By enhancing our upstream production, expanding our gas processing and transportation services for domestic consumption, and exports. We will also revamp and expand our refining assets portfolio through greenfield projects with chemicals production integration and leverage equity partnerships. This will ensure we have sufficient capacity to meet local and international demand for premium energy products and services.
We will continue to promote environmental sustainability through our long-term decarbonisation programme and quality investments in new energy sources such as solar and biofuels.
Our History
1956
NNPC Limited’s history began with the discovery of oil in commercial quantity at Oloibiri, Bayelsa state
This discovery eventually led to the formation of the Nigerian National Oil Corporation (NNOC) as the National Oil Company of Nigeria.
1971
1971
It is noteworthy that in the same year, Nigeria joined the Organisation of the Petroleum Exporting Countries (OPEC) as its tenth member.
A merger of NNOC, with its operational functions and the Federal Ministry of Mines & Power with its regulatory responsibilities gave birth to the Nigerian National Petroleum Corporation.
April 1st
1977
August 16th
2021
This entity endured, recording appreciable progress in all facets of the petroleum industry, until the signing of the Petroleum Industry Act (PIA).
The enactment of the PIA, an omnibus legislation overhauling the Nigerian Oil & Gas Industry, heralded the birth of a new Corporate entity, the NNPC Ltd., which was incorporated as a Limited Liability Company.
September
2021
September
2021
Under the PIA, the Company is free to operate in different sectors of the global energy industry and pursue other commercially viable ventures that will guarantee value to all its stakeholders.