It would be impossible to give you a cost proposal without you supplying more info.

You need to state the model, year, tonnage and other specs of the truck. It is these info that would determine what your truck can carry.

Furthermore you need to specify how long it has been in use in Nigeria and the location.

I have always known the us has bigger oil reserves, but I was shocked to learn Canada, china, Mexico, Brazil produces more crude, and they do not shout about it.

Nigeria in their usual megalomania also shout “we are the forth largest exporter of crude oil in the world". This is a blantant lie, we are not the 4th but the 12 largest oil producing nation
. The largest producer is not even Saudi Arabia but Russia. what we really mean to say is that we are the 4th largest exporter since we export virtually all the oil we produce and in return buy finished products from abroad. Most other oil producers do not export all their oil in crude form but refine a substantial amount for local consumption and for export. The US does not export at all even though they produce more oil than we do, same for china and Canada. Russia produces almost 4 times more than we do but export almost the same quantity that we do.

So you can see the foolishness of out leaders over the years, we pride ourselves at being one of the largest exporter of crude and leave ourselves at the mercy of foreign countries for out energy needs.

More about the top oil producing countries can be read here; http://www.huffingtonpost.com/blackberry/slideshow.html?id=826564&sid=17591&snum=9#slideimg

Sorry can not see the other site now as I am using a mobile phone and the service is crawlingly slow. But one fact is that the government or nnpc sells. Crude to the refineries at prevailing international price, that was what the GMD of NNPC said during the senate hearings.

You agree that at small and medium scale, refineries are not profitable if the crude is bought at prevailing international prices.

Yes large refineries can be profitable in the long run when one considers the economy of scale, but the refinery has to be operated optimally and with a favourable tax and licensing regime.

The main problem I see in Nigeria is incompetence, if the government cannot tackle corruption in subsidizing fuel, I doubt they would be able to tackle corruption in subsidizing crude.

Please my brother, let us debate with facts and figures or at least with some logic.

What you posted above make no sense and have not been able to contradict what I said. If the daily quoted price is not the price it is sold internationally, then why is it quoted at all? It is like saying other commodities like gold, wheat, cocoa, is not really sold at the internationally quoted prices. So if oil is not sold at quoted prices, then what do we base our budget on? How do you then determine the price of crude.

You show you know nada about the international oil market and in fact international trade. The international oil market is very complex and very dirty, it is even dirtier than the drug market, the major difference is that oil markets are controlled by powerful governments and their agents.

There are two markets in international oil market - the regular market we are familiar with, which prices are quoted everyday and the spot market which is highly secretive and prices are determined arbitrarily. This is where a lot of shady things happen. Then there is the large oil theft/smuggling market, which to a large extent is responsible for the usual instability in oil producing countries.

I suspect that most international refineries source oil from legal and illegal sources to post profit in a shorter time than it would be possible with only legal option.

I also suspect that most refineries in west Africa and some European countries were set up to feed on oil stolen from Nigeria or at best oil bought at spot prices.

You are not even looking at my core argument that at international crude prices, small refineries are not viable.

You do not need to argue further, just whip out your calculator and do the maths.
A 1000BPD refinery would need $100,000 dollars worth of crude, which comes to about N16,000,000 in naira. Now a barrel equals 168liters. Refining 1000barrels would at best give you 60 % of prime products of petrol, diesel and kerosine, the rest being gas and residue which cost considerably less. So 168,000liters can at best give 100,800liters. Even if you sell all products at N140 you can get only N14,112,000. The remaining gas would require more expensive equipment to process and the price of gas is very cheap, same for residues, they are sold as waste products. So you are that a small refinery would struggle to make profit on $100 crude prices, and we have not even considered the cost of the refinery itself along with other costs like land, administrative and even maintenance costs.

Those refineries you talked about are very crude, they are just huge drums with heat applied and the liquid component of the crude is distilled off. The gaseous and solid components as well as the residual oils are wasted and used to polute the environment.

At $100 per barrel of crude, there is no way such contraptions is viable. All of them run on stolen crude.

It will not work. If you listened to the debate, the petroleum minister stated that for a refinery to be commercially viable it must be able to refine at least 200,000 barrels per day, and that would cost about $4billion. A small refinery would not be able to cover its cost except the crude is sold at a highly subsidize price.

Please can someone explain how you would go about finding, investigating and prosecuting gays, what evidence would the police produce? Who would be the complainant?
Would the mare fact that two guys or babes share the same bed make them liable for investigation? Or would it be based on suspicion from neighbours?

