What is NNPC:
A list of NNPC Subsidiaries and Divisions in Nigeria is given in this post. Firstly, before we delve into that. Let’s have a glimpse of What NNPC entails.
NNPC, which stands for Nigerian National Petroleum Corporation is solely owned Nigerian Government establishment, with a goal driven team tailored towards managing, operations and other activities of Hydro Carbon industry (Petroleum/Crude Oil) for the benefit of Nigerians and other stake holders.
Year of Establishing NNPC:
NNPC was established in 1, April of 1977 from what was known formerly as NNOC (Nigerian National Oil Corporation) as a merger between it and the Nigerian Ministry of Mines and Steel to birth NNPC.
The first Group Managing Director (GMD) of NNPC is Mr. RA Marinho while the Group Managing Director in July, 2019 of NNPC is Mr. Mele Kolo Kyari who took over from Dr. Maikanti Baru.
NNPC Subsidiaries Divisions
NNPC Manages all activities of the Crude Oil in Nigeria from drilling, exploration, production, refining, marketing and pricing by the various Business Units, Subsidiaries and Divisions it encompasses.
This further brings us to the various Subsidiaries and Divisions of NNPC. There are 7 divisions of NNPC with several subsidiari
- Upstream Company
- Downstream Company
- Refining Company
- Ventures Company
- Gas & Power Company
- Finance and Accounts
- Corporate Services
The list of various NNPC subsidiaries and Business Units is given below.
Upstream Division Subsidiaries
- NPDC – Nigeria Petroleum and Development Company
- IDSL – Integrated Data Service Ltd
- NETCO – National Engineering & Technical Company
- NNPC Oil fields Services
Downstream Division subsidiaries
- NNPC Retails
- Duke Oil
- PPMC – Pipeline and Product Marketing Company
- NIDAS Marine Ltd
- HYSON – Hydrocardon Service Nigeria Ltd
Gas & Power Division subsidiaries
- NGC – Nigerian Gas Company
- NGMC – Nigeria Gas and Marketing Company
Refinery Division Subsidiaries
- PHRC – Port Harcourt Refining Company
- KRPC – Kaduna Refining and Petrochemical Company
- WRPC – Warri Refining and Petrochemical Company
Ventures Divisions Subsidiaries
- NNPC Medical Service Ltd
- NNPC Properties Ltd
- NNPC Pension Funds Ltd
The KRPC, which stands for Kaduna Refining Petrochemical Company is located in Kaduna State. WRPC, which stands for Warri Refining and Petrochemical Company is located in Warri, Delta State. While PHRC, which is known as Porth Harcourt Refining Company is located in Porth Harcourt, Rivers State.
NNPC Core Values:
- New Business Models
- JV Cash Calls
- Production and Reserve Growth
- NPDC Growth
- Gas Development
- Refinery Upgrade and Expansion
- Renewal Energy and Frontier Exploration
- Oil and Gas Infrastructure
- Venture and Common Services
- Professionalism and Accountability
- Staff Welfare
Analysis on Nigerian Crude Oil Production:
Nigeria produces approximately 2 million barrels of Crude Oil on daily basis catering for a population of around 200 million people. A barrel of Crude Oil as of the time of writing this post cost around $62 which is around 21000 Naira. Some of the top oil producing States like, Akwa Ibom, Rivers, Bayelsa, Cross River
and Delta State. Thus 2 million barrels of Crude Oil per day cost = 2000000 * 62 = $124,000000.
Therefore, a Barrel of Crude Oil per head in Nigeria gives = 124,000000/200,000000 = $0.62. That means, it is estimated by relying only on the Crude Oil Resources, an average Nigerian would have to endure with less than a Dollar per day.
Because, $0.62 is equivalent to around 0.62*365 Naira= 226 Naira. Therefore, from this estimation an average Nigerian settles for less than a Dollar which is around 226 Naira.This is just some little analysis and Maths. Don’t take it seriously.