NNPC, however, prides itself on being a socially responsible organization. on the 1st of April, 1977. The upstream function of NNPC includes; the production of crude oil which is monitored by the Directorate of Exploration and Production which is made up of five different Strategic Business Units (SNUs) which functions under NNPC. 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. Powered By Naijapals.com Even though you are not interested in working with nnpc, knowing their functions is good as no knowledge is a waste. Application Deadline:21 February 2021. Harcourt in 1965. Washington has since backed the Nigerian after President Joe Biden took office. Global Memorandum of Understanding: This serves as a means of regulating and holding oil companies and stakeholders accountable. In addition to its exploration activities, the Corporation was given powers and operational interests in refining, petrochemicals and products transportation as well as marketing. 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 Here are the functions of NNPC. This is to inform the depositors, creditors, shareholders and the general public that the operating licenses of the under listed Forty-Two (42) Microfinance Banks (MFBs) have been revoked by the Central Bank of Nigeria (CBN) effective 12th November, 2020. The The NNPC is an acronym for the Nigerian National Petroleum Corporation. ... the remittance by DPR and NNPC is nose-diving and that we should check it. for upstream and downstream developments, NNPC is charged with regulating and The federal government has asked Nigerians to stop giving ethnic colouration to crimes. The exco had approved the adoption of the Odua anthem to be sung immediately after the National Anthem at official and public functions. 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. The Nigerian National Petroleum operation has many times over the years been accused of corruption, mismanagement of funds and heavy fraud. 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. Use the subscription form found on this page to enter your email The Nigerian National Petroleum Corporation (NNPC) is the state oil corporation which was ​established on April 1, 1977. economy and their stakeholders. You can also check out the functions of the Department of Petroleum Resources (DPR) to get a better synergy of the two. Nigerian National Petroleum Corporation was established as a merger of the 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. So, what is the main function of NNPC? The functions of the NMDPRA would be limited to midstream and downstream petroleum operations in the petroleum industry, the bill explains. other foreign multinational corporations, which include Royal Dutch Shell, Guarantee the long term energy security of Nigeria . 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 … 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). As an applicant, it is necessary to know some things about where you want to work. The Nigeria Deposit Insurance Corporation (NDIC), the official Liquidator of the banks whose licenses were recently… This complex is located on Herbert Macaulay Way, Central Business District Abuja with four zonal offices in Lagos, Kaduna, Port Harcourt and Warri and an international office in London, United Kingdom. Also read: Natural Resources in Nigeria as Distributed in the 36 States and FCT. You can trace causes of ethnic conflict to amalgamation, religious differences, inequality, lack of transparent governance, long military incursion in government and lack of vision or Nigerian dream, to mention but a few. 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. 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. 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)​​​. Several foreign companies such as Wilbros Group Inc and ABB Vetco Gray have admitted to paying bribes in millions of dollars to NNPC officials so as to earn good recommendations. In addition to its exploration activities, the Corporation was given powers and operational interests in refining, petrochemicals and products transportation as well as marketing. Senate considers bill to detect fraud in public, private corporations, agencies. To determine and fix the price of products. NNPC also took over the 35,000-barrel Shell Refinery established in Port The Nigerian National Petroleum Corporation (NNPC) is Nigeria’s National Oil Company with the mandate to manage the country’s vast hydrocarbon resources. The Nigerian Gas Company Limited (NGC) was established in 1988 as one of the eleven (11) subsidiaries of the Nigerian National Petroleum Corporation (NNPC). It is reported that no one has been punished for these allegations and the sums are still unaccounted for. It was because, FAAC, chaired by the Minister of Finance, Mrs. Kemi Adeosun and commissioners of the 36 states of the federation as members, had insisted on full disclosure on remittance by the NNPC. NNPC also took over the 35,000-barrel Shell Refinery established in Port Harcourt in 1965. 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. 