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Shell Defends 'Difficult' Decision To Buy Russian Crude Oil - Foreign Affairs (3) - Nairaland

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Re: Shell Defends 'Difficult' Decision To Buy Russian Crude Oil by Elporo(m): 1:03pm On Mar 07, 2022
DeLaRue:


Shell is a multinational company with its global HQ in the UK. It is not a Dutch (Holland) company.

Last year, it changed its name from Royal Dutch Shell to just 'Shell', it's original British name.

Shell was formed in 1907 through the merger of the Royal Dutch Petroleum Company, based in the Netherlands, and the "Shell" Transport and Trading Company, based in the United Kingdom.
Re: Shell Defends 'Difficult' Decision To Buy Russian Crude Oil by MyMouth(m): 3:48pm On Mar 07, 2022
Cognitivereason:


This is the exactly the mentality that killed our refinery "cheap fuel"..

U need to understand that no crude oil producer is entitled to cheap fuel...
The local refineries will buy crude at the standard international price which is now over $110 for Brent crude...and u expect them to refine it and sell for N10?...
The answer is no
.they will sell at the standard rate as well...
That y when crude oil price drops...NNPC smiles abit as the cost of subsidizing due reduces and vice versa..

The only advantage of refining locally is dat u don't spend anything to import fuel which is what weakened the value of naira...


If we had been producing fuel and other petroleum products ever since and there was nothing like fuel subsidies..
Am 100% sure dollar to naira will not be more than N160 or maximum N200 today...
Now the standard rate for gasoline is around $1 for a litre..

U want to tell me it will be expensive to buy a litre for N200...and have the fuel available...
Should I also remind u that if a dollar is N200..
A lot of things we buy today will be nearly half the price?..compare to now that it is over N550 for a dollar..

Nigerians don't just have sense...
We believe it government.. But obvious if we d youths get to that seat we will think the same way...
The problem of weakened naira..exorbitant dollar rate and fuel scarcity is the fault of the leaders of Nigeria from IBB down to GEJ...

I will not blaim bubu...cuz under his unfortunate tenure...he allocated huge forex to enable dangote start his refinery
Well, I agree with u but if the government built its own refinaries, they won't be buying crude at international rate na since the government owns it

Re: Shell Defends 'Difficult' Decision To Buy Russian Crude Oil by Cognitivereason: 4:07pm On Mar 07, 2022
[quote author=MyMouth post=110828028][/quote]

The refinery is built to make profit..therefore it becomes a business....it doesn't matter weather it government that builds and own it or a private entity...

If we assume govt..builds one...the refinery will operate like every standard company and buy crude at the standard international price but it will be in naira instead of dollars..refine it and sell it back to Nigeria at the standard international price in naira as well..
Government makes profit from the company and use part of it maintain the facilities and keep them from become rotten like what we have today..

What ur saying is what NNPC used to practice with our refinery when they were first commissioned... Ask urself..how are dey doing now..

The funny part is DAT Dangote wanted to buy portharcourt refinery from government but stupid and dumb ass Yar adua refused..
D same slowpoke continued subsidizing petroleum products to the point that it even went cheaper during his time..and Nigerians loved him for DAT..
Today how fa?
Everybody now dey eye dangote refinery
Re: Shell Defends 'Difficult' Decision To Buy Russian Crude Oil by Cognitivereason: 4:10pm On Mar 07, 2022
MyMouth:

Dangote is a bloody capitalist! Even when the refinary starts working, the only thing we may enjoy is steady flow of products but I bet u, we won't enjoy any price decrease. Checkout cement where he holds sway undecided. Imagine if the buhari government had built a good refinary, we could even sell our fuel for 10naira per litre since it's our crude and we won't be importing. But this useless government and the ones before it did nothing! Imagine the money we would be making now that the price of crude is very high?

The refinery is built to make profit..therefore it becomes a business....it doesn't matter weather it government that builds and own it or a private entity...

If we assume govt..builds one...the refinery will operate like every standard company and buy crude at the standard international price but it will be in naira instead of dollars..refine it and sell it back to Nigeria at the standard international price in naira as well..
Government makes profit from the company and use part of it maintain the facilities and keep them from become rotten like what we have today..

What ur saying is what NNPC used to practice with our refinery when they were first commissioned... Ask urself..how are dey doing now..

The funny part is DAT Dangote wanted to buy portharcourt refinery from government and probably all the Nigerian refinery , repair them at his own cost and run it the proper way but stupid and dumb ass Yar adua refused..
D same slowpoke continued subsidizing petroleum products to the point that it even went cheaper during his time..and Nigerians loved him for DAT..
Today how fa?
Re: Shell Defends 'Difficult' Decision To Buy Russian Crude Oil by maasoap(m): 10:45pm On Mar 07, 2022
MyMouth:

Dangote is a bloody capitalist! Even when the refinary starts working, the only thing we may enjoy is steady flow of products but I bet u, we won't enjoy any price decrease. Checkout cement where he holds sway undecided. Imagine if the buhari government had built a good refinary, we could even sell our fuel for 10naira per litre since it's our crude and we won't be importing. But this useless government and the ones before it did nothing! Imagine the money we would be making now that the price of crude is very high?

That's what I said. Subsidised price is FG's decision, not Dangote's.
Cement is not subsidised but it is available
Re: Shell Defends 'Difficult' Decision To Buy Russian Crude Oil by maasoap(m): 10:46pm On Mar 07, 2022
Sheggy13:

Just like you have steady supply of cement from same capitalist Dangote, but at an exhorbitant price.

Yes, that's my point.

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