₦airaland Forum

egift:
Wait ooooh, na this junk news you dey swallow like this? If na joke abeg stop am. Google the title, no other source. Bros don't allow the wailing Ekpas to use your head.

Hahaha Amico, I had to swallow it due to the fact that it was from an on going event of social media guys, where news is expected to travel the fastest.
If it isn't the case then they should accept my apology on this instant. Have a great day Amico.

Abiagirl777:
its an Eye-opener, one the opposition will gladly not want to discuss.I shudder when I imagine the money spent to build this refinery, connect the undeground pipelines to the south.

the initiator of the refinery has the devill as his adviser

Well said sister!!! Well said

Ndeewonu:
From what I read in that article, KRPC can only refine Heavy Crude, usually imported from Venezuela. Refining of Nigeria's Bonny Light requires another type of refinery facilities, which KRPC is not equipped with. .

The article did not say KRPC cannot refine or has never refined. It only stated that for it to have what to so, crude must be imported from country like Venezuela.

This is what I understand. Googling James and John, as you have recommended, makes no sense here.

Insofar as you get the point, thats fine. The guy has been brandishing an article that portrays one of the industry's most respected fellows globally, in a bad light (as incompetent). Have a splendid day brother

"Those who fail to learn from history, are doomed to repeat it"- George Santananya

TolstoyFan:
Nigeria's First Lady, Hajia Aisha Buhari has said 7 Nigerians in the past administration of President Goodluck Jonathan stole N3.3 trillion meant for the development of the country. The president's wife made this disclosure while speaking at the get-together for social media changers in Aso Villa, Abuja. In her words,"N3.3 trillion was embezzled by only 7 people. Young people should monitor monetary allocations to ministries and demand judicious use of same."


http://dawntodusknews.com/7-nigerians-embezzled-n3-3-trillion-aisha-buhari/

Here they go again, like husband like wife always bitching about and won't settle down for the job they so greatly clamoured for. Anyways a poor workman they say blames his tools.

"Complaint has never and will never be a strategy"- NavierStokes

If this Buhari man were to have been a baby, I would have flogged him endlessly, sounds like someone who is always grumpy and complaining very infectious the type that should be avoided (48 laws of power, law 10).

The past administration didn't purchase arms, and you can only charge Dasuki and co. to court for 13.57billion naira out of 2.1billion dollars or over 400billion naira?

First of all that article you put up there wasn't written by Iheanacho of Enercon (hmmm plagiarism, how low can one go ), but by the recently sacked GED Refining of NNPC, Ian Greg Udoh. What were you expecting him to say, the manager of Mercedes Benz GMBH should be telling you that Mercedes cars are poorly designed?
You need to google Dr Emmanuel Egbogah, and answer for yourself if he is the type of person that is should be regarded as clueless in his own subject area. That man is the epitome of excellence and achievement in Nigeria's oil and gas industry and it will be very unfair for anyone to brand him as ignorant on an issue in his domain especially when the writer of the article you mentioned is an interested party in this matter, who has a lot to answer on the frauds within the Oil swap and OPA deals on which the kaduna refinery thrives.

dustydee:
Sir, with all due respect, your position is flawed. The refinery can function effectively if properly maintained. If it could function well for several years after it was built, there's no reason why it shouldn't now if the properly maintained. There are older refineries in the US that operate near optimal capacity so why can't ours?

see rejoinder to your story here: https://www.nairaland.com/2817738/placing-egbogahs-advice-proper-perspective#41245672

First of all that article you put up there wasn't written by iheanacho of Enercon, but by the recently sacked GED Refining of NNPC, Ian Greg Udoh. What were you expecting him to say, that the manager of Mercedes Benz GMBH should be telling you that the Mercedes cars are poorly designed?
You need to google Dr Emmanuel Egbogah, and answer for yourself if he is the type of person that is should be regarded as clueless in his own subject area. That man is the epitome of excellence and achievement in Nigeria"s oil and gas industry and it will be very unfair for anyone to brand him as ignorant on an issue in his domain especially when the writer of the article you mentioned is an interested party in this matter, who has a lot to answer on the frauds within the Oil swap and OPA deals.

