*"Privatised Saudi Arabia Aramco Declares $111bn Profits, NNPC Declares Loss Of $1.8b For 2018.
Was Atiku Right or Wrong?"*

"Only Fools Argue With Facts"!

That's the right thing to do. A serious government will privatize nnpc.

Saudi Aramco is not privatized. It is 100% owned and operated by Saudi Government.

How about you all read rather than sharing junk

Only Backwards illiterate uninformed almajiri voted buhari

kayfra:
Saudi Aramco is not privatized. It is 100% owned and operated by Saudi Government.

How about you all read rather than sharing junk

Nnpc is recording loss. That's the main point

MXrep:

Nnpc is recording loss. That's the main point

That still doesn't make Saudi Aramco a private company. That's just fake news

Buhari rigged himself into power

kayfra:
Saudi Aramco is not privatized. It is 100% owned and operated by Saudi Government.

How about you all read rather than sharing junk

Read below and be wise for once;


Refining and chemicals

While the company did not originally plan on refining oil, the Saudi government wished to have only one company dealing with oil production. Therefore, on 1 July 1993, the government issued a royal decree merging Saudi Aramco with Samarec, the country's oil refining company. The following year, a Saudi Aramco subsidiary acquired a 40% equity interest in Petron Corporation, the largest crude oil refiner and marketer in the Philippines. Since then, Saudi Aramco has taken on the responsibility of refining oil and distributing it in the country.[10] In 2008, Saudi Aramco sold its entire stake to the Ashmore Group, a London-listed investment group. Ashmore acquired an additional 11% when it made a required tender offer to other shareholders. By July 2008, Ashmore, through its SEA Refinery Holdings B.V., had a 50.57 percent of Petron's stock. Ashmore's payment was made on December 2008. In December 2008, Ashmore acquired PNOC's 40% stake. In the same month, San Miguel Corporation (SMC) said it was in the final stages of negotiations with the Ashmore Group to buy up to 50.1 percent of Petron. In 2010, SMC acquired majority control of Petron Corporation.

Currently, Saudi Aramco's refining capacity is 5.4 million barrels per day (860,000 m3/d) (International joint and equity ventures: 2,500 Mbbl/d (400,000,000 m3/d), domestic joint ventures: 1,900 mpbd, and wholly owned domestic operations: 1,000 Mbbl/d (160,000,000 m3/d).)[41]

Saudi Aramco's downstream operations are shifting emphasis to integrate refineries with petrochemical facilities. Their first venture into it is with Petro Rabigh, which is a joint venture with Sumitomo Chemical Co. that began in 2005 on the coast of the Red Sea.[10]

List of refineries

List of domestic refineries:[41]

Jazan Refinery and terminal projects (JRTP) (4,00,000 bbl/d) (64,000 cubic meter/d) Jizan construction ongoing.
Jeddah Refinery (78,000 bbl/d (12,400 m3/d)) Jeddah converted to product storage terminal in Nov. '17.
Ras Tanura Refinery (550,000 bbl/d (87,000 m3/d)) (includes a Crude Distillation Unit, a Gas Condensate Unit, a hydrocracker, and catalytic reforming)
Riyadh Refinery (126,000 bbl/d (20,000 m3/d))
Yanbu Refinery (245,000 bbl/d (39,000 m3/d))
List of domestic refining ventures:[41]

The Saudi Aramco Mobil Refinery Co. Ltd. (SAMREF), Yanbu (400,000 bbl/d (64,000 m3/d))
The Saudi Aramco Shell Refinery Co. (SASREF), Jubail (300,000 bbl/d (48,000 m3/d))
Petro Rabigh, Rabigh (400,000 bbl/d (64,000 m3/d))
Saudi Aramco Base Oil Co. (Luberef)
Saudi Aramco Total Refining and Petrochemical Co. (SATORP), Jubail[42] (400,000 bbl/d (64,000 m3/d))
Yanbu Aramco Sinopec Refinery (YASREF), Yanbu (400,000 bbl/d (64,000 m3/d))
List of international refining ventures:[43]

