Beaf's Posts
Nairaland Forum › Beaf's Profile › Beaf's Posts
1 2 3 4 5 6 7 8 ... 248 249 250 251 252 253 254 255 256 (of 876 pages)
[size=14pt]Explorationists flay delay in passage of PIB[/size] By Emeka Ugwuanyi The Nigerian Association of Petroleum Explorationists (NAPE) has described the non-passage of the Petroleum Industry Bill (PIB) by the National Assembly as an embarrassment to the country. NAPE President, Mr Lawrence Mayowa Afe, while fielding questions from reporters at a briefing in Lagos at the weekend, said the undue delay of the PIB in the National Assembly is a big problem and embarrassment to the country noting that the bill needs to be urgently passed into law to fast track development in the oil and gas sector. He said if the bill is not passed urgently, it would become a serious credibility problem as most planned projects in the upstream by exploration and production companies (E&P), have been on hold. He said the quick passage of the bill would encourage inflow of investments in the petroleum industry. “The passage of the bill will certainly move Nigeria forward and attract more investors to our country,” he said. The NAPE chief said there was need for the Federal Government to embark on aggressive policy of hydrocarbon oil reserves replacement in the country. He said the depletion of existing reserves without replacement was not good for the country He said Nigeria had an estimated oil reserve of about 37.2 billion barrels which could be depleted. “Nigeria currently depletes about one billion barrels of crude oil annually from its 37.2 billion barrels of hydrocarbon reserves. “If we take a critical look at perspectives for growing reserves in the next decade, the answer is exploration, exploration and more exploration to run parallel to development projects. “This is, however, becoming more and more expensive to execute, due to slippage in complex contractual environment, coupled with security challenges,” he said. The NAPE president said an all encompassing and enabling environment would be required to ginger renewed exploration activities in major hydrocarbon heartlands and frontier basins. ‘This is why we commend the Federal Government initiative in granting amnesty to youths of the Niger Delta and plead that government make it all encompassing. He noted that some of the militants who laid down arms but have not been given th benefits of amnesty, should be given that. He said: “Amnesty should be all encompassing because it was learnt that some were left out of the programme.” Speaking on the 2012 budget, he said government could have been more modest in its production projections. He said basing the budget on production of 2.4 million per day is an ambitious projection. Government he said, could have put it at 2.2 million barrels per day at most. http://www.thenationonlineng.net/2011/index.php/business/energy/30294-explorationists-flay-delay-in-passage-of-pib.html |
[size=14pt]How to make private refineries viable[/size] By DANIEL ESSIET13/12/2011 01:34:00 • Mrs Alison-Madueke The government intends to raise daily production and reserves by encouraging new operations of private refineries. The goal is to export refined oil with greater value-added and to stop importation of refined products. But there are challenges, DANIEL ESSIET reports The current refining capac ity of the country is being augmented with imports largely from refineries in Venezuela, the Caribbean and Europe. For the past few years, the refineries have been reeling under financial and operational challenges that have made it extremely difficult for them to discharge their responsibilities to the satisfaction of Nigerians. The challenges result in perennial shortage of petroleum products. To address this, the government granted licences to 18 private refineries . After more than four years, most of the refineries are yet to take off. They cite problems, such as funding to build basic infrastructure, administered fuel price, non-availability of appropriate technology, logistics among others. Regulators’ perspective The Group Managing Director, Nigeria National Petroleum Company (NNPC), Austin Oniwon, has said running private refineries in the country was not feasible. Oniwon, who spoke with reporters after he delivered a paper as the guest speaker at the pre-convocation ceremony of the Ahmadu Bello University, said the cost and loss implication in running a private refinery could be so enormous for a businessman to survive. The NNPC boss, therefore, urged those Nigerians calling for the establishment of private refinery before the removal of oil subsidy to have a rethink. He said it was only the government that could withstand the financial rigour and loss in venturing into refining of crude oil. He assured that the company was making effort to explore and drill oil in the Chad and other basins in the country, expressing the optimism that with modern technology