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Nigerian National Petroleum Corporation

NNPC Limited is a dynamic global energy company with businesses and operations across the entire spectrum of the energy value chain. NNPC Limited’s history began with the discovery of oil in commercial quantity at Oloibiri, Bayelsa state. This discovery eventually led to the formation of the Nigerian National Oil Corporation (NNOC) as the National Oil Company of Nigeria. It is noteworthy that in the same year, Nigeria joined the Organisation of the Petroleum Exporting Countries (OPEC) as its tenth member. A merger of NNOC, with its operational functions, and the Federal Ministry of Mines & Power with its regulatory responsibilities gave birth to the Nigerian National Petroleum Corporation. This entity endured, recording appreciable progress in all facets of the petroleum industry, until the signing of the Petroleum Industry Act (PIA). The enactment of the PIA, an omnibus legislation overhauling the Nigerian Oil & Gas Industry, heralded the birth of a new Corporate entity, the NNPC Ltd., which was incorporated as a Limited Liability Company. Under the PIA, the Company is free to operate in different sectors of the global energy industry and pursue other commercially viable ventures that will guarantee value to all its stakeholders.   Operations and Services Upstream Gas & Power New Energy Downstream Non-Energy...

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