The guys who "tweak"the market (Goldmann Sachs) have already done a forecast for $20/bbl, our "inexperienced unqualified and cloutless" economic team have selected a benchmark of $38/bbl. This is almost like plunging our country into avoidable economic chaos. "Na Borrow-Pose budget naim we deg see so"

doctokwus:
There maybe some regional undertones,but the economics cannot be faulted.Lake Chad is a known bastion of crude oil deposits,y not explore it.Its also very wrong to think countries the world over are not still exploring crude deposits,even ones with enough reserves to last a generation.

Most of these countries that are investing in exploration at the moment are the gulf countries already producing at near optimal levels and for them production volumes is not the priority but reserves whereas as a country we have been struggling over the years to bring up production to 3million bopd, our priorities should be about our position when the oil price commences its upward journey.

Bigmarx:
don't forget our crude is light crude....the crude that gi you so much that serves as raw materials for other products is the heavy crude

Heavy oil doesn't necessarily give more from refining, rather gives more asphaltenes for road mixes which is clearly not our priority considering the large energy input and costs that go into the process, plus its attendanr environmental impact.

doctokwus:
Agreed.
But the pson I quoted was trying to say that just because petrol prices are declining, it follows that new crude oil exploration is a waste of funds.Its a very wrong impression and poor understanding of the crude oil market.

The point is exploration is a good thing, but then not at this time, there are other so many fields we should be investing in to bring on to stream by around 2017 when the prices would have picked up, our short term challenge is not about reserves but about production considering that we have been doing well below our potential. I for one think ots not a good time for that lake chad exploration especially at a time even the NNPC is having challenges meering her obligations to JV partners.

Eruditor:
ExxonMobil is currently at the Chad making the same explorations for hydrocarbons to up their production volumes. Such projects did not just start off on the back of the dwindling oil prices but have been ongoing especially in the days of many. NNPC will not be termed inane for doing similar even when we realise that the NE part of Nigeria shares a border with Chad.

The significance of doing that is because the price of crude will not forever stay down and the need for it will continually be on an exponential rise in the next 50 to 100 years. So if I have that type of knowledge, I won't abandon such viable areas like the NE when I know it could pay off handsomely in future. That's how to think long term.

Sure, some companies shed off various arms of their corporate structure and plans simply because the resources to be garnered from such plans was either less than the investment needed or that the concomitant challenges attributed with such an asset, makes the assets holistically non-profitable. For instance, Shell divested most of their onshore assets in Nigeria, but they are still very much into exploring deep offshore locations, aiming to produce more Hydrocarbons that will meet future energy demands.

Don't compare it to areas like shale oil and tar sands in Canada that whose E and P is very capital intensive but appeared viable when oil prices were above 120$. Now that they have dropped to below 40$ it just behooved the IOCs to abandon such projects. It is not the same situation with Nigeria.

As for our Darling Bonny light, hope you know it is always sold at a premium to brent and as such is more expensive. Hope you know that in the light of falling crude prices most major energy consumers have preferred to buy the cheaper, heavier crude and have abandoned our "darling crude". Hope you know China (which used to be our major client) has decided to purchase Angola's heavy crude. Hope you also know that most countries have refineries whose functions depends heavily on heavy crude, so it boggles the mind for you to think that Venezuelan crude is being avoided.

Just have this at the back of your mind when you claim experts share similar views with you because I believe I am not passing to you any views that many experts, including the GMD of NNPC, don't share.

I apologise for calling your views nonsense all the same.

Amico sorry for the late response, Exxon Mobil and sinopec operating on the Chadian side and the Nigerian government are not on the same page financially, these are companies that have yearly capital budgets of over 20billion dollars and as a matter of fact have been selective in their investments so far, fine every one in the industry agrees that we will come out of this cycle "soon" but then are you in all honesty asserting that there are no highly promising development projects that have been put on hold we could have invested in at this time, to possibly commence production around 2017 onward when the prices are expected to have picked up?
(That they are not on the same page financially is evident from our governments inability to meet jv cash call obligations).
At a time like there is concensus that lower priority be given to exploration and higher priority to production, and best should have been a slow down to when prices become "comfortable".
Nigerias problem has never been about reserves rather its been about production from the many dwindling reservoirs we have out there.
And to the issue of venezuelan crude, we all know that it is sought by buyers who need to blend with lighter oils for refining, why Nigeria should find herself in that category is a question I would leave for you.

PS: it might interest you to know that the same shale you are talking about is what Conoco was willing to write off 400million dollars, to make an invest in.

dfellow:
Was the kd refinery built to refine Venezuelan crude originally or Nigerian crude? Just asking.