in place, the exercise would be fruitful in no distant time. While noting that only the government can bear the loss in the industry, Oniwon pointed out that nobody would want to buy crude oil at the international market and earn below the price for the product without profit. Oniwon said: “One of the biggest barriers to any private businessman that is doing investment is if he cannot recover his cost and make profit. Business people survive from the profit they make. A situation whereby you control a price of petroleum products to a point that is below the cost of manufacturing the product, only the government can really invest in such sector because it is only government that bears the loss. Anybody you tell to go and pay for crude oil at international price and earn below the international price for the product he is going to bring, will not do it. “That is why private refinery licences are stalled. But once we have the courage to deregulate the sector, you will be surprised. The upstream was deregulated. In fact, nobody ever regulated the upstream and you can see how many people are there. The telecoms was deregulated, you see how many people are paying there. But watchers said the refining industry has dominated by the NAPE and don't share enough of it. Experts’ perspective Mining consultant, Prof. Zacheaus Opafunso, said oil shortages will not be eased if the industry lacks competition and all the core resources are highly monopolised in the hands of NNPC. Opafunso said liberalisation of the domestic crude oil market and competition from independent refineries will improve fuel supply. He said the government has a responsibility to promote and encourage sustainable oil and gas development and practices that benefit all Nigerians. Elsewhere, he noted that private oil refineries have remained a vital component of oil industry and a significant driver for the economy. He cited Reliance Group, which is running of one of the world’s biggest refineries (one million b/d capacity) in India that accounts for one-third of the refining capacity in the country. The expert said private refineries are usually disposed to increasing production and refining capacities. According to him, liberalising private petroleum refining in a market with sufficient demand and potential for growth mean well for the domestic downstream sector. He said what the nation needs is an independent federal agency that regulates several private refineries to promote safety and security, environmental protection and efficient infrastructure and markets in the public interest . Opafunso said investors are wary of putting their money in a business where the price of products is still being determined by the government. The fear of the investors, according to him, is that with the industry yet to be fully deregulated, they might not be able to recoup their investments as quickly as possible, especially considering the fact that the business is capital intensive. The investors are also wary of the safety of the refineries and their investments, which is why they are insisting that the host communities for the refineries, local and state governments must have shares in the refineries to be set up. The investors are also accusing the Federal Government of creating a hostile business environment in the country. Of grave concern to the foreign investors is the perceived penchant of government for changing the rules in the middle of the game. Consequently, the foreign investors have reportedly demanded guarantees from the government that their investments would be well-protected through stable policies and creation of an enabling environment for them to operate. On funding required for energy investment, he said there will large-scale penetration of private players in the energy sector once they are guaranteed the enabling environment. He said private investors are attracted by market-based returns, and the future policies will have to ensure fair returns to increase private sector investments. He called on the government provide a win-win arrangement that will enable private petroleum refineries to be run efficiently. The President, Nigerian Association for Energy Economics (NAEE), an affiliate of the International Association for Energy Economics (IAEE), Prof Adeola Adenikinju, said the problems facing the refining sector has had negative impact on the crude-oil and refined-products market. He said no effort has been made to add refining capacity in line with the surging domestic demand for fuels. He said the government need to go ahead with its refining projects to meet its surging domestic demand for refined products and to reduce dependence on imports. Refinery and upgrade problems at times caused pro-rationing of fuel supply, which further tightens the situation and raise prices. For consumers in far North, supplies remained tight providing fundamental support for new refineries. Much of the rapid rise in fuel prices can be attributed to market response to tight supply . The general outlook for fuel prices remains uncertain given poor supply across the country. In some areas of the country, petrol is sold for N180. Petrol prices increased in some states because of high costs of transportation. For watchers, the government needs to pay special attention to ongoing geopolitical threats to supply, at times producing significant price swings. Anticipated and actual capacity constraints on major pipelines contributed to the widening differential. New refiners are going to face new challenges with tightening global standards for fuel quality; increased taxation and regulation of carbon dioxide emissions; and competition from biofuels and natural gas liquids (NGLs) . Refiners with large investments on technologies to give cleaner fuels are expected to gain greater global market share and good refinery margins. The major oil companies have a unique position when they own the oil for their refineries. They can sell their end products cheaper and also increase their market shares. The independent refineries without crude supplies with long-term and discounted contracts may well go out of business. New refinery Meanwhile, a private refinery owned by Niger Delta Petroleum Resources Ltd (NDPR), a subsidiary of Niger Delta Exploration and Production Plc, has begun operation in Rivers State. The firm has also been granted a Licence to Operate (LTO) by the Federal Government. Built at Ahaoda East Local Government Area of Rivers State, the refinery, which was completed in December 2010, has been undergoing test-runs, while the operating licence was being awaited. Fabrication had started in January 2010 by Chemex Incorporated of Texas, California in the United States. The operating licence gives the NDPR full authority to operate its mini-diesel refinery, referred to as “Topping Plant” at the company’s Ogbele Oil Field in old Oil Mining Lease (OML) 54, located in the state. The NDPR’s operating licence, which was signed by the Minister of Petroleum, Mrs. Diezani Alison-Madueke, was the first of its kind to be granted to an independent, publicly-owned Nigerian company. The Chief Executive Officer of Niger Delta Exploration and Production Plc, Dr. ‘Layi Adetona, said the refinery, which had an initial capacity of 1,000 barrels of crude per day, now produces 120,000 litres of diesel per day, using crude oil from the company's Ogbele Flow station. Adetona said with the operating licence, the refinery, which was installed to initially promote self-sufficiency in the company's operations, would now contribute to Nigeria's energy production by selling surplus diesel to independent fuel marketers for local consumption. “Several years ago, we had the problem of cost. We saw a situation where we were spending so much money to buy diesel for our operations and we thought there has to be a process whereby we can cut that cost by building a small refinery. “Now, with the deregulation of the market, it suddenly became attractive that it is not just having capacity to produce what we can consume, but a little bit more. The plant that we have happens to satisfy that technical specification. So, we have not just achieved self-dependence. We also have excess capacity to commercialise the additional output that we have,” he said. He stated that it was cheaper to refine petroleum products locally than to import from abroad, adding that the operating licence allows the company to operate the refinery and commercialise its products. “We have 100 per cent full dependence on ourselves to supply diesel for all our operations and we still have excess capacity to sell the balance of what we produce. We produce about 120,000 litres of diesel daily and our daily consumption is less than one quarter of this figure. In effect, we can sell at least, three truck loads of diesel from our plant every day,” he added. http://www.thenationonlineng.net/2011/index.php/business/energy/29600-how-to-make-private-refineries-viable.html |
HipHop parses PHP into C++. It is not a just in time compiler and it will never be. HipHop for PHP is a source code transformer for PHP script code. HipHop programmatically transforms PHP source code into highly optimized C++ and then uses g++ to compile it to machine code. HipHop includes a code transformer, a reimplementation of PHP's runtime system, and a rewrite of many common PHP Extensions to take advantage of these performance optimizations.[1]http://en.wikipedia.org/wiki/HipHop_for_PHP |
^ Who do you think is interested in reading long rambling stuff that is neither here nor there? Keep it brief, its not like there is any kernel of knowledge up there anyway. Abi you just wan mek we tire? |
ACM10:Na dat bigotry de wan make am winsh awa guy, OnlyTrurth. But usai! We cast and bind all principalities and powers, we cramp and paralyse Babylon! Remain rooted, o ye workers of iniquity! Holy Ghost Fire! Holy Ghost Fire!! Holy Ghost Fire!!! ![]() OnlyTruth is awa man! ![]() |