Fujian Refining and Petrochemical Co. (FRPC), People's Republic of China
Sinopec SenMei (Fujian) Petroleum Co. Ltd. (SSPC), People's Republic of China
Motiva Enterprises LLC, United States 1,070,000 bbl/d (170,000 m3/d)
Showa Shell, Japan 445,000 bbl/d (70,700 m3/d)
S-Oil, Republic of Korea 669,000 bbl/d (106,400 m3/d)
Saudi Refining Inc., United States[44]

https://en.m.wikipedia.org/wiki/Saudi_Aramco

since NNPC is not bearing good fruits, it should be unbundled and sold with proceeds from it invested in physical infrastructure.

Ratello:
*"Privatised Saudi Arabia Aramco Declares $111bn Profits, NNPC Declares Loss Of $1.8b For 2018.
Was Atiku Right or Wrong?"*

"Only Fools Argue With Facts"!

Saudi Arabia reportedly calls off Aramco IPO and disbands advisers
https://www.google.com/amp/s/www.cnbc.com/amp/2018/08/22/saudi-arabia-calls-off-aramco-ipo-and-disbands-advisers-reuters-reports.html

Guess we now know the fool that argues with fact.

Ratello:


Read below and be wise for once;


Refining and chemicals

While the company did not originally plan on refining oil, the Saudi government wished to have only one company dealing with oil production. Therefore, on 1 July 1993, the government issued a royal decree merging Saudi Aramco with Samarec, the country's oil refining company. The following year, a Saudi Aramco subsidiary acquired a 40% equity interest in Petron Corporation, the largest crude oil refiner and marketer in the Philippines. Since then, Saudi Aramco has taken on the responsibility of refining oil and distributing it in the country.[10] In 2008, Saudi Aramco sold its entire stake to the Ashmore Group, a London-listed investment group. Ashmore acquired an additional 11% when it made a required tender offer to other shareholders. By July 2008, Ashmore, through its SEA Refinery Holdings B.V., had a 50.57 percent of Petron's stock. Ashmore's payment was made on December 2008. In December 2008, Ashmore acquired PNOC's 40% stake. In the same month, San Miguel Corporation (SMC) said it was in the final stages of negotiations with the Ashmore Group to buy up to 50.1 percent of Petron. In 2010, SMC acquired majority control of Petron Corporation.

Currently, Saudi Aramco's refining capacity is 5.4 million barrels per day (860,000 m3/d) (International joint and equity ventures: 2,500 Mbbl/d (400,000,000 m3/d), domestic joint ventures: 1,900 mpbd, and wholly owned domestic operations: 1,000 Mbbl/d (160,000,000 m3/d).)[41]

Saudi Aramco's downstream operations are shifting emphasis to integrate refineries with petrochemical facilities. Their first venture into it is with Petro Rabigh, which is a joint venture with Sumitomo Chemical Co. that began in 2005 on the coast of the Red Sea.[10]

List of refineries

List of domestic refineries:[41]

Jazan Refinery and terminal projects (JRTP) (4,00,000 bbl/d) (64,000 cubic meter/d) Jizan construction ongoing.
Jeddah Refinery (78,000 bbl/d (12,400 m3/d)) Jeddah converted to product storage terminal in Nov. '17.
Ras Tanura Refinery (550,000 bbl/d (87,000 m3/d)) (includes a Crude Distillation Unit, a Gas Condensate Unit, a hydrocracker, and catalytic reforming)
Riyadh Refinery (126,000 bbl/d (20,000 m3/d))
Yanbu Refinery (245,000 bbl/d (39,000 m3/d))
List of domestic refining ventures:[41]

