Atiku said he was going sell this fraud, we said no.
1. NNPC is the clog in the full liberalization of the oil sector in this country.
2. Few people in Nigeria are the only ones benefiting from NNPC at the detriment of Nigerians.
3. If NNPC is sold today, private refineries will spring up from tomorrow everywhere in this country by tomorrow, producing petroleum products and selling and competitive prices against each other.

And what happens in the end? Nothing.

Hopefully it gets to $0 profit soon so that there would no longer by any easy money to loot.

apache22b:
This Government of Buhari is so dumb and i am ecstatically delighted and disproportionately flabbergasted with enormous gratification and appreciation for the dispensation of such a tendering and mesmerizing information in which the prestidigitation of the concurrent and subsequent matter is thoroughly demonstrated through the innuances alluding to literal and metaphorical context. It is highly imperative to note that, such is the significance of the aforementioned, distortion in any shape or form will result in catastrophic ramifications to which will be the outcome of epic proportions. I thank you for your unequivocal.

Bros calm down abeg

And your still in Nigeria

apache22b:
This Government of Buhari is so dumb and i am ecstatically delighted and disproportionately flabbergasted with enormous gratification and appreciation for the dispensation of such a tendering and mesmerizing information in which the prestidigitation of the concurrent and subsequent matter is thoroughly demonstrated through the innuances alluding to literal and metaphorical context. It is highly imperative to note that, such is the significance of the aforementioned, distortion in any shape or form will result in catastrophic ramifications to which will be the outcome of epic proportions. I thank you for your unequivocal.

Cost of production. We need to drag those oil companies into this too.

AllenSpencer:
Nigeria needs to be sold and we share the money the money amongst ourselves.

Even if it is sold they will steal embezzle the money

Slawormir:


My niggarrr
I must tell you
You need to slow down
No matter the amount of weed we smoke we can never be the most high. Only Jah( God) is the most high

NO basis for comparison
You cannot realistically compare the cost of off-shore drilling with onshore

The corruption in this country is truly and enormously fantastic.

Mikeshine:


Even if it is sold they will steal embezzle the money

At a time, but we still be guaranteed of a better life.

corruption

apache22b:
This Government of Buhari is so dumb and i am ecstatically delighted and disproportionately flabbergasted with enormous gratification and appreciation for the dispensation of such a tendering and mesmerizing information in which the prestidigitation of the concurrent and subsequent matter is thoroughly demonstrated through the innuances alluding to literal and metaphorical context. It is highly imperative to note that, such is the significance of the aforementioned, distortion in any shape or form will result in catastrophic ramifications to which will be the outcome of epic proportions. I thank you for your unequivocal.

i quite agree with you.

ddippset:
So many fools in this country.

Imagine someone even saying Buhari should hurry up and diversify the country.

As if diversification is like fuccking Olosho for a very very long duration of 2 mins.


We have finally seen how useless this zoo we call our country is.

For years we have been doing nothing but collect oil money.

Bunch of clowns

apache22b:
This Government of Buhari is so dumb and i am ecstatically delighted and disproportionately flabbergasted with enormous gratification and appreciation for the dispensation of such a tendering and mesmerizing information in which the prestidigitation of the concurrent and subsequent matter is thoroughly demonstrated through the innuances alluding to literal and metaphorical context. It is highly imperative to note that, such is the significance of the aforementioned, distortion in any shape or form will result in catastrophic ramifications to which will be the outcome of epic proportions. I thank you for your unequivocal.

What you wrote is complete nonsense!

apache22b:
This Government of Buhari is so dumb and i am ecstatically delighted and disproportionately flabbergasted with enormous gratification and appreciation for the dispensation of such a tendering and mesmerizing information in which the prestidigitation of the concurrent and subsequent matter is thoroughly demonstrated through the innuances alluding to literal and metaphorical context. It is highly imperative to note that, such is the significance of the aforementioned, distortion in any shape or form will result in catastrophic ramifications to which will be the outcome of epic proportions. I thank you for your unequivocal.

