1. Exploration and Production: NNPC plays a crucial role in exploring for and producing oil and gas resources in Nigeria. This involves prospecting, drilling, and extracting these resources from the ground.
2. Refining and Marketing: NNPC also operates refineries in Nigeria, where crude oil is processed into various petroleum products such as gasoline, diesel, and jet fuel. These products are then marketed and distributed to meet domestic and international demand.
3. Gas Development: NNPC is actively involved in the development of Nigeria's natural gas resources. This includes extracting, processing, and distributing natural gas for both domestic consumption and export.
4. Energy Policy Formulation: As the national oil company, NNPC plays a key role in formulating and implementing energy policies in Nigeria. This involves setting strategic goals and priorities for the oil and gas sector to ensure sustainable development and growth.
5. Joint Venture Partnerships: NNPC collaborates with various international oil companies through joint venture partnerships to develop Nigeria's oil and gas resources. These partnerships involve sharing costs, risks, and profits in exploration, production, and development activities.
6. Revenue Generation: NNPC is responsible for generating revenue for the Nigerian government through the exploration, production, and sale of oil and gas resources. The revenue generated contributes significantly to the country's economy and funding of critical social and infrastructure projects.
List and explain shortly six roles of nnpc
1 answer
1 answer