The Saudi Aramco Mobil Refinery Co. Ltd. (SAMREF), Yanbu (400,000 bbl/d (64,000 m3/d))
The Saudi Aramco Shell Refinery Co. (SASREF), Jubail (300,000 bbl/d (48,000 m3/d))
Petro Rabigh, Rabigh (400,000 bbl/d (64,000 m3/d))
Saudi Aramco Base Oil Co. (Luberef)
Saudi Aramco Total Refining and Petrochemical Co. (SATORP), Jubail[42] (400,000 bbl/d (64,000 m3/d))
Yanbu Aramco Sinopec Refinery (YASREF), Yanbu (400,000 bbl/d (64,000 m3/d))
List of international refining ventures:[43]

Fujian Refining and Petrochemical Co. (FRPC), People's Republic of China
Sinopec SenMei (Fujian) Petroleum Co. Ltd. (SSPC), People's Republic of China
Motiva Enterprises LLC, United States 1,070,000 bbl/d (170,000 m3/d)
Showa Shell, Japan 445,000 bbl/d (70,700 m3/d)
S-Oil, Republic of Korea 669,000 bbl/d (106,400 m3/d)
Saudi Refining Inc., United States[44]

https://en.m.wikipedia.org/wiki/Saudi_Aramco

You are focusing on some downstream operations that has been spurn off and comparing it to the main company Saudi Aramco that just declared massive profits and still 100% government owned.

Are you well at all?

kayfra:


That still doesn't make Saudi Aramco a private company. That's just fake news

Someone has given details above. Even if you are right, does it matter since they are making profit? Does nnpc which record losses deserve privatisation or not?

Las las NNPC will be privatized. Atiku is a million percent right.

kayfra:


You are focusing on some downstream operations that has been spurn off and comparing it to the main company Saudi Aramco that just declared massive profits and still 100% government owned.

Are you well at all?

Aramco is 100% govt owned but, high tech in operation unlike the opaque NNPC. Perhaps let Aramco come and take over NNPC.

kayfra:


You are focusing on some downstream operations that has been spurn off and comparing it to the main company Saudi Aramco that just declared massive profits and still 100% government owned.

Are you well at all?

Perhaps your eyes were too holy to see this, let me bolden them for you;

[b]While the company did not originally plan on refining oil, the Saudi government wished to have only one company dealing with oil production. Therefore, on 1 July 1993, the government issued a royal decree merging Saudi Aramco with Samarec, the country's oil refining company. The following year, a Saudi Aramco subsidiary acquired a 40% equity interest in Petron Corporation, the largest crude oil refiner and marketer in the Philippines. Since then, Saudi Aramco has taken on the responsibility of refining oil and distributing it in the country.[10] In 2008, Saudi Aramco sold its entire stake to the Ashmore Group, a London-listed investment group. Ashmore acquired an additional 11% when it made a required tender offer to other shareholders. By July 2008, Ashmore, through its SEA Refinery Holdings B.V., had a 50.57 percent of Petron's stock. Ashmore's payment was made on December 2008. In December 2008, Ashmore acquired PNOC's 40% stake. In the same month, San Miguel Corporation (SMC) said it was in the final stages of negotiations with the Ashmore Group to buy up to 50.1 percent of Petron. In 2010, SMC acquired majority control of Petron Corporation.[/b]

If you are still stubborn to your view, kindly being up the link to support it.

Ratello:


Perhaps your eyes were too holy to see this, let me bolden them for you;

[b]While the company did not originally plan on refining oil, the Saudi government wished to have only one company dealing with oil production. Therefore, on 1 July 1993, the government issued a royal decree merging Saudi Aramco with Samarec, the country's oil refining company. The following year, a Saudi Aramco subsidiary acquired a 40% equity interest in Petron Corporation, the largest crude oil refiner and marketer in the Philippines. Since then, Saudi Aramco has taken on the responsibility of refining oil and distributing it in the country.[10] In 2008, Saudi Aramco sold its entire stake to the Ashmore Group, a London-listed investment group. Ashmore acquired an additional 11% when it made a required tender offer to other shareholders. By July 2008, Ashmore, through its SEA Refinery Holdings B.V., had a 50.57 percent of Petron's stock. Ashmore's payment was made on December 2008. In December 2008, Ashmore acquired PNOC's 40% stake. In the same month, San Miguel Corporation (SMC) said it was in the final stages of negotiations with the Ashmore Group to buy up to 50.1 percent of Petron. In 2010, SMC acquired majority control of Petron Corporation.[/b]

If you are still stubborn to your view, kindly being up the link to support it.

