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Nigeria
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Litii
Investment Nigeria Limited an allied company of The Nigerian National Petroleum
Corporation, NNPC, which was established on April 1, ***7, under
the statutory instrument-Decree No.*3 of same year by a merger of
Nigerian National Oil Corporation, NNOC, with its operational
functions and the Federal Ministry of Mines & Power with its
regulatory responsibilities. This decree established NNPC, a public
organization that would, on behalf of Government, adequately manage
all government interests in the Nigerian Oil industry.
In addition to its exploration activities, the Corporation was
given powers and operational interests in refining, petrochemicals
and products transportation as well as marketing. Between ***8 and
***9, NNPC constructed refineries in Warri, Kaduna and Port
Harcourt and took over the *5,***-barrel Shell Refinery established
in Port Harcourt in ***5.
In
***8, the NNPC was commercialised into *2 strategic business units,
covering the entire spectrum of oil industry operations:
exploration and production, gas development, refining,
distribution, petrochemicals, engineering, and commercial
investments.