Agabusta's Posts
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If the Buhari administration can indeed end importation of fuel products by 2019, that will definitely be regarded as a brilliant performance in the petroleum sector. |
He has really brought shame upon himself by his refusal to service his loans. Can he sincerely tell us he has not been making the cash that can sustain the loan? |
iamDiabolic:Its not the FG, it is Vanguard stoking tension. The security agencies in Nigeria needs to put Vanguard under the spotlight. They tactically support anything working against the interest of Nigeria as a single entity. I had always suspected that the effects of the bombings were not as serious as portrayed by the media. It was a strategic strategy by the FG. The FG also knows this but kept quiet, Vanguard has now put it upon itself to announce to everybody that our production was just affected a little by the bombings. Vanguard was also the first to announce to the whole world (including the militants) that the FG has gone ahead to repair the NPDC pipelines that were bombed. And they even did the reportage in a way to spite the militants and spurn them to rebomb the place. I have been studying the way Vanguard reports its news since last year, they are usually styled to invoke tension. There report of anything Biafra is also in that way. They go the extra mile to work on the emotions of both pro and anti Biafra elements by their pathetic headlines. And whenever Biafra/fulani herdsmen/militant news comes up, they usually over-flog it just to sustain the tempo of exchange of ethnic/tribal bashings. |
Nigeria is moving ahead! Enemies of progress will not like this. No wonder the FG was not even shaking, they knew all along. |
[size=18pt]Oil exports on course despite militants’ attacks[/size] By Omoh Gabriel, Business Editor, with agency reports Nigeria in May exported 1.89 million barrels per day, contrary to fears that crude export has dropped to as low as 1.3 million barrel per day. Data released by Windward, a maritime intelligence firm showed that Nigeria’s crude oil exports in May dropped by just 62,000 barrels per day (bpd) from April, with exports still reaching 1.89 million bpd. Windward tracks all exports coming from Nigeria including crude oil, condensates and ship-to-ship transfers, so its figures are nearly always higher than estimates of crude oil production alone. But its figures indicate that Nigeria exported between 300,000-500,0000 bpd more than what OPEC and other agencies thought it had produced in May. Repeated militant attacks Nigeria, according to the firm, kept exporting crude oil at a largely steady pace in May, though below historical levels, despite repeated militant attacks on its infrastructure that drove output down to 30-year lows and helped global prices rise, the data showed. The data from the maritime intelligence firm, Windward, and Thomson Reuters revealed a far smaller drop in exports from April to May than most in the market had suggested. It suggested that Nigerian oil production is more resilient than many thought. The oil industry has been grappling with a spate of militant attacks that took out the Forcados crude oil stream in February and affected Bonny Light, Brass River and Escravos in May, mainly by targeting pipelines taking crude to export terminals. An accident on the terminal exporting Qua Iboe, its largest oil stream, further knocked production and led the International Energy Agency (IEA) to declare May production at 30-year lows of 1.37 million bpd. But Windward showed May exports dropping by just 62,000 barrels per day (bpd) from April, with exports still reaching 1.89 million bpd. The figures are significant, particularly as the government announced a 30-day ceasefire with militants yesterday that could forestall further attacks on oil sites. “It was the gains from small fields that offset declines from others,” said James Davis, head of crude supply at FGE Energy. “The disruptions in the fields that were out was pretty much what we expected. What we didn’t expect was the marginal increases in other fields.” Reuters data showed total exports in May at roughly 1.67 million bpd, down from 1.77 million bpd in April, and also a rise in exports of grades including Bonga, Agbami, Antan, Amenam, Okwori that helped offset the losses. The figures remain sustantially below the close to 2 million bpd Nigeria has exprted in the best of times. Still, they suggest that many industry observers, for example the “secondary sources” polled by OPEC that pegged Nigeria’s May production at around 1.4 million bpd, were overly pessimistic about its ability to keep pumping. Trade sources noted that some of the oil could have come from crude stored at export terminals and on ships offshore. But these volumes are not typically substantial in Nieria, and most traders noted that oil kept flowing from streams that had been repeatedly attacked, including Bonny Light and Brass River, while the Qua Iboe outage was shorter-lived than expected. According to Windward data, 22 million barrels exported in the last 10 days of May pushed exports closer to par with April. Davis said the full ramifications of Nigeria’s unrest remain unclear. The rise in Qua Iboe exports would be offset by further declines in Bonny Light and Brass River, both of which have faced additional strikes. “The real impact would be whether there is damage at a field level that is significant enough to have a long term impact” Davis said. http://www.vanguardngr.com/2016/06/oil-exports-course-despite-militants-attacks/ |
