The US is bent on weaning the EU from Russian oil and gas.

The proposed Gulf pipeline to supply gas from the Persian gulf via Syria onward to Europe met a brick wall with Syria's Assad refusal to allow the pipeline to be laid through his country. For this, regime change using ISIS was initiated. Russia had no choice but to come to Assad's aid.

As events where unfolding , the US and NATO began exploring another route via Libya. Knowing Qaddafi will not agree to such , regime change was initiated.

The proposed Libyan pipeline to EU will carry Oil from deep in the Niger Delta .

But this is problematic owing to sabotage that will plague such a project. It is for this reason the north must be brought in as a stakeholder.


The gas and oil that will be pumped via this trans Saharan pipeline is coming from the Niger Delta.

Baseless hypothesis

You believe Niger Republic as 150,000,000 gas reserve, you also believe Chad has 1,500,000,000 proven gas reserve yet you don't believe North has 1billion proven reserve


The simple truth is, since Oil was discovered in commercial quantity and of high quality like Brent crude oil and bonny light off the cost of Nigeria, Nobody were interested in Oil and Gas Exploration

Everyone focused on Exploitation of Niger Delta shore Oil, since it was easy to ferry accross Gulf of Guinea for export, and Mining and Production lisence cost less than cost of geological exploration



.

Northern oil is a facade? Hmmm...

The one they are fighting over in Bauchi and Gombe has only 1billion barrels in reserve. Niger Delta has about 40 billion barrels while Ondo State has about 3 billion barrels of proven crude reserves

Moh247:




Baseless hypothesis

You believe Niger Republic as 150,000,000 gas reserve, you also believe Chad has 1,500,000,000 proven gas reserve yet you don't believe North has 1billion proven reserve




.

It's not proven it's estimated and it's 1bn oil and 500bn gas
And yes!! It's a scam but not the dumb reason of the op

Agbegbaorogboye:


It's not proven it's estimated and it's 1bn oil and 500bn gas
And yes!! It's a scam but not the dumb reason of the op

You are wrong, it's not a scam... The only scam is that Northern Nigeria simply used millions of Dollars for exploration of Oil that would only benefit Northern states

The business model for the JV aggrement is that Nigerian Government build a Refinery and Gas Fertilizer plant on site, so no drop of the oil would be exported, they intend using it only within Northern State for local consumption, since logistics cost from South is high on PMS and other products

Agbegbaorogboye:


It's not proven it's estimated and it's 1bn oil and 500bn gas
And yes!! It's a scam but not the dumb reason of the op

IOCs are having serious issues funding exploration from capital markets.

The ones still operating in Nigeria have divested from onshore to offshore .

Who in their right mind will fund exploration deep in the Boko North ?

Think

Moh247:


You are wrong, it's not a scam... The only scam is that Northern Nigeria simply used millions of Dollars for exploration of Oil that would only benefit Northern states

The business model for the JV aggrement is that Nigerian Government build a Refinery and Gas Fertilizer plant on site, so no drop of the oil would be exported, they intend using it only within Northern State for local consumption, since logistics cost from South is high on PMS and other products

I bn barrels is not that much .

A refinery that refines 100k barrels per day will operate for 25ys before tapping out .

KwaraRat:


I bn barrels is not that much .

A refinery that refines 100k barrels per day will operate for 25ys before tapping out .

I think they intended to start with 60k barrels per day before scaling up to 120k barrels, and it is strictly for local consumption, from fertilizer plant, to refinery even 2500 mega watt power station

Buhari was smart to give north that gift because no southern President would ever invest that much in a project that isn't financially feasible

Moh247:


I think they intended to start with 60k barrels per day before scaling up to 120k barrels, and it is strictly for local consumption, from fertilizer plant, to refinery even 2500 mega watt power station

Buhari was smart to give north that gift because no southern President would ever invest that much in a project that isn't financially feasible

There is no oil in the north, period!

KwaraRat:


I bn barrels is not that much .

A refinery that refines 100k barrels per day will operate for 25ys before tapping out .

You're talking about oil and the north, but flashing weird misogynistic pictures on your thread. I don't get? Is it some form of advert promo or something?!

ganisucks:


There is no oil in the north, period!

