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JAMB Economics 1993 Question 37

Question 37

Natural Resources and Petroleum

The joint ventures operating in the Nigerian oil industry are between

  1. A.the NNPC and independent marketers
  2. B.the NNPC and multinational marketers
  3. C.the NNPC and producer marketers
  4. D.multinational corporations and independent marketers
Show the answer and explanation

Answer: C (the NNPC and producer marketers)

Explanation

The oil joint ventures are partnerships between the NNPC and the (mainly foreign) oil-producing companies.