Nigerian National Petroleum Corporation

The Nigerian National Petroleum Corporation ( NNPC ), sometimes known as the Nigerian National Petroleum Company, is a state-owned oil company of the Nigerian government.

About this company regulated and participates in the government in Nigeria in the oil industry in the country.

The group was founded on April 1, 1977 by a merger of Nigerian National Oil Corporation and the Federal Ministry of Mines and Power. THe NNPC is a joint venture between the Nigerian federal government and a number of foreign multinationals, which includes the company Royal Dutch Shell, Exxon -Mobil, Agip, TotalFinaElf and Chevron.

According to the Nigerian constitution, all minerals, oil and gas reserves in the country owned by the Nigerian government.