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84m Barrels Of Nigerian Crude Oil Unsold, Stranded At Sea - Politics (2) - Nairaland

Nairaland Forum / Nairaland / General / Politics / 84m Barrels Of Nigerian Crude Oil Unsold, Stranded At Sea (41349 Views)

Nigerian Crude Takes New Hit As Buyers Turn To Cheaper Russian Grade / 20 Nigerian Crude Oil Ships Stranded In International Market Over Reduced Demand / 60 Nigerian Oil Cargoes Unsold Despite Price Cut (2) (3) (4)

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Re: 84m Barrels Of Nigerian Crude Oil Unsold, Stranded At Sea by saintol(m): 8:31am On May 04, 2020
The Beginning Of The End

1 Like

Re: 84m Barrels Of Nigerian Crude Oil Unsold, Stranded At Sea by freshkpomo(m): 8:31am On May 04, 2020
The end of the beginning.






God bless Nigeria.

1 Like

Re: 84m Barrels Of Nigerian Crude Oil Unsold, Stranded At Sea by ifeanyija(m): 8:31am On May 04, 2020
Ok
Re: 84m Barrels Of Nigerian Crude Oil Unsold, Stranded At Sea by Masculity(m): 8:32am On May 04, 2020
Nigeriaaa1960:
Bring it back home biko and start selling it #65


Good advice

1 Like

Re: 84m Barrels Of Nigerian Crude Oil Unsold, Stranded At Sea by Nobody: 8:32am On May 04, 2020
u11ae1013:
apart from fufu and cocoyam soup, what resources can you people boast of

Ask your elders they will tell you about us

13 Likes 2 Shares

Re: 84m Barrels Of Nigerian Crude Oil Unsold, Stranded At Sea by afroxyz: 8:32am On May 04, 2020
This is old.news na
Re: 84m Barrels Of Nigerian Crude Oil Unsold, Stranded At Sea by Nobody: 8:32am On May 04, 2020
Lol

This is just the beginning
Nothing concern me sha
Goes back to trading room grin cheesy
Naira die or not, win win for us
Re: 84m Barrels Of Nigerian Crude Oil Unsold, Stranded At Sea by Tpave(m): 8:33am On May 04, 2020
It's terrifying
Re: 84m Barrels Of Nigerian Crude Oil Unsold, Stranded At Sea by kabawa(m): 8:33am On May 04, 2020
Girls who still think a nigga with a car has money...
Happy childrens day grin grin grin

3 Likes

Re: 84m Barrels Of Nigerian Crude Oil Unsold, Stranded At Sea by xcesspaschal(m): 8:33am On May 04, 2020
u11ae1013:
I just hope what happened in oyo in 1600bc will not repeat itself

Nna biko. Wetin happen to Oyo in 1600bc?

1 Like

Re: 84m Barrels Of Nigerian Crude Oil Unsold, Stranded At Sea by Blackfire(m): 8:33am On May 04, 2020
Walahi laugh wan kill me, you don mean it, ehhen , so e don happen, grin

1 Like

Re: 84m Barrels Of Nigerian Crude Oil Unsold, Stranded At Sea by Prince081: 8:33am On May 04, 2020
The N3.4b will last a maximum of 7 months since it is for sharing. Sharing is the only reason why Nigeria exists as a country. Zero productivity and 100% consumption. We have 2 options if we must sustain the sharing ; Borrow more or print more money. Either way, we are digging a hole.

1 Like 1 Share

Re: 84m Barrels Of Nigerian Crude Oil Unsold, Stranded At Sea by garfield1: 8:33am On May 04, 2020
Agboriotejoye:

For real? Can I get a link to dis info
You really hate buhari oh up to the extent of transforming last year news into this year news

1 Like 1 Share

Re: 84m Barrels Of Nigerian Crude Oil Unsold, Stranded At Sea by Corporate2020: 8:33am On May 04, 2020
u11ae1013:
apart from fufu and cocoyam soup, what resources can you people boast of

Drugs trafficking, human trafficking, armed robbery, baby factory and advanced free fraud will give them good IGR and foreign currencies.

3 Likes 1 Share

Re: 84m Barrels Of Nigerian Crude Oil Unsold, Stranded At Sea by Bevista: 8:34am On May 04, 2020
NwaNimo1:
Great news....Biafra loading

Dangote.......how market?
The Dangote comment smacks of ignorance. Dangote doesn't own the stranded oil. If anything, he would be happy to buy cheap oil for his refinery.

9 Likes 4 Shares

Re: 84m Barrels Of Nigerian Crude Oil Unsold, Stranded At Sea by Nobody: 8:34am On May 04, 2020
u11ae1013:
apart from fufu and cocoyam soup, what resources can you people boast of

Ask your elders they will tell you if they are honest

7 Likes 1 Share

Re: 84m Barrels Of Nigerian Crude Oil Unsold, Stranded At Sea by ednut1(m): 8:34am On May 04, 2020
Nigeria's end would not be televised

1 Like

Re: 84m Barrels Of Nigerian Crude Oil Unsold, Stranded At Sea by Yomboy4ever(m): 8:34am On May 04, 2020
u11ae1013:
apart from fufu and cocoyam soup, what resources can you people boast of

Coco +Caine -co
Re: 84m Barrels Of Nigerian Crude Oil Unsold, Stranded At Sea by meobizy(f): 8:35am On May 04, 2020
When the lockdown is lifted buyers will clear the cache in no time. Petroleum is never a liability.