Please read this article:
http://www.aneej.org/aneej-demand-accountability-nigeria-oil-swap-deals/
The crude oil swap was an arrangement from the onset 1977 to feed the kaduna refinery in particular with heavy oil from Venezuela.

In this article you find the claim that the refinery was designed from day one to refine crude different from the blend in the Niger Delta.
http://www.gamji.com/article6000/NEWS6314.htm


Every thing about that refinery should be questioned by any sane mind, its location, its purpose, even the feedstock to be used for her operations.

I hope this sheds more light.

egift:
Stop being smart by half. This thread of yours was fueled by the one below:

What The NNPC And The FG Would Never Tell You About The Kaduna Refinery
https://www.nairaland.com/2816985/what-nnpc-fg-never-tell

In that thread, the wailing crew are falling over themselves insinuating that KRPC cannot refine Nigeria's crude. Also remember above where you said we should ignore what was posted online.

Building Nigeria is a collective responsibility. This desperate efforts to discredit Nigeria is unpatriotic and lame.

Going by your argument, see the topic of the thread you mentioned?
What The NNPC And The FG Would Never Tell You About The Kaduna Refinery
You are just telling us what they would tell us, but clearly not telling us what they wouldn't tell us. That refinery is a drain on our scarce resource if it is designed for, and largely capable of doing heavy crude but currently utilised for light crudes.

Eruditor:
The issue is that people like you who are not in the know are making hollow posts and generalizations and passing them off as fact.

When do you think the world will stop requiring energy from fossil fuels? When do you think oil will become extraneous to energy generation? Keep wailing and misleading yourself.

How many refineries worldwide refine light crude? What is Dr. Ibe Kachikwu's plans for the refineries and how does he plan to actualize it?

If you know the answers to the questions you won't have posted this nonsense.

You wouldn't be writing what you wrote here if you had any clue to what's at stake. It is common knowledge that at the moment companies are efficiently allocating their scarce resources to the most promising projects, all are working on the strategy of increasing production volumes and cutting down on exploration. Is there any rationale for an NNPC that is grappling with difficulties in paying cash calls and putting on hold several oil projects across the country that could have added barrels for us, going ahead to invest billions in desert exploration at this time? Increasing reserves is a good idea but all well run corporations around the world are giving less priority to that at the moment considering the harsh realities in the industry.
Also talking about refining, which do you think is easier to refine our Bonny light crude which had been the darling of the international or a venezuelan orinoco grade crude that is more difficult to refine and has been avoided by buyers in the market. Please don't mention me again if you can not put your arguments without referring to mine as "nonsense" we must not be of the same views, but I represent the views of experts in this industry.

Mr President inasmuch as I disagree with your approaches on most issues, your responses here are "hope-full" and I do hope they are not just lofty words without actions to back them up. May God help you with wisdom to better our fortunes and leave this country better than you met it like the PDP had done the past 16years.

double0seven:
Please enough with all this rubbish write ups. Jonathan ruled in a period of six years, and most of them, oil was selling at all time high record of about $100 dollars per barrel. Because of that high price crude oil, even with all the looting going on, the naira still mainlining its value not because of any special magic or due diligence. If the administration had really done a good job, naira should have even appreciated and our external reserve should have quadrupled. With all the high oil prices of about five years, Nigeria has nothing to show for it because all the money was looted.

While it may be true that we expect this present administration to stop giving is excuses and clear the mess on ground, it is also completely false to say the last administration is not responsible for the mess on ground: this quagmire in which we find ourselves as a a nation. if the last Administration is not responsible, then who is responsible. is this new government which is just seven months old?

Amico, this your response is stale.

Demdem2:
[s][/s]

Arrant Nonsense.
When u are ready to accept the fact that wike rigged earlier and he already has called for blood on the incoming election, u let me know. Stop patronising me and face the bull by the horn.
Wike will be booted out and absolutely nothing will happen afterwards afterall those who will take charge after him are sons of the soil not abokiss

Who is patronising who in this case. Have a good day brother.

DMerciful:
GEJ was alleged to be stealing $1billion a month yet we had fuel consistently for N97 and later N87. Bubu is not stealing a dime yet there is no fuel even at N150! Where is the logic?

