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Saudi Arabia To Build Refinery In Nigeria - Politics (2) - Nairaland

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Re: Saudi Arabia To Build Refinery In Nigeria by Nobody: 1:13pm On Apr 25, 2019
kaen1317:
dangote to build refinery, Saudi arabia to build refinery. where is Nigerian government refinery?

If the government is to build refinery, it has to find the money

And it costs 10bn USD to build just one refinery. We need at least 4 of them.

Oil is very low...and is going lower...harsh effect on our revenues.

So we are left with foreign investment...or Nigeria takes another loan.

2 Likes

Re: Saudi Arabia To Build Refinery In Nigeria by soberdrunk(m): 1:13pm On Apr 25, 2019
angry
Re: Saudi Arabia To Build Refinery In Nigeria by TheAngry1: 1:13pm On Apr 25, 2019
Esseite:
And here they are again to dominate a vital market again and repatriate proceeds to their countries.

Shopping - South Africa, lebanese
Real estate - chagouri brothers
Telecoms - South Africa, middle east, Indians
Automobile - Chinese, German, American
Clothing - Italian
Airport - Chinese
Rail - Chinese
Crude oil - American

Now refinery - Saudi Arabia is coming...

WHO CURSED YOU NIGERIA.



Mumu! It is called investments. No country on earth can thrive without investments, not even the so-called developed economies. Stop displaying your ignorance here.

5 Likes 1 Share

Re: Saudi Arabia To Build Refinery In Nigeria by 3rdavefarms(m): 1:13pm On Apr 25, 2019
Esseite:
And here they are again to dominate a vital market again and repatriate proceeds to their countries.

Shopping - South Africa, lebanese
Real estate - chagouri brothers
Telecoms - South Africa, middle east, Indians
Automobile - Chinese, German, American
Clothing - Italian
Airport - Chinese
Rail - Chinese
Crude oil - American

Now refinery - Saudi Arabia is coming...

WHO CURSED YOU NIGERIA.



So you don’t know chougri brothers countryside
Re: Saudi Arabia To Build Refinery In Nigeria by Emekadollars(m): 1:13pm On Apr 25, 2019
Hmm
Re: Saudi Arabia To Build Refinery In Nigeria by chigoziri2403(m): 1:13pm On Apr 25, 2019
Very soon we will have a saudi president
Re: Saudi Arabia To Build Refinery In Nigeria by rhythyson: 1:13pm On Apr 25, 2019
Turantula:
This terrorist government looking for ways to import terrorism into the country. Of all country to build refinery for you you chose the world's capital of terrorism.
Buhari is a terrorist Sha!

Idiot sported

3 Likes

Re: Saudi Arabia To Build Refinery In Nigeria by Nobody: 1:14pm On Apr 25, 2019
tactius:


He made a good point, and you ridicule him?

Come on, respond with your counterpoint!


Am not countering anything here I only just answered his question ...

Shikenna
Re: Saudi Arabia To Build Refinery In Nigeria by Olawalesmarter(m): 1:14pm On Apr 25, 2019
We don't need it, Dangote is better than Saudi Arabia this means more terrorism in Nigeria

2 Likes

Re: Saudi Arabia To Build Refinery In Nigeria by lukui: 1:14pm On Apr 25, 2019
I just hope they don't destroy it afterwards!!!

because we don't know more than to destroy something!!

it is after building it that some people will cone out and say that it belongs to their great grand fathers, carry bomb and blow it up!!!!!!!
Re: Saudi Arabia To Build Refinery In Nigeria by Nobody: 1:15pm On Apr 25, 2019
azraeljaheel:



Am not countering anything here I only just answered his question ...

Shikenna

Last last...the fact is, Nigeria should be building refineries, using materiel and ideas developed in this country.
Re: Saudi Arabia To Build Refinery In Nigeria by Sirchef: 1:16pm On Apr 25, 2019
Why are they acting like their is no refinery in Nigeria? They can't make what we have to work dey are planning on building another. The problem of Nigeria infrastructure is adequate maintenance.

1 Like

Re: Saudi Arabia To Build Refinery In Nigeria by Kenmatt(m): 1:18pm On Apr 25, 2019
This Buhari's government is soo sweet.
Re: Saudi Arabia To Build Refinery In Nigeria by Hugo7(m): 1:18pm On Apr 25, 2019
In as much as I want development and growth of Nigeria ,but it should not be from Saudi-Arabia of all Nations

3 Likes

Re: Saudi Arabia To Build Refinery In Nigeria by nogragra: 1:19pm On Apr 25, 2019
ManirBK:
Saudi Arabia has hinted on the possibility of establishing a refinery in Nigeria.

