Let’s start with a quick rundown of the country’s leading oil and gas firm. The Nigerian National Petroleum Corporation (NNPC) is a government-owned corporation. It is in charge of regulating the Nigerian petroleum sector as well as engaging in it. The corporation is divided into various units, each with its own set of responsibilities. All of this vital information will be highlighted throughout this article.
AN OVERVIEW OF THE NNPC
The Nigerian National Petroleum Corporation (NNPC) was formed in 1977 when the Nigerian National Oil Corporation (NNOC) and the Federal Ministry of Mines and Steel merged. NNPC administers and conducts petroleum product discovery in Nigeria in collaboration with a series of international multinational businesses, including Royal Dutch Shell, Agip, ExxonMobil, Total S.A., and Chevron.
The NNPC’s headquarters are in Abuja’s Central Business District, on Herbert Macaulay Way, and it has zonal offices in Lagos, Kaduna, Port Harcourt, and Warri. In London, the NNPC operates an international office.
By legislation, the Nigerian National Petroleum Corporation (NNPC) is in charge of the joint venture between various global firms and the Nigerian government. Agip, Chevron Texaco, ExxonMobil, and Royal Dutch Shell are among these companies. Nigeria is capable of conducting petroleum exploration and production as a result of this collaboration. Also see: SALARY STRUCTURE OF NNPC STAFF (2023)
FUNCTIONS OF THE NNPC
NNPC is responsible for a number of duties in addition to overseeing Nigeria’s petroleum industry. The functions of NNPC are listed below.
- The Nigerian National Petroleum Corporation (NNPC) is in charge of overseeing and monitoring the oil industry on duty on the part of the Nigerian government.
- To ascertain and solve product prices.
- To oversee all aspects of the oil and gas industry.
- To monitor the oil sector’s progress during the production process.
- To oversee all aspects of the gas production industry’s operations.
- To ensure that products are available on a regular basis
- Overseeing all joint activities between the Nigerian government and international corporations.
- Responsibilities for renewable energy
- The NNPC is in charge of handling business data such as investment opportunities and profits.
- Acts as a consultant to the Nigerian government and other related industries on oil and gas issues.
- Overseeing the refining sector 12. Overseeing the engineering and technology divisions
- Participating in activities that support the growth of local economies across all areas
- Conduct research in the oil industry
- Upstream and downstream developments are solely the responsibility of NNPC.
ORGANIZATION/ STRUCTURE OF NNPC
The NNPC Board, the Group managing director’s office, and seven functional areas led by a chief operating officer make up the NNPC organization and structure (COO). The Group General Manager (GGM) leads the NNPC divisions, while the Managing Director leads the subsidiary firms.
NNPC AUTONOMOUS BUSINESS UNITS:
- Upstream Company
- Downstream Company
- Refining Company
- Ventures Company
- Gas & Power Company
NNPC CORPORATE SERVICES UNITS:
- Finance and Accounts
- Corporate Services
NNPC STRATEGIC BUSINESS & CORPORATE SERVICES UNITS:
- National Petroleum Investment and Management Service
- NNPC Trading Company
- Crude Oil Marketing Division
- Nigerian Petroleum Development Company
- Government & Labour Relations
- Integrated Data Services Limited
- Corporate Secretariat, Legal Division
- NNPC Retail Limited
- Corporate Social Responsibility
- Nigerian Petroleum Marketing Company
- Marine Logistics
- Nigeria Pipeline & Storage Company
- Renewable Energy/Frontiers Exploration
- Kaduna Refining & Petrochemicals Company
- Group Public Affairs Division
- Warri Refining & Petrochemicals Company
- Financial Controller
- Port Harcourt Refining Company PHRC
- Gas & Power Investments Company
- Liabilities Management
- Nigeria Gas Marketing Company
- Group Human Resources Division
- Nigeria Gas Company
- Engineering & Technology
- NNPC Properties
- Information Technology Division/SAP
- NNPC Shipping with NIDAS & NIKORMA as Independent Subsidiaries
- NNPC Medical Services
- National Engineering & Technical Company
- NNPC Leadership Academy
- NNPC Oilfield Services
- NNPC Capital
- NIGAZ (NNPC/GAZPROM JV)
- Nigeria LNG Limited NLNG
- NNPC Pension Fun
BUSINESS UNITS OF NNPC
To guarantee smooth operations at NNPC, the Nigerian National Petroleum Corporation (NNPC) is divided into numerous business units. Gas development, petrochemicals, exploration and production, refining, distribution, engineering, gas development, and commercial investments operations are all covered by these business areas of NNPC. NNPC’s Business Units are as follows:
- Petroleum Development Company (NPDC)
- Nigerian Gas and Marketing Company (NGMC)
- Nigerian Gas Processing and Transmission Company (NGPTC)
- Gas and Power Investment Company (GPIC)
- Nigerian Products and Marketing Company (NPMC)
- Nigerian Pipelines and Storage Company (NPSC)
- Nigerian Gas Company (NGC)
- Pipelines and Products Marketing Company (PPMC)
- Integrated Data Services Limited (IDSL)
- National Engineering and Technical Company Limited (NETCO)
- Hydrocarbon Services Nigeria Limited (HYSON)
- Warri Refining and Petrochemical Company Limited (WRPC)
- Kaduna Refining and Petrochemical Company Limited (KRPC)
- Port Harcourt Refining Company Limited (PHRC)
- NNPC Retail Limited
- Duke Oil
Nigeria’s oil and gas deposits are managed by the Nigerian National Petroleum Corporation (NNPC), which is accountable for maintaining the country’s long-term development. It conducts oil exploration, production, and refinement, as well as marketing and retailing petroleum products. It also works in petrochemicals and gas development, oil and gas engineering, government upstream investment oversight, and the marketing of Nigeria’s accruable crude. It is executing a renewable energy plan to manufacture ethanol by combining the industrial and agricultural sectors.These are the NNPC functions that were discussed in this article. We also provided NNPC’s corporate structure and other relevant information.