rusher14:
Nothing wrong in retracing your steps.

NigeriaIsDoomed:
There's a subsisting court case in Akwa Ibom restraining Exxon Mobil from doing so for now.

Realtalk20:


Are you a teenager ? What do you mean? Reversals like this is what makes Foreign investors run from your country ..

Government indecision and summersaulting of government policies is a definite no and a red flag when it comes to foreign investment .

And you wonder why your Forex investment flow has dropped drastically?


Next time stick to romance section

GUNITGuy:

Stop deceiving your self Exxon Mobil is not owned by Akwa-ibom she holds the right to offswt her asset if it so wishes ....They've been on this for many years now....
Total Nigeria are coming next ....
The future of oil in Nigeria is bleak with the latest innovation in Tesla technology........
Most oil producing countries a divesting their invewtment from oil....
From 3
2025 upwards fuel and diesel engine would be scraped in almost all part of Europe .......
Tell Nigerian leaders to get ready

treesun:



https://punchng.com/buhari-makes-u-turn-on-seplat-exxonmobil-deal/

NigeriaIsDoomed:
You need to read this before quoting me: “The attempt to sell its asset, some of which may include assets belonging to Akwa Ibom State, is rather upsetting. Mobil has been in Akwa Ibom State for several years and the relationship has been very good until recently.
“The fact that they’ll attempt to sell in a surreptitious manner without any discussion with the government of Akwa Ibom State is very distressing and not to be expected from a responsible corporate citizen" ----- Akwa Ibom State Government
You're are correct like her said no one is investing so much in a very unlikely sector as fossil... These was said about coal. Technology is advancing even conservative countries like Saudi Arabia are preparing for what is coming ...The oil and gas era is gradually coming to a close.
Saudi are already investing in real estate in a part of their country that would accommodate western lifestyle.... They need to keep money coming
Nigeria is suffering the effects of decades of wastage in the use of oil wealth it's currently hoping on gas due to the Russian war...... The Russian are even selling their oil to India and China at ridiculous price to keep weapons flowing... They're still selling their gas to Europe inspite of sanctions....


By the way, you can't wean the global econony off of fossil fuel owing to the threats to energy security and there must be unprecedented levels of global cooperation which will require strong leadership and example-setting from powerful world countries, but we all know that this is impossible.
The politics of leaving fossil fuels behind is just too complicated so
fossil fuels will continue to run the vast majority of our global economy.
As I am typing this now, countries are reverting to the use of fossil fuels because of energy crises in the world so don't let the white man deceive about transitioning to clean energy cuz it is sure not going to happen anytime soon.

Do you think China and India would ditch her extreme hunger for industrialisation because of clean energy shit? It is not happening soon brother, even Nigeria wouldn't try it.
If ditching fossil fuels were possible, Dangote wouldn't be building his refinery by this time.

NigeriaIsDoomed:
You need to read this before quoting me: “The attempt to sell its asset, some of which may include assets belonging to Akwa Ibom State, is rather upsetting. Mobil has been in Akwa Ibom State for several years and the relationship has been very good until recently.
“The fact that they’ll attempt to sell in a surreptitious manner without any discussion with the government of Akwa Ibom State is very distressing and not to be expected from a responsible corporate citizen" ----- Akwa Ibom State Government

By the way, you can't wean the global econony off of fossil fuel owing to the threats to energy security and there must be unprecedented levels of global cooperation which will require strong leadership and example-setting from powerful world countries, but we all know that this is impossible.
The politics of leaving fossil fuels behind is just too complicated so
fossil fuels will continue to run the vast majority of our global economy.
As I am typing this now, countries are reverting to the use of fossil fuels because of energy crises in the world so don't let the white man deceive about transitioning to clean energy cuz it is sure not going to happen anytime soon.

Do you think China and India would ditch her extreme hunger for industrialisation because of clean energy shit? It is not happening soon brother, even Nigeria wouldn't try it.
If ditching fossil fuels were possible, Dangote wouldn't be building his refinery by this time.

Staphylococcus:
Qualities of a good leader!

Always ready to listen and redraft!