Don't be an idiot by posting the first link you see when you google "Saudi Aramco Ownership". Dig deeper or let someone else school you.

No time to spoon feed today. Saudi Aramco is 100% government owned and controlled. You can take that to the bank

NNPC and almost all government parastatals hardly bring profits no wonder no meaningful development in our nation...
NNPC should be privatised gaskia

kayfra:


Don't be an idiot by posting the first link you see when you google "Saudi Aramco Ownership". Dig deeper or let someone else school you.

No time to spoon feed today. Saudi Aramco is 100% government owned and controlled. You can take that to the bank

Don't be a fool by trying to change the narratives which is the 100% fact that a government owned ARAMCO posted a profit of $111billion while your partly government owned NNPC posted a loss of $1.8 billion and for your information about 2 days ago the much anticipated 5% stake in ARAMCO (about $100 billion stake) is about to be privatised out of the $2 trillion worth entity. Don't change the narratives. ARAMCO is going private already

Ratello:


Don't be a fool by trying to change the narratives which is the 100% fact that a government owned ARAMCO posted a profit of $111billion while your partly government owned NNPC posted a loss of $1.8 billion and for your information about 2 days ago the much anticipated 5% stake in ARAMCO (about $100 billion stake) is about to be privatised out of the $2 trillion worth entity. Don't change the narratives. ARAMCO is going private already

If you had an iota of brain cells, you'll relate what the OP posted justifying Atiku's position of privatizing NNPC and using a completely 100% government owned Saudi Aramcos profits as proof that privitazation works. Isn't that a brain dead argument? But since you're probably oblivious to facts, all that we need is a well ran NNPC to turn a profit since Saudi Aramco can do it without resorting to privitazation. Didirin

kayfra:


If you had an iota of brain cells, you'll relate what the OP posted justifying Atiku's position of privatizing NNPC and using a completely 100% government owned Saudi Aramcos profits as proof that privitazation works. Isn't that a brain dead argument? But since you're probably oblivious to facts, all that we need is a well ran NNPC to turn a profit since Saudi Aramco can do it without resorting to privitazation. Didirin

Applying your basic cognitive skills to good use would have presented to your sorry life that for the mere fact that profit is what ARAMCO is recording with the full involvement of the reasonable govt of Saudi Arabia in the runnings of it does not apply to a corrupt and useless govt of waste under an inept Buhari will afford NNPC the same measure of profits to the growth of Nigeria, so why not privatize it instead of repeating the same stupid mistakes that gives no tangible results over the years, unfortunately, as a Buharideen who hardly reasons with his cognitive skills, you must support evil and wastefulness in a childish prattling just to justify your APC centric spirit to the spirit of good governance. Use your brain.

Ratello:


Applying your basic cognitive skills to good use would have presented to your sorry life that for the mere fact that profit is what ARAMCO is recording with the full involvement of the reasonable govt of Saudi Arabia in the rubbings of it does not apply to a corrupt and useless govt of waste under an inept Buhari will afford NNPC the same measure of profit, unfortunately, as a Buharideen who hardly reasons with his cognitive skills, you must support evil and wastefulness in a childish prattling just to justify your APC centric spirit to the spirit of good governance. Use your brain.