deavicky:Yes of course. And even flowing sef. |
macaranta:OPs explanation is very logical! Are u aware that the River flow is from the supposedly dried area?? Yes, the river is flowing from this direction. If the River is indeed dried up, then why is there water flowing away at the other side of the bridge? Does it not seem logical to u too, that if indeed the River is dried up, then there will not be a flow at the other end. The explanation to this is simply that the River is still flowing beneath the compacted layer, and this is what constantly supply the other side with a continuous flow of water. |
amakenny:Kindly maintain your silence if you dont understand legal matters. That you are granted bail for one offence while being tried by one Fed Govt Agency does not mean you cannot be arrested by another govt agency for another offence. Why are you turning a blind eye to the submission of the Appeal court. Or you are more knowledgeable in legal matters than the Appeal court judges?? No order was disobeyed. The court granted him bail when being tried by the EFCC. He was released from the Nigerian Prison custody after the bail was perfected but was arrested by DSS for another offence and is being tried in court on that. |
Don't mind the hypocritical West. They are just looking for countries to rule indirectly in order to control their way of governance, control their international relations to others, control their economy, control their domestic issues, etc. Any country that resists is given bad press. US will never beam their search lights on human right violations of their allies. E.g. Saudi Arabia. Saudi Arabia and it's Arab friends are the principal reasons the civil war in Yemen is being sustained. US and co will turn a blind eye to that, but will be eagle eyeing Russia everywhere. This is no big deal actually, because it has implications for their strategic interest as a country, it's just the hypocrisy involved in the double standards that is pathetic. |
freshdude99:Keep quiet Oga. Must everything be Yoruba vs Igbo? Someone made a petty myopic comment, the next thing is for you to be introducing a tribal dimension into it. Cant you constructively criticize him the way the other person has been doing? |
Good! The fight against corruption aint a joke. This is just the intro sef. |
Stolen:What makes u think you are the one that is right, and they are all wrong?? Have u ever paused to think on that? That is the major problem I have with a lot of you bigots from the south. You are the greatest hypocrites of our time. You claim someone killed someone out of tribalism, people differed on that opinion including even the children of the person, and you are still going up and down screaming as if you have monopoly of wisdom. What you are doing is simply intolerance to the opinion of others. The exact thing you accuse PMB and others of. |
Lalasticlala, Mynd44 OAM4J we need this news with confirmed names on the front page! |
The organisers really messed up. Ordinary small family party sef, I usually ensure I have 2 stanby generators. Let alone such an international event. Infact, recent eye-openers has even revealed to me that if they made arrangements with PHED i'm sure they can give them power throughout the event. I have witnessed where all stanby generators went down at an important event, and someone at the event placed a call to a contact with the power distribution company and light was restored. It was like magic to me. It was then I realised that in this Nigeria, power pass power. The organisers obviously did not do their home work well. |
Congratulations. It is good to have Nigerians doing us proud over there. It will not make the narrative to be one sided. "We know some Nigerians are bad eggs, but some others are also rendering their intelligence, good behaviour and creativity to the world at different places." Nice one Mr Mayor. Continue your good works. May God give you the wisdom of Solomon to perform beyond expectations and further make us proud. |
bakila: ![]() |
How come some nairalanders are usually at the fore front of protecting their invisible and bad ass Niger Delta Avengers. ![]() Before they say anything about NDA, you'll see them rushing in faster than the NDA themselves. Of course the NDA are not invisible. Local folks in the Niger Delta knows them. And they will soon expose them by the time they realise that NDA will bring more harm than good to them. In NDA's little capacity, how have they helped the masses over there?? If not that they intimidate and bully them sef at every opportunity. Freedom fighters my ass. |
Wow. Nice collection ![]() God bless PMB. God bless us all. |
