₦airaland Forum

Believeintruth:
Prove me wrong and stop throwing insults. It is very clear that what you posted is just a carefully crafted propaganda. Some of us are graduates of Chemical and Petroleum engineering so we know the basics of refining technology. Straight run gasoline is the first stage products that is fed into the catalytic cracker to produce PMS, so why is dangote exporting this pre-stage product when there is a high demand for cheap PMS in Nigeria? Next, why export to Europe where refineries are scaling down due to low demand and consumer preference for low fuel consumption vehicles, EVs and Hybrid variants?

Believeintruth:
Cool down with this spread of propaganda, the same Europe where the demand has gone low because of EV vehicles is the same one that Dangote want to flood with straight run gasoline of low sulphur grade!! Guy try to articulate your propaganda so that your stories can add up very well.

AfonjaConehead:
Well I don't know or bother myself about that. The only thing that concerns me is the return of the old Benin kingdom and empire...that the great Obas,Oba Ovoramwen,Oba Esigie,Oba Ewuare,etc built.

Nothing like asaba, ogwashuku kwale IJAW and even urhobo there ....

The delta got their own destiny, especially the Ijaws.

AfonjaConehead:
Guy there's nothing like Edo/Delta nation,where the hell you getting this from.

In the days of the great Obas of Benin,there was nothing like delta people in the kingdom.
There's no cultural and traditional ties between the Edos and the people of delta state apart from a little from the urhobos.
The Ijaws speak IJAW language and the others,asaba, ogwashuku kwale are more close to the Igbos as they speak same language.
Edo got no ties at all with the igbos

Malawian:
BE LOOKING FOR IGBO PEOPLE TO JOIN YOU IN YOUR COUNTRY.

AfonjaConehead:
Yes and that's cos the whole of Delta today was part of the old Bendel with the capital in Benin city.

But Bendel is really all about the Edo.. today it is Edo state and all the components of Edo,the Benins,Esan,Afemai which consists of the Auchi,Owan people are all Edoid. All offshoots of the Benin kingdom. It's only the people of Akoko Edo,Igarra,who are also part of Afemai,that are not really Edo! Their language and music is more related to the Kwara kogi Igalla something. They also speak a lot of yoruba as well in Igarra. Only the Urhobos in delta are Edo people who went very far away from home and only God knows what happened to them and who they mixed with that gave them their present kinda language and cultural lifestyle.
So in essence,the Benins are top in the kingdom and if anything happens today,the old Benin kingdom and empire will be returned and it doesn't include any outsiders whether asaba or ogwash or kwale, everybody go answer him papa name for him own country. I really wish for that.

AfonjaConehead:
They are not. Maybe the urhobos but certainly not those asaba,ogwashuku,kwale,IJAW... We Edos got nothing in common traditionally and culturally with them. They are Anioma and have strong cultural and traditional ties with the Igbos.

gidgiddy:
If Nigeria breaks up, its likely that the Igbos of Bendel will leave with their kith and kin in the East

CountinBlessins:
The rest will be declared.

Richtaiwo:
Hateful elements and society dregs said Dangote was building refinery because of niger delta oyel. I wonder if countries like India also built refinery because of niger delta oyel. They insult Dangote for living, now insult him for siphoning Niger delta oyel. Irritating things.

Christistruth00:
People that will soon put themselves in charge of selling Fan Yoyo and Gala on the new Lagos Calabar Highway

Dangote refinery has commenced export of its refined product providing more revenue opportunities for the mega refinery.


This is even as the refinery has placed new order for crude oil totalling about 24 million barrels over the next 12 months

For the first time, a Cargo of Low- sulphur Straight Run Fuel Oil (LSSR) produced at the 650,000 barrels a day plant has reached the European market.

The 90,000 tons cargo was loaded at Dangote’s terminal in Lekki on 25 April and discharged in Rotterdam on 13 May, according to data from trade analytics firm Kpler.

The cargo will likely be used as a blendstock to produce very-low sulphur fuel oil (VLSFO), market participants said.

Roughly 72pc of the fuel oil exported from Dangote has been delivered to the US since the refinery offered its first LSSR export tender mid-February. A total of just under 620,000 tons has been delivered so far.

Another LSSR shipment of 83,400 tons departed the refinery on 7 May, according to trade analytics firm Vortexa. It is scheduled to arrive in France on 22 May, but market participants say this is unlikely to be the cargo’s final destination.