Minister of Energy Industry and Mineral Resources of the Kingdom of Saudi Arabia, Khalid Al Falih dropped the hint during a meeting with Nigeria’s Minister of State for Petroleum Resources, Ibe Kachikwu in Riyadh.

Kachikwu who affirmed the Saudi oil minister’s position said Nigeria was looking towards Saudi Arabia because of the country’s successes in the sector.
“We want to leverage on the huge success of Saudi government in terms of petroleum. Last year alone Saudi Aramco, an equivalent of NNPC made about $200 billion as profit.

“We have a lot of common ground, historical ties, and religious ties and there’s a need to move further. We cooperate a lot with one another in OPEC especially in the Ministry of Energy,” Kachikwu said.

He said Nigeria is already setting up a team to make the reasons for the visit a reality.

A statement from Nigeria’s oil ministry, Kachikwu had on Tuesday met with top executives of Saudi Aramco in Dhahran to crystallize ongoing discussions on collaborating with the Federal Government of Nigeria on investments in the oil and gas sector.

The minister was received by the President and Chief Executive Officer of Saudi Aramco, Amin H. Nasser and the top management of the conglomerate.

https://www.dailytrust.com.ng/saudi-arabia-to-build-refinery-in-nigeria.html?

we don't need their blood money nonsense.

1 Like

Re: Saudi Arabia To Build Refinery In Nigeria by Nobody: 1:19pm On Apr 25, 2019
Sirchef:
Why are they acting like their is no refinery in Nigeria? They can't make what we have to work dey are planning on building another. The problem of Nigeria infrastructure is adequate maintenance.

There is.

The problem is, NNPC is spending the money that they would have used to build refinery on subsidy.

NNPC cannot make a profit because maintianing the subsidy means that they buy fuel at N180, sell at N145, and cover their lossess with N35 per liter of PMS...which makes things worse.

That's why Atiku's idea of privatising NNPC plus removing subsidy would make NNPC profitable enough to build refineries. Just like the Saudi ARAMCO...which is a private company really.

1 Like

Re: Saudi Arabia To Build Refinery In Nigeria by sukerefakere(m): 1:20pm On Apr 25, 2019
Bolustical:

You two balls are worthless then grin
grin grin
Faceless forum tongue tongue
Re: Saudi Arabia To Build Refinery In Nigeria by Nobody: 1:20pm On Apr 25, 2019
Turantula:
This terrorist government looking for ways to import terrorism into the country. Of all country to build refinery for you you chose the world's capital of terrorism.
Buhari is a terrorist Sha!

Where is Israel? Can't they offer to build as well?

2 Likes

Re: Saudi Arabia To Build Refinery In Nigeria by Nobody: 1:22pm On Apr 25, 2019
Olawalesmarter:
We don't need it, Dangote is better than Saudi Arabia this means more terrorism in Nigeria

Saudi ARAMCO is a private company and one of the big oil companies.

Saudi Aramco (Arabic: أرامكو السعودية‎ ʾArāmkō al-Saʿūdiyyah), officially the Saudi Arabian Oil Company, (formerly Arabian-American Oil Company), is a Saudi Arabian national petroleum and natural gas company based in Dhahran, Saudi Arabia.[4][5]

It is one of the largest companies in the world by revenue, and according to accounts seen by Bloomberg News, the most profitable company in the world.[6] Saudi Aramco has both the world's second-largest proven crude oil reserves, at more than 270 billion barrels (4.3×1010 m3),[7] and second-largest daily oil production.[8]

Saudi officials have backed an official figure of $2 trillion for Saudi Aramco's value. The company's financial data were leaked in April 2018, and according to B[b]loomberg's analysts the company could be valued at $1.2 trillion, a significantly lower sum[/b].[9]

Saudi Aramco operates the world's largest single hydrocarbon network, the Master Gas System. Its 2013 crude oil production total was 3.4 billion barrels (540,000,000 m3), and it manages over one hundred oil and gas fields in Saudi Arabia, including 288.4 trillion standard cubic feet (scf) of natural gas reserves. Saudi Aramco operates the Ghawar Field, the world's largest onshore oil field, and the Safaniya Field, the world's largest offshore oil field.[10]

On 09 April 2019, Aramco has raised $12 billion of bonds[11]. Its first international bond issue has received more than $100 billion in orders from foreign investors which breaks all records for a bond issue by an emerging marketi

Sauce: Wikipedia.