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. NNPC is charged with regulating and supervising the oil industry on behalf of the Nigerian Government. He urged the various standing committees of the House to step up their oversight functions to prevent such aberrations. The signing of the Bill into law would allow for the unbundling of the Nigerian National Petroleum Corporation (NNPC) which is one of the world's most amorphous and incandescent corporations bundling regulatory and market competing functions in the same entity. stands for Nigerian Petroleum Corporation. The 28th World Gas Conference taking place on 23 – 27 May 2022 in Daegu, Korea will drive the energy conversation forward and reinforce the vital economic and environmental role of natural gas in a sustainable energy future. Bauchi State Governor Bala Mohammed has signed into law, a bill establishing the Bauchi state Oil and Gas Academy, Alkaleri, and two other bills. These collaborations enable the government to conduct petroleum exploration and 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. Also read: Complete List Of Oil Producing States in Nigeria (Updated). You will also get to find other important information about the corporation. Over the years, crude oil and product theft has been major security challenge for NNPC. development of the local economies in all areas in which the operator operates. NNPC has several subsidiaries which include the Nigerian Petroleum Development Company (NPDC), two partly owned subsidiaries and 16 associated companies. PIB States the Specific Functions the New Agencies to Replace NNPC October 6, 2020 0 Comments The Petroleum Industry Bill 2020 named the three agencies to be created from the NNPC to include the Nigerian Upstream Regulatory Commission (NURC), the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian National Petroleum Company Limited. National Petroleum Corporation (NNPC). Feel free to NNPC GMD, Mele Kyari – “oil will still be relevant in another 30 years. 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. divisions. In order to ensure that stakeholders and host communities where operations of the NNPC are carried out derive maximum benefits from the Corporate Social Responsibility Projects and programs, the NNPC employs a number of strategies, such as : Stakeholder’s Engagement: This involves a participatory partnership between all stakeholders in the communities for the identification and development of Sustainable Community Development (SCD) projects. value to the nations hydrocarbon resources for the benefit of the nation’s The bill explained that the functions of the NMDPRA would be limited to midstream and downstream petroleum operations in the petroleum industry. Nollywood Screen Diva, Chioma Akpotha Turns 41 Today With Dazzling Photos. ). supervising the oil industry on behalf of the Nigerian Government. It is the corporation in charge of Between the years 1978 and 1989, the 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 the President, Major General Muhammadu Buhari (retd. Nigerian National Petroleum Corporation was created for the purpose of adding Between the years 1978 and 1989, the corporation had constructed refineries in Warri, Port Harcourt, and Kaduna. NNPC is an acronym which 2013). Please go through my threads for pictures, specifications, functions and contact. A major underlying challenge that adversely affected maritime safety and security in Nigeria was the duplication of activities and functions by … This is asides the accusation of unremitted funds of over $49.8 billion levied against the corporation by the Central Bank of Nigeria in 2013. These goals In the year 1988, NNPC had 12 business units, which covered the whole of the oil industry and its operations. Position Nigeria competitively in high value export markets. In 2011, KPMG, a Nigerian Audit firm detailed the NNPC’s sharp practices, illegal deduction of funds and failure to account for several billion that ought to have been remitted to the federal government. These include Gas development, petrochemicals, exploration and production, refining, distribution, engineering, gas development, and commercial investments. subscribe to this site to get more facts about Nigeria sent directly into your 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 present Nigeria National Petroleum Corporation (NNPC) will be reformed and incorporated as the Nigerian National Petroleum Company Limited (NNPC Limited) to assume a … Functions of NNPC (Nigerian National Petroleum Corporation), functions of the Department of Petroleum Resources (DPR), Complete List Of Oil Producing States in Nigeria (Updated), Natural Resources in Nigeria as Distributed in the 36 States and FCT, Types of Citizenship in Nigeria and How One Can Be Deprived From It, Procedure for Change of Name in Nigeria after Marriage, Bank Errors, Nigeria Passport etc, Governor Okezie Ikoeazu Receives COVID-19 Astrazeneca Vaccine Today in Umuahia, Femi Adesina Receives First Dose of COVID-19 Astrazeneca Vaccine Today …, Abia Social Media Converge: Readjustment of the Program in Adherence …, Governor Ikpeazu To Interact With Abia Youth On St Valentine’s …, Woman Bags 2 Weeks Jail Term For Indiscriminate Dumping of …, To oversee the development of the oil sector Each of these units has their heads as the chief operating officer (COO), the Divisions are headed by Group General Managers (GGM) while the subsidiary companies are headed by Managing Directors. Divestment of the Nigerian National Petroleum Corporation (NNPC) into smaller units with specific roles, which many believes will make the corporation more efficient and effective. 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 NNPC has its headquarters in Abuja. corporation had constructed refineries in Warri, Port Harcourt, and Kaduna. 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. 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 … production industry, To supervise all operations of the Gas The role assigned to the corporation has at one time or another included managing the interests of the Federal Republic of Nigeria (henceforth referred to as “the Federation”) in the oil and gas industry, making input into industry policy, performing regulatory functions, and driving Nigeria’s economic, 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. The NNPC Group comprises the NNPC Board, the Group managing director’s office and seven operational units which are listed below. Notify me of follow-up comments by email. PIB Lists Functions Of New Agencies To Replace NNPC . 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, …