Bliss4Lyfe's Posts
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chelseabmw:^ She Goat |
MUKINA DARLING HAPPY NEW YEAR. NEW BEGININGS. SAME TO ADMIN AND MODS. LOL ![]() |
[size=18pt]EVERYBODY KNOWS SAHARA REPORTERS ARE A BUNCH OF LYING THIEVES.[/size] |
Source: Daniel Nonor - Ghanaian Chronicle There is in the worst of fortune the best of chances for a happy change. By: Euripides (submitted More Quotes | Submit Quote Ghana's planned $6 billion 200,000 barrels per day New Alpha refinery has secured a 20,000 barrels-per-day take-off deal in Nigeria, and is also looking to China for funds, a senior executive said on Monday. Expected to come on stream by 2015, the new refinery, which would be the biggest in West Africa, was designed to serve the local Ghanaian market, and also target the continent's top oil producer, where attacks and lack of infrastructure had severely crimped the Nigerian crude and refined oil products output. “We have concluded an off-take agreement with Ross International Nigeria Limited, based at Port Harcourt, for a 10 percent of the finished product, which is 20,000 barrels per day,” Merlyn Julie, Executive Chairman of New Alpha Refinery Ghana Limited, told Reuters in an interview. “We are looking at a further off-take agreement with the River State House of Assembly government, and a US-based oil company for an additional 20 percent or 40,000 bpd,” Julie said. He did not name the independent US-based oil company, but said it had links with Ross International in Houston, and expected a deal to be concluded within the next two months. Many sub-Saharan refineries are small, and analysts believe only a tiny proportion of the planned refinery projects for the region will be on stream by 2015, because of a lack of foreign funding. The region imports about 1.4 million bpd of refined products, excluding fuel oil downstream, Afican consultancy CITAC said. “There is a huge constraint on available cash flows to projects like this, although we are eliminating a lot of the risks by vigorously pursuing off-take agreements to confirm the viability of the project,” Julie said. “We are also looking to the Far East, specifically China's national companies involved in this sector.” He said New Alpha was also in talks with Nigeria's federal government for them to supply fuel feedstock — possibly Bonny Light crude — to the refinery, in exchange for refined products. “The exact volume hasn't been ascertained yet, the exact mix of crude blends will depend on the configuration of the refinery,” Julie said of the refinery which was being designed to ramp up to 400,000 bpd if necessary. Julie said Ghana Oil Company (Goil) also expressed an interest to take a minimum of 30 percent, or 60,000 bpd, of the finished product. Ghana's 45,000 bpd Tema Oil Refinery, the country's only refining plant, was currently running at 80 percent of its capacity, due to financial problems. A pre-feasibility study for the new project, which consists of the refinery, a terminal with loading and discharging facilities, and a tank farm with pipeline infrastructure, was expected at the end of October, Julie said. The oil precinct will be sited in Ghana's Western Region, at the coastal port town of Takoradi, in close proximity to the Jubilee offshore oilfields. Ghana expects oil to generate an average annual $800 million revenue for state coffers from next year, as cash from its Tullow Oil Jubilee field starts pouring in. “The pipelines that will be linking the wells in the Jubilee Field to the mainland will be at Takoradi,” said Julie. http://www.modernghana.com/news/269865/1/ghanas-new-refinery-gets-nigeria-take-off-deal-to-.html |
againstbiafra:Can't argue against the highlighted but my topic was focused on the Oil subsidies. |
please mod can we encourage debates on other perspectives of the subsidies issue on the front page? Any of these thread will suffice. https://www.nairaland.com/nigeria/topic-840100.0.html https://www.nairaland.com/nigeria/topic-840842.0.html https://www.nairaland.com/nigeria/topic-839684.0.html |
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^Nigeria needs to approach it's development and economic growth route as the only means to attaining an internationally recognized standard of living for its Citizens. Economic Growth and Development(Industrialisation) not Subsidies. Get creative and productive Nigerians. |
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Subsidies was a scam. ![]() |
talk true:On point. A poor country like niger building refinery dat Nigeria can't build AS A LEADING OIL PRODUCER? What exactly does Niger want to refine Niger-Delta oil? GEJ was truely God sent. https://www.nairaland.com/nigeria/topic-840100.0.html |
frosbel:I believe you never mind them. |
[quote author=Ileke-IdI link=topic=840351.msg9908949#msg9908949 date=1325869570]My Yoruba ppl, plz be careful. May God keep us safe in the midst of chaos. [b][color=#990000][b]Let us politically stay out o[/b]f whatever is going on between this two groups for now. Let us continue to practice tolerance, patience and love for our neighbors. No need to send the Hausas/Northerners packing to anywhere. The love we show to others our Lord will multiply onto us in millions. Walk carefully and plz come back home. Yoruba/ Oduduwa a gbe a o!.[/b][/color][/quote][size=18pt]There are no innocent by-standers.[/size] |
hwena:Dismantle in a haste and be ready. |
The Northerners that left the east are collaborators that should have been apprehended and detained. They will be the ones Identifying Igbo's in the North for massacrer. FACE: |
Why are Igbos so slow to catch on to anything in that country.? What is wrong with them for god sake? Even on this thread they are playing of all places? If they were vigilant then the Northerners from their region would not have been allowed to leave. Even, this morning wen someone on the thread suggested they should not be allowed to leave, an Igbo challenged them. Are we the most educated or civilised people in Nigeria becos we are slowly all dieing from this civilisation oooooo. |
2015 all will be reflected in the electoral register with this depopulation the northerners are perpetrating on Christians Middle-belters and Southerners. |
[quote author=Rhino.5dm link=topic=840351.msg9907917#msg9907917 date=1325861895]Are they fighting christians or Igbos? Lemme something straight here. . . . .?? ?? ? Ssmh.[/quote]Christians are Igbo are they not? I trust the army are not daft and are properly lead to know wat their response should be to even the playing field. |
