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The Nigerian National Petroleum Corporation was formed in 1977 through the merger of some of the departments of the Ministry of Petroleum Resources, and the old Nigerian National Oil Corporation. The Corporation has sole responsibility for upstream and downstream developments, and is also charged with regulating and supervising the oil industry on behalf of the Nigerian Government. In 1988, the corporation was commercialised into 12 strategic business units, covering the entire spectrum of oil industry operations: exploration and production, gas development, refining, distribution, petrochemicals, engineering, and commercial investments. The subsidiary companies include:

             National Petroleum Investment Management Services (NAPIMS)
             Nigerian Petroleum Development Company (NPDC))
             The Nigerian Gas Company (NGC))
             The Products and Pipelines Marketing Company (PPMC)
             Integrated Data Services Limited (IDSL)
             Nigerian LNG limited (NLNG)
             National Engineering and Technical Company Limited (NETCO)
             Hydrocarbon Services Nigeria Limited(HYSON)
             Warri Refinery and Petrochemical Co. Limited (WRPC)
             Kaduna Refinery and Petrochemical Co. Limited(KRPC)
             Port Harcourt Refining Co. Limited (PHRC)
             Eleme Petrochemicals Co. Limited (EPCL)

In addition to these subsidiaries, the industry is also regulated by the Department of Petroleum Resources (DPR), a department within the Ministry of Petroleum Resources. The DPR ensures compliance with industry regulations; processes applications for licenses, leases and permits, establishes and enforces environmental regulations. The DPR, and NAPIMS, play a very crucial role in the day to day activities throughout the industry.  burberry trench coat

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Most of the major oil and gas projects focus on the joint venture operations in which NNPC is the major shareholder, and the deep offshore development program, being carried out under production sharing contracts. All development plans for such projects must be approved by NNPC. There are other projects which the corporation develops primarily in areas of products distribution (pipelines, depots), refining, and petrochemicals. Current projects being handled by subsidiaries of NNPC, include the gas supply pipeline to the Aluminium Smelter plant in Ikot Abasi, and the Bonny Export Terminal.

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