS )
  • Nigerian Petroleum Development Company ( NPDC )
  • Nigerian Gas Company (NGC)

Similarly, where is the headquarter of NNPC?

Abuja, Nigeria

What is the main function of NNPC?

NNPC was created for the purpose of adding value to the nation's hydrocarbon resources for the benefit of the nation's economy and other stakeholders. The functions of the NNPC include: To oversee the development of the oil sector in the production process. To determine and fix the price of products.

Who is the current GMD of NNPC?

President Buhari appointed Mele Kyari as the New Group Managing Director Of NNPC. Kyari replaces Maikanti Baru. The new GMD and the other appointed NNPC officials would work alongside the current officers in the same position until the 7th of July 2019.

Related

Who owns the oil in Nigeria?

Shell Nigeria owns concessions on four companies, they are: Shell Petroleum Development Company (SPDC), Shell Nigeria Exploration and Production Company (SNEPCO), Shell Nigeria Gas (SNG), Shell Nigeria Oil Products (SNOP), as well as holding a major stake in Nigeria Liquified Natural Gas (NLNG).

Is Pppra a subsidiary of NNPC?

The NNPC Retail Ltd., one of the downstream subsidiaries of the Nigerian National Petroleum Corporation (NNPC), has clarified that all its filling stations across Nigeria were selling premium motor spirit (petrol) within the official price band announced by the Petroleum Products Pricing Regulatory Agency (PPPRA) for

What is nupeng?

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) is one of the 46 industrial unions formerly affiliated to the Nigeria Labour Congress.

When was NNPC found?

April 1, 1977, Nigeria

How much does Nigeria make from oil daily?

How much does Nigeria make from oil? At a current price of $65 per barrel, Nigerian crude oil exports records 2.2 million barrels per day. The huge export number generates income especially the excess crude gains.

Who built Warri refinery?

Nigeria awarded Italian company Comerint SPA a $7.6 million contract for turnaround maintenance for its 125,000 b/d refinery at Warri, said a spokesman for Nigerian National Petroleum Corp. The work is expected to be complete within 5 months.

How many NNPC Depot do we have in Nigeria?

According to the NNPC, the product is available in 23 depots in Lagos, seven in Port Harcourt, 11 in Warri, six in Calabar and eight in Kaduna. THe release also states that two vessels of 50 million litres of petrol, would arrive the shores of Nigeria every day from tomorrow.

Who built Kaduna refinery in Nigeria?

Waxy crude required as feedstock for the Lubes Plant was imported from Saudi Arabia and Venezuela as all Nigerian crudes were napthenic [7]. Again the Kaduna Refinery was successfully commissioned by NNPC and ran at full capacity utilization.

How many refineries are in Nigeria?

There are currently five (5) refineries in Nigeria; of which four (4) plants are owned by the Nigerian Government through the Nigerian National Petroleum Corporation (NNPC), while the fifth is owned and operated by Niger Delta Petroleum Resources (NDPR).

Is Buhari the minister of petroleum?

President Muhammadu Buhari appointed Dr. Emmanuel Ibe Kachikwu as the Minister of State and Petroleum Resources in November 2015. He was replaced by Timipre Sylva who took over the Ministerial portfolio in August 2019.

How many oil company do we have in Nigeria?

This foreign oil and gas companies in Nigeria are 6 in number. These includes; Shell, Chevron, ExxonMobil, Agip, Total and Texaco.

How many oil blocks are in Nigeria?

According to the DPR, 179 blocks have been allocated as of December 2017, comprising 111 Oil Mining Leases and 68 Oil Prospecting Licences. The country has seven basins, namely Anambra, Benin, Benue, Bida, Chad, Niger Delta and Sokoto.

When did Nigeria join OPEC?

During 1961–1975, the five founding nations were joined by Qatar (1961), Indonesia (1962–2008, rejoined 2014-2016), Libya (1962), United Arab Emirates (originally just the Emirate of Abu Dhabi, 1967), Algeria (1969), Nigeria (1971), Ecuador (1973–1992, 2007-2020), and Gabon (1975–1994, rejoined 2016).

How can the NNPC achieve internal economies of scale?

The Nigerian National Petroleum Corporation can achieve internal economies of scale through the following ways: (ii) NNPC should apply the use of advanced machines, many workers and the application of division of labour etc. which will increase its output and lower the cost per unit.