The current challenge is evident from the current administrations ineptitude.
Facts:
1)Marketers imports 48% of our petroleum produce and the NNPC imports 52%.
2)The NNPC deducted her subsidy money before any remittances to the government.
3) The government pays the independent marketers their subsidy claims.
4) The current president heated the system by saying subsidy was a fraud and that he was not aware of any thing called subsidy. Thus started with an onstinate posture of not making it a priority to pay this subsidy.
5) The marketers are not able to import, fuel price sky rockets then the government agrees to pay the subsidy.
6) amounts paid was about 413billion which implies the NNPC must have deducted over the same period the sum of 413billion/0.48*0.52, and a total amount on subsidy of 860billion.
7) subsidy payments has been released but then there is a long wait between when the senate approves, marketers receive money, places orders to overseas refineries, fuel gets imported and trucked across the country for onward sales to consumers and then a return to the price of fuel of N87.00/ltr.

With one fell stroke the cluelessness of the government was laid bare for all to see.
And some people are still praising them on even when they are making irrational decisions and needless delays bringing suffering to the masses and reduction in the standard of living.

[quote author=Sweetguy25 post=41235362][/quote]Exactly my response to the guy, a refinery can refine heavy crude oil and you want to feed it with Nigeria's bonny light crude oil, how on earth is it supposed to work. This is just another avenue to meet the Kachikwu's December deadline and make a case why the refineries should not be sold off. Trust me a shortwhile from now we will hear about refineries operating at 1% efficiency. We want this country to work, but some people are hell bent on calling others wailers even in scenarios where we see our very scarce resources going bananas and being allocated to fruitless ventures. The case of 37billion to be spent on oil exploration in the lake chad basin comes to mind, at a time when many Major oil companies are cutting losses by writing off certain investments (Conoco wrote off over 400million dollars invested on a drillship, shell wrote off the canadian tar sands projects, While Nigerian government that claims to be broke and does not have money for cash calls on already explored projects is spending 37billion for desert exploration).

RockMaxi:

What is our problem in this country? We are the same set of people asking the govt to repair, now they have done that we are still shouting that the refinery is analogue based. Will the government be able to give a digitally controlled refinery that will equally satisfied those conditions under 7months.
I think criticism should be constructive and not otherwise.
The OP actually have some mischief up his sleeves when posting this article.

Mr man did you read where they said the refineries would be able to refine heavy crude, or do we start importing venezuelan orinoco grade crude to feed our refineries.
Whatever is worth doing is worth doing well, they should save whatever amount and invest in the warri and port harcourt refineries that are designed to refine the BLCO.

Demdem2:

It's interesting to note that when presented with facts that ur hero wike rigged, u Av no condemnation for that. Now that parole has obviously changed, u are singing a different tune.
U sound like a political kid. Wike has himself drawn the battle line. There will be nothing like free and fair election in rivers. It can't happen. It's militants against military. Thugs against more thugs and above all the one with enough clout on INEC will be favoured. Looser will then go to court. The blood of those that will be unfortunately shed will be shed for nothing.
No collective will of people anywhere, not in rivers where the governor has already called for blood.

It's something that can be averted, but sadly like in the "prisoner's dilemma" the players here will chose to take a self destructive path. I repeat the good people of Rivers State will not cow tow to any oppressor from abuja or anywhere for that matter. Dakuku has never been a popular candidate amongst the people and thus Wike has been the people's choice hence any form of alleged rigging may have paid off previously but in the current case "southern Ijaw" local government of Rivers State happens to be Obio Akpor LGA, Wike's homezone. Worst case scenario INEC shall do what they have become to be known for, and that is declare elections inconclusive.

Demdem2:

Who are u to talk about the collective will of the people? Speak for urself and probably ur household. When Wike, mama Piss Jonah-daft, Inec during the last election rigged heavily and disenfranchised the people as agreed by the various courts so far, what did Dakuku do? Did he call for their death? He simply went to court. No one has the monopoly of violence. Peradventure peeps were sent and rigged against wike, what is expected is for Wike to go to court and fight for his right and not instigating the people by calling for blood. Dakuku has set a perfect example, let wike follow the same path if he looses.

Bruv there is no fighting ober what has already been said, its one thing to rant online and its another thing to attempt to rig these elections on election day. Free and fair elections must be seen to be held but whosoever choses to do otherwise will do so at his or her own peril.

Demdem2:

This is a mistake u lot keep making. Which people wanted something different? Rivers didn't really voted Buhari during the presidential election. They voted Jonah-daft. The voted for the status quo and they voted for the continuous pillage of our collective yams. So u see, don't expect anything different from Rivers. Already, the Governor has called for blood, this is the Genesis of the current debacle. U lots sees nothing wrong in that. Blood the thug will see.

