Who controls the oil in Nigeria?
Shell Nigeria owns concessions on four companies, they are: Shell Petroleum Development Company (SPDC), Shell Nigeria Exploration and Production Company (SNEPCO), Shell Nigeria Gas (SNG), Shell Nigeria Oil Products (SNOP), as well as holding a major stake in Nigeria Liquified Natural Gas (NLNG).
(1) Nigerian National Petroleum Corporation (NNPC): NNPC was established in 1977 to have the sole authority over the petroleum activities in Nigeria.
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