ade2bad:You better weep for your bigoted self. Your bias is an evidence of your bigotry because majority of the names above are Northerners! This reverse psychology of crying foul all over the cyberspace premised on selective reading does not fool anybody. |
Wildrage:Oga keep quiet. How can there be development and performance from a regime, if the regime does not feel protected?? For a regime to deliver, it must be well protected. It is then, they can champion worthy cause without fear or favour. No matter how well trained officers are, or the cost of training them, when they become a risk, they are expendable and will be disposed. Go and ask the CIA. Your other rantings about tribal bigotry is false from the story above. We can see a good mix in the senior officers retired. In fact, majority are Northern elements sef. |
How come wailing zombies find it difficult to see that Dansuki caused the deaths of so many people through this arms fraud? Both civilians and military men. Or is it because majority of the people that were severely impacted by the boko haram war are northerners?? A lot of people are actually heartless hypocrites. They call some other people bigots, but their own actions betray their hypocrisy. How can u loot funds meant to purchase arms in the middle of a war. The punishment for that should be death by firing squad. Because you are tactically giving support to the enemy. |
Standing5:Anywhere-belle-face reasoning. |
Foreign companies don't give in to blackmail easily. Most of their home countries have sound intelligence agencies that gives them correct info. They know the current agitation by NDA is simply based on greed and not human right. They are just using the 'freedom fight'as a blanket for their greed. Most of these guys made serious cash on pipeline surveillance contact during GEJ. They were at the same time bunkering and making additional exorbitant cash from illegal sale of crude. PMB has put a stop to this and at the same time put a serious leash on the financial sector through the BVN. The BVN is the main joker PMB has used to save Nigeria from imminent civil war. It has firmly put the financial sector under the control of the govt. All those looted funds some people were banking on to forment trouble has been frozen. hehehe |
Good brilliant move! Officers exposed to too much cash are a threat to National Security. Its greedy people like them that usually plunges African countries into long protracted civil wars. Most of the civil wars in Africa are caused by ego, greed and selfish interests. A typical example is Sudan. They fought a 50 year civil war. The North finally separated from the South. Before the world could finish breathing a sigh of relief, the south has already started fighting another civil war within its enclave. It's no brainer, most of these war lords are just fighting for position and power, chiefly to loot, and not to serve. They usually brand their greedy selves. 'freedom fighters'. They use freedom fight as a facade for their greed. You'll see them fighting a bitter civil war where millions are starving, but the freedom war Lords will be stinkingly rich. Anywhere a good resource is found in Africa, it most likely results into protracted wars just because of too much greedy interests. The Sierra Leone civil war is another example. If we don't drop bigotry fueled by ego, Nigeria will soon be plunged into a terrible protracted civil war, with different greedy groups fighting to be in control. It's not going to be pretty for anybody/group. This is good move I repeat again. The National Security Adviser, Mungono is really doing a good job. It's not new, Obasanjo also retired those military chaps that were exposed to too much cash by Abacha and Abdulsam. It's only naive GEJ that didn't envisage the dangers in exposing the military to exorbitant cash. |
KwoiZabo:Burutai was commander of the joint multinational task force. |
Nice one. |
I think this is a good settlement. They are to pay a about 43% of the initial hefty fine. While it is good to punish errring companies, the punishment should not be that which will make them fold up. And if corporations are given such fines, they will definitely sit up. If this is the way all these oil companies polluting the Niger Delta have been made to pay fines, corporate pollution would have been brought to the barest minimum in that area. |
Are people not looking at demographics again in the allocation of projects? Kano and Lagos host a sizable number of Nigerians and they are expected to have the highest allocation of projects (infrastructure). All these roadside journalists sef. I just hope they wont give us problems in this country. Must everything be tribalized?? |
Ibadan! ![]() Nigerian women sabi hustle. All for the welfare of their families. God bless all hardworking Naija women. God bless your hustle. And may God give you reasonable children that will give you care and peace. |
jayriginal: ![]() |
2undexy:difficult to read |
Chai! These lazy peeps (according to the governor) has finally embarrassed the state governor despite his lamentation. |
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