I hail u

apache22b:
This Government of Buhari is so dumb and i am ecstatically delighted and disproportionately flabbergasted with enormous gratification and appreciation for the dispensation of such a tendering and mesmerizing information in which the prestidigitation of the concurrent and subsequent matter is thoroughly demonstrated through the innuances alluding to literal and metaphorical context. It is highly imperative to note that, such is the significance of the aforementioned, distortion in any shape or form will result in catastrophic ramifications to which will be the outcome of epic proportions. I thank you for your unequivocal.

go and sleep and wake up again...ode!!!!

ednut1:
Old wells, pipeline vandalism, government taxes as much as 85%, community settlement. Some kings get up to 1m dols a month. Etc. A disgrace of a country

It doesn't still add up to 21dolls for production of a barrel
Dont forget they r not drilling in the same field or well.
And some states are more friendly to iOCs than others, so why peg it at uniform rate?
Na we dey do ourselves

Thanks for COVID 19 for resetting their brains. If not COVID 19 that dropped oil to $25 nobody cares about dubious cost of production. Immagine the looting machine called minister still defending the undefendable.

Nigeria is finish, pls share thissssssssass country ooooooo

Everything about Nigeria stinks,but unfortunately the people seem to like the odour !

yaki84:

It doesn't still add up to 21dolls for production of a barrel

yes it does. The last one i calculated for my last client in Nigeria was 19 usd. When you add royalty, gas flaring penalties, maintenance costs, community settlements, pipeline costs and storage, expatriates, materials etc. Its over 20 dols per barrell. The company lost over a million barrels in 2019 to theft

apache22b:
This Government of Buhari is so dumb and i am ecstatically delighted and disproportionately flabbergasted with enormous gratification and appreciation for the dispensation of such a tendering and mesmerizing information in which the prestidigitation of the concurrent and subsequent matter is thoroughly demonstrated through the innuances alluding to literal and metaphorical context. It is highly imperative to note that, such is the significance of the aforementioned, distortion in any shape or form will result in catastrophic ramifications to which will be the outcome of epic proportions. I thank you for your unequivocal.

Buhari no sabi read English ooo... all this grammar will just make him laugh and say “dis fiffle neva serious fah!!”

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Now we know how some people are raking in billions...
Why the abnormal high cost of production.....see thieves

The write up is a fake article, the cost of production is high in Nigeria due to the nature of our oil.

.

ednut1:
yes it does. The last one i calculated for my last client in Nigeria was 19 usd. When you add royalty, gas flaring penalties, maintenance costs, community settlements, pipeline costs and storage, expatriates, materials etc. Its over 20 dols per barrell. The company lost over a million barrels in 2019 to theft

Outside community settlements, the other fees are or should be applicable to other foreign countries that drill too. Why is ours still on the high side, or is the community settlement so big that we can't see?
Are u saying saudis don't maintain their storage facilities or pipelines, dont they pay expatriates, don't they pay royalty or gasflaring penalties too?

apache22b:
This Government of Buhari is so dumb and i am ecstatically delighted and disproportionately flabbergasted with enormous gratification and appreciation for the dispensation of such a tendering and mesmerizing information in which the prestidigitation of the concurrent and subsequent matter is thoroughly demonstrated through the innuances alluding to literal and metaphorical context. It is highly imperative to note that, such is the significance of the aforementioned, distortion in any shape or form will result in catastrophic ramifications to which will be the outcome of epic proportions. I thank you for your unequivocal.

Oga u dey vex oh

Bad ASS Niggarz Are there for their pocket, to buy expensive houses, Cars n what have you, home and Away.

I swear you are spitting balls outta your mouth

apache22b:
This Government of Buhari is so dumb and i am ecstatically delighted and disproportionately flabbergasted with enormous gratification and appreciation for the dispensation of such a tendering and mesmerizing information in which the prestidigitation of the concurrent and subsequent matter is thoroughly demonstrated through the innuances alluding to literal and metaphorical context. It is highly imperative to note that, such is the significance of the aforementioned, distortion in any shape or form will result in catastrophic ramifications to which will be the outcome of epic proportions. I thank you for your unequivocal.

yes o senate would kick because the high production cost is reducing their share of the national cake. once they can reduce the cut the savings derived can be channelled into their pockets. this i exactly what they are thinking the cost savings has nothing to do with the average nigerian

3 major differences:

1. Production levels per day are a lot higher than Nigeria: Economies of Scale. Russia is about 11m and Saudi Arabia is 12m while Nigeria is barely 2m.

2. Better infrastructure in place.

3. Falsification of production costs (higher then actual) to encourage corruption and malfeasance.