Nigerian National Petroleum Company Limited

The Nigerian National Petroleum Company (NNPC) Limited is a state-owned oil company in Nigeria. Still a fully owned government company, it was transformed from a corporation into a limited liability company in July 2022. NNPC Limited is the only entity licensed to operate in the country's petroleum industry. It partners with foreign oil companies to explore Nigeria's fossil fuel resources. The NNPC, with an asset of $153B (USD), is the largest national oil company in Africa. The company boasts of extensive infrastructure and investment in the downstream, midstream and upstream of the Nigerian petroleum industry.