OasisX's Posts

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European Football (EPL, UEFA, La Liga) › Re: EPL Chatroom - All Discussions by OasisX: 2:07am On May 23, 2023

Fasten your seatbelt, coz its a trip from Lagos to Kano, but you gonna enjoy the ride powering by Dangote PMS.

Indeed the inauguration of the Dangote Refinery is certainly the game changer as it will not only ensure Nigeria attains self sufficiency in domestic petroleum products requirements but will also save Nigeria over $20b annually in demand for Forex to import petroleum products while bringing in over $10b annually in Forex from exports.

This will certainly free up demand for Forex while increasing forex supply which will help the NGN-$USD exchange rate to stabilize and strengthen the NGN. Other socio-economic impact such as jobs creation, powering of several other industries, wealth creation etc cannot be overemphasized.

I recall with mixed feelings, the bold decision from a group that I led, when in 2008 we decided to make an effort to relocate two brownfield refineries from Houston, Texas USA to Nigeria in a bid to resolve the issue of importation of petroleum products to Nigeria and the huge subsidies involved which has taken a new dimension then.

At that period, most business entrepreneurs in Nigeria were busy trying to get involve in importation of Petroluem Products for quick benefits but we chose to be different by taken the road less travel by aiming provide alternative solution.

The strategy was simply to acquire and relocate two brownfield refineries with combined capacity of 200k BPD which process can all be completed within a short time and this refineries can optimally work for between 10 to 15 years within which period we envisaged the issue of Govt owned refineries will be resolve to get them back working and also new Greenfield refineries like the Dangote Refinery will have come on stream to ensure Nigeria achieve self sufficiency in local refining and becomes a net exporter.

Relocating a brownfield refinery may take between 2-3 years max while building a Greenfield refinery may takes between 7 to 10 years and even more…

A lot of work was put out to identify the Refineries for acquisition and relocation, MOU signed, JV agreement in place, inspection by DPR, preliminary budget/project cost agreed, equity financing sourced, debt financing under negotiation subject to conditions precedent, land allocation discussion ongoing to find the appropriate location in Delta and Rivers state among other critical requirements etc.

The unintended event of May 5, 2010 and the attendant policy reversal abruptly ended this vission/objective as the last leg of the fundamental support and enabling environment needed to deliver the project was lost and the available refineries were eventually sold.

My mixed feelings today is that sure if this refinery relocation project was during PMB time, the requisite institutional support and enabling environment would probably have been effortlessly on the table to see it through to delivery in the best interest of the country.

Indeed, in 2018 PMB approved for NNPC to start a “refinery collation initiative” with NNPC engaging with some groups to relocate a brownfield refinery owned by BP from Turkey to Nigeria to be sited in Rivers State and Delta State, Warri …same strategy as we had in 2008.

Well, history will continue to bear witness and I am extremely excited like all well meaning Nigerians with the inauguration of the 650,000 BPD Dangote Refinery, which is the largest single train refinery in the world and once it is ramp-up full steam in a couple of months, the fundamental deficit of importation of petroleum products to Nigeria with all the distortions to the economy will be resolved for good and Nigeria will be net exporter of petroleum products… only IDAN ALIKO DANGOTE can deliver this under the current circumstances. Congratulations Boss and God continue to make this easy.

- Shehu Dikko

4 Likes 1 Share

European Football (EPL, UEFA, La Liga) › Re: EPL Chatroom - All Discussions by OasisX: 12:30am On May 23, 2023

Binani Air launched.

European Football (EPL, UEFA, La Liga) › Re: EPL Chatroom - All Discussions by OasisX: 12:21am On May 23, 2023*

“Beyond today’s ceremony, our first goal is to ramp up production of the various products to ensure that within this year, we are able to fully satisfy the nation’s demand for quality products.

“There will be constant availability of high-quality fuels for our transportation sector, the refinery will also make available to our industries vital raw materials for wide range of manufacturing.”

- Aliko Dangote

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European Football (EPL, UEFA, La Liga) › Re: EPL Chatroom - All Discussions by OasisX: 2:00pm On May 22, 2023

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European Football (EPL, UEFA, La Liga) › Re: EPL Chatroom - All Discussions by OasisX: 4:01am On May 22, 2023

Dangote Refinery $105 Million Water Treatment Plant which has Capacity to automatically turn Atlantic Ocean's salt water Into drinkable Water In Lekki through Osmosis Method.

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European Football (EPL, UEFA, La Liga) › Re: EPL Chatroom - All Discussions by OasisX: 12:14am On May 22, 2023

Breaking Bad News:

NNPC sets dates for PH, Warri, Kaduna refineries to start operation.

The Nigeria National Petroleum Company (NNPC) Limited has set dates for the commencement of operation at three refineries located in Port Harcourt, Rivers state, Warri in Delta State and Kaduna state.

According to the Group Chief Executive Officer (GCEO) of the NNPC, Malam Mele Kyari, the Port Harcourt refinery will be ready before the end of the year 2023 while those in Warri and Kaduna would start production in 2024.

