There is either a seeming lack of understanding or sheer mischief by a section of the media on the operations of the Nigeria National Petroleum Company Ltd, over the past few days.
Oil and gas entities across the globe operate with partnerships, subsidiaries and Joint Ventures. Saudi ARAMCO for instance has over eight subsidiaries; Aramco Americas, Aramco Shared Benefits Company (ASBCO), Saudi Petroleum International, Inc. (SPII), Saudi Refining, Inc. (SRI), Aramco Training Services Company (ATSC) and Motiva Enterprises LLC which owns and operates North America’s largest refinery in Port Arthur, Texas with a crude capacity of more than 600,000 barrels a day.
