Realtruth2023:


Oga calm down you are displaying ignorance here. NNPC has allocation for local consumption that is the issue here, we know that NNPC has stakes in Dangote refinery.

you believe this....??😂😂

Magnetic010:
it's smart to dedicate your life only to hunting dollars...it probably the best you can do in this country

abomination....

i dont even concentrate on huntin nairas sef....na dollars i wan hunt....

vanities upon vanities....
who you wan trade to get dollars....??

kidnap other people....??
kill....??
lie....??
fornicate....??

no thank you....

Magnetic010:
but it affects every other person. Why did spaghetti go from 300 to almost 1000 because of dollar... Whether you like it or not whatever happens to naira/dollar rate affects everyone of us in this country

i dont want to get involved in such things....dedicate my life only on huntin dollars....??

no thank you....

SmartyPants:


Engagement is lovely but not with difficult people. The info you seek is googleable so why not do that and get back to me?

1. How much does a barrel of crude cost?
2. How many litres of refined products can you get out of a singe barrel?
3. What is the cost per litre of these products which include PMS, diesel, aviation fuel and so on.
4. What is the total value of a refined barrel of crude in output?

The answers are all there.

When you have this data you can come back.

i am not difficult....!!😂😂

my wives wouldnt agree with you....😂😂

Magnetic010:
Nothing will change... this is Nigeria where people buy dollar just to hoard it

yeah,dollars is like gold to them....

i dont remember havin dollars....
i dont have their issues....

SmartyPants:


You don't seem to get it - I'm not interested in the argument at all. Or to put it the way you may understand, I really don't care what you care about. I have given you the framework, you can google the rest. Or feel free to disagree. Either way works very well for me. Cheers.

....

how you wan come through life without engagin people....

do you automaticaly await that people agree with you no matter what you say....

SmartyPants:


Really don't know why you're arguing or what point you're trying to make. For many years this was exactly how Nigeria operated. We swapped crude for refined products to eliminate the fx issues in the middle. It's not a new system and it obviously works. If you need details you can google them yourself but it is a fact that the quantity of refined products is significantly higher than the quantity of crude in a single barrel. Don't argue for the sake of it.

bros....how much do you sell a barrel of crude and how much do you buy refined crude per liter....

thats all i care about....

provide this informations then we can start arguein if what you say make sense....

deenee:


Lies Oga.

You people keep demonstrating ignorance.

Nnpc has joint venture partnership with several IOCs to explore crude. Crude explored in Nigeria whether for local or international has to be sold at opec pricing otherwise we will be sanctioned.

I think Seun needs to start banning people that display wanton levels of ignorance so we can bring some level of santity to this forum.

wetin bannin will bring....??

we have to educate each other in different fields....

he could know things you dont know....
dont be ignorant....

SmartyPants:


That's obviously not how it works. You give me 50 naira worth of yam and I give you back 50 naira worth of yam flour. I can make 100 naira worth of yam flour from 50 naira yam. The excess is my profit. You take your 50 naira and give it to your yam marketers at 30 naira. the 20 naira is the subsidy. Everyone is happy.

bwahaha....absolutly not....how much do you sell a barrel of oil that you buy a liter of oil today....??

how much liter is in a barrel of crude oil....??

do you even understand the difference between a barrel and a liter....??

mfm04622:


So, we can even earn more foreign exchange.

i would stop always thinkin on foreign exchange....

naira is still not that weak....
their are currencies still much weaker than the naira today....

its up to us to start concentratin on local production before naira become another cedi or zimbabwe currency....

mfm04622:


It will not!

The benefit is that we would not be using foreign exchange to import PMS anymore. PMS import is the largest consumer of our foreign exchange.

So, the benefit will be Naira may strengthen due to lower demand

you are forgetin neighborin countries countin on that refinery too....

have you forgotin that president of ghana was at the ceremonies....??

solex75:


Then why are celebrating the refinery?

we told you from the start you shouldnt celebrate it....
people that understand tried to say something....you didnt listened....

the same way we warned you about mmm back then....you didnt listened either....

SeeWahala:


Watch and see the ratio of foreigners to indigenous people they will finally employ.

And by the way, out of over 50 million Nigerians seeking employment Exactly how many can be employed in that refinery that will make a dent in our employment deficit?

question is how many nigerians realy learnt anything about refinin crude oil accordin to international standard....

patrickcollins:
It won't as he intends to sell in dollar not naira

ehen...try to explain that to them....its like rocket science to them....

