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Nairaland Forum / Nairaland / General / Politics / Forcados Break Denies NPDC N60bn Oil Revenue In Three Months (7613 Views)
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Re: Forcados Break Denies NPDC N60bn Oil Revenue In Three Months by mousco(m): 9:10am On Jun 14, 2016 |
So Forcados brings dis kind of money and u stupid pipo cannot develop forcado area Na una greed (NPDC) Put una for where una dey so Rubbish |
Re: Forcados Break Denies NPDC N60bn Oil Revenue In Three Months by 1b8m: 9:13am On Jun 14, 2016 |
Turning and turning in the widening gyre The falcon cannot hear the falconer; Things fall apart; the centre cannot hold; Mere anarchy is loosed upon the world, The blood-dimmed tide is loosed, and everywhere The ceremony of innocence is drowned; The best lack all conviction, while the worst Are full of passionate intensity Surely some revelation is at hand; Surely the Second Coming is at hand. The Second Coming! Hardly are those words out When a vast image out of Spiritus Mundi Troubles my sight: somewhere in sands of the desert A shape with lion body and the head of a man, A gaze blank and pitiless as the sun, Is moving its slow thighs, while all about it Reel shadows of the indignant desert birds. The darkness drops again; but now I know That twenty centuries of stony sleep Were vexed to nightmare by a rocking cradle, And what rough beast, its hour come round at last, Slouches towards Bethlehem to be born? could ipob be the beast? could the indignant birds be bokoharam, fulani herds men and NDA? could "the centre" be nigeria? could our junketeering president be the falcon who cant hear the falconer (advicers)? is the second coming a prophesy? |
Re: Forcados Break Denies NPDC N60bn Oil Revenue In Three Months by jozee8: 9:44am On Jun 14, 2016 |
NwaEzefuNaMba:chai epain am : |
Re: Forcados Break Denies NPDC N60bn Oil Revenue In Three Months by Deen77: 9:58am On Jun 14, 2016 |
STFUand4kMeHARD: If Jonathan don't restructure, Buhari should now restructure. If is me, I will finish my term because I did not campaign to restructure by fire by force. |
Re: Forcados Break Denies NPDC N60bn Oil Revenue In Three Months by phenase(m): 11:33am On Jun 14, 2016 |
As OPEC welcomes timing of nation’s oil outages
Chineme Okafor in Abuja
The Nigerian Petroleum Development Company
(NPDC) has failed to earn up to N60 billion oil
sales revenue in three months due to delay in the
repair of the vandalised Forcados crude oil export
line, the Nigerian National Petroleum Corporation
(NNPC) has said.
The NDPC is the exploration and production
subsidiary of the NNPC. The corporation disclosed
this in the April 2016 edition of its monthly
operations and financial report which was released
last week.
It maintained that up till now, the export line, which
was vandalised in February with 300,000 barrels per
day (bpd) of crude oil production deferred, was still
down, three months after.
The Shell Petroleum Development Company of
Nigeria Limited (SPDC) had on February 21 2016,
declared a force majeure on oil liftings from
Forcados following the February 14, 2016 disruption
in terminal’s subsea crude export pipeline.
But following from NNPC’s disclosure in its latest
publication that NPDC was still unable to earn N20
billion monthly oil income because of the
development, in addition to the last two
publications for February and March which THISDAY
reviewed, it was discovered that NPDC may have
cumulatively lost N60 billion within the three
months.
In February, NNPC said in the report: “The huge
deficit in the month of February 2016 was due to
production shut-in occasioned by vandalism of
Forcados export line. This situation denied NPDC
the opportunity to earn revenue from crude oil sales
of about ₦20 billion.”
In March, it stated: “Following the recent
declaration of force majeure by SPDC due to
vandalisation of 48 inch Forcados export line
resulted in production shut-in of about 300,000bpd.
This adversely impacted on nation’s February 2016
production leading to a loss of about N20 billion of
NPDC oil revenue.”
And in April, it explained: “NPDC’s crude sale for
the month is still hampered by Forcados pipeline
vandalism which continued to deny NPDC of
monthly crude oil revenue of about ₦20 billion.” I think , they have lost more than this. |
Re: Forcados Break Denies NPDC N60bn Oil Revenue In Three Months by bezimo(m): 2:04pm On Jun 14, 2016 |
MARKone: Oh Abacha.The man felt he can do and undo and was a god who can kill all his opposition but left the scene untimely, we all saw his disgraceful end. The Avengers determines what obtains in the Nigerian economy, either the govt come to the negotiation table or they continue to lose money.Its that simple. Its not by military invasion of the ND or by gragra or by your inconsequential opinion that the NDA can be subdued.It takes far more than that. |
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