Kyari said this during an interview he granted when he led his management team on a courtesy visit to the Abuja headquarters of Trust TV.

“Our plan is to bring it (Port Harcourt refinery) on stream this month but unfortunately, we have some slippage because of global supply chain issues that we had,” he stated.

“We believe that this plant will come on stream before the end of this year. We are very sure of that.

“The Port Harcourt refinery has a combination of 210,000 barrels per day so that means it is a third of the Dangote refinery.”

Kyari further disclosed that the NNPC has a total refining capacity of 445,000 barrels in four refineries in three locations.

The NNPC bigwig said that rather than use public funds, money was borrowed for the rehabilitation of the refineries and their repayment tied to their performance.

“We are also borrowing to fix the Warri and Kaduna refinerie. Kaduna will kick up, it is a 36 months project but what happens in the rehabilitation is that you do them stage by stage.

“We will replicate the same thing in the Warri refinery and the contractor, Daewoo is on site working, mobilized to site, equipment being delivered to site and we believe also that within that 36 month cycle, it will also complete the rehabilitation.

“Port Harcourt will start producing fuel this year and by the first quarter of next year, Kaduna will start producing fuel,” the NNPC boss revealed.

2 Likes 2 Shares

European Football (EPL, UEFA, La Liga) › Re: EPL Chatroom - All Discussions by OasisX: 12:08am On May 22, 2023

airmark:
😄

Well, Obi is 100% a dagbo man.

😅😅😅

Dem know bruh. Everyone knows it.

European Football (EPL, UEFA, La Liga) › Re: EPL Chatroom - All Discussions by OasisX: 12:07am On May 22, 2023*

Bad News: NNPC Limited is set to supply 300,000 barrels of crude to Dangote Refinery for the commencement of operations.

The company’s GCEO, Kyari gave this assurance at the 2023 Nigerian Oil and Gas Opportunity Fair organised by NCDMB, held in Yenagoa, Bayelsa State.

This reassurance of energy sufficiency comes ahead of the inauguration of the Dangote Refinery.

1 Like

European Football (EPL, UEFA, La Liga) › Re: EPL Chatroom - All Discussions by OasisX: 7:54pm On May 21, 2023

monerozi5590:
Omg! This is massive. Wike really tried.

Wike deserves a gold statute in PH.

European Football (EPL, UEFA, La Liga) › Re: EPL Chatroom - All Discussions by OasisX: 7:23pm On May 21, 2023

Abingos and his Master............................LMFAO

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European Football (EPL, UEFA, La Liga) › Re: EPL Chatroom - All Discussions by OasisX: 7:20pm On May 21, 2023

larride:
Doyin Okupe don turn investor like this.

Ellu P no pay am as e envisaged. Na Abure chop am alone.

2 Likes

European Football (EPL, UEFA, La Liga) › Re: EPL Chatroom - All Discussions by OasisX: 7:18pm On May 21, 2023

Itsrm:
That is what happens when you want to win an argument at all cost

......and it makes him more silly to the audience.

4 Likes

European Football (EPL, UEFA, La Liga) › Re: EPL Chatroom - All Discussions by OasisX: 7:17pm On May 21, 2023

airmark:
This livelongnprospa, na scam. 😄

.....to be fair to him, he ain't a scam. Jez too shallow-minded to reasoning as sensible humans.

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European Football (EPL, UEFA, La Liga) › Re: EPL Chatroom - All Discussions by OasisX: 7:15pm On May 21, 2023

Governor Nyesom Wike built the 132-bed Cancer, Cardiovascular, Diagnostic and Treatment Center.

Wike is best Governor of this era, no one comes close. He touched every sector in the state.

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European Football (EPL, UEFA, La Liga) › Re: EPL Chatroom - All Discussions by OasisX: 7:02pm On May 21, 2023

......long I read anything about Pat Utomi and Doyin Okupe. Ain't they in Labour Party again?!

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European Football (EPL, UEFA, La Liga) › Re: EPL Chatroom - All Discussions by OasisX: 7:00pm On May 21, 2023

Wike sha..........LMFAO! Lessons well tutored, hopefully Obi has learned.

European Football (EPL, UEFA, La Liga) › Re: EPL Chatroom - All Discussions by OasisX: 6:51pm On May 21, 2023

izzou:
[color=royalblue]Abeg Abeg

If you wan blast am, quote am directly.

All these side remarks get as e be.

Peace ko, Pistorius ni [/color]

😅😅😅😅

1 Like 1 Share

European Football (EPL, UEFA, La Liga) › Re: EPL Chatroom - All Discussions by OasisX: 6:40pm On May 21, 2023

monerozi5590:
You don know am finish. All he does is to go to Twitter and look for bad news about Nigeria and bring it here. All the good news you do bring here, you won't see him say any good thing about it.

They claim to love Nigeria more than everyone here but when Nigerians were suffering due to the cashless wahala, some of them were even celebrating Buhari thinking it will make Obi win. One here even said this Singular act of Buhari has exempted him from all his wrong doings.

