This country is literally doomed and the biggest victims of the coming disaster are too stupid to even realise what is about to befall them.

So importing crude oil is now thesame as importing petroleum products? Ah na wa oo. School good true true.

Two different things though, I mean Refined and Crude oil. I mean if he doesn't get enough crude for refining, he can actually argument it with imported crude. But there's nothing these elites can not do to us the poor, there's 99.9% possibility in what David hundeyin predicted

ShoeGetSize:
This country is literally doomed and the biggest victims of the coming disaster are too stupid to even realise what is about to befall them.

The probIem with many of u is that u are so wise in ur own eyes.

abhosts:
Dangote refinery is Dangote's refinery and not Nigeria's refinery. APC did a very good job in hoodwinking the Nigerian public into believing they had a stake in its outcome.

Nigeria has a 30% share in the refinery

Mynd44:

Nigeria has a 30% share in the refinery

10% u say 30%

Dangote is the sole reason the Naira plummeted, but somehow Emefiele resisted pressure to float it ....

Dangote will be the sole reason why Naira will clock 2500 against the dollar because.......

He buys crude oil in dollars, from abroad.
He sells refined products in Naira.
When next he buys, how will he access USD?

Once you have a corn in your back pocket.....say goodbye to critical reasoning!

ShoeGetSize:

You are mixing it up. Both your screenshots are conflicting.

Fuel (refined crude oil) is different from crude.

Isobug:
Two different things though, I mean Refined and Crude oil. I mean if he doesn't get enough crude for refining, he can actually argument it with imported crude. But there's nothing these elites can not do to us the poor, there's 99.9% possibility in what David hundeyin predicted

But Dangote claimed to have gotten from NNPc the sufficient quantity of crude to begin production. I'm yet to see 1truck of diesel leave the refinery.

GeneralDae:
So importing crude oil is now thesame as importing petroleum products? Ah na wa oo. School good true true.

😂😂 True true, school is not a scam.

Isobug:
Two different things though, I mean Refined and Crude oil. I mean if he doesn't get enough crude for refining, he can actually argument it with imported crude. But there's nothing these elites can not do to us the poor, there's 99.9% possibility in what David hundeyin predicted

As per the law. He can't. Except he later gets issued a license.

Nigeria currently don't have the capacity to supply Dangote Refinery.

We have sold off a lot of our crude oil for cheap on future contract because Nigeria was having difficulty selling crude and our politicians need money to loot and just couldn't wait.

Dangote's refinery was supposed to ensure the full indigenisation of every aspect of Nigeria's downstream oil sector from refining to marketing of the finished petroleum products.

Remember, the key objective of the refinery is a 100% Nigerian controlled industry. So we should NOT be hearing ANYTHING about importing either fuel or crude by a refinery which was allegedly built to do the EXACT OPPOSITE.

Anyway, thank you for proving my original point about the average Nigerian's lack of a discernible IQ. You really gave me a good chuckle this morning.

GeneralDae:
So importing crude oil is now thesame as importing petroleum products? Ah na wa oo. School good true true.

Goodvibes007:

😂😂 True true, school is not a scam.

JagabanB:

The probIem with many of u is that u are so wise in ur own eyes.

ShoeGetSize:
Dangote's refinery was supposed to ensure the full indigenisation of every aspect of Nigeria's downstream oil sector from refining to marketing of the finished petroleum products.

Remember, the key objective of the refinery is a 100% Nigerian controlled industry. So we should NOT be hearing ANYTHING about importing either fuel or crude by a refinery which was allegedly built to do the EXACT OPPOSITE.

Anyway, thank you for proving my original point about the average Nigerian's lack of a discernible IQ. You really gave me a good chuckle this morning.

Then what is the point of bringing up David Hundeyi's post? David Hundeyi spoke about Petroleum products importation and that's not what's happening. That doesn't even make any sense because nobody would invest 19 Billion dollars for a refinery only to use it as a storehouse for imported petroleum products. Why go through that stress?

Also, Dangote even right from 2019 in his interviews have made it clear he would not depend only on NNPC alone for crude. He would import crude. So you are wrong. The capacity of the refinery is 650 000bpd at full capacity. NNPC only has about 500,000bpd of crude and can only give Dangote 300,000bpd. So Dangote was always going to import crude.

Also, America exports and imports both crude and refined petrol. Even when we had working refineries (warri and PH), we still imported crude sometimes.

Dangote was built in a free trade zone. The end goal is to import crude from countries and sell refined crude to those countries. If they get 300,000bpd crude from Nigeria, then they allocate to Nigeria that worth of refined petrol.

24SEVEN:

But Dangote claimed to have gotten from NNPc the sufficient quantity of crude to begin production. I'm yet to see 1truck of diesel leave the refinery.

That's the problem with Dangote, NNPC, and almost everything Nigeria. Their communication on these things leaves much to be desired. NNPC is even worse. They make you believe PH refinery would begin December 2023, only to tell you it's mechanical completion.

