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Article: Nigeria - The NNPC Structure.
- Article from:
- APS Review Downstream Trends
- Article date:
- August 24, 2009
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NNPC was formed in 1977 from a merger of the state-owned Nigerian National Oil Corp. and a former version of the ministry of petroleum resources. NNPC is to be restructured and turned into a commercially-focused firm no longer dependent on state funding. This is under the Petroleum Industry Bill (PIB) now being debated in the National Assembly, which increases the state's take on existing and future oil and gas production and overhauls the upstream tax and royalty system.
As it is now, NNPC's superstructure consists of a group managing director and six group executive directors. The latter are in charge of six directorates which oversee NNPC's subsidiaries, as ...