In accord with the announcement made by the Minister of State for Petroleum Resources, Ibe Kachikwu, the federal government has split the Nigerian National Petroleum Corporation (NNPC) into seven independent operational units. 
Mr. Kachikwu, announced this in Abuja on Tuesday, giving the new units as upstream, downstream, gas and power, refineries, ventures, corporate planning and services, and finance and accounts.
The minister explained that the distribution of subsidiary companies of the corporation would further be restructured into direct management of the divisions.
He announced the heads of the units as Bello Rabiu (upstream), Henry Ikem-Onih (downstream), Saudu Mohammed (gas & power), and Babatunde Adeniran (ventures).
Others are Anibor Kragha (refineries), Isiaka Abdulrazaq (finance & services), and Isa Inuwa (corporate services).
Recall that last week, Kachikwu announced that the government was planning to unbundle the corporation into 30 profitable companies.
“For the first time, we are unbundling the subset of the NNPC to 30 independent companies with their own managing directors,” he had said.
“Titles like group executive directors are going to disappear and in their place you are going to have CEO and they are going to take responsibilities for their titles.
“At the end of the day, the CEO of an upstream company must deliver an upstream result.”
[…] Recall that the Minister, last week stated that the NNPC would be split into 30 profitable companies. He however, announced the creation of seven units out of the NNPC late on Tuesday. […]