NNPC unveils 23 subsidiaries with percentage of ownership

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The Nigerian National Petroleum Company, NNPC Limited has unveiled 23 subsidiaries and their percentage of ownership.

This was made known in the company’s most recent annual report of which 20 of the subsidiaries are 100% owned.

Statisense reports that the subsidiaries run businesses in Nigeria, and Europe while several others were founded in island countries.

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Full list of NNPC subsidiaries and country of operation
NNPC Retail: 100%
Duke Global Energy Inv: 100% (UK)
Duke Oil Services UK: 100% (UK)
Duke Oil Company Inc: 100%
Nig Petroleum Dev Co: 100%
Warri Refining & Petrol Co: 100%
Nigeria Gas Company: 100%
PH Refining Co Ltd: 100%
Petrol Products Mkt Co: 100%
Nat Engr & Tech Co: 100%
Int Data Services Ltd: 100%
The Wheel Insurance Co: 100% (Guernsey, Channel Islands)
Nig Gas Mkting Co Ltd: 100%
Nig Pipelines & Storage Co: 100%
NGas Ltd: 62% (Bermuda)
Nidas Marine Ltd: 100%
Nidas Shipping Ltd: 100% (UK)
NNPC LPG: 100%
NNPC LNG: 100%
NNPC Oilfield Services: 99%
NNPC Gas & Power Inv Co: 100%
National Petroleum Telecoms Co: 100%.

It can be recalled that on Tuesday, 19 July 2022, President Muhammdu Buhari officially unveiled a new NNPC, which many believe, has brought to an end 44 years of NNPC operating as a government entity.

NNPC has over 23 subsidiaries, some of which are party-owned and operations outside Nigeria.

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