1 Like

Re: 84m Barrels Of Nigerian Crude Oil Unsold, Stranded At Sea by Skblueprint1(m): 8:35am On May 04, 2020
Is it true coward Nnamdi Kanu is dead and Ipob have been using body double on live videos?

1 Like

Re: 84m Barrels Of Nigerian Crude Oil Unsold, Stranded At Sea by nijabazaar: 8:35am On May 04, 2020
u11ae1013:
apart from fufu and cocoyam soup, what resources can you people boast of

Let's have biafra first. What resource does Switzerland have

7 Likes 3 Shares

Re: 84m Barrels Of Nigerian Crude Oil Unsold, Stranded At Sea by temptnow: 8:35am On May 04, 2020
u11ae1013:
apart from fufu and cocoyam soup, what resources can you people boast of
at least we can harvest the pussy of the person who breast fed you

5 Likes

Re: 84m Barrels Of Nigerian Crude Oil Unsold, Stranded At Sea by wink2015(m): 8:36am On May 04, 2020
An estimated 84 million barrels of Nigerian crude oil is currently stranded at sea, a report by Wall Street Journal has said.

In an April 27 report, the newspaper said cargo ships filled with Nigerian crude had nowhere to go and Nigerian oil companies were competing to fill the “last few empty tankers still left at sea”.

The tankers are reported to be coming from production fields managed by Royal Dutch Shell and Exxon Mobil.

According to experts, it would be risky to shut down production in some oil fields as the wells are “too old to be restarted once they go idle”.

However, a situation where companies run out of vessels would make shutting the oil fields inevitable.

“When there are no more vessels to load the crude, then the entire world collapses,” Kola Karim, the chairman of Shoreline Natural Resources, was quoted to have said.

“You will have serious, serious security implications. Unrest.”

According to the Wall Street Journal, a tanker was turned back from the US Gulf Coast and it returned to the Canary Islands, where other Nigerian-hired ships are idled.

The COVID-19 pandemic has resulted in reduced demand for crude oil across the world and a price war between Saudi Arabia and Russia worsened an already bad situation.

In response to the fall in crude prices, Nigeria slashed its 2020 budget and reduced the budgeted crude benchmark.

The Organisation of Petroleum Exporting Countries (OPEC) and its allies (OPEC+) also agreed on a graduated supply cut that is scheduled to last till April 2022.

Nigeria currently has 1,918 active cases of the coronavirus in addition to 385 recoveries and 85 deaths.

https://www.google.com/amp/s/dailynigerian.com/covid-19-84m-barrels-of-nigerian-crude-oil-unsold-stranded-at-sea-report/amp/

I CELEBRATE THIS NEWS!

It is very good for the federal government.

DIVERSIFY THE ECONOMY INTO AN AGRO BASED ECONOMY.

THEY SAY NO !

NORTHERNERS THAT REFUSE TO ACCEPT RESTRUCTURING.

I HOPE THEY ARE SEEING ALL THIS PROBLEMS.

When they get the money they snob the good people of the NIGER DELTA REGION whose land they explore this crude oil and THROW PEANUT AND STIPEND AT THEIR FACE.

CORONAVIRUS AS COME TO DELIVER GODS JUDGEMENT ON WICKED LEADERSHIP OF NIGERIA.

LET THE FEDERAL GOVERNMENT GO AND DRINK THEIR CRUDE OIL

4 Likes

Re: 84m Barrels Of Nigerian Crude Oil Unsold, Stranded At Sea by manuelreports: 8:37am On May 04, 2020
u11ae1013:
apart from fufu and cocoyam soup, what resources can you people boast of
Myopic thinking and lazy question
The revival of only Aba textile will generate billions of foreign exchange. I don't want to go into energy generation from coal, metal works in Awka, Rubber plantation in Calabar, Palm oil, and above oil Tech. People like You are the top is the reason why this Country cannot diversify. Always thinking about oil, sold oil for over 50 years yet does not have a functional refinery.

18 Likes 6 Shares

Re: 84m Barrels Of Nigerian Crude Oil Unsold, Stranded At Sea by Truthisit: 8:37am On May 04, 2020
Please tell us what happened then?
u11ae1013:
I just hope what happened in oyo in 1600bc will not repeat itself

1 Like 1 Share

Re: 84m Barrels Of Nigerian Crude Oil Unsold, Stranded At Sea by Pubichairs(m): 8:37am On May 04, 2020
u11ae1013:
apart from fufu and cocoyam soup, what resources can you people boast of

I bet u can't comprehend that shît u just put up there,

U illiterates from the west..can't stop bringing tribalism here

3 Likes 1 Share

Re: 84m Barrels Of Nigerian Crude Oil Unsold, Stranded At Sea by Blackfire(m): 8:37am On May 04, 2020
u11ae1013:
apart from fufu and cocoyam soup, what resources can you people boast of



Nollywood,
Innoson,
Aba industrialization,
Anambra boys importation,
Our sexy beautiful women that other tribes kill to have,
Peter Obi the next president of Nigeria to clean up this mess of a country.

Should I go on

8 Likes 2 Shares

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