Upstream/downstream Of The Oil Sector Jamb Economics Past Questions
Question 6
One of the roles of NNPC in the production and refining of crude oil is to?
- A. secure maximum government revenue and regulate price
- B. prevent the smuggling of petroleum products
- C. satisfy the domestic consumption of petroleum products
- D. protect the local operators in the petroleum industry
Question 7
The downstream activities of oil companies in Nigeria involve
- A. refining and distribution
- B. prospecting and exploration
- C. off-shore drilling
- D. management of spillage and pollution
Question 8
The distinction between onshore and offshore operations in oil exploration lies in the
- A. location of sites
- B. output generated
- C. size of production
- D. techniques of production
Question 9
The oil boom between 1970 - 1980 caused the oil sector to become____________
- A. the main source of government
- B. management of spillage and pollution
- C. protection to the local operators in the petroleum industry
- D. decrease in the rate of inflation
Question 10
Which of the following classes of goods accounts for largest proportion of Nigeria's imports?
- A. Food and animal products
- B. Consumers goods
- C. Chemicals
- D. Machinery and transport equipment