SmartyPants:


Why not? I'm merely suggesting that we trade whatever we want to sell to Dangote to avoid fx issues. So it's not really a question of how much crude we produce.

it doesnt make any economical sense anyways....

its like tellin me to give you 20 kilos of yams to get 2 kilos of pounded yam powder....

nairalanda1:


And even though we have a working refinery, for that refinery to work well, Dangote must be allowed to set whatever price he wants to set...so that workers are paid well, shareholders see returns on investment, maintenance costs are paid, expansion plans are carried out, etc etc.

Remember, Dangote refinery is not NNPC refinery, where government pays workers salaries, whether the things works or no.

(FIN).

ehen....your head dey their....

SmartyPants:


I suppose all of this can be solved if they simply traded crude for refined products like we were doing at some point in the past?

i dont think you produce that much crude to consider such a deal today....

SeeWahala:


That's the simple reason why it's said that the truth is bitter . . . Especially to myopic people like you

sorry for you....

what is your plan now....??

destroy the zoo and join people that dont like your kind....??

Magnetic010:
The cost to refine crude to fuel is about 800 naira per litre? That's not true bro. I think the marketers arrived at that figure because they factored in the cost of importation and landing. That's why they say landing price of fuel is 800 per litre. So when we eliminate the cost of importation and landing, logically fuel should sell lesser than what is it now.

i dont think you will get it much cheaper in nigeria than in other nations....

wouldnt make sense....

fuel is not something that you take out of the ground already as a finish product....
you must process crude oil to get fuel....

dont forget maschines dont function only on crude oil....

the question you should be askin yourself is,why didnt this rubbish whites invent maschines that run directly with crude oil....

when you understand how sinister they are then things start to make sense....

its sad how we ridicule how obasango payed back all ur debts back then to be borrowin today like lunatics....

imagine obasanjo didnt achieved that back then how hard it would be today for nigeria to get loans....

SmartyPants:


A subsidy wouldn't affect Dangote - he would get his full price regardless of whether it is the marketers paying or the government paying him. Producers don't bear the burden of a subsidy.

always the consumers....thats not hard to understand....

GeneralDae:

I think we can bring back subsidy with this method. We sell enough Crude to Dangote and local refineries in dollars and then we keep a fixed price of 350 naira for the masses.

The dollar is not wasted because the local refiners like Dangote and NNPC (through PH refinery) would still convert some dollars to naira for their local operations

you realy need to start thinkin about dumpin dollars....
their are many nations emergin today ready to do business with anybody local currency to local currency....

saudi arabia is already doing it with some countries....

SeeWahala:


Everybody knows that Nigeria is cursed and a zoo. Are you just realising it today?

See why education is important?

only a naive person calls his own country a zoo....

Donchichi212:


You don't get it do you, who owns the natural resources his refining, is it no Nigeria, bro the price of fuel should drop to like 150# or 200# per liter. We really need to wake up in the country oo.

....

i laughed soo hard i nearly peed myself....

SeeWahala:


Hehehe see what I mean?

I still couldn't make an iota of sense in all these words you jumbled together

Go to school you no gree . . . Now see the result

shattapu....shatttap....

you dont even understand how to use your talents to do this things....

boys in the creeks have been refinin crude in small scales for decades now....
what did you do....??
you declared them to criminals and rather pay billions of dollars to foreighners to build you refineries....

who is foolish here....??

the same thing with ajaokuta stell nonesense....

tobstarizhia:
So liquefaction is too hard for him to do. This gas flaring shite can only happen in black countries

when it was going on with whites for decades you didnt complain....now you are complainin that blacks are doing it too....

SeeWahala:


And you yourself never make any sort of comments for anyone to try to make sense out of

make yourself ready to buy fuel at international price in nigeria too and stop dreamin....

you are too lazy to demand anything from anybody....

go and do your owambe in peace and stfu....

judedwriter:


👍Yes o

bwahaha....magic drum feful....

money grows on trees mentality....😂😂

let me understand something....

how many of you nigerians even learnt anything about refinin crude oil for dangote to hire you....??

Obiedun:
common man will be employed to work

how many common nigerians understand how to operate refineries....??

watch dangote videos....you will see indians and other nationalities....

nairalanda1:


So, for saying a business should have the right to set its prices, I am now a prisioner.

You know what, go and buy yams at N1800 and sell it at N100 to help the poor.

And by the way, grow up. You are not a child. You should have points as to why I am wrong, instead of behaving like a child on the playground.

bros....its hard to explain anything to them....

Realtruth2023:


I feel for you. Why would Dangote buy feedstock at international price? That is the first problem, if he signed a supply agreement with NNPC to supply feedstock from their allotment for local production. Because that is where the issue lies.

that means goverment is already tryin to pay subsidy for you through dangote if he keeps the deal....

but i doubt if its realy that case....
nigerian goverment sellin to a indigenous refiner would make sense because nigeria is havin issues sellin crude in international market....

we are hearin news that nigeria is havin issues sellin their crude....