The LSSR price assessments on a fob Amsterdam-Rotterdam-Antwerp (ARA) basis have stayed at a $5/bl premium to front-month Ice Brent crude futures this week, narrowing from an 18-month high of $7.50/bl in mid-April.

Maintenance work that began in the first quarter affected fluid catalytic cracking (FCC) units at some refineries.

The FCCs take LSSR and low-sulphur vacuum gasoil to increase gasoline yields.

Meanwhile, Dangote refinery has placed new order for crude oil totalling about 24 million barrels over the next twelve months.

The refinery is seeking to buy millions of barrels of US crude over the next year as it ramps up processing rates, an indication Nigeria’s current output may not sustain its operations.

Nigeria has been unable to meet its quota from the Organization of Petroleum Exporting Countries(OPEC), for at least a year.

The nation pumped about 1.45 million barrels a day of crude and liquids in April, still far below its estimated production capacity of 2.6 million barrels a day. Crude theft, aging oil pipelines, low investment, and divestments from oil majors operating in Nigeria have all contributed to declining production.


Dangote refinery had issued a term tender for the purchase of 2 million barrels a month of West Texas Intermediate Midland crude for 12 months starting in July, according to a document seen by Bloomberg. The tender closes on May 21.

The call for US oil highlights how influential the plant will be in global crude and fuel trading.

It also reflects Nigeria’s struggle to lift its own crude production, which remains well below theoretical capacity, as well as Dangote’s willingness to tap cheaper supplies than it can find at home.

“Supply of Nigerian crude is insufficient or unavailable and sometimes unreliable,” said Elitsa Georgieva, executive director at Citac, an energy consultancy specialising in the African downstream sector. “WTI on the other hand, is available, with reliable supply and competitively priced.”

Buying different feedstocks also provides flexibility and optionality for the refinery, so the tender makes economic sense for Dangote, Georgieva said.


To ensure enough local supply to the giant 650,000 barrel-a-day Dangote refinery, the Nigeria Upstream Petroleum Regulatory Commission, (NUPRC) released new draft rules last month that will compel its oil producers to sell crude to domestic refineries.

The plant, currently running at about half capacity, is taking advantage of cheaper US oil imports for as much as a third of its feedstock.

Since the start of this year, it has received at least one supertanker carrying about two million barrels of WTI Midland each month. An official at Dangote declined to comment.

Zulu11zulu:
Tinubu should be won not to touch pension funds to fund his friend for coastal highway.

Nigerians should open thire eyes

superCleanworks:
they only have power hiding behind each other. worst set of cowards ever.

if i have the chance to punish such a fool, I will do something that will make every family sit up and watch their children to the point where they either kill that child by themself of hand him over to police before he puts them in trouble.
I will bring the cult fool in front of his family and make him watch as I behead his parents right in front of him.

jmoore:
I stay in Aba. The hype that came with the commissioning of geometric has not lived up to expectation. Only few areas who are in the minority are enjoying regular power supply from geometric power station while the rest are under epileptic supply sourced via TCN.

About two weeks I went to a place near Ngwa road, Ogwo road, I noticed that Aba power has started free mass metering in areas that have been connected to geometric.

My observation is that DISCOs will not generate much revenue if all customers have prepaid meters when the power is epileptic and insufficent. They prefer estimated billing, because they can generate revenue for supplying darkness. But if power is sufficient and stable, they will do free mass metering to generate much revenue.

There are 3 shops in our compound that share a prepaid meter. About a month ago, their balance was 4.10kwh. The credit has not exhausted because of poor supply. If it was estimated bill, they would have spent 10,000 in just 2 months.

unbiased2021:
All these coining of words show how ignorant and unintelligent you guys are. I can already deduce the kind of person you are and your financial situation and it’s very unfortunate you guys are not helping yourselves. It’s sad

77up:
Those people are something else. They have successfully turned themselves to global threat .

igwebuike01:
Same thing they did to Abia. If Ondo can have coastal minority tribes nothing stops Abia

Bigkoko:
Paraga....so you mean we should tell Mami Dem in the villages shouting Ebi pa won, to keep quiet and wait till 2027m

MasterofNL:
Oceans and the Sea and many a distance of 30 minutