How Crude Oil Swaps, OPAS Stalled NNPC Refinery Operations - Politics (2)

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How Crude Oil Swaps, OPAS Stalled NNPC Refinery Operations - Politics (2) - Nairaland

Nairaland Forum / Nairaland / General / Politics / How Crude Oil Swaps, OPAS Stalled NNPC Refinery Operations (22639 Views)

NNPC Refinery Loses 2billion Naira To Illegal Tappers / Saraki And Ekeweremadu's Forgery Trial Stalled In Abuja / Kachikwu Invites Traders On Oil Swaps, Opas, Funds Recovery (2) (3) (4)

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Re: How Crude Oil Swaps, OPAS Stalled NNPC Refinery Operations by politricks: 2:14pm On Jun 21, 2015

Rilwayne001:

Where is bacanister

You know this is not his kind of thread

10 Likes

Re: How Crude Oil Swaps, OPAS Stalled NNPC Refinery Operations by Nobody: 2:14pm On Jun 21, 2015

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. 1bbl = 151.4 litres. (445,000 x 151 = 67mil litres of locally produced fuel).

If our refineries work at full capacity, we will turn out 67mil litres per day, use 40mil litres for local consumption and still have surplus 27mil 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.

the combined capacity is 19million litres p/d but Nigeria consumes 40million litres p/d which means the shortfall has to be imported and there is still need for subsidy.

I want Diezani prosecuted for the mismanagement she did

1 Like 1 Share

Re: How Crude Oil Swaps, OPAS Stalled NNPC Refinery Operations by jpphilips(m): 2:15pm On Jun 21, 2015

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. 1bbl = 151.4 litres. (445,000 x 151 = 67mil litres of locally produced fuel).

If our refineries work at full capacity, we will turn out 67mil litres per day, use 40mil litres for local consumption and still have surplus 27mil 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.

Liters of crude oil does not automatically equate to Liters of petroleum derivative.

3 Likes 1 Share

Re: How Crude Oil Swaps, OPAS Stalled NNPC Refinery Operations by 989900: 2:20pm On Jun 21, 2015

Special thanks to all those that voted out the past administration.

Ah!

11 Likes

Re: How Crude Oil Swaps, OPAS Stalled NNPC Refinery Operations by Btruth: 2:20pm On Jun 21, 2015

That woman call Allison should rot in jail for her wicked behaviour. How can someone be so cruel like this? Her behaviour has pass more than "the love of money". I think she was just been wicked, if a director in the NNPC can be secretly be performing an overhauling of the refineries without his minister been aware, that means that the minister was been evil. And I assumed she was/is not a good mother.

lipsrsealed

8 Likes

Re: How Crude Oil Swaps, OPAS Stalled NNPC Refinery Operations by Champele(m): 2:21pm On Jun 21, 2015

PRESIDENT BUHARI should just probe NNPC,and please dont let the NASS do that before you or ghana must go will change hands,thereby giving them opportunity to enrich themselves.even BEN BRUCE LEE can not turn down the kind of bribe that wil be offered.

6 Likes

Re: How Crude Oil Swaps, OPAS Stalled NNPC Refinery Operations by Inception(m): 2:21pm On Jun 21, 2015

Re: How Crude Oil Swaps, OPAS Stalled NNPC Refinery Operations by Tee999: 2:22pm On Jun 21, 2015

All those found in NNPC fraud should not escape jail especially that frog eye woman.

1 Like

Re: How Crude Oil Swaps, OPAS Stalled NNPC Refinery Operations by pure2012soul(m): 2:22pm On Jun 21, 2015

DSS and EFCC should be unleashed on these blood sucking demo.ns that have been bleeding us dry. No wonder Prof Tam David West claimed that petrol could be sold at #40 a litre.

5 Likes

Re: How Crude Oil Swaps, OPAS Stalled NNPC Refinery Operations by 989900: 2:23pm On Jun 21, 2015

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. 1bbl = 151.4 litres. (445,000 x 151 = 67mil litres of locally produced fuel).

If our refineries work at full capacity, we will turn out 67mil litres per day, use 40mil litres for local consumption and still have surplus 27mil 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.

Wrong calculation.

At full functionality, we will be getting between 22-32m litres of PMS . . . depending on what the distillation process is optimized for.

BTW, we do not consume 40m litres/day. That's a big fat lie by NNPC!

