Use the subscription form found on this page to enter your email NNPC has several subsidiaries which include the Nigerian Petroleum Development Company (NPDC), two partly owned subsidiaries and 16 associated companies. The National Petroleum Investment Management Services (NAPIMS) is a Corporate Services Unit (CSU) in the Exploration and Production (E&P) Directorate of the NNPC charged with the responsibility of managing Nigeria Government's investment in the UpStream sector of the Oil and Gas industr y. However, Nigerian National Petroleum Corporation (NNPC) which is the Oil Corporation through which the federal government of Nigeria regulates and participates in the country’s petroleum industry has been faced with security challenges. The Nigerian National Petroleum Corporation (NNPC) is Nigeria’s National Oil Company with the mandate to manage the country’s vast hydrocarbon resources. These goals In 1988, the NNPC was distributed into strategic Business Units and Corporate Services Units which covered the entire operations of the oil industry and were situated in diverse locations across the country. You can also check out the functions of the Department of Petroleum Resources (DPR) to get a better synergy of the two. In addition to its exploration activities, the Corporation was given powers and operational interests in refining, petrochemicals and products transportation as well as marketing. It states that the Minister shall at the incorporation of NNPC Limited, consult with the Minister of Finance to determine the number and nominal value of the shares to be allotted, which shall form the initial paid-up share capital of NNPC Limited and the Federal Government shall … By Sanni Onogu THREE agencies are to be created from the Nigerian National Petroleum Corporation (NNPC), the Petroleum Industry Bill (PIB) 2020 has proposed. NNPC GMD, Mele Kyari – “oil will still be relevant in another 30 years. economy and their stakeholders. My love for God cannot be overemphasized, and yes I love Music and Football too. The Food and Agriculture Organization of the United Nations (FAO) leads international efforts to defeat hunger and to support development in member countries in the areas of agriculture, fisheries and forestry. He urged the various standing committees of the House to step up their oversight functions to prevent such aberrations. Feel free to The discharge of these responsibilities involves monitoring of operations at drilling sites, producing wells, production platforms and flowstations, crude oil export terminals, refineries, storage depots, pump stations, retail outlets, any other locations where petroleum is either stored or sold, and all pipelines carrying crude oil, natural gas and petroleum products, while carrying out the following functions, … Maximo for energy and utilities domain to do maintenance activities effectively with Optimized maintenance schedules and labor utilization, Increased transparency of services to clients, Improved communication regarding work status and completion, Advanced reporting and key performance indicator (KPI) tracking, Informed decision-making on the complete asset lifecycle, Defined roles for … Please consider supporting us by disabling your ad blocker. stands for Nigerian Petroleum Corporation. In 2016,​changes were made to promote the corporation as a global energy company, therefore the Pipelines and Products Marketing Company (PPMC) and the Nigerian Gas Company (NGC) were restructured to create the following new units: This division also fostered employment and made the NNPC initiate a recruitment process on a yearly basis. Monitoring and evaluation of projects: To ensure they are executed in line with agreed project scope and budget and with quality and value of money spent. President Muhammadu Buhari on Tuesday approved N5billion for the National Identity Managment Commission (NIMC) to enable it deliver the national digital economy project effectively with appropriate infrastructures. The functions of the NMDPRA would be limited to midstream and downstream petroleum operations in the petroleum industry, the bill explains. Nigerian National Petroleum Corporation (NNPC) recruitment 2021/2022 All sector of the Nigerian economy has a specific body which oversees the operation of the day to day activities of such sector. NNPC has sole responsibility This included commercial investments, distribution, engineering, exploration and production, gas development, petrochemicals and refining. STRATEGIES FOR ENHANCING EFFECTIVE SECRETARIES OFFICE FUNCTION IN NNPC, WARRI CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY The lexicon Webster Dictionary define strategy as a method or plan to achieve some goals. The Corporation also manages all joint businesses between the Nigerian federal government and other foreign multinational corporations, which include Royal Dutch Shell, Agip, ExxonMobil, Total S.A, Chevron, and Texaco (now merged with Chevron). Engaging in activities to support the NNPC insists no hike in petrol price, as PPPRA deletes template announcing increase By News Editor 2 hours ago 0 Bandits kill seven, injure others in fresh Kaduna attack PIB Lists Functions Of New Agencies To Replace NNPC . Between the years 1978 and 1989, the The Bill listed the specific functions of the proposed agencies that would take over from unbundled NNPC after the passage of the proposal. NNPC also took over the 35,000-barrel Shell Refinery established in Port The Nigerian National Petroleum Corporation was established as a merger of the Nigerian National Oil Corporation and the Federal Ministry of Mines and Steel on the 1st of April, 1977. investment opportunities and profits, Serves as a consultancy firm to the Nigerian A Federal High Court sitting in Kano has ordered the immediate suspension of Ajaokuta, Kaduna and Kano (AKK) Gas Pipelines project in Kano State. And now, the Petroleum Industry Bill 2020 has listed specific functions agencies that will replace the state oil firm when the proposed law is passed and signed by the President Muhammadu Buhari. Engaging in activities to support the development of the local economies in all areas in which the operator operates. So, what is the main function of NNPC? Causes of ethnic conflict in Nigeria are many but we will focus on primary ones that government should deal with to stop the menace at once. Also read: Complete List Of Oil Producing States in Nigeria (Updated). The uses will change but oil and gas will still be relevant.” ... Environmental functions should remain in the hands of the Ministry of Environment; Environmental management plan provisions conflict with the general environmental impact assessment provisions. It would ensure efficient, safe, effective and sustainable infrastructural development of midstream and downstream petroleum operations. These collaborations enable the government to conduct petroleum exploration and production. The Nigerian National Petroleum Corporation (NNPC) will adopt new business models and organizational structures for all its Strategic Business Units (SBUs) and Corporate Service Units (CSUs). other foreign multinational corporations, which include Royal Dutch Shell, Nigerian National Petroleum Corporation was established as a merger of the The bill states that the NNPC Limited must be incorporated six months after the commencement of the Act by the minister under the Companies and Allied Matters Act, as a limited liability company. These collaborations enable the government to conduct petroleum exploration and It, therefore, makes sure to deliver its Corporate Social Responsibilities guided by social, environmental and safety standards. The Mastercard Foundation seeks a world where everyone has the opportunity to learn and prosper. BREAKING: Petrol Hits N212 Per Litre Days After NNPC Denied Price Hike "Why I Haven’t Taken AstraZeneca COVID-19 Vaccine" – Gov Sanwo-Olu Reveals. 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 To ensure a regular supply of products subscribe to this site to get more facts about Nigeria sent directly into your production. ). Impact Assessment Survey: This has to do with making sure completed projects and programs are functional and beneficiaries derive the intended benefits from them. It aims at growing the Nigerian economy with gas by pursuing three key strategies: Stimulate the multiplier effect of gas in the domestic economy. The corporation is in charge of exploration activities and is also given powers to operate in the refining industry, petrochemicals, and transportation of products and marketing. on the 1st of April, 1977. It is also a major driving force in the Nigerian economy as it manages the venture between several multinational corporations which include Agip, Chevron, ExxonMobil, and Royal Dutch Shell. The Petroleum Industry Bill 2020 has listed the specific functions of the three agencies that would replace the Nigerian National Petroleum Corporation when the proposed legislation is passed and assented to by President Muhammadu Buhari. NNPC, however, prides itself on being a socially responsible organization. The bill explained that the functions of the NMDPRA would be limited to midstream and downstream petroleum operations in the petroleum industry. It is reported that no one has been punished for these allegations and the sums are still unaccounted for. also manages all joint businesses between the Nigerian federal government and The federal government has asked Nigerians to stop giving ethnic colouration to crimes. 2013). divisions. the Nigerian Federal government and foreign corporations, The NNPC handles business information such as Asked if the NNPC had started bearing subsidy cost, he said, “I think it would be premature to say because it has to be based on whatever PPPRA works out as to the pricing. It is the corporation in charge of Senate considers bill to detect fraud in public, private corporations, agencies. 100 Nigerians Die Of COVID-19 Complications In Seven Days. transportation of products and marketing. Nollywood Screen Diva, Chioma Akpotha Turns 41 Today With Dazzling Photos. NNPC has sole responsibility for upstream and downstream developments, NNPC is charged with regulating and supervising the oil industry on behalf of the Nigerian Government, Nigerian Petroleum Development Company (NPDC), Pipelines and Products Marketing Company (PPMC), 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), Nigerian Gas and Marketing Company (NGMC), Nigerian Gas Processing and Transmission Company (NGPTC), Nigerian Products and Marketing Company (NPMC), Nigerian Pipelines and Storage Company (NPSC)​​​. Also read: Natural Resources in Nigeria as Distributed in the 36 States and FCT. production industry, To supervise all operations of the Gas Support build and execution of monthly Offtake Programmes, including entitlement, nomination and acceptance processes, preparation and securing sign-off for monthly NNPC Curtailment reports Support management of Export Permits (for SCiN, JV Partners and TPI’s), tracking compliance and escalating matters arising (e.g. These include Gas development, petrochemicals, exploration and production, refining, distribution, engineering, gas development, and commercial investments. Periodically NNPC commissions consultants / firms of chartered accountants to carry out value for money audit of the JV operating companies in order to advise on: Compliance with the Joint Operating Agreements (JOA). email address. in the production process, To determine and fix the price of It also withheld support for Okonjo-Iweala. supervising the oil industry on behalf of the Nigerian Government. NNPC is an acronym which and then subscribe. Maybe you are one of those that are really bothered about the functions of NNPC, this article will give you a simple explanation of what you are looking for. The aim of this Corporate Social Responsibility is to improve the well being of communities in Nigeria via the provision of sustainable projects such as Health, Education, Corporate philanthropy, water sanitization, and hygiene, infrastructure development, Sports/Arts, Charitable/Professional donations, Economic empowerment, and capacity building, etc. production industry, Management of all joint activities between The company was initially established to efficiently gather, treat, transmit and market Nigeria's natural gas and its by-products to major industrial and utility gas distribution companies in Nigeria and neighboring countries. charge of exploration activities and is also have the powers to operate in the 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. In addition to its exploration activities, the Corporation was given powers and operational interests in refining, petrochemicals and products transportation as well as marketing.
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