These Obahiagbon threads are quite meaningless, childish, silly and annoying. They are entertainment rather than polics. |
Seun:There is no difference. If we stand up to the bribe extorters, no matter the pain (except life and limb are at risk), they weill no longer be able to demand routine bribes. What we really have is an ecosystem of bribery and corruption; from the police check points to the passport office; from lecturers to invigilators. It is everywhere and our society is rightly labelled corrupt; I have long since learnt that what is normal and routine in Nigeria is absolutely shocking in almost every other country (including neighbouring Benin Republic). |
https://vml1.s3.amazonaws.com/wp-content/uploads/2011/11/Boko-haram412.jpg Look at the yellow fool in the pic, already crying when interrogation hasn't even started. I hope he is sodomized with red hot iron rods and his d.i.c.k is given to him to eat. Phucking baboons. ![]() |
[size=14pt]Egbin power plant restored to full capacity[/size] On December 19, 2011 · In News Lagos— Chief Executive Officer of Egbin Power Station, Mr Mike Uzoigwe, said yesterday that the faulty plant had been restored to its full capacity. Uzoigwe told the News Agency of Nigeria (NAN) at Egbin in Ikorodu, near Lagos, that the plant which collapsed on December 13 was now working at its full capacity, generating 1,080 megawatts of power. It would be recalled that the nation’s power generation dropped by 1,080 megawatts on December 13, due to the shutdown of the Egbin Power Station by the station’s management. The “Deminerasation Plant,” which generates power with water, was shut down on Tuesday when it developed fault, with Uzoigwe assuring Nigerians on Thursday that the faulty power plant would commence operation within 48 hours. “The plant came up at about 5.43 on Saturday morning and all the five units in the station are now working at full capacity,” he said According to him, generation currently stands at about 1,080 megawatts, adding: “Generation is fully back and I have informed the minister of power of our present capacity generation.” A text message sent by Uzoigwe to the Minister of Power, Prof. Barth Nnaji, reads: “I wish to inform you, sir, that all our units are back in the grid. “Status as follows: ST 01 200 MW, ST 02 165 MW, ST 03 110MW,(going up) ST 04 173 MW, ST 05 203 MW and AES 171 MW, total from our axis is 1020 MW. We hope to have a more stable power supply during Xmas.” NAN confirmed during a visit to the station on Sunday that the plant was working at full capacity while a monitoring team from the Federal Ministry of Finance was seen inspecting the plant. http://www.vanguardngr.com/2011/12/egbin-power-plant-restored-to-full-capacity/ |
Very sadly, I have done both as a teenager and young business man. I am happy though, not to have either given or received a bribe or other inducement in the last 15 or so years. |
youngmonie:Someone is dead and you are talking shiit? Maybe you are even one of the OPC people that was beating and killing innocent protesters. Its a phucking disgrace when a govt begins to employ thugs. Its is even worse when they get those thugs to terrorise their own people. I pity you and other hypocrites. |
TRUTHTELA:Dude, I now see where you are coming from, and although I do not agree with your perspective, I'll apologise for the hard words. --hugs TRUTHTELA -- However, no matter where you live, there are no toll gates in residential areas. if you claim otherwise, i dare you to post a pic and a reference link. there is no point in making arguments that are incomplete. TRUTHTELA:I am not in the category of Nigerian you are talking about. |
TRUTHTELA:That is the evil plan of you and your wicked masters, but it will fail. Are Fashola and Tinubu as tough as Gaddafi? Let them ask where hos toughness got him when the people got pissed off. ![]() Nematode. |
TRUTHTELA:After you people have killed someone because someone is stup!d enough to tax a residential area, you still have the courage to vomit crap? Where in the World have you heard that residential areas are taxed? Can you name one country? Only vampires would ever think up such a blood sucking scheme. When OPC was brazenly paraded in the streets by the Lagos state govt, few people knew that the real intent was to intimidate peace loving Lagosians. Now the secret has been let out of the bag, it surely wasn't boko haram that OPC unleashed terror on today, it was peaceful residents of Lekki. They dared Tinubu's revenue stream and the dogs were unleashed. At least one person is reported dead. Where on Gods Good Earth has anyone ever heard that thugs in the class of OPC and NURTW were employed to put down a legitimate and peaceful protest by unleashing raw terror and death? It is a first and the lowest of low's. The likes of OPC and NURTW are best known for armed robberies in the style of Tokyo, Eleweomo, Auxillary etc. Today, we know the real hypocrites and bloodsucking enemies of the people. |
[quote author=Ejiné link=topic=827167.msg9785064#msg9785064 date=1324137299]Where is Eko Ile, though? [/quote]Most likely under the influence of gbana, running around with Gbawe, leading OPC to beat up protesters.Saturday, 17 December 2011 14:19http://www.punchng.com/index.php/news/item/8000-one-feared-dead-as-police-thugs-brutalise-lekki-protesters Pic from daily times: https://dailytimes.com.ng/sites/default/files/imagecache/400xY/ggknn_0.jpg |
aurenflani:It is unsurprising that one of Buhari's supporters would ooze out of the gutter with such. The man attracts reptiles, neanderthals and never to evolve boko haram types. Happy birthday wild-eyed, maniacally sharia addled general Buhari, you will seep the blood you have spilled as it creeps up your doorstep. |
VoodooDoll:The worst has happened. ![]() May the souls of the innocent fallen rest in perfect peace. I shed tears for my nation and its rampant hypocrisies. Here is a party led by a drug pushing, thieving fraudster whose very identity and family roots are in doubt, a man brandishing a fake degree, forged in the dark alleys of Oluwole; yet, that man and his followers have dared credulence to call themselves "progressives." How is it possible to term a heroine trafficer as a progressive? On what planet? Who ever heard of a benevolent demon? Sush a man would be expected to hire thugs and robbers to whip his own people in line and that is what has happenned today. Let us pray that confirmation does not arrive that puts the death at the hands of OPC or NURTW. If that turns out to be the case, then we must paint the streets the colour of blood and wipe out these thugs and agents of Beelzebub. ![]() |
Happy birthday to Buhari. Nicklee:Dude, wish him happy birthday without falsehood. Buhari is extremely corrupt; it was he who helped Abacha blind the eyes of Nigerians to Abacha's mountain of theft with his indescribably corrupt PTF. We are not fools, thank God for Abdulsalami who blew the lid on the theft and c orruption in PTF. |
dagboss:Dude, don't talk crap so freely. In the places you have used as reference; America and England, you do not have toll gates to highly populated residential areas. For what? In those places, toll gates are placed on major inter-city highways or at the entrances to intensely revenue generating areas like the City of London where there are very few residents. In any event, residents are always exempt from toll charges. In Lekki though, the residents are the target. How do you toll the doorstep to a mans house? There are few ways of describing thoughtless wickedness and the tolling of the Lekki Epe express is one. |
Openly using thugs on your own people in place of the police is a new and shameful invention in Nigerian politics. It must be confronted and stopped at all costs. ![]() |
jmaine:But the govt would not stoop to bestial levels and get OPC, NURTW and God knows how many armed robbers to quell any protest and spill innocent blood. I cannot understand how a government can turn thugs on its own people. |
maclatunji:Maybe you think people are as stup!d as you. @topic Burn the phucking enemies of the people down! What sort of leader sets thugs on his own people to draw innocent blood? I now see that the barbaric OPC match was really about intimidating innocent Lagosians. Evidence? Look what is happenning now with peaceful protesters being harmed by OPC. When did OPC become the police? [size=33pt]What an outrage![/size] [img]http://desmond.yfrog.com/Himg860/scaled.php?tn=0&server=860&filename=ggknn.jpg&xsize=640&ysize=640[/img] |
[size=14pt]Cars are being vandalised in Lagos with OPC and NURTW thugs hired by ACN beating and attempting to kill people, including children. People protesting peacefully. It is absolute mayhem with everyone scattering in desperate dashes to save life and limb from Tinubu and Fashola's murderers! What an outrage!!! ![]() And we have phuckers here defending one of the worst in their rank, the known thug, Aregbesola for freeing confessed murderers! I wonder what is in store for Osun people? If you are in Lagos, stand and fight for your rights. The real revolution has started and the real enemies have been unmasked.[/size] |
This is the work of ACN thugs at Lekki as we speak today. Aregbesola is simply building up his own army, maybe special IV's have been sent out to the armed deadly robbers in Ogun and Ondo as well. ![]() How anyone can sit comfortably to praise such hoodlums is beyond me. [img]http://desmond.yfrog.com/Himg860/scaled.php?tn=0&server=860&filename=ggknn.jpg&xsize=640&ysize=640[/img] "Progressives" dripping with blood. |