PureFace1:
Nigeria currently don't have the capacity to supply Dangote Refinery.

We have sold off a lot of our crude oil for cheap on future contract because Nigeria was having difficulty selling crude and our politicians need money to loot and just couldn't wait.

Nigeria does. We have 400k barrel for daily consumption used in crude swap. Let them supply it to dangote

History555:


Nigeria does. We have 400k barrel for daily consumption used in crude swap. Let them supply it to dangote

Dangote is 650k bpd at full capacity. So the capacity is more than the 400k you say NNPC has. Also, NNPC would still have to supply modular refineries and PH from that as well. So Dangote always knew he would have to back up with importation.

ShoeGetSize:

There's a difference between crude oil and petrol

Paraman:
There's a difference between crude oil and petrol

Can you beat your chest that whatever is imported is crude not petrol? With evidence. Or you just believe news put out for your consumption.

ShoeGetSize:

how is imported fuel the same as imported crude oil.

OneCandleAway:


Can you beat your chest that whatever is imported is crude not petrol? With evidence. Or you just believe news put out for your consumption.

Can you beat your chest that whatever is imported is Petrol not crude?

The likes of Bloomberg who made the report are lying, it's you that's saying the truth

History555:


Nigeria does. We have 400k barrel for daily consumption used in crude swap. Let them supply it to dangote

You must not be current with the news and what's 400k barrel going to do for Dangote refinery ?

Mynd44:

Nigeria has a 30% share in the refinery

show me evidence

A cynic is someone who knows the price of everything but the value of nothing.

fortunez1:
how is imported fuel the same as imported crude oil.

Hahahah!!! Urchins! urchins!! urchins!! How many times I call UNA.
What in the world happens to people's brain immediately they join APC
1)Nigeria was doing crude swap with countries that have refineries because, we were told that our refineries are pumpkins, okayoooo!
2) APC cabals promised us that when dangote takes off, no more crude swap will be needed, since local supplies will be met, the rest of the crude will be traded internationally as is usual for forex earnings, okayoooo!!
3) information conclusion from 1) and 2) above showed that our crude is bigger in quantity than whatever dangote will consume even at 100% production.
4) David hundeyin told us that this producers whom APC promised us will start supplying retailers with imported fuel
5) we are now told that dangote is about to import crude, even at low production capacity, but wait, APC told us we have crude to supply dangote, while excess will continue to be exported
6) so why is dangote paying for a crude we were told has already been piped to dangote for refining
7) in conclusion the news in 5) renders 1) and 2) as lies, making 3) a joke but if they are true, what then is dangote importing, we decided to search, then we met this information that hundeyin had given us some months back, then the whole fraud made sense.

Paraman:
Can you beat your chest that whatever is imported is Petrol not crude?

The likes of Bloomberg who made the report are lying, it's you that's saying the truth

So to you all foreign media speak the truth at all times.

OneCandleAway:


Can you beat your chest that whatever is imported is crude not petrol? With evidence. Or you just believe news put out for your consumption.

The news was first reported by Bloomberg. Did Dangote bribe Bloomberg to report crude when it's actually petrol he ordered.

OneCandleAway:


Can you beat your chest that whatever is imported is crude not petrol? With evidence. Or you just believe news put out for your consumption.

You're brainless and your brain has completely damaged by fake news monger Hundeyin. Obedients are unpatriotic elements.

jude79:



Hahahah!!! Urchins! urchins!! urchins!! How many times I call UNA.
What in the world happens to people's brain immediately they join APC
1)Nigeria was doing crude swap with countries that have refineries because, we were told that our refineries are pumpkins, okayoooo!
2) APC cabals promised us that when dangote takes off, no more crude swap will be needed, since local supplies will be met, the rest of the crude will be traded internationally as is usual for forex earnings, okayoooo!!
3) information conclusion from 1) and 2) above showed that our crude is bigger in quantity than whatever dangote will consume even at 100% production.
4) David hundeyin told us that this producers whom APC promised us will start supplying retailers with imported fuel
5) we are now told that dangote is about to import crude, even at low production capacity, but wait, APC told us we have crude to supply dangote, while excess will continue to be exported
6) so why is dangote paying for a crude we were told has already been piped to dangote for refining
7) in conclusion the news in 5) renders 1) and 2) as lies, making 3) a joke but if they are true, what then is dangote importing, we decided to search, then we met this information that hundeyin had given us some months back, then the whole fraud made sense.

NNPC just has around 488,000 bpd which they were using for crude swaps. Dangote at full capacity is 650000bpd.
If Dangote is importing petrol, Bloomberg who were first to see the receipts of the order would report to the world that it was petrol but they said crude. You are the one saying petrol because your influenza said so. Why should we reject Bloomberg's report and take the guesses of your political media influenza as truth?