You can go and bang your head on a rock for losing the elections. Still doesn't justify posting fake news calling Saudi Aramco a private company

kayfra:


You can go and bang your head on a rock for losing the elections. Still doesn't justify posting fake news calling Saudi Aramco a private company

At last he ran out of idea with so much shame not knowing how to justify the stupid and unnecessary loss of $1.8 billion happening under his Lord, Buhari. You may scram now boy......haters of a future that works for all!

Yes he was
Yes he is....

Saudi is not Nigeria, we don't stone thieves, nor behead them... And stop faulty comparison in order to sell your expired klepto, GIVE IT A REST!!!


His plans mainly to corner it for himself ... He has no common good potential in him.... His present treasonable path a clear indicator...

Atiku is less of a problem, it's the people gassing him up...
Crap!!

Ratello:


At last he ran out of idea with so much shame not knowing how to justify the stupid and unnecessary loss of $1.8 billion happening under his Lord, Buhari. You may scram now boy......haters of a future that works for all!

English Motherf@cker! Do you speak it?

modath:



Yes he was
Yes he is....

Saudi is not Nigeria, we don't stone thieves, nor behead them... And stop faulty comparison in order to sell your expired klepto, GIVE IT A REST!!!


His plans mainly to corner it for himself ... He has no common good potential in him.... His present treasonable path a clear indicator...

Atiku is less of a problem, it's the people gassing him up...
Crap!!

Read and be free for once, stop seeing Atiku Atiku Atiku in your dreams or when matter of National discourse comes up, this is about our future, so I ask you now, Is NNPC living up to expectations under this government? Stay on topic please.....

kayfra:
English Motherf@cker! Do you speak it?

As usual he is going rabid like a typical Buharideen always aggressive when out of ideas on simple political discourse.

Ratello:
*"Privatised Saudi Arabia Aramco Declares $111bn Profits, NNPC Declares Loss Of $1.8b For 2018.
Was Atiku Right or Wrong?"*

"Only Fools Argue With Facts"!

Aramco has not been privatised!

Ratello:

As usual he is going rabid like a typical Buharideen always aggressive when out of ideas on simple political discourse.

I don't know what part of Saudi Aramco not privatized you don't get and why using it to justify Atiku's position is beyond stupid

budaatum:

Aramco has not been privatised!

I have already explained my position up there. The issue is NNPC 's performance under Buhari is becoming abysmally low therefore privatising NNPC at such a time like this as advocated for by Atiku and like minds is key and germane to the survival of the government parastatal.

Ratello:

I have already explained my position up there. The issue is NNPC 's performance under Buhari is becoming abysmally low therefore privatising NNPC at such a time like this as advocated for by Atiku and like minds is key and germane to the survival of the government parastatal.

There is no reason to conclude that nnpc will be profitable from the argument you posed with Aramco. Some might point out that not privatising like Aramco should make nnpc profitable, but since they are both not privatised, and one makes profit while the other doesn't, then perhaps privatisation is irrelevant.

Except, where Atiku is concerned, it is very relevant! Who would he sell it to if not his cronies, or has he not got form? What happened to all the other companies he privatised? Is there any reason privatised nnpc would not end up the same way? Or do you just not know Atikus's record regarding privatisation?

Could anyone provide some please, if there's any.

budaatum:

There is no reason to conclude that nnpc will be profitable from the argument you posed with Aramco. Some might point out that not privatising like Aramco should make nnpc profitable, but since they are both not privatised, and one makes profit while the other doesn't, then perhaps privatisation is irrelevant.

Except, where Atiku is concerned, it is very relevant! Who would he sell it to if not his cronies, or has he not got form? What happened to all the other companies he privatised? Is there any reason privatised nnpc would not end up the same way? Or do you just not know Atikus's record regarding privatisation?

Could anyone provide some please, if there's any.

How about the IEPCL

engrobidigbo:
Management of Indorama Eleme Petrochemicals Ltd (IEPL) is happy to initiate the Indorama Engineer trainee Program (IETP 2018/2019) to provide career development opportunities to young and bright men and women in the field of Engineering.