According to Your cabal abi



Buhari, Bauchi, and Gombe State Governors, the indegeneous people of Kolmani whose land where taking for connecting roads, NNPC, Minister for state for Petroleum, AOML Consortium from Florida that is investing $3billion USD are all telling lies



All this Peter Obi supporters sef

You know what,your porn pics reminds me how I really love how the fulaniss defeated afonjas and married their women with big yannssh after fukn them mercilessly.
Although afonja women don't wash their pant and mess once every 2 mins,but none can deny they have big yanssh.
That is one of the reasons the fullaniss fought and defeated the weak bayerebes

Moh247:


I think they intended to start with 60k barrels per day before scaling up to 120k barrels, and it is strictly for local consumption, from fertilizer plant, to refinery even 2500 mega watt power station

Buhari was smart to give north that gift because no southern President would ever invest that much in a project that isn't financially feasible

As drilling goes on, such marginal fields become more expensive to drill.

100k barrel refinery will add about a million litres of PMS .

Not going to replace imports or that from Damgote's mega refinery.

ganisucks:


You're talking about oil and the north, but flashing weird misogynistic pictures on your thread. I don't get? Is it some form of advert promo or something?!

What's wrong with the pics ?

Moh247:


You are wrong, it's not a scam... The only scam is that Northern Nigeria simply used millions of Dollars for exploration of Oil that would only benefit Northern states

The business model for the JV aggrement is that Nigerian Government build a Refinery and Gas Fertilizer plant on site, so no drop of the oil would be exported, they intend using it only within Northern State for local consumption, since logistics cost from South is high on PMS and other products

You're wrong. It's a scam.
Buhari is fond of pulling this kind of stunt anytime elections are drawing near.
He did same thing with Baro port in 2019 and today the port is still a dead zone over 4 years after he commissioned it. The northerners went into a frenzy then about how their produces will be vacated directly from the port like it was during the colonial days and early independence. None of them bothered to ask questions like the need to dredge the Niger River, connecting roads and the moribund rails which were functional when the port was in good operating condition.
Now juxtapose this background fact with this other as well. There has been talk of oil in the North since the time of Tafawa Balewa. Yet till now, no oil company has shown serious commitment to drilling for the oil. Indimi is from the North East. Same with TY Danjuma. Both have oil wells in the South. Indimi is even Buhari's in-law. There is oil in the region they come from and they haven't obtained sole ownership rights to the lands that gave the oil all this while?
C'mon. You should be smarter than that

Moh247:


I think they intended to start with 60k barrels per day before scaling up to 120k barrels, and it is strictly for local consumption, from fertilizer plant, to refinery even 2500 mega watt power station

Buhari was smart to give north that gift because no southern President would ever invest that much in a project that isn't financially feasible

Lol. Strictly for local consumption? You really believe that a govt that has 4 moribund refineries and has not been able to build a refinery in 24 years of democracy is going to suddenly wake up and build a refinery, fertilizer plant and power station in one fell swoop?
May I ask. If it's strictly for local consumption, which should come first, the refinery or the oil drilling? Or are they planning to build refinery after they've stored the crude in geepee tanks?

Agbegbaorogboye:

Lol. Strictly for local consumption? You really believe that a govt that has 4 moribund refineries and has not been able to build a refinery in 24 years of democracy is going to suddenly wake up and build a refinery, fertilizer plant and power station in one fell swoop?
May I ask. If it's strictly for local consumption, which should come first, the refinery or the oil drilling? Or are they planning to build refinery after they've stored the crude in geepee tanks?

Oga Kaduna refinery would resume full operation next year after the ongoing maintenance

Katsina refinery has being proposed

And a refinery MOU has being signed out of the $3billion investment it attracted

Anyways if you like believe whatever suites you, even your very own Atiku knows the truth

Moh247:


According to Your cabal abi



Buhari, Bauchi, and Gombe State Governors, the indegeneous people of Kolmani whose land where taking for connecting roads, NNPC, Minister for state for Petroleum, AOML Consortium from Florida that is investing $3billion USD are all telling lies



All this Peter Obi supporters sef

Wetin concern Peter Obi for the matter now? Face the argument and stop looking for anti Igbo sympathy

Ogbuefi2020:

Wetin concern Peter Obi for the matter now? Face the argument and stop looking for anti Igbo sympathy

Ganisucks is an obi supporter, not the violent Zombidiots type but regardless an Obi supporter and I just called her what she is based on previous interaction

Moh247:


Oga Kaduna refinery would resume full operation next year after the ongoing maintenance

Katsina refinery has being proposed

And a refinery MOU has being signed out of the $3billion investment it attracted

Anyways if you like believe whatever suites you, even your very own Atiku knows the truth

Kaduna refinery has been billed to resume operation at least four different times by this administration
A refinery of less than $3bn is probably a modular refinery. But that is not my point.
My point is, if the exploration is strictly for local consumption as you say, should the refinery not be built first before exploration wills start? I think it is commonsense and logic.
Second point you failed to grasp is why the big oil guys in the north have not locked this wells down for their generations unborn if they were so lucrative?

Moh247:


Ganisucks is an obi supporter, not the violent Zombidiots type but regardless an Obi supporter and I just called her what she is based on previous interaction

The thread has nothing to do with elections, whether Obi supporter or not his comments you quoted is not in anyway about Obi

Agbegbaorogboye:

Kaduna refinery has been billed to resume operation at least four different times by this administration
A refinery of less than $3bn is probably a modular refinery. But that is not my point.
My point is, if the exploration is strictly for local consumption as you say, should the refinery not be built first before exploration wills start? I think it is commonsense and logic.
Second point you failed to grasp is why the big oil guys in the north have not locked this wells down for their generations unborn if they were so lucrative?

How would you build a Refinery down before having full geological report of your daily production output?! It's only reasonable to know exact barrels they can produce before investing in refinery

What made you think after signing Petroleum Industry Bill, it isn't a Northern cabal that AOML Consortium is fronting for, after all they know NNPC is now a private entity and it's not going to be like Niger Delta Oil where host rely only on the mercy of the president on payment of 13% derivatives

Again no investor would gamble his resources building a refinery in the middle of nowhere without full guarantee of oil supply

Ogbuefi2020:

The thread has nothing to do with elections, whether Obi supporter or not his comments you quoted is not in anyway about Obi

Why are you sentimental if I call Obi since he is also vying for the number one position

Agbegbaorogboye that I have qouted , I called him Atiku supporter and he isn't angry because on Political section we use logic not sentiments and I know where Agbegbaorogboye and Ganisucks alliance lies

If you don't want me to talk about Obi then let him withdraw from the race



.

Moh247:


How would you build a Refinery down before having full geological report of your daily production output?! It's only reasonable to know exact barrels they can produce before investing in refinery

What made you think after signing Petroleum Industry Bill, it isn't a Northern cabal that AOML Consortium is fronting for, after all they know NNPC is now a private entity and it's not going to be like Niger Delta Oil where host rely only on the mercy of the president on payment of 13% derivatives

Again no investor would gamble his resources building a refinery in the middle of nowhere without full guarantee of oil supply

You're still pushing the narrative of refinery and I'm still laughing at you. You think a refinery is something you build in six months? The fact is for the NNPC to claim a paltry 1bn barrel estimated reserve is a clue that the real quantity is not up to that. Especially if you consider the fact that the people throwing these figures are basically from the North.
Good you see that the $3bn is actually from the NNPC 30% revenue the PIB earmarks for oil exploration in the frontiers. I'm glad you're not blind to that fact.

Secondly like I told you, if oil was in such quantity in the NE, the likes of Indimi, Danjuma and even Atiku would have appropriated those wells before now. The North ruled this country for 30 uninterrupted years during which they allocated oil wells in the ND to themselves. You really think they will overlook the one in their backyard if such existed?
C'mon!!

Moh247:


How would you build a Refinery down before having full geological report of your daily production output?! It's only reasonable to know exact barrels they can produce before investing in refinery

What made you think after signing Petroleum Industry Bill, it isn't a Northern cabal that AOML Consortium is fronting for, after all they know NNPC is now a private entity and it's not going to be like Niger Delta Oil where host rely only on the mercy of the president on payment of 13% derivatives

Again no investor would gamble his resources building a refinery in the middle of nowhere without full guarantee of oil supply

is that why you raped your nephew and mother