One of the roles of NNPC in the production and refining of crude oil is to?
Answer Details
One of the roles of NNPC (Nigerian National Petroleum Corporation) in the production and refining of crude oil is to satisfy the domestic consumption of petroleum products.
The NNPC is a government-owned corporation that oversees the exploration, production, and refining of crude oil in Nigeria. One of its primary objectives is to ensure that there is an adequate supply of petroleum products, such as gasoline and diesel, to meet the domestic demand in Nigeria. This is done by refining crude oil into these products and distributing them to various parts of the country.
In addition to satisfying domestic demand, the NNPC also plays a role in securing maximum government revenue and regulating prices. The corporation is responsible for managing the sale of crude oil and petroleum products on behalf of the Nigerian government. It also regulates prices to ensure that they are affordable for consumers while still generating revenue for the government.
Preventing the smuggling of petroleum products and protecting local operators in the petroleum industry are also important objectives of the NNPC. Smuggling can lead to shortages of petroleum products and loss of revenue for the government, while protecting local operators can help to promote growth and development in the industry.
However, the specific role mentioned in the question is to satisfy the domestic consumption of petroleum products, as this is one of the most important functions of the NNPC in ensuring that the needs of the Nigerian people are met.