Qualified candidates may apply online at http://www.indoramaeleme.com.career effective 20th July 2018.

All applications must be submitted online on or before 31st July 2018.

Indorama Engineer Trainee Program - 2018 / 2019

Objectives

To provide learning opportunities to fresh & meritorious Graduate and Diploma Engineers, equip them with necessary knowledge, skills & attitudes and mold them to be competent engineers and operators.

Training Schemes

1. Graduate Engineer Training Program (GET)
i. Eligibility: Fresh I Degree / HND Engineers from Universities and Federal Polytechnics.
ii. Disciplines: Chemical / Mechanical / Electrical / Instrumentation / Electronics / Computers / Civil / Petroleum & Petrochemical / Production
iii. Duration of Training: 12 months

2. Diploma Engineer Training Program (DET)
i. Eligibility: National Diploma / Equivalent from Federal Polytechnics and Technical Education Institutes
ii. Disciplines: Chemical / Mechanical / Electrical / Instrumentation / Electronics / Computers / Civil / Petroleum & Petrochemical / Production
iii. Duration of Training: 18 months

Selection

 All the eligible candidates will be subjected to two stage selection process - Written Test (Technical & Aptitude) and Personal Interview.
 Candidates who pass through both stages will be eligible for training.
 Candidates from the Eleme Host Communities would have to score a minimum of 50% while others would have to score a minimum of 60% marks in the Written Test, to qualify for the Personal Interviews.
 Company shall take cognizance of provisions in the MOU with Host Communities in this regard.

Stipend & Other Facilities
 Trainees would be a paid consolidated monthly stipend during the period of training.
 The trainees are eligible to use the company’s transport for commuting between the place of stay & factory and can avail one free meal for every working day.

Absorption

Only the candidates who scores above the stipulated cut-off marks will be absorbed on Company’s regular roles based on the vacancy & requirements.

Best of luck ladies and gentlemen

Cc: @davide470, @uboma, @lalasticlala Please help a job seeker by moving this to FP.

Indorama Eleme Petrochemical Limited (IEPL), located in Port Harcourt, Rivers State, Nigeria, a Group Company of Indorama Corporation, is a Poly-Olefins producer of a range of Polyethylene and Polypropylene products. IEPL was a 100% subsidiary of Nigerian Government owned Nigerian National Petroleum Corporation (NNPC) with the name Eleme Petrochemicals Company Limited (EPCL). When the erstwhile EPCL was privatized, under the Privatization Program, the Indorama Group emerged as the core investor and acquired the Unit in August 2006. Since then, IEPL has recorded several achievements of smooth & stable operations, enhanced production capacities, winning of several global awards & certifications and has become a successful model of the Nigeria's Privatization Program.

https://www.indoramaeleme.com/about-iepl.php





Dr. Maikanti Kacalla Baru, Director

President Muhammad Buhari appointed Dr. Maikanti Kachalla Baru as 17th Group Managing Director ("GMD" of Nigeria National Petroleum Corporation("NNPC". Until his appointment as GMD of NNPC on 4th July 2016 Dr. Baru was appointed Technical Advisor (Gas Matters) in March 2016 to the Minister of State for Petroleum Resources and until March 2016, he was Group Executive Director, Exploration and Production of the NNPC.


Mr. Alex Okoh, Director

Mr. Alex Okoh is the present Director General of the Bureau of Public Enterprises (BPE).

Mr. Okoh, a Master’s Degree holder in Banking & Finance from the University of Ibadan and an alumnus of Harvard Business School, was the Managing Partner of Ashford & McGuire Consulting, before taking over as the DG of BPE in April 2017.


Mr. Emmanuel Aguma (SAN), Director

Mr. Emmanuel Aguma, SAN is a Rivers State lawyer. He is the current Attorney General and Commissioner of Justice in the state. Between 2000 and 2002 he worked as Secretary of the Nigerian Bar Association Port Harcourt Branch, and also chaired the Bar from 2006 to 2008.