The Nigerian National Petroleum Corporation (NNPC), which manages the country's state-owned oil industry, expects oil production to reach 40 billion barrels by 2010 through a combination of domestic and foreign investments.

CENTERFORSECURITYPOLICY: Dragon at the fount of Africa

In November 2004, China's Funsho Kupolokum announced a joint agreement with Nigerian National Petroleum Corporation (NNPC) to develop two oil blocks in the Chad Basin and construct a pipeline and refinery.

CENTERFORSECURITYPOLICY: The red continent?

Some lawmakers are calling for an inquiry into the oil sector, in particular the running of the state-owned Nigerian National Petroleum Corporation, widely perceived as the home of some of Nigeria's most explosive scandals - and the source of gigantic sums of money.

BBC: Open season on Nigeria's Obasanjo