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Trouble As China Dumps Nigerian Crude Oil - Business (2) - Nairaland

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India Seeks To Import 11m Metric Tonnes Of Nigerian Crude In 2017 / Crude Oil Price Rise After Russia Agrees To OPEC Talk / Nigeria: U.S. Organizes Global Boycott Of Nigerian Crude Oil (2) (3) (4)

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Re: Trouble As China Dumps Nigerian Crude Oil by MugabeRobert: 6:25pm On Jun 09, 2015
TRIBALSTOOGE:
lazy parasites cool cool

all they are thinking about is oil that they took by force after the civil war ,

and creating divisions among ethnic owners while they silently owed the 90% of oil well in our land .


we are mad and we want you to stop this stealing and stop this 1 Nigeria madness .


we don't want oil, we want our land back now for fishing and farming . we are peasants .

I gave you one Like.

We are cool.cool

3 Likes

Re: Trouble As China Dumps Nigerian Crude Oil by sambisa5: 6:26pm On Jun 09, 2015
Buhari which way?

1 Like

Re: Trouble As China Dumps Nigerian Crude Oil by atlwireles: 6:26pm On Jun 09, 2015
Buhari, I hope, will turn his eyes to China, that's the only Nation prepared to supply Nigeria all the cheap loans we need without asking for blood.

1 Like

Re: Trouble As China Dumps Nigerian Crude Oil by Nobody: 6:27pm On Jun 09, 2015
Hope this is not serious trouble enough for bubu.
ND guys will soon shut in the very few we produce also.
Nigerians, welcome to your chanjiii

2 Likes

Re: Trouble As China Dumps Nigerian Crude Oil by MugabeRobert: 6:30pm On Jun 09, 2015
atlwireles:


Before the man in Rivers,Akwa Ibom begins to suffer, please tell me what the man in Osun would be doing? Some of you are remarkably dumb.

Brouhaha!!

Don't be too hard on yourself, you can have your oyel.

You are becoming increasingly stupidd by every post. cheesy

1 Like

Re: Trouble As China Dumps Nigerian Crude Oil by atlwireles: 6:32pm On Jun 09, 2015
MugabeRobert:


Brouhaha!!

Don't be too hard on yourself, you can have your oyel.

You are becoming increasingly stupidd by every post. cheesy


Do you have anything to contribute to the topic of the thread? Check around, you will find enough threads, where you can spread your tribal muscle.

15 Likes

Re: Trouble As China Dumps Nigerian Crude Oil by Nobody: 6:32pm On Jun 09, 2015
Anyi3:


Definitely I agree Buhari should start shopping for replacement. The OP blamed the refusal to buy crude oil solely on Nigeria frolicking with the US. I just pointed out this is not true.


Now we are supposedly frolicking with the US, why don't they start buying our crude oil again na? The first and foremost thing for every country is to seek how to progress. The main reason China is ignoring our crude is because they don't need it that much again, simple and short.
In terms of global politics and Russia-Europe-China-USA relations, trust me Nigeria is virtually non-existent

Who is this dude? Are you a child?
Just the same way the US said they don't need our oil anymore cos they now have shale oil, yet they keep buying from the Saudis in Millions.
Wake up bro and start planting cocoa or cassava.
No more free meals for the monkeys

7 Likes

Re: Trouble As China Dumps Nigerian Crude Oil by Nobody: 6:33pm On Jun 09, 2015
MugabeRobert:


I gave you one Like.

We are cool.cool


oh alright . wink

1 Like 2 Shares

Re: Trouble As China Dumps Nigerian Crude Oil by MugabeRobert: 6:38pm On Jun 09, 2015
atlwireles:


Do you have anything to contribute to the topic of the thread? Check around, you will find enough threads, where you can spread your tribal muscle.

Mu he he he he.. . . .

We go soon drink our oyel cool grin grin

By the way, when did you start caring about Nigeria? cool

Jungle don mature? Ya oyel don turn to toilet paper? Sorry ooo.

2 Likes

Re: Trouble As China Dumps Nigerian Crude Oil by atlwireles: 6:41pm On Jun 09, 2015
[s]
MugabeRobert:


Mu he he he he.. . . .

We go soon drink our oyel cool grin grin

By the way, when did you start caring about Nigeria? cool

Jungle don mature? Ya oyel don turn to toilet paper? Sorry ooo.

[/s]

9 Likes

Re: Trouble As China Dumps Nigerian Crude Oil by TheFreeOne: 6:42pm On Jun 09, 2015
This is definitely not a good development for nigeria undecided
Re: Trouble As China Dumps Nigerian Crude Oil by dlox147(m): 7:02pm On Jun 09, 2015
Ikenna351, OAM4J and Afam4eva we need more traffic here to get more discussions on this topic..tnx
Re: Trouble As China Dumps Nigerian Crude Oil by Anyi3(m): 7:07pm On Jun 09, 2015
AhmedMustapha:

So they shouldn't protect their interests

You probably didn't follow my argument with others above. I meant everybody is protecting their interests. And the one interest everybody protects is money they earn. There is absolutely nothing wrong in protecting yourself.

Gabbysky:

Who is this dude? Are you a child?
Just the same way the US said they don't need our oil anymore cos they now have shale oil, yet they keep buying from the Saudis in Millions.
Wake up bro and start planting cocoa or cassava.
No more free meals for the monkeys

Yup another person who likes conspiracy theories. Let me ignore your "child" slur and respond to your post.
Each country does what earns it money. As for US-Saudi oil deal, look at this link
http://www.wallstreetdaily.com/2014/11/07/u-s-saudi-arabia-oil/
A quick quote from the story
"Indeed, the Saudis are dropping their prices for oil exported to the United States so low that it’s cheaper for us to import foreign oil than use our own." The Saudis are willing to do this because they already have enough cash reserve and still want the world dependent on them for oil.
If you think it's solely because of gay-marriage that made US quit buying from Nigeria, How likely do you see Saudi-Arabia saying yes to gay rights. I agree that the gay-rights thing is also an emotional trigger that made US quit buying from Nigeria but people really need to understand it's simply because of money that many people do things.

10 Likes

Re: Trouble As China Dumps Nigerian Crude Oil by ROYALTIPPERS: 8:23pm On Jun 09, 2015
NAIRALANDERS PLEASE BEWARE OF EILENTRUST (A DATA SELLER), HIS NOW SHOWING HIS TRUE COLOR; A FRAUDSTER. TRANSFERRED MONEY TO HIS ZENITH BANK ACCOUNT FOR MORE THAN 3 DAYS NOW.
HE HAS REFUSED TO ACKNOWLEDGE THE TRANSFER, AND NO LONGER PICKING HIS CALLS.

BEWARE OF THIS FRAUDSTER. THEY DECEIVE PEOPLE BY INITIALLY WINNING THEIR TRUST, THEN START DEFRAUDING NAIRALANDERS.


BEWARE.

6 Likes 1 Share

Re: Trouble As China Dumps Nigerian Crude Oil by AreaFada2: 8:27pm On Jun 09, 2015
DickDastardly:
Mogbe! shocked
I think Nigeria just 'CHANGEd' from frying pan to fire.
APC what have you people brought upon Nigeria.
.

Lol. This might be best piece of good news for a long time.

No more reliance on oil. Osun case of not being able to workers could become a nationwide thing.

I think it's time to get hoe & cutlass (or tractor if you can afford it) and head back to the farm.

Farming to export food might be the way forward.

If oil money seriously declines further, let's see if Nigeria can continue as one. If the "oil glue" will hold.

2 Likes

Re: Trouble As China Dumps Nigerian Crude Oil by loomer: 8:28pm On Jun 09, 2015
Una neva see anything.
Re: Trouble As China Dumps Nigerian Crude Oil by sukkot: 8:33pm On Jun 09, 2015
this is great news. now only the innovatiive will eat. i get tired of hearing about someone stealing billions of oil money

5 Likes

Re: Trouble As China Dumps Nigerian Crude Oil by AreaFada2: 8:34pm On Jun 09, 2015
Gabbysky:


Who is this dude? Are you a child?
Just the same way the US said they don't need our oil anymore cos they now have shale oil, yet they keep buying from the Saudis in Millions.
Wake up bro and start planting cocoa or cassava.
No more free meals for the monkeys
.

Lol.

Well, if Buhari takes instructions from them for long enough, they might resume buying.

Anyone who keeps relying on the West is on a long thing.

1 Like

Re: Trouble As China Dumps Nigerian Crude Oil by Notion(m): 8:34pm On Jun 09, 2015
This is kind of bad development for Nigeria....
Re: Trouble As China Dumps Nigerian Crude Oil by Dollyak(f): 8:35pm On Jun 09, 2015
MugabeRobert:
Good, time to drink your worthless oyel. The only people keeping crude oil prices high are the Saudis aka US puppets.



Saudi are one of the guys keeping it low. They have repeatedly refused to cut their production to kick shale gas off market

1 Like

Re: Trouble As China Dumps Nigerian Crude Oil by 989900: 8:36pm On Jun 09, 2015
We would find some other buyer -- no doubt.
There is nothing as good as being independent.
By now, we should be massively exporting refined products, totally controlling the West African market.
Refined products don't have the OPEC cap that raw crude has, and it is more profitable.
Time to roll up our sleeves.


2 million barrels/day of crude is too little in the first place for a country of Nigeria's size to be proud of selling.

If countries like Malaysia, Singapore, Japan, with nothing on us in terms of oil reserves can be refining (for local consumption and export) excess of 1.5m-3.5m barrels/day of refined products (which fetches more), WTF are we doing collecting peanuts on crude?!

If we didn't stop growing in 1984 (in that dept.), and mean business, we should be refining well in excess of 3.5m barrels/day by now + whatever amount of crude we sell . . . we'r talking probably earning 5-7 times whatever we'r earning right now in that dept alone.

We'r talking jobs, infrastructure, prosperity -- and of course more loot for our gluttonous polithiefians.

14 Likes 2 Shares

Re: Trouble As China Dumps Nigerian Crude Oil by Dollyak(f): 8:38pm On Jun 09, 2015
atlwireles:


China is buying more than 50% of Angolan crude, both products are almost the same. As we speak today, the President of Angola is in China for a $25B package. Keep waiting on Obama and Cameron , all you get are photo ups and a good handshake.
Both are actually not the same. Ours is more expensive refined products

1 Like

Re: Trouble As China Dumps Nigerian Crude Oil by omojeesu(m): 8:39pm On Jun 09, 2015
China knows what she wants. They see the direction that the new government is going and they are not comfortable with it in their national interest. We can't blame them. As for the West, I'm sceptical about their support! God help us!
Re: Trouble As China Dumps Nigerian Crude Oil by juman(m): 8:40pm On Jun 09, 2015
Morning is dawn on the useless nigerian "leaders". grin grin grin

Country of bad leaders.

grin grin grin

The money this country got in last 16 years was enough to stand this country on its four legs.

2 Likes

Re: Trouble As China Dumps Nigerian Crude Oil by StOla: 8:41pm On Jun 09, 2015
Yet some Niger Delta youths threatened they will ensure that Dangote does not buy NigerDelta oil for his Lagos based refinery.

I said then that Dangote can buy his raw material from wherever he likes. NigerDelta which gets 13% derivation and Nigeria should be the ones begging Dangote that he must buy Nigerian crude for his Lagos refinery.

When there's no demand, let's see where the petro-dollars will appear from to fight over.

An investor with alternative sources of crude begging for attention can never be threatened by people who need his money more than he needs their oil.

3 Likes

Re: Trouble As China Dumps Nigerian Crude Oil by amalder: 8:41pm On Jun 09, 2015
Anyi3:
It's a wonder this OP didn't even read his link
You just rushed to fish out the political side to just heat up things.

If you read the two quotes below in that article, you would have understood better. Nigeria's crude is light.

"China likes crude oil that is heavy and sweet, as it fits the appetite of its refineries that produce a lot of fuel oil to keep its industrial and manufacturing economy running, according to a data from the US Energy Information Administration, EIA."

"Consequently, China ignores Nigerian crude for now, as their demand for light sweet crude oil is very sparse."
but they have been buying it

2 Likes

Re: Trouble As China Dumps Nigerian Crude Oil by ifihearam: 8:42pm On Jun 09, 2015
Ifyikillz:
Some goats will blame buhari

No they should blame your father or GEJ

2 Likes

Re: Trouble As China Dumps Nigerian Crude Oil by Dollyak(f): 8:42pm On Jun 09, 2015
AreaFada2:
.

Lol. This might be best piece of good news for a long time.

No more reliance on oil. Osun case of not being able to workers could become a nationwide thing.

I think it's time to get hoe & cutlass (or tractor if you can afford it) and head back to the farm.

Farming to export food might be the way forward.

If oil money is seriously declines, let's see if Nigeria can continue as one. If the "oil glue" will hold.
I agree

1 Like

Re: Trouble As China Dumps Nigerian Crude Oil by Nobody: 8:44pm On Jun 09, 2015
dlox147:
I strongly believe the recent romance with the west and USA is responsible for this action as China who happens to be Nigeria's biggest FDI and crude oil buyers have been ignored by the Buhari lead govt.

I don't get his romance with the USA when they have stopped buying our crude and any trade partnership with them will be to their advantage and not ours.

Nigeria has a lot to do to woo buyers following the decision of China to ignore crude from Nigeria. This is happening at a time when the country has become the biggest casualty of the rising United States shale oil production.





http://www.vanguardngr.com/2015/06/nigeria-looks-for-buyers-as-china-ignores-crude/

Good News, at least them go let our land b,,

1 Like

Re: Trouble As China Dumps Nigerian Crude Oil by Bizibi(m): 8:46pm On Jun 09, 2015
This is political..... They are not too sure of the present govt,the Chinese can be difficult in oil deals but they were really Nigeria's biggest buyer.....
Re: Trouble As China Dumps Nigerian Crude Oil by Chubhie: 8:46pm On Jun 09, 2015
MyPWisINCORRECT:
[size=15pt]We can sell our Bonny Light Crude to Tinubu.

Shei he is interested in soaking himself in oil? He can as well use it to oil his ailing political machinery[/size]
This cracked me up!

1 Like

Re: Trouble As China Dumps Nigerian Crude Oil by Nobody: 8:46pm On Jun 09, 2015
@OP, the Chinese are crazy. Our vessels are still in China.

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