.....LMFAO! They actually love Buhari now bruh, they even want him to continue beyond May 29. Anything to stop the Inauguration, these folks gonna do it.

European Football (EPL, UEFA, La Liga) › Re: EPL Chatroom - All Discussions by OasisX: 6:37pm On May 21, 2023

izzou:
[color=royalblue]Make una quote unaselves and let us have a brawl here

Since when niheelist enrolled in a seminary school, here has lost its touch of a beer parlour

[/color]

You should be preaching peace not violence bro.

European Football (EPL, UEFA, La Liga) › Re: EPL Chatroom - All Discussions by OasisX: 4:35pm On May 21, 2023

Go look for bad news on twitter as usual Dólt. Ediots as you are waiting for it.

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European Football (EPL, UEFA, La Liga) › Re: EPL Chatroom - All Discussions by OasisX: 4:23pm On May 21, 2023

......still on our own Aramco for now.

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European Football (EPL, UEFA, La Liga) › Re: EPL Chatroom - All Discussions by OasisX: 4:20pm On May 21, 2023

.....this Múppet is dull sha. Why he dey confuse himself ffs! He asks Itsrm to read patiently whereas he needs the advice more than anyone on this board.

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European Football (EPL, UEFA, La Liga) › Re: EPL Chatroom - All Discussions by OasisX: 3:43pm On May 21, 2023

larride:
It’s either Prosper was hacked or na photoshop. I refuse to believe this screenshot.

We need forensic analyst please.

😅😅😅😅

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European Football (EPL, UEFA, La Liga) › Re: EPL Chatroom - All Discussions by OasisX: 3:21pm On May 21, 2023

Itsrm:
So I've been wasting my time all these while when I could have just used the search button

Dude na tap water nah. He no dey reason before post.

You warn am then, but e no too get sense to see beyond Mo-Mo tweets.

10 Likes 1 Share

European Football (EPL, UEFA, La Liga) › Re: EPL Chatroom - All Discussions by OasisX: 3:18pm On May 21, 2023

🤣🤣🤣🤣🤣

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European Football (EPL, UEFA, La Liga) › Re: EPL Chatroom - All Discussions by OasisX: 3:15pm On May 21, 2023

......Itsrm. Another one for you. Stop wasting your time. Emotion over sense is what they are experiencing right now. They'll be alright after May 29.

10 Likes

European Football (EPL, UEFA, La Liga) › Re: EPL Chatroom - All Discussions by OasisX: 3:09pm On May 21, 2023

liveLongNprospa:
Please oo.. Quick question, as at June what was your prediction concerning Obi?
Infact in the month of June, kwankwaso was judged to have more political clout than Obi.

But today as we talk, only Obi and Atiku can categorically point to having 2 regions on lock down.. Infact Obi can call SS and SE and this is just after 4 months of joining LP.
What do you think will happen after the work His Vice has been putting in starts showing up ehn .

So you think Tinubu has a chance when Atiku who is from the NE doesn't have buhari to battle in the North again. Abi you think Shettima has something to offer outside Borno.
Or you think most of the APC northern governors will work against their brother .

See better be realistic. In the last 4 months, our electoral field has changed drastically

Cc Itsrm....... say no more.

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European Football (EPL, UEFA, La Liga) › Re: EPL Chatroom - All Discussions by OasisX: 3:06pm On May 21, 2023

afrodoc2:
This same place that people were arguing that Obi's candidate would affect Tinubu more?

Dem don dey forget.

European Football (EPL, UEFA, La Liga) › Re: EPL Chatroom - All Discussions by OasisX: 2:30pm On May 21, 2023

All is set for Dangote Refinery - Tomorrow is the Day.

3 Likes 1 Share

European Football (EPL, UEFA, La Liga) › Re: EPL Chatroom - All Discussions by OasisX: 2:24pm On May 21, 2023

Itsrm:
Exactly. They thought they had Buharis 11m votes on lockdown

Another argument is that the PDP is a useless opposition party. If anyone can go the length to dig deep against OBI, it's the APC. See how LP is even doing all the attack against APC while the useless PDP is nowhere to be found.

You're right on PDP uselessness sha, coz if they ain't useless, a Party that comes 3rd won't be in court, wailing of stolen mandate every day like Abiku child.

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European Football (EPL, UEFA, La Liga) › Re: EPL Chatroom - All Discussions by OasisX: 2:21pm On May 21, 2023

raumdeuter:
My biggest fear was Obi dropping out of the race. I said it many times Obi being in the race is the biggest asset APC has
Same thing Soludo and those who are not emotional

Wike didn’t declare him a Hero for nothing nah. Wike supported him cos our man must contest by fire and force for BAT to win.

https://www.youtube.com/watch?v=W9zTiGQBJpM

European Football (EPL, UEFA, La Liga) › Re: EPL Chatroom - All Discussions by OasisX: 2:11pm On May 21, 2023

raumdeuter:
The same people who were up in arms that Tinubus kids owned properties that is above their income are suddenly okay with the explanation that Obis kid who is a teacher owns an offshore account

Touch not the annointed.......LMFAO

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