^^ Have a look at harem post about a year ago? It clearly fills in the missing spaces for actions today. I have always had my reservations on him and who he worked for. https://www.nairaland.com/nigeria/topic-580149.0.html |
^^This people have an army in Chad and Niger waiting to assist them defeat the Nigerian Army. The problem as u have sited goes beyond the internal arrangement of the Nigerian Army. Do you remember Libya and Gaddaffi mercenaries. Nigerians should be worried particularly does from the South in the North. |
[size=18pt][color=Black]I wouldn't call dat a protest. Office show.[/color][/size] ![]() alj harem: |
[quote author=Omo_Tier1 link=topic=839684.msg9906238#msg9906238 date=1325845819]Look at Lagos, Edo states. The government went about demanding the citizens pay higher taxes than they were used to. Initially there was resent, but after sometime, people started seeing what they were doing with the taxes and most people gave in and now taxes in those states is what the government is using to develope the states. [/quote]@Omo_Tier, I am glade of the progress we have made from the subsidies issues since yesterday becos we are now debating the real issue which is development. As u rightly pointed out in Lagos and Edo State, the government demanded more taxes and are utilising them to better the lives of their residents respectively. Nigerians in general have no reason to trust any government becos all have been a disappointment. I myself have my reservations for now. But, just like Edo and Lagos State perhaps we might start to see more from GEJ administration with this extra fund they would have to spend. All am saying is let us wait and see wat he does with the money. Besides, they have promised the price of petrol will drop in coming months. |
I have always wondered why successive government would fund and build refineries in far away Ghana, Niger,Benin, Cameroon and in recent times talks of building refinery in Malaysia etc. Whilst Nigeria being the number one oil producing state in Africa has no proper functioning refinery, even as the world sixth largest oil producing country. This has all been because of the subsidies. Rogue government would prefer to build refinery in non significant oil producing African State to refine and sell our subsidies oil for monopoly or oligopoly profit. In essence these corrupt few are the true benefactor/beneficiary of the subsidies program, they put in place. http://allafrica.com/stories/201111250932.html https://www.nairaland.com/nigeria/topic-840842.0.html http://www.modernghana.com/news/269865/1/ghanas-new-refinery-gets-nigeria-take-off-deal-to-.html |
[quote author=Omo_Tier1 link=topic=839684.msg9902779#msg9902779 date=1325790647]Stop acting like you'r clever!, 60% to 80% of NDs do not live on oil, go to Warri, Asaba, P/H, Benin City etc vast majority of the residents are petty traders, civil servants! It is the FG that lives on Oil, and uses that revenue to fuel her lavish life style and corruption. The only direct benefit of Nigeria being an oil producing national is the lower price of Fuel for the citizen and the FG can not derive a workable means to get this in place at sustainable cost. All Nigerians have been asking for is 'light' 'hospital' 'Security' 'Water' and Eduaction' and then see how we will turn the country around, but the FG have refused to provide and guarantee these,[/quote] @Omo_Tier1, Thanks for collaborating my point. The Federal government relies on oil revenues and taxation to fund projects for Nigeria. Yes we have had corrupt government in the past and even the oil subsidies is a corrupt channel for sourcing out government funds. My point is that GEJ has promised to invest a lot of this money on national projects for Nigerians perhaps we should give him a chance. Already, his administration have started work on so many projects nationwide and funding is required to complete this project. mobf:@mobf The cost of governance in Nigeria is something that is way too high and requires cuts. No dispute their but with regards to the right time for the removal of fuel subsidies, exactly how much time do you think Nigeria would require,50 to 60 years or after the oil in the Niger-Delta runs out with Nigeria and Niger-Deltans having nothing to show for it and not to talk of waste and pollution that the NIger-Delta would have become, they would be worst than peasants with no land or water? |
mobf:@ mobf, I fully understand the significance of oil subsidies for Nigerians, that obviously is the only benefits Nigerians are getting from being an oil producing country. It is a large sum of money that is accounted for and which everybody benefits. It is like a benefit system for Nigerians. The question now is wat happens in 20 to 50 years time wen dat benefit dries up? Will Nigerians now spend every penny of annual budget on fuel subsidies which still wouldn't be enough, or do we early in the day start planning for a post oil resources future, just like they are doing in Dubai via restructuring economy to tourist based economy? I think Jonathan just made an early break from an unsustainable falsehood of a lifestyle to laying some solid foundations for the future generations and post oil Nigeria. Let us allow the President to do his work and set us all on a path of success via restructuring our economy. |
I have not come to trade insults with tribalist but; what would you four do if Nigeria was to seize being an Oil Producing country today? ![]() |
This is now out of hand, for the past 5 days people have just been posting regurgitated news and fabricated news(rumors) We need to debate more pressing issues and move our nation forward. I am not a believer in false living and this subsidies or credit lifestyle Nigerians are seeking; as it will get us nowhere. Nigeria needs to approach it's development and economic growth route as the only means to attaining an internationally recognized standard of living for its Citizens. Economic Growth and Development(Industrialisation) not Subsidies. Get creative and productive Nigerians. |
Congratulations to the newly wed couple. Best Wishes for the future. |
WTF! Nigerians are only men wen it comes to killing fellow Nigerian but not defending fathers land with love and strength. Cameroon is such a small country with much of it actually belonging to Nigeria, but here we have little Nigeria owned Cameroon forcefully taking terrritories that belong to Nigeria from Nigerians. Please as soon as we are done with subsidies and boko is broughtt under control Cameroon issue and Nigeria territory needs to be defined. We want Bakassi handed over to its indigenes. Enough with dis madness already. OBJ should never have been President. ![]() |
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