It is a big company really.

1 Like

Re: Saudi Arabia To Build Refinery In Nigeria by King44(m): 1:22pm On Apr 25, 2019
this is not a welcomed development, one thing is certain they would milk Nigeria oil resources via the establishment, on matters of employment 80 percent on skilled labour would be from Saudi, while 10 percent of skilled labour from NiG and the remaining 10 would be unskilled labour that they would surprise to severe Hazardous working conditions even the skilled labour from the country won't be left out

And moreover would they allow a Nigerian owned refinery in their country "NO" they won't and if they do 70 percent or so of the ownership would be theirs while the remaining 30 percent of the ownership would for that NiG investor

if you doubt me check for fact
This APC govt should realize that power won't last forever

1 Like

Re: Saudi Arabia To Build Refinery In Nigeria by gift2xl: 1:22pm On Apr 25, 2019
THEY WANT TO ISLAMIZE THIS COUNTRY. I C TROUBLE AHEAD.

1 Like

Re: Saudi Arabia To Build Refinery In Nigeria by kunmiiii: 1:22pm On Apr 25, 2019
AutoReportNG:
Let's wait and see how this will play out... Remember Dangote is building his own too in Lagos

That's why I'm highly doubtful it will ever come into fruition especially with the deep tentacles Dangote has in all sphere of politics and echelons in government.
Re: Saudi Arabia To Build Refinery In Nigeria by Ggfvb222: 1:25pm On Apr 25, 2019
Prove below

Re: Saudi Arabia To Build Refinery In Nigeria by xarm(m): 1:25pm On Apr 25, 2019
Federal government should be careful with the way they deal with foreign government, some foreign government are be control by terrorists organizations
Re: Saudi Arabia To Build Refinery In Nigeria by Nobody: 1:25pm On Apr 25, 2019
Turantula:
This terrorist government looking for ways to import terrorism into the country. Of all country to build refinery for you you chose the world's capital of terrorism.
Buhari is a terrorist Sha!

Saudi ARAMCO is a big oil company that is valued at $1.2trillion .

Not a 'terror' company.

And you people don't complain when we do business with China...who persecutes religious people , Christians inclusive, or with any of the colonial powers who have committed crimes as well...or even the USA...who has also done it's share of violence over the decades...including sponsoring terror attacks.Or Russia...who has sposnored terror groups, and also done its own violence share.

Mind, I don't like Saudi either too.

1 Like

Re: Saudi Arabia To Build Refinery In Nigeria by DonGtoG1(m): 1:25pm On Apr 25, 2019
And if you to be working in their refinery, don't just think of a litre of crude or refined oil missing through you, because your head will surely go off your neck.
Re: Saudi Arabia To Build Refinery In Nigeria by martineverest(m): 1:27pm On Apr 25, 2019
Esseite:
And here they are again to dominate a vital market again and repatriate proceeds to their countries.

Shopping - South Africa, lebanese
Real estate - chagouri brothers
Telecoms - South Africa, middle east, Indians
Automobile - Chinese, German, American
Clothing - Italian
Airport - Chinese
Rail - Chinese
Crude oil - American

Now refinery - Saudi Arabia is coming...

WHO CURSED YOU NIGERIA.

what is wrong in expatriate investing in a country?

1 Like

Re: Saudi Arabia To Build Refinery In Nigeria by adetoya234: 1:28pm On Apr 25, 2019
Esseite:
And here they are again to dominate a vital market again and repatriate proceeds to their countries.

Shopping - South Africa, lebanese
Real estate - chagouri brothers
Telecoms - South Africa, middle east, Indians
Automobile - Chinese, German, American
Clothing - Italian
Airport - Chinese
Rail - Chinese
Crude oil - American

Now refinery - Saudi Arabia is coming...

WHO CURSED YOU NIGERIA.

Re: Saudi Arabia To Build Refinery In Nigeria by martineverest(m): 1:28pm On Apr 25, 2019
gift2xl:
THEY WANT TO ISLAMIC THIS COUNTRY. I C TROUBLE AHEAD.
such a foolish statement

2 Likes

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