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Nairaland Forum / Nairaland / General / Politics / Pib To Compel Oil Majors ( Shell, Mobil, Etc) To Establish Refineries (7855 Views)
Nigeria In Talks With Oil Majors To Repay Debt, Invest In Refineries / Firm To Establish Refineries In Ondo, Lagos / REPS Amends PIB To Include The Entire Country As ‘host Community’ Of Petroleum. (2) (3) (4)
Pib To Compel Oil Majors ( Shell, Mobil, Etc) To Establish Refineries by efisher(m): 7:00pm On Feb 09, 2012 |
PIB ’ll compel oil majors to establish refineries – Legislator February 9, 2012 by Stanley Opara (Punch) Mr. Dakuku Peterside is the chairman, House of Representatives Committee on Petroleum Resources (Downstream). He says the Petroleum Industry Bill, if passed, will facilitate full deregulation of the petroleum industry. He spoke with STANLEY OPARA. . . . Q: Some Nigerians are still not convinced about the real benefits of this bill. What do you have to say to such persons or group of persons? A: The PIB is a reform- focused act. This simply means that it will reform a system that has been running for many years without any major attention. First, it will harmonise all existing laws that concern the oil industry. Secondly, it intends to promote more transparency in the way business is conducted in the oil and gas industry. So, we need to inject transparency to it. Thirdly, more than anything else, the PIB hopes to make the local people in all the oil producing areas stakeholders in the industry. This also means that it will introduce a fiscal regime in the industry. In addition, there will be new legal and regulatory framework in the industry. It will also restructure the existing joint ventures. You know these lopsided ventures between the oil majors. This bill will definitely make these relationships more favourable to Nigeria and her people. The current joint venture agreement is skewed in favour of the multinationals. And so, if we must put the oil industry back in the hands of Nigerians, if we must put Nigerians in the driving seat of the commanding heights of the oil industry, then, we must restructure the existing joint venture agreements we currently have. Again, there is a provision in the PIB which says that if you produce a certain quantity of crude oil, it is mandatory that you must establish a refinery in Nigeria. And you can imagine the employment that will be created when you have many refineries across the country. Whether we like it or not, there will be a minimum of seven major oil companies that will be compelled by that law within 24 months to establish refineries in Nigeria. And so, common sense tells me that 24 months after the passage of the law, we will have a minimum of seven refineries. It is common sense application. You do not need any technical assistance to arrive at that. Therefore, if there is anything that will address the Nigerian situation especially as it relates to the oil God blessed us with, it is the PIB. Another important thing is that the PIB will significantly address environmental challenges associated with exploration and drilling of oil. It is one of the cardinal challenges we are facing in the Niger Delta. People say this environment is polluted and degraded. But the PIB will accommodate all of that. Read the full report here: http://www.punchng.com/business/energy/pib-ll-compel-oil-majors-to-establish-refineries-legislator/ |
Re: Pib To Compel Oil Majors ( Shell, Mobil, Etc) To Establish Refineries by ektbear: 12:48pm On Feb 10, 2012 |
How is it possible to force them to build refineries? Who will supply the billions of dollars to build the refineries? Wetin concern producer of crude oil with refining of same? They are entirely separate businesses. May as well compel them to build roads, power plants, provide security, etc too |
Re: Pib To Compel Oil Majors ( Shell, Mobil, Etc) To Establish Refineries by femmy2010(m): 1:01pm On Feb 10, 2012 |
ekt_bear: I wonder. |
Re: Pib To Compel Oil Majors ( Shell, Mobil, Etc) To Establish Refineries by Solozzo(m): 1:15pm On Feb 10, 2012 |
I think the key issue is admission that the govt is too corrupt and inept to run the refineries. The foreign oil producing companies have a track record of efficiency , and if they can run the refineries , good. The Fed. Govt may provide a large chunk of the initial capital and they can share profits on agreed terms. We also need to produce oil for local refining use , at a low rate than the exported one to make this a viable. The will eliminate importation of petroleum products. If this succeeds then the lives of those who died at subsidy removal riots will not be in vain. |
Re: Pib To Compel Oil Majors ( Shell, Mobil, Etc) To Establish Refineries by rolchi(m): 1:16pm On Feb 10, 2012 |
ekt_bear: My broda, See me see problem oh! How can you force someone to do a business in a democracy? Soon, Nigerians will begin to adopt this as a true position of things! |
Re: Pib To Compel Oil Majors ( Shell, Mobil, Etc) To Establish Refineries by gentleoyink: 1:16pm On Feb 10, 2012 |