God bless His Excellence, President Mohammadu Buhari (GCFR)

God bless The Federal Republic of Nigeria

ExplorerReturns:


I believe orjiakor resigned as the CEO of seplat despite being the majority shareholder because of this deal. This was done to give them company a more "neutral" outlook. Amcon sold one of the popular banks to fentua, a cabal member, for 5bn despite the real value being over 200bn with people willing to buy it.

Orjiakor being from an oil producing state, Anambra, will be denied this deal despite his company being the most qualified for it. The assets will be sold to someone that his state have never produced a "keg of palm oil"

OGUAF:


Hi. This is not true. Orjiakor is no more the majority shareholder

The majority shareholder in Seplat since 2009 has always been MPI- a French Company that gave orjiakor and Avuru over $300m to acquire three SHELL OIL BLOCKS then.

Initial Seplat shareholding had both orjiakor and Avuru with 100% of the shares.

At the moment Orjiakor only owns 2% of the company. Avuru owns 8%.

The rest of the company is owned by foreign investors.



See the link below
https://m.marketscreener.com/quote/stock/SEPLAT-ENERGY-PLC-16256802/company/

God bless you and have a nice day

Realtalk20:


Are you a teenager ? What do you mean? Reversals like this is what makes Foreign investors run from your country ..

Government indecision and summersaulting of government policies is a definite no and a red flag when it comes to foreign investment .

And you wonder why your Forex investment flow has dropped drastically?


Next time stick to romance section

rusher14:


There is no country in the world where government policies, arbitration, ombudsman and pressure groups, do not alter the course of a decision.

Grow up.

ExplorerReturns:


Ok thanks for the clarification. But why is this important to you? Do you have any interest or a beneficiary of the deal?

Realtalk20:


You are talking nonsense

Bye

Carparts888:
I think he is trying to let u know this is political.

ExplorerReturns:
If it was dangote group of companies or indimi group that went into this deal will nnpc be trying this hard to fustrate it?

ExplorerReturns:


Ok thanks for the clarification. But why is this important to you? Do you have any interest or a beneficiary of the deal?

OGUAF:


I was going to mention earlier that
the deal was blocked because NNPC wants the oil block and assets to itself.it has the pre emotive rights to make such claim. Remember it has 60% shares in these oil assets while Exxon Mobil owns the rest and it has just been turned into a private independent entity by Buhari so it's hungry for more assets and these assets are highly crucial to Nigeria.

Right now in the Nigerian Oil and Gas sector. Seplat today is no more seen as a Nigerian company. God bless the founders(Orjiakor and avuru) for putting Seplat on the Global map.

Seplats aggressive expansion strategy over the past 10 years meant it had to raise a lot of foreign equity capital meaning over time you would lose a majority control.
That's how Orjiakor and Avuru lost major control over seplat. To compound the problem orjiakor and Avuru had issues with some local banks which sent wrong signals to the public so these new foreign investors wanted them out.

Selling oil assets to Seplat now is like handing over nigerians oil assets to foreigners. It's better the asset goes the NNPC.or another indigenous company like Elumelu.

These exxon assets in question, in its prime days of the mid 2010's during the oil boom contributed the most oil to Nigeria's daily production.

NNPC should do all its best to ensure its not sold to Seplat for the benefit of 200m Nigerians.

Seplat is now run by foreign investors hiding and disguising as an independent Nigerian Company.

Its so bad that orjiakor does not have a representative on the board as he does not even hold up to 5%. Look at how they sacked Avuru last year December. He has now set up his own company AA Holdings Limited

The next equity raise may push Avurus share to less than 5% meaning Seplat won't even have a Nigerian as a majority shareholder.

ExplorerReturns:


I believe orjiakor resigned as the CEO of seplat despite being the majority shareholder because of this deal. This was done to give them company a more "neutral" outlook. Amcon sold one of the popular banks to fentua, a cabal member, for 5bn despite the real value being over 200bn with people willing to buy it.

Orjiakor being from an oil producing state, Anambra, will be denied this deal despite his company being the most qualified for it. The assets will be sold to someone that his state have never produced a "keg of palm oil"

treesun:



https://punchng.com/buhari-makes-u-turn-on-seplat-exxonmobil-deal/

ExplorerReturns:
If it was dangote group of companies or indimi group that went into this deal will nnpc be trying this hard to fustrate it?