Jimmy boy, forget the "it is not in our culture" argument, homosexualism or lesbianism is not in any culture as far I I know, there was worse persecution in Europe during the middle ages when religion held sway in the life of the people. I am sure you would not live to brag about it if you publicly announced that you are gay during Gallileo's time. The west are tolerating it because of new democratic values and because it is a waste of energy fighting it. It is still not a culture of the west because the number of people who openly process that they are gay is infinitesimally small compared with the population.

You might be surprised that we have more gays in Nigeria, we don't know because we are very secretive about it. I know we have lots of gays in the north, but there are strong denials.

There is a major misunderstanding about this gay marriage bill. Most people see jumbling too many issues together. I do not think outlawing gay marriage is the same thing as outlawing homosexualism or lesbianism. You can outlaw and punish same sex couple who perform marriage ceremonies including the officiating minister, but you cannot outlaw what two consending adults do in the privacy of their own homes. Except they do the act on the streets or in front of the TV, which is a serious offense on its own - same sex or opposite sex. If same sex had been with us before sodom and gomorah, I wonder how anyone would think they can outlaw it with legislation.

As any lawyer, rape cases are very difficult to prove in the law courts where we have a victim, then think about same sex offense where there are no complainants.
To me this law will go the way of the bigamy law - in the thrash bin of history.

In basic economic lexicon there is what is called law of comparative advantage. And our advantage is not trade, that was why our colonial masters did not set us up as a trading center but as an agricultural and raw matrials center. That should give you an idea of where our comparative advantage naturally lies. We can never compete with the middle east in terms of trade. They have been doing it for over 5000yrs. We base all our policies on the asumption that we would have oil money forever, oil is just a short distraction as far as our economic history is concerned.

My brother forget about the details of FTZ, instead think of the fundamentals. The middle east economy prior to oil was based primary on trade, so it made sense for them to establish free trade zones. But Nigerian economy prior to oil was based on agriculture, so it would have made more sense to establish agricultural and agricultural raw material base. Oil will finish in the near future and we would not have money to even feed not to talk of trade.

I am not in support of any free trade zone. Trade zones happens naturally as a result of being naturally situated between oriental producers and European consumers, that is why the middle east had been the center of trade for centuries.

We should be talking of free industrial zone or free agricultural zone. All what these free trade zones will do is increase importation, thereby worsening our unemployment situation and weakening our naira further.

Interested in electronics

How Far?

Daji, you can not get a drivable space bus for N500k. A Nigerian used sienna (200 - 2003 model) would sell for between N700 - 900k depending on the condition. you might get a Nigeria used Ford Windstar for N500k though.

Available

Still available

Its still up for grabs

This issue is going from ridiculous to insanity. No human being or any other animal for that matter that can retain anything in its alimentary canal for up to three week. In fact no capsule can enter the stomach for more than 48 hrs without digesting and bursting. If baba Suwe actually swallowed drugs in capsules, he would have been long dead.

This baby is still available

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My grouse with Oyedepo and other super rich men of God is what have they done to help the situation. They have huge fortune fleeced from their followers but contribute little or nothing to their welfare. Schools set up by them see too exhorbitant for the poor. They forget that they were educated free by the orthodox churches when their parents were not rich enough to pay school fees. Why can't oyedepo set up fee primary school for less perviledged members, it is then that he will have the moral right to critisize govenment.

Available

Available

NDLEA - very daft people. They should know that swallowed hard drugs cannot remain intact in a stomach for more than 48hrs, the capsules containing the drug would have been dissolved by gastric juices in the stomach and the drug would have killed Baba Suwe by now.

To expect him to excrete the drug after 7 days, - That is ridiculous.

I hope baba suwe had contacted his lawyers, he is a potentially very rich man.

Personally i doubt if this medicine or vaccine would work in the long run. Mosquitoes and the parasite - Plasmodium Falciparium seem to outsmart everything we can throw at them. Every so often a new drug is discovered and hailed as a final cure for malaria only for the drug to become useless 5 - 10yrs down the line. Name them, Chloroquine, Halfan, artisunate, and lots of others. The parasite adapts to quickly. I feel the best methods are prevention instead of cure.

I wish this new drug and their promoters good luck.

And this is the Chassis Number - 4T3ZF13C4YU318423

Fhemmmy:

Very clean ride . . . Happy Sale

Thanks Fhemmmy.

This is the Engine