The Nigeria Petroleum Corporation - 898 Words

Introduction A business is a commercial activity where a group of people with similar interest trade good and deliver services with the purpose of making profit. From the definition, a business cannot operate in an area with little or no activity. This report will examine the relationship NNPC capabilities and environmental influences using PESTLE models. PESTLE Analysis is an analytical tool for strategic organizational planning. PESTLE is a strategic scheme for understanding external influences on a business. PESTLE stands for Political, Economic, Social, Technological, Legal and Environmental (Worthington Britton, 2009). It also concentrates on one of the biggest petroleum companies in Nigeria; Nigerian National Petroleum Corporation (NNPC). Information on this report will give a general overview on the organization, analyze the PESTLE factors as well as discuss three of these factors that affect the operation of the business. Finally, the possible future challenges that the organization might face as it grows will be discussed. BRIEF DESCRPTION OF NIGERIA NATIONAL PETROLEUM CORPORATION (NNPC) Nigeria National Petroleum Corporation was as a result of merger between the Nigeria National Oil Corporation (NNOC) and the Ministry of Petroleum Resources created the Nigerian National Petroleum Corporation (NNPC) on April 1, 1977. Nigeria joined the Organization of Petroleum Exporting Countries (OPEC) in 1971 and established the Nigerian National Petroleum Company (NNPC).Show MoreRelatedThe Joint Venture Relationship Between Chevron Nigeria Limited And Nigerian National Petroleum Corporation3166 Words   |  13 Pages2.0 RATIONALE This course work is an analysis of the Joint Venture relationship between Chevron Nigeria Limited (CNL) and the Nigerian National Petroleum Corporation (NNPC). 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