14 Likes 2 Shares

Re: How Crude Oil Swaps, OPAS Stalled NNPC Refinery Operations by chinae(m): 2:24pm On Jun 21, 2015

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. 1bbl = 151.4 litres. (445,000 x 151 = 67mil litres of locally produced fuel).

If our refineries work at full capacity, we will turn out 67mil litres per day, use 40mil litres for local consumption and still have surplus 27mil 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.

there are oda products apart from petrol dat u get while refining crude, nd also waste products. these are what accounted for the short value of gaining 19mil litres pd.

1 Like

Re: How Crude Oil Swaps, OPAS Stalled NNPC Refinery Operations by 989900: 2:26pm On Jun 21, 2015

Despite the subsisting contract, the operator was not allowed to lift crude oil to the refineries since last year but continues to be paid by NNPC.

#freemoney shocked

This are the only type of people that can be yelling 'GEJ till 2019', that I can relate to.

However, to have same set of people that their lives are being mortgaged yelling 'GEJ till 2019' for sentimental reasons, is so sooo sad.

13 Likes

Re: How Crude Oil Swaps, OPAS Stalled NNPC Refinery Operations by JoBabs(m): 2:27pm On Jun 21, 2015

Re: How Crude Oil Swaps, OPAS Stalled NNPC Refinery Operations by GogetterMD(m): 2:29pm On Jun 21, 2015

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. 1bbl = 151.4 litres. (445,000 x 151 = 67mil litres of locally produced fuel).

If our refineries work at full capacity, we will turn out 67mil litres per day, use 40mil litres for local consumption and still have surplus 27mil 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.

It's not the entire 445,000, barrels that would be distilled to PMS, you seem to forget that

1 Like

Re: How Crude Oil Swaps, OPAS Stalled NNPC Refinery Operations by 989900: 2:30pm On Jun 21, 2015

Where are all those GEJ apologists?

3 Likes

Re: How Crude Oil Swaps, OPAS Stalled NNPC Refinery Operations by Nobody: 2:31pm On Jun 21, 2015

honeric01:
Imagine internal sabotage by the same govt!

My thoughts exactly.

Infact.....PDP lost the election because they sabotaged themselves....not because of any born to rule story.

Honestly speaking....GEJ had a lot of enemies......and they were not all from the Nawth.

6 Likes 1 Share

Re: How Crude Oil Swaps, OPAS Stalled NNPC Refinery Operations by Nobody: 2:37pm On Jun 21, 2015

My people, my people.. Can we all agree that the Hero's administration was indeed a hero to those evil people whom he shielded while they looted this country dry with impunity and no conscience?

If breast cancer no kill that frog eyed damsel, make she come amswer question

4 Likes

Re: How Crude Oil Swaps, OPAS Stalled NNPC Refinery Operations by shomutuski(m): 2:40pm On Jun 21, 2015

NNPC spokesman said and I quote " the repairs have been ongoing, we don't want to make noise about it"
VERDICT: it sure looks like he was forced to say this word, to please someone that has a grand plan to catch thieves in the corporation.

4 Likes

Re: How Crude Oil Swaps, OPAS Stalled NNPC Refinery Operations by honeric01(m): 2:40pm On Jun 21, 2015

bushdoc9919:

My thoughts exactly.

Infact.....PDP lost the election because they sabotaged themselves....not because of any born to rule story.

Honestly speaking....GEJ had a lot of enemies......and they were not all from the Nawth.

They saw how weak he was and took advantage of him.

12 Likes

Re: How Crude Oil Swaps, OPAS Stalled NNPC Refinery Operations by jacksol(m): 2:42pm On Jun 21, 2015

I knew Nigeria couldn't have survived another 4yrs of PDP govt., and I used to have panic attacks just contemplating it.
God save Nigeria!

11 Likes 2 Shares

Re: How Crude Oil Swaps, OPAS Stalled NNPC Refinery Operations by obailala(m): 2:45pm On Jun 21, 2015

...and I keep wondering, what would have been the fate of Nigeria if GEJ was allowed to continue his transformtion till 2019?

God truly loves us more than we love ourselves.

11 Likes

Re: How Crude Oil Swaps, OPAS Stalled NNPC Refinery Operations by Utchman1: 2:45pm On Jun 21, 2015

GEJ and Deziani should be shot dead.

There is no way he was not involved in this.