@ekt /efisher How much will it take to build a Refinery, that you think Shell/Chevron cannot aford? I think mulitinational oil companies will be more efficient in operating a refineries than our Govt. has done so far. That na if this bill come out as them talk am o. |
Re: Pib To Compel Oil Majors ( Shell, Mobil, Etc) To Establish Refineries by Nobody: 1:16pm On Feb 10, 2012 |
ekt_bear: Though I don't expect to, but I am yet to see a refinery worth a billion dollars |
Re: Pib To Compel Oil Majors ( Shell, Mobil, Etc) To Establish Refineries by rolchi(m): 1:17pm On Feb 10, 2012 |
gentleoyink: My broda, it is just like saying "PIB to Compel the Nigerian Army to build refineries"! Will it succeed? |
Re: Pib To Compel Oil Majors ( Shell, Mobil, Etc) To Establish Refineries by kizito96(m): 1:30pm On Feb 10, 2012 |
They should build refinaries, they have milked the Government all in the process of importation of refined PMS |
Re: Pib To Compel Oil Majors ( Shell, Mobil, Etc) To Establish Refineries by Reference(m): 1:36pm On Feb 10, 2012 |
ekt_bear: Who gave them the billions to build power plants for themselves and the infrastructure to support their exploration activities. If they cannot comply with the conditions they should not bother to bid in the future. We own our resources not them and have a right to set whatever conditions we deem fit. The oil industry like many others is shifting east no longer to be dominated by Western Europe and North America. They should dismantle their refineries in Houston and send them down here or China will do the job like it did in Equitorial Guinea. |
Re: Pib To Compel Oil Majors ( Shell, Mobil, Etc) To Establish Refineries by ceejayluv(m): 1:37pm On Feb 10, 2012 |
ekt_bear:of course we can force them! We can also force them to stop gas flaring, to clean up all areas polluted by spillage, We make the rules and they must obey! |
Re: Pib To Compel Oil Majors ( Shell, Mobil, Etc) To Establish Refineries by jpphilips(m): 1:58pm On Feb 10, 2012 |
lets talk about this present day subsidy regime, the Cbn gov has already confessed he has evidence of round tripping , he said he paid subsidy on 15 fake vessels approved by customs. what did madueke do? nothing the reasons investors did not build refineries over the years was lack of cheap crude but the biggest reason is corruption how? licences were given to companies without the financial muscle to build refineries also part b of the license clearly states that these armed robbers have oil lifting license embedded in their refining license, tell me who will choose refining over lifting where he makes instant profit and inflated subsidy what did madueke do? nothing as usual do you know that NNPC does not have storage facilities for all those millions of products they are quoting and importing. how exactly does Nnpc wish to store 30million litres of pms? do you know that these fg goons went ahead to licence importers without storage facilities leading to the govt paying extra for storage on a product they are paying over 70 naira as subsidy can u beat this stup1dity and incompetence? what did iweala and madueke do? nothing, do you know that these leppers in Nnpc have no grading structure for imported pms low grade,mid grade and high grade all are pms same subsidy, same price even ethanol blends have subsidy paid on them, can you beat that? even abroad where the products come from have different prices. some are far cheaper than others which ordinarily should attract low subsidy what did madueke do? nothing. do you know that these bingos at Nnpc dont maintain their pipeline networks which ordinarily should link one depot to the other, they have to pay extra for tankers transporting these products all are subsidies. eventhough their foreign jv partners are maintaining over 1000 pipeline networks in Nigeria. what did madueke do? nothing. do you know that under madueke's watch demurrage is paid as subsidy to these importers . how cant they be reponsible for their import schedule? is it not commonsensical for madueke to prioritize the discharge of those vessels quickly in tank farms as not to attract demurrage for a product you are subsidizing? and they want us to tighten for a better future? which future ? can iweala,Sls and madueke plan for a sustainable future if given the task? dead failures. for every extra kobo you pay on pms you paid for madueke's incompetence. now they can see high expenditure but cant see how their incompetence is inflating the subsidy regime. Do u seriously think iweala will see it comming if it was true that economy will crash? Let us analyze the genere and politics of these issues There are more misnomers than facts surrounding this subsidy brouhaha. First, the Govt said the economy will collapse, ridiculous indeed secondly, the Govt said oil importers are a 'cabal', nearly fell off my seat. Comrades, there are no cabals, in 2009 the scarcity of petroleum products became intense and the Govt admitted that Nnpc through its subsidiary PPMC has failed Nigerians by their inability to meet up with the supply of pet. Products and that phenomenon gave rise to licensing of some people to 'assist' the Nnpc in doing their job for which they are paid for. Please don't forget that hitherto, Nnpc has been doing the importation and refining themselves before corruption eroded their common sense. These importers went abroad and came back with a price Nnpc is already aware of comprising of logistics, storage and administrative costs, these were quantified before they arrived at a price. The FG now fixed a price tag of 65naira on Pms and agreed to be reimbursing the importers the balance not oblivious of the fact that the landing cost is higher than the stipulated price To my greatest chagrin, the Jonathan’s administration woke up and termed them 'cabals' who are fleecing the nation. Assuming Ruben Abati goes abroad to buy a TM underwear for 1k and decides to sell it 1.5k adding purchase price plus logistics plus profit and the Govt tells him to sell at 900 naira, wont he ask for the 600naira balance? When the incompetent NNPC agrees to reimburse him, then he has become a cabal stealing from the GOvt? We are not docile, If Nnpc lived up to their responsibility, we won’t have need for the importers in the first place.There is no doubt that the subsidy regime is met with corrupt practices, is it not the responsibility of the govt to clamp down on those malfeasance? the Governor of central bank confessed during the town hall meeting that he paid subsidy to 15 fake vessels who connived with customs to falsify their papers. is this not fierce corruption? and we have a shameless commander in chief? by the way, how many naval officers patrol our waters on tax payers account? efcc,icpc etc The only solution that came to the minds of this disgruntled PDP administration is to remove subsidy into-to not minding its inflationary consequences. This is the si1liest approach any human being with brain if they have one can summon. Thirdly, Jonathan insulted the intelligence of Nigerians telling us that we don't benefit from this subsidy except for the importers and he had the unbridled temerity to be advertising it on NTA saying the rich are getting richer. This people are demons. When Ruben abiati's mother goes to the market to buy vegetable at a price, does he not know that the seller included cost of transportation to that price? So when the transporter buys PMS @ 65naira and fixes his price based on that, he says his mother did not benefit from the subsidy that guaranteed the price in the first place? In a generator driven economy like ours? It is either Ruben Abiati and his employers are drunks or they think that Nigerians are m0rons. I feel sorry for people that think that competition will crash the deregulated price erroneously juxtaposing it with GSM. Do you know that the price of crude being the raw material for refined pet. Products are sold at the same price world overl? If you agree to this, then, even if you deregulate and license 5million importers the product will still be expensive because crude itself is expensive. You will still need to subsidize it to 65naira, exactly why deregulation of diesel in part did not work.The only reason you have not bought diesel @ 200naira is because there are so many illegal refineries who bunker crude, settle JTF and refine diesel at a lower price. This people still pose a great threat to the importers who buy at a higher price that is why you get diesel @ 140naira elsewhere but in the delta i buy as low as 70naira. At this verge you will not over rule the fact that these unscrupulous elements contribute to the availability of diesel, if you are in doubt, anywhere you see cheap diesel, ask the dealer the source of his consignment If he is honest he will tell you the truth, when i was told, i took an hr 20mins boat ride to a remote village in the delta between Belema and Kola communities and i saw the local refinery myself. Conduct a chemical test on those cheap diesels if you are not convinced and you will realize a lot of additives are missing.Sounds incredible but those are the realities on ground.You now know why many importers in the delta hardly have diesel. I still feel sorry for those who think the Govt should build more refineries, that will not solve the problem either because there is no cheap crude to supply these refineries. Do you know that even the petroleum products from our present refineries at a disappointing capacity attract subsidy? that is what Sanusi is not telling Nigerians. This Sanusi's buisness model of increasing local price to attract investors is misleading. He should ask himself why so many buisnesses left the USA for Asia and Arrica between 1998 till 2008. The reason was because cost of doing buisness in America was high so there was need to tap into Africa's cheap land and asia's cheap labour. If you increase the pump price the spiral inflation will discourage investors, you pay high for land,labour, enegy etc. A brief insight in Nigeria's oil and gas model gives us a better outlook The oil production of Nigeria stands at 2.37 million barrels of crude daily. Nigeria get this crude in a JV (joint venture) with IOC's (international oil companies) and the Nigeria's cut stand btw 55% to 60% of the lot, if we go by 60% then, that gives a total of 1.4m barrels daily.If we average the crude price from 2009 till date, the price falls close to 100usd/bbl.In that case, Nigeria makes 140,000,000usd daily from this JV. Nigeria has a policy called DSO (domestic supply obligation) which mandates 250,000bbl/d of this crude to be refined and consumed locally,In monetary terms, the Nigerian govt is giving us 25,000,000usd worth of crude to refine. Our three refineries at optimum capacity utilizes about 450,000bbl/d which gives 45,000,000usd in monetary terms in other words, the price of raw material in this case, crude, accrued to our refineries comes at 45m usd per day , if you add refining cost and profit of 6usd per bbl,The total cost becomes 270,000,000usd per day.There is no way you can refine that crude at that price and sell it 65naira/ l and make profit. Meanwhile, once we mark out that 45m usd worth of crude for our refineries (assuming they are working at optimum capacity), the govt has already lost 45m usd from their 140m usd daily earnings (which will affect budget implementation) and after refining will still spend more money to subsidize it to 65naira/ l (you now understand why NNPC subsidizes the products from our refineries) With this analogy, you will agree with me that if all our refineries are working optimally, the govt will spend 3times our present day subsidy to bring the pump price down to 65naira/l . So, for those of you clamoring for refineries should be careful what you wish for because there is no cheap crude for you to refine. I have argued abinitio that the sales of other derivatives of crude will bring down the cost of most sort PMS,DPK etc but after doing some feasibility studies, i realized i was dead wrong. I further argued that to make cheaper crude available for our refineries, the Govt should reduce the price at which it is supplied unfortunately, the senate mandated the then GMD of Nnpc that the DSO must be sold at international crude price. This i believe was proposed for the following reasons: 1 the refineries are working below capacity so what the heck does Nnpc use the crude for? 2, there is a benchmark on crude price for budget implementation.With these reasons, any existing or yet to exist refinery in Nigeria will get crude at a high price and must need subsidy to sell at 65naira/ l, at this cross road, the then GMD of Nnpc decided that all crude should be exported and subsidy be paid on imported products. At this verge, i must reiterate here that competition amongst importers will only crash the profit margin but not cost price.Even if every Nigerian becomes an importer of pet. Prods, we can never change the fact that crude in the int l market is already expensive before thinking of refined prod. So we must need subsidy to make profit. Before this issue of subsidizing petroleum products can be addressed,You must have the following at the back of your minds: 1, Nigeria pegs a benchmark on crude prices to enable it implement budget. This stands at 75usd/bbl. And this crude is sort from the JV .2, if crude price exceed the benchmark above, Nigeria makes excess crude revenue (ECR) 3, conversely, if we make excess crude revenue, the price of subsidy on refined products shoot up.With the above analogy, One can argue that the ECR be used to subsidize imported petroleum products since both are a function of each other unfortunately in Nigeria, it comes with its own challenges. By law, the constitution clearly states that all revenue accrued to the FG be shared amongst the three tiers of Govt.This alone makes it illegal for the FG to keep the ECR to itself for whatever reason. This is where the wahala started, during GEJ's campaign, he astronomically increased workers salary without consulting the state Governors,most Governors have refused to pay on the grounds that they cannot afford it. On that grounds Taraba, jigawa and some other states have a genuine case.With the above development, the states started scrambling for funds and remembered the ECR and insisted it must be shared to enable them pay the new wage and develop infrastructures. you now understand why all state governors are for subsidy removal including the literally "one of us" comrade Adams oshiomole, because they know it will be shared just like the ECR The way forward: In the short run: All unions must ensure the FG, must consider these options, 1, identify and tackle the corruption and incompetence prevalent in the subsidy regime above. That will push down the cost of the subsidy in the first place.Like i said in April, no matter how sincere GEJ think his administration is, he cannot make any reasonable progress in the face of corruption, 2, the power projects must come upstream before removing subsidy, this will reduce the demand on pet. Products to a very great extent. 3, Nigeria must accommodate Gas export, port duties and other forms of revenue in their budget implementation policies. 4, Govt must never invest an extra kobo in our moribund refineries, by doing otherwise, the cost price of the refineries will rise to an extent that it will no longer be attractive to investors or will prolong their repayment plan.Thereby making it very capital intensive. 5, Instead of deceiving Nigerians with their cabal bullshit and deluding them that they don't benefit from this subsidy, the FG should channel that propaganda with intense lobbying to the senate,NLC and civil society organizations to stop the state governors from demanding for the ECR, this can be achieved by the FG asking the state to pay whatever increment they can afford for the workers that way the ECR will be used for subsidizing pet. Products. In the long run: Nigeria must seek local production capacity.It is no longer news that Nnpc and its subsidiaries have failed woefully in meeting the needs of the Nigerian people. Nnpc through its subsidiaries Npdc and Ngc are saddled with the responsibility of the above for oil and gas production respectively, but as i write, the current production of NPDC stands at a paltry 90,000bbl/ day which is a huge failure for an agency set up 23yrs ago, The IOC's has made us believe that it will cost less than 12usd to extract 1bbl of our oil. The Management of NPDC must be reshuffled and if possible experts brought in on contract basis to improve NPDC's production.These experts must be placed on targets appraised by milestones. in ogoni land for instance, Anglo dutch has a lot of abandoned production facilities and marginal wells and others scattered all over the country, these can be bought by NPDC with the money FG want to waste on refineries to improve production, If NPDC can extract oil at 12usd/bbl and make a little profit, with this cheap oil available, Nigeria will have no reason going to the JV. This cheap crude is what will attract investors to build refineries and create jobs against sanusi's pump price increase to attract investors and create another monster called INFLATION, A 250,000bbl/d refinery will cost a little above 5b usd, dangote alone can afford two of those only if NPDC can guarantee cheap oil. This is why no investor is coming to build refineries. A crude price of 18usd/bbl from NPDC will guarantee pump price of less than 22naira per litre of pms from these refineries.With this plan,By the end of this Administration, NPDC will have robust production capacity and the refineries will guarantee steady refined products. These refineries shouldn't be operated by the Govt for any reason.The FG will generate revenue from both ends, export of crude and export refined products and the production of NPDC must be increasing periodically. this is necessary because Nigeria as a member of OPEC has a limit to crude export but we can earn more revenue from petroleum products export. Once the above takes effect, there won’t be any need to be paying subsidy because pump price will be around 23naira/ l and inflation will reduce by 40‰. Now, how competent is Allison Madueke and iweala if they can’t figure this out? To think of removing subsidy at this stage where there is no electricity and high corruption rate will be tantamount to economic suicide. I cant believe iweala and sanusi are using trial and error approach to economic solutions please try the next country or preferably Haiti. What iweala forgot is that in the face of inflation, the cost of running Govt projects will be high, All Govt contractors will definitely come back for contract variations or Abandon those projects. As a sound economist, she should tell Nigerians the value of 1.3 trillion naira ( she intends to save on subsidy removal) in the face of 60% inflation and how many projects Nigerians will benefit from the subsidy removal.If you remove subsidy and the money disappears, then it is a NO NO for Nigerians. Now, let us analyze possible solutions to this economic quagmire. I have a deal for iweala. fight corruption and inefficiencies in the subsidy regime and bring it down to 300billion for this year. The management of Npdc must have a target of 150,000bbl/d by dec 2012. on january 2013 subsidy will go by 50% and by dec 2013 Npdc should guarantee 200,000bbl/d on 1st january 2014 subsidy must go 100%. with or without the refineries on ground, then if Nigerians are sacrificing, they will know it has a limit pending when refineries that will utilize the cheap oil on ground arrives. tell me what WE are sacrifising for today? eternal slavery? I and my generations cannot and will not sacrifice for Govt's incompetence. All unions should never accept partial deregulation, it is more dangerous than total deregulation because Nigeria hasn't a price regulatory agency who ordinarily should put the markets and commuters on check. Deregulation in the down stream sector is not same as telecoms, we need structures to support it which Nigeria have not got unlike the later. God bless you as you fight this battle for mankind Written by; concerned oil and gas activists |