Perhaps, the murderers are going to do special "jobs" for Aregbesola, the same way Tinubu and Fashola are using OPC and NURTW thugs to beat up peaceful protesters against toll gates in Lekki, Lagos. Shame on Aregbesola. What a useless fart, the worst politician outside Barkin Zuwo to hit Nigerians! What is the comedian good for aside from telling high stories and slapping people? Now he has plumbed new lows by pardoning confessed murderers. All hail RASCALS! |
The revolution has started in Lagos. Burn the anti-people thugs down. ![]() Tinubu thinks Lagosians are cash cows to be mercilessly milked. |
Nice one indeed! Congrats to Chinedu Uzoma Amaefula! we don kolobi anoda bruv! Pop sontin! ![]() Lovely! . . .But, am I the only one seeing the screaming contradiction? Landon Jones got renamed to Chinedu Uzoma Amaefula by Chief Theo Egbujor, the Eze Udo I (King of peace) of the Igbo community in Nashville! Damn! How the phuck did Chief "Theo" not rename himself? The time has come for us to begin to take pride in what is ours. Our names, our cultures and our abilities; people, please cease and desist from naming your kids "Theo," Bartholomew, Nebuchadnezzar, Marcelinus, Rabiu, Ismail and other names that are meaningless to our culture and are trademarks of mental slavery and low-self-esteem. Let us all be Chinedu Uzoma Amaefula's! ![]() |
Can we stop these silly and meaningless Patrick Obahiagbon threads? I don't see what this one has to do with politics anyway. ![]() |
VoodooDoll:You do not seem to grab the import of what I am saying. If the states and LG's do not pull up their bootstraps, is that the FG's fault? They are the ones meant to be the primary generators of wealth, not the FG. Therefore, your whole argument about deficits is belly up. It does not matter what your state produces as much as that its entire income is from the FG. That is a fundamentalstructural problem that has direct impact on budget deficits. Think about if your state and LG were not getting collosal sums from the FG, but instead remitted such funds to Abuja. How big do you think that would make the deficit? All I'm saying is, if we must tackle a problem, it must be from the viewpoint of bettering the country and moving away from the status quo. We cannot continue promoting the wrong ways forward and expecting to develop by miracle. |
^ When your state and local govt actually start producing money, your questions would be valid, until then they hold little meaning. If Nigeria is not producing money, where do you expect money to patch of deficits to come from, voodoo? ![]() The way some of you go on makes it seem that your LG's and state govts are a mere decoration. Let them create wealth instead of begging monthly from Abuja and I'm sure the deficit will be gone. |
Aigbofa:The only thing he doesn't own is an Autonov 1! ![]() https://www.nairaland.com/nigeria/topic-801363.0.html www.nairaland.com/attachments/180447_ROTFLMAO_gif3d0c775232c7f27cf80592785b9635b6 |
[quote author=lanre_front link=topic=826309.msg9781079#msg9781079 date=1324067535]@ Beaf Beaf, Beaf, Beaf, Since you are more knowledgable in Ecnomics more than all of us combined, please do tell, how subsidy removal will stop the "few individuals" from milking the country ? When we say people have alledged the true subsidy needed should not be more than 200 billion naira, we are talking about guys in the National Assembly. Father Kukkah has implied recently at a public function that President should fight the corruption in oil sector instead of blackmailing Nigerans with his "the economy will collaspe in two years" rhetorics. Are you saying we should disregard all these people and only listen to what comes out of the mouth of the President and goverment officials? Are you more knowlegable about Nigerai more than Father Kukah? Do you have his inergrity? So why should we not consider what people lkie him are telling us? Then we say, neither the President or any of his goverment official has been able to offer any meaningful satiisfactory answer to the Senate committee's question as to how 250 billion naira jumped to 1.3 trillion, but you say all those are just sentiments and hysterics. Is it not a cold fact that the figure jumped to 1.3 trillion naira? How cold must that fact be for u to acknwledge it? If this question are inconsequential to the whole subsidy debate, I wonder what the is important. I guess it must be the fanthom collaspe of the economy that is being forced down our throat.[/quote]Why do you like name-dropping, sentiment and rambling? If you cannot address the points I raised about smuggling, then sit back and watch. I don't see what bearing Hassan Kukah has got on the smuggling issue. He is neither a smuggler nor a fuel importer. Please deal with the facts and present your logic, not what Hassan Kukah "implied" or mamma Iyabo said. Thank you. |
1 2 3 4 5 6 7 8 ... 248 249 250 251 252 253 254 255 256 (of 876 pages)



[/quote]Most likely under the influence of gbana, running around with Gbawe, leading OPC to beat up protesters.