8 Likes 1 Share

Re: How Crude Oil Swaps, OPAS Stalled NNPC Refinery Operations by Nobody: 2:47pm On Jun 21, 2015

People are just making noise. It was the same Jonathan that ordered for the probe of Swap/OPAs. It was the same allison that wrote EFCC to institute the probe. We are yet to see Buhari's input. If anything comes out of the probe, we shall know who the perpetrators are. APC cannot use propaganda to shout when GEJ was determined to purge NNPC.

5 Likes

Re: How Crude Oil Swaps, OPAS Stalled NNPC Refinery Operations by TheOtherview: 2:50pm On Jun 21, 2015

barcanista:
People are just making noise. It was the same Jonathan that ordered for the probe of Swap/OPAs. It was the same allison that wrote EFCC to institute the probe. We are yet to see Buhari's input. If anything comes out of the probe, we shall know who the perpetrators are. APC cannot use propaganda to shout when GEJ was determined to purge NNPC.

11 Likes

Re: How Crude Oil Swaps, OPAS Stalled NNPC Refinery Operations by Anyi3(m): 2:52pm On Jun 21, 2015

And someone is supporting paying the militants and thugs to protect our pipelines. Yet see the pipelines still getting vandalised.

Dem no de use cat guard fish angry

3 Likes

Re: How Crude Oil Swaps, OPAS Stalled NNPC Refinery Operations by OrlandoOwoh(m): 2:52pm On Jun 21, 2015

Thank goodness the curse of Jonathan was finally put to an end on May 29.
God bless the President.

2 Likes

Re: How Crude Oil Swaps, OPAS Stalled NNPC Refinery Operations by atlwireles: 2:55pm On Jun 21, 2015

Extensive interviews with officials of NNPC and industry operators revealed that contrary to the perception that has been created for some time that the nation’s four refineries were operating at suboptimal capacity, thus necessitating the massive importation of petroleum products, certain elements within the system, with endorsement of the former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, ensured that the refineries were starved of crude oil.

That's why Abacha, Obj, Yarauda imported fuel, because GEJ and Diezani wanted to pay subsidy on their behalf. This will end up like 99% of APC propaganda stories, Nigerians you people are in for 4 years of hell. July is less than 10 days away, we will be waiting for the petrol coming from the refineries. grin

4 Likes

Re: How Crude Oil Swaps, OPAS Stalled NNPC Refinery Operations by 989900: 2:56pm On Jun 21, 2015

barcanista:
People are just making noise. It was the same Jonathan that ordered for the probe of Swap/OPAs. It was the same allison that wrote EFCC to institute the probe. We are yet to see Buhari's input. If anything comes out of the probe, we shall know who the perpetrators are. APC cannot use propaganda to shout when ~~GEJ was determined to purge NNPC~~.

Seriously?!

7 Likes

Re: How Crude Oil Swaps, OPAS Stalled NNPC Refinery Operations by doctokwus: 2:57pm On Jun 21, 2015

Reading through this entire story, from ThisDay,a pro PDP newspaper,leaves one speechless.
,What that govt did to this country is pure wickedness because in all honesty there are a lot of ways to make money in the Nigerian type of govt administration, without this deliberate attempt,to ground operations of a major Nigerian corporation.
For all those calling for the head of Diezanni alone,I liken to playing the ostrich.If anybody understands how executive govts work,it would be quite obvious that GEJ was neck and even foot deep in the grandtheft of our resources. That man was a curse.
I believe PMB would be having sleepless nights on how to deal with GEJ with the revelations he would get from the man's grand corruption.Its a tough call.

13 Likes 1 Share

Re: How Crude Oil Swaps, OPAS Stalled NNPC Refinery Operations by olaide721(m): 2:57pm On Jun 21, 2015

Now some idiotic Tanoids,PDP will come here saying a lot of rubbish dt BUHARI is not working if he is not how come we are having all secrete open now? Tanoid and PDP answer us nah lalasticala or what did u call ursef are u there defend ur pple nah

I pity all of u God is watching u with all ur false information
#ihavedecided#

6 Likes

Re: How Crude Oil Swaps, OPAS Stalled NNPC Refinery Operations by koboko69: 3:06pm On Jun 21, 2015

989900:

Wrong calculation.

At full functionality, we will be getting between 22-32m litres of PMS . . . depending on what the distillation process is optimized for.

BTW, we do not consume 40m litres/day. That's a big fat lie by NNPC!

As in ehn. When I saw 40m litres/day "Afraid catch me".

I am sure if the refineries are fully functional....we just need about 20% importation.

2 Likes

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