docadams:


Must u be this negative all your life? If it's only 1m liters that is forced out from the vice grip of this evil oil cabal, isn't it a step in the right direction?
May be you have never been exposed to real due process since time of your birth.

Imokay:


Conversion rate for petrol (gasoline) averages 45 - 51% with cracking by FCCU, Diesel will be like 20 - 25%
Out of 71 million litres of crude daily that should give about 32 million litres of petrol alone.

MaziOmenuko:
The probe on NNPC has not even been commissioned yet and they are squealing already!

Its amazing how the operations of NNPC that had always been shrouded in secrecy is being openly and generously shared with the media. NNPC seems to be over-willing to talk to the press and release info after operating like a secret cult for years.

Note that the combined capacity of our refineries happens to be 445,000 barrels per day. Together with other by-products, we can get up to 50mil litre per day for local consumption.

If our refineries work at full capacity, we will turn out 50mil litres per day, use 40mil litres for local consumption and still have surplus 10mil litres to export.

So when president Buhari said he doesn't understand the concept of 'subsidy' he knows exactly what he is saying. NNPC knows this and that's why they are now willing to do the right thing. It would have been business as usual if GEJ had won. They would have continued their unending promises of fixing the refineries to no end.

I keep saying, subsidy was and still remains a scam.

IsraeliAIRFORCE:


Sister, forget about all the jargons blown in the article. The valid reason was given which needed a turn around maintenance to correct which is: “When the crude oil got to the refineries, the Fluid Catalytic Cracking (FCC) units were not working, so we were getting mainly base oils such as naphtha, low pour fuel oil (LPFO), kerosene and diesel."

Cargoed:
A lot of people forget the election and campaign is over. It is time to work this blame game is only waisting more time.

I have a question:
1) Why did the refinery run down in the first place.
2) Why was there a decision to privatise it
3) Why did Dangote refuse to buy it.

Answer these and we can progress. Business and Politics are 2 different things.

If you keep NNPC you cannot differentiate b/w stealing and corruption

kaboninc:


Who is going to give you 7 million liters of crude daily?

kaboninc:


Who is going to give you 71 million liters of crude daily?

OkikiOluwa1:
i must read before i comment.

Last Bullet
After reading, here's my comment:
Alison Madueke should be
* Jailed for 4 years with 1 square meal per day
* Released & put in house detention for 3 years
* All her properties acquired within 2011 - 2014 should be taken & sold by the govt to finance Nigeria.

* Dazz all!

jpphilips:



That is about 455,128bbls, is it too hard to find?

So funny how you shamelessly echoed the same question you were asked on the other thread.

Now you know that sourcing for refining oil is a problem in Nigeria, I hope to get paid for opening your Agidi blocked eyes, ode!!

dustmalik:
Thank God GEJ lost his second term bid. if not, this country would be headed to the point of no return.

Cc: lalasticlala

simpleseyi:


Just last night when GEJ remembered that he has children and he will one day have grandchildren and great-grandchildren in Nigeria, he thanked God that he lost the election because he realized that if he leads Nigeria for another 4 years, there would be no Nigeria for his children and children's children.