Anyways like it has been said, whoever is being sent to come rig elections in Rivers State should do the needful because the will and collective resolve of the people supercedes every federal might and thus can not be hijacked by a select few.

Henovy:
Sorry for you. That woman was put there because she is competent. By the way, so you do not know that NDDC is a parastatal under that ministry? Dummy, continue to wail!

My friend keep saying what you do not know. An acting MD should have been appointed from amongst the directors of the commission, the last time there was one, was in the person of Dr Christy Atako, a serving director in the commission. A "wiseone" like you should have known that the NDDC and MNDA are different entities because the NDDC was established as an interventionist agency directly under the purview of the Presidency.

http://www.informationng.com/2015/04/niger-delta-youths-warn-buhari-against-merging-nddc-with-ministry.html
Fine there has been some recommendations for a merger, but I am yet to see any directive of such a merger.
Have a great day bruv. And to reiterate the wailing term is already stale because everyone is wailing right now. The presidency is wailing, channels tv and the APC controlled press are wailing, activists are wailing, international tabloids are wailing, cbn is wailing, banks are wailing, BDC's are wailing, premium times and sahara reporters are wailing, citizens alike are wailing so"I AM AFRAID BRUV WAILING IS NOW THE NEW NORM".

OP, if you can take the pain, please make it in form of a table showing the percentage changes and include a source as well.
Kindest Regards
Navier_Stokes

ogmaskman:
Do you imply that the pdp used nddc dubiously too.

PDP's actions or inactions are not a valid justification for APC's actions, the peopsle wanted something different not what they were already used to. Have a great day bruv.

wwwkaycom:
go and die

Its your party's and principal's integrity that isbalready dying. If you don't know with moves like this your party is working very hard at eroding every ounce of confidence every right thinking person has about them. Have a great day.

babdap:
re u a card carrying member of PDP because you really understood their political tactics.

Sorry I am not a card carrying member of any political party, only seeing things for what they are

modath:
3 things.

1.Same chukwuma Soludo gave us the impression that our banks were solid & made some of us lose good money in right offers of banks' shares.

2. Kemi Adeosun is not OBJ's nominee & don't let sentiments blind you to the fact that the TSA idea came from her.. Havard didn't do us any good, Dasukigate et al dey dia!!

3. Kindly refer us to a time in our history that we've experienced this kind of near economic meltdown, also bearing in mind the excessive desire for ALL thing foreign & with the likes of shoptomydoor & mallforafrica ( & the occasional free shipping) making such desires reality...

I will give a terse reply to the 3 issues you raised:
1.Same chukwuma Soludo gave us the impression that our banks were solid & made some of us lose good money in right offers of banks' shares.
I have mentioned his name, not because he is my best candidate, but because he comes better equipped and qualified than Kemi. He's an example out of many others but then the point is there are a lot of candidates that should have been selected at a time like this.


2. Kemi Adeosun is not OBJ's nominee & don't let sentiments blind you to the fact that the TSA idea came from her.. Havard didn't do us any good, Dasukigate et al dey dia!!

Could you please explain how the TSA which in the constitution, and implemented starting from the previous administration of GEJ and Okonjo Iweala became Kemi's idea? Its a well Known Kemi that Kemi is OBJ's nominee on the Council. You need not look too far to see that Harvard did us a lot of good, delivering good economic growth Year on Year all the time that she held sway. There is a reason fortune 500 Corporations entrust their fortunes into the hands of graduates from places like Harvard, Wharton etc, that's because they stand a better chance of succeeding at managing their employer's finances (Not saying others won't succeed, but then the chances are higher, especially when one has to make a calculated risk).

3. Kindly refer us to a time in our history that we've experienced this kind of near economic meltdown, also bearing in mind the excessive desire for ALL thing foreign & with the likes of shoptomydoor & mallforafrica ( & the occasional free shipping) making such desires reality...
Only one person has comfortably piloted us into near economic meltdowns twice and his name is Muhammadu Buhari. 1983 to 1985, and now 2015+. This is history repeating itself, I hope it doesn't get to a time we pray for an IBB.

nickxtra:
Only an slowpoke will drop this kind of comment. Wake up, pls

Only someone with a single digit IQ will think otherwise.