The Nigeria National Petroleum Corporation (NNPC)
is to begin marketing of refined oil to the United
States(U.S), Brazil and other parts of the world to
boost the revenue base of the corporation.
Its Group Managing Director Mr Austen Oniwon,
stated this in Brasilia on Wednesday.
He said the corporation, which hitherto had been
exporting crude oil to the U.S., had concluded
arrangements with Brazil’s Oil company, Petrobras,
toward the realisation of this objective.
He said the NNPC had since indicated its interest to
invest in Petrobras’s plan to expand its refinery in
Texas, U.S., from 100,000 barrels to 200,000
barrels per day.
"We indicated to them our interest to partner with
the company to have an outlet into American
market instead of exporting just crude to the
American market.
"We can take Nigerian crude, which is also going
into American market anyway, into this refinery,
process and sell as value added product into the
American market.
"This is something that is going to be beneficial to
NNPC and Nigeria as a country," he said.
Oniwon told the News Agency of Nigeria (NAN) that
the NNPC and Petrobras had concluded discussion
to enter into a relationship in the areas of oil
exploration and production, refining and petro-
chemical, oil marketing and trading, gas and power
development as well as research and development.
He said officials of Petrobras would be coming to
Nigeria in February to sign a Memoranda of
Understanding (MOU) with the NNPC for the take
off of the partnership.
"They (Petrobras) hope that we will be able to
jointly explore the vast hydro carbon deposit in
Nigeria especially in the deep offshore since the
MOU is going to embrace worldwide operations.
"As partners, we will be able to join Petrobas to
operate in their businesses and share their assets
outside Nigeria," he added.
The GMD said he hoped that the MoU would also
enable Nigeria to develop its gas sector for the
smooth operation of the various power plants being
constructed in the country.
According to him, President Goodluck Jonathan has
focused on the development of power plants in
Nigeria and most of these would be driven by gas.
He, therefore, stressed the need for Nigeria to
develop its gas sub-sector, primarily for domestic
consumption to power the power sector.
Oniwon also said he was optimistic that the MoU
would address the challenges of infrastructural
deficiencies in the nation’s oil and gas sector.
"We need partners because the infrastructure that
is going to deliver this gas to the various power
plants is inadequate at the moment and their
provision is going to cost a lot of money.
"But with the new government policy whereby the
cost of power has been reviewed upward, it has
made business and investments in gas project very
lucrative
"We believe that Petrobras will be eager to join
with NNPC to develop the gas resources primarily
for domestic use and for export because they are
also short of gas in Brazil," he said.

thenationonlineng.net/web3/mobile/news/23894.html

I know petrobras as Theophilus Danjuma's company. Chei,these people have built refineries abroad instead of in Nigeria, thereby denying jobs to Nigerians and exporting our cash. Now they want to start exporting our crude oil for free. This nation is heading for doom.

maimalari:

I know petrobras as Theophilus Danjuma's company.

maimalari:

I know petrobras as Theophilus Danjuma's company. Chei,these people have built refineries abroad instead of in Nigeria, thereby denying jobs to Nigerians and exporting our cash. Now they want to start exporting our crude oil for free. This nation is heading for doom.

Google would do you a lot of good the next time you want to type this kind of fallacy

maimalari:

I know petrobras as Theophilus Danjuma's company. Chei,these people have built refineries abroad instead of in Nigeria, thereby denying jobs to Nigerians and exporting our cash. Now they want to start exporting our crude oil for free. This nation is heading for doom.

What are you talking about? The same petrobras that issued shares of $67billion recently. It is their national oil company man.

Theophilus ko, Mathew ni.

I know petrobras as Theophilus Danjuma's company.

Oh my only in Nigeria

We own everything

ola olabiy:

What are you talking about? The same petrobras that issued shares of $67billion recently. It is their national oil company man.

Theophilus ko, Mathew ni.

The interest of that company in Nigeria has all to do with danjuma. Remember they partnered with danjuma in his oil block.

maimalari:

The interest of that company in Nigeria has all to do with danjuma. Remember they partnered with danjuma in his oil block.

Guy correct yourself before I give you slaaaaaaaap Go and look up that company, you should be saying they are help dumb Danjuma to exploit his well not that he owns the firm. I can even swear that dude cannot afford to be a majority share holder talk of him owning the company. If he does, then He's by far the richest man in africa and will make top 5 globally