Re: Pib To Compel Oil Majors ( Shell, Mobil, Etc) To Establish Refineries by buttkick: 2:12pm On Feb 10, 2012 |
i am no expert in the field but the little i know is that some fat cats in the nigerian beaurocracy must have been looking the other way while the oil majors just drill and add no value to the system. incase we dont know nigeria is actually a gas rich rather than oil rich nation. the gains of the gas reserves is just being skimmed by the lng project. common sence should have made it mandatory that since while drilling for oil will automatically yield billions of cubic litres of associated gas there should be a proviso of what plans with concrete time lines any coy that is interested has in the pipline. but no not in my country they just sign lopsided contracts. the oil coys get thier drill bits and heads into the ground , the oil flows and the abundant associated gas is flared wastefully. the amount of gas availlable can light up every house hold in west africa if harnessed properly. quote me. on the compulsion to build refineries as part of the drilling contracts it is just an attempt at ensuring tha value is added to the system. a proviso that contracts are tied to building of refineries is good so that employment opportunities are generated bringing trickle down effects on the econonmy. it will also stimulate competition in the down stream sector which will improve service and pricing at the end of the day. you would have thought this should have been on the front burner all these years while our legislators wine and dine but nada it is nigeria my dear country they have more pressing issues of national interest to attend to. somebody pls tell me my head is in the wrong place. |
Re: Pib To Compel Oil Majors ( Shell, Mobil, Etc) To Establish Refineries by phreakabit(m): 2:20pm On Feb 10, 2012 |
Reference: [size=14pt] Bros you say oil exploration. I think you mean exploitation. These western corporations are abusing the privilege given them by Nigeria. They have messed up our waters (it affects every part of Nigeria), polluted the air (I dont mean fart ) and have given absolutely nothing back in return. I fully support your call.If they fail to adhere, get them OUT, and get China IN.[/size] |
Re: Pib To Compel Oil Majors ( Shell, Mobil, Etc) To Establish Refineries by Beaf: 2:42pm On Feb 10, 2012 |
Solozzo: The bolded is a bit of a joke. The clause about coercing oil majors to build refineries is not new, in fact it is several years old. We Nigerians for some peculiar reason, prefer to remain ignorant and to also act in ignorance; that is why the nation embacked on truly id!otic protests to remain slaves to the subsidy, whereas they should have been burning down the place for the PIB. The PIB guarantees so much for Nigeria, it would multiply our earnings from the oil industry by a whopping 7 times. But the oil marketers and majors naturally see it as an impediment to their fraudulent cash and Nigerians being the ignorant beings that we are, took to the streets to fight on the side of the marketers! How crazy can things get? Sometimes you wonder! |
Re: Pib To Compel Oil Majors ( Shell, Mobil, Etc) To Establish Refineries by Beaf: 2:47pm On Feb 10, 2012 |
rolchi: You sign a contract to drill oil. If you don't like the contract, you leave it; someone else will sign. Its that simple. The oil is ours. I find it strange that fellow Nigerians should take up their time to promote ways for Shell and their likes to exploit and colonise us. It is a thoroughly disgraceful attitude. |
Re: Pib To Compel Oil Majors ( Shell, Mobil, Etc) To Establish Refineries by Beaf: 2:49pm On Feb 10, 2012 |
Can someone tell jp philips not to post his long stories? |
Re: Pib To Compel Oil Majors ( Shell, Mobil, Etc) To Establish Refineries by efisher(m): 2:58pm On Feb 10, 2012 |
It's our oil and our country. If you don't like the contract terms, then get out. Simple! |
Re: Pib To Compel Oil Majors ( Shell, Mobil, Etc) To Establish Refineries by phreakabit(m): 3:09pm On Feb 10, 2012 |
efisher: As simple as that! Business is all about mutual benefits. Why should one side take all the gains ? |
Re: Pib To Compel Oil Majors ( Shell, Mobil, Etc) To Establish Refineries by aljharem(m): 3:15pm On Feb 10, 2012 |
ekt_bear: Gbammmm efisher: LOL, What terms are you talking about ? What if they decide not to build the refinary, what would happen ? Chase them out ? Ok we chase them out, what happens next ? fall back to square 1 which I have always predicted, the government would have to do it own refinaring herself isn't it? Are we not back to square 1 now ? Is that not why people asked the government to build her refinary before the removal of subsidy. Na wa o |
Re: Pib To Compel Oil Majors ( Shell, Mobil, Etc) To Establish Refineries by aljharem(m): 3:17pm On Feb 10, 2012 |
phreakabit: Yes correct and the benefit they are giving Nigeria is buying her oil and refining it for her. If Britian can have BP USA can have shell and chevorn Saudi can have aramco WHY CAN'T NIGERIA HAVE ONADO OR NNPC with her own refinary ? for crying out loud |
Re: Pib To Compel Oil Majors ( Shell, Mobil, Etc) To Establish Refineries by kim77: 3:18pm On Feb 10, 2012 |
Enough is Enough, they ve milk our resources for years , polluted our water. This is our resources , so we set the rules , if they don't like it they should go and let country like China comes in, Its high time all the so call western power starts to respect us. They ve taking us for ride for too long. |
Re: Pib To Compel Oil Majors ( Shell, Mobil, Etc) To Establish Refineries by aljharem(m): 3:21pm On Feb 10, 2012 |
kim77: [size=14pt]And after you chase them out, what would you do ? drink your oil or what people why not ask your government to build her refinary for his indigenous government oil company at least 1 so we have a bargaining power. Why do we reason like this in Nigeria [/size] |
Re: Pib To Compel Oil Majors ( Shell, Mobil, Etc) To Establish Refineries by phreakabit(m): 3:22pm On Feb 10, 2012 |
alj harem: You have always been the most myopic of the Lot. Ever heard about alternatives? China would be more than willing to do what is being requested if not more. As a mater of fact China and the western world are currently engaged in an underground tussle for Africa. Read more articles on international politics rather than being NL's official bigot champion. |
Re: Pib To Compel Oil Majors ( Shell, Mobil, Etc) To Establish Refineries by Nobody: 3:29pm On Feb 10, 2012 |
efisher: I practically agree with you but NOT on this issue |
Re: Pib To Compel Oil Majors ( Shell, Mobil, Etc) To Establish Refineries by Nobody: 3:33pm On Feb 10, 2012 |
your oil and your country, so build the damn refinery yourself |
Re: Pib To Compel Oil Majors ( Shell, Mobil, Etc) To Establish Refineries by Nobody: 3:38pm On Feb 10, 2012 |
@oyb Culled from ur signature GEJ loves power and all its trappings. The only problem is that he doesn't seem to realise that power comes with responsibility and sacrifice. He thinks it all about posing for photographs, making empty promises, and flying around in presidential jet And the same goes to all ex-Nigerian leaders who has been victims of your idiosyncrasy! GEJ cannot be exceptional |
Re: Pib To Compel Oil Majors ( Shell, Mobil, Etc) To Establish Refineries by aljharem(m): 3:39pm On Feb 10, 2012 |
phreakabit: Talking about Mypoic views you are not better yourself. How does the western world and china after common logic You see my friend simplicity is brilliance. Being open minded and view things for a simply point of view would make one find a solution to something not just be overly complicating things. That is why Nigeria is and would still remain under-develop until we wake up and do the right thing at the right time Now wake up my brother. So according to you, once the shell and co leaves, Chinese companies would come and be the new over lord in the pretence of building our refinery right ? Changing one master to the next is the New game plan ? Why not free yourself and acquire wealth yourself that would rival that of China and the western world Our people say It is only an fool that would keep buying pounded yam when he has yam himself at home. Maybe it is high time Nigerians start engaging in thinking. |
Re: Pib To Compel Oil Majors ( Shell, Mobil, Etc) To Establish Refineries by Nobody: 3:41pm On Feb 10, 2012 |
Ranks007: dude, your hatted monkey asked if we wanted fresh air in nigeria. those of us knocking him knew the only thing we would get fro him was a pit latrine, even though muppets like you spammed this board like the man was the second coming try again, and stay ontopic |
Re: Pib To Compel Oil Majors ( Shell, Mobil, Etc) To Establish Refineries by aljharem(m): 3:42pm On Feb 10, 2012 |
oyb:Gbaammmmm thank you. so atleast they can shut up we cannot build our own oil company If Britian can have BP USA can have shell and chevorn Saudi can have aramco WHY CAN'T NIGERIA HAVE ONADO OR NNPC with her own refinary ? for crying out loud |
Re: Pib To Compel Oil Majors ( Shell, Mobil, Etc) To Establish Refineries by Nobody: 3:53pm On Feb 10, 2012 |
oyb: More to this the Fresh air he emitted was contaminated by evil minded people like you somewhere on our map. They didn't like him from the onset just like you did and even do today. A product of a failed government who later inherited it, it's still as good as blaming Obama for America's woos. Please can you tell me one good Nigerian government you voted for, since you good at prognostication? Knowledge is eminent but wisdom isn't? |
Re: Pib To Compel Oil Majors ( Shell, Mobil, Etc) To Establish Refineries by Jarus(m): 3:55pm On Feb 10, 2012 |
oyb: HMMMN, oya close your laptop and face front. |
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