Nigerian National Petroleum Corporation Act.
Country
Type of law
Legislation
Date of original text
Date of latest amendment
Abstract
This Act establishes the Nigerian National Petroleum Corporation and regulates its functions, powers, internal organization and external relationships. The Managing Director of the Corporation shall be appointed by the Council of Ministers. The Corporation shall generally engage in the handling of petroleum for the manufacture and production of petroleum products and carry out research in connection with petroleum or anything derived from it and promote activities for the purpose of turning to account the results of such research. The Act makes also provision for the establishment of the Petroleum Inspectorate which shall be an integral part of the Corporation.
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Long title of text
An Act to dissolve the Nigerian National Oil Corporation and to establish the Nigerian National Petroleum Corporation empowered to engage in all commercial activities relating to the Petroleum industry and to enforce all regulatory measures relating to the general control of the Petroleum sector through its Petroleum Inspectorate department.
Notes
Reprinted version of Chapter 320 in Laws of the Federation of Nigeria 1990.
Repealed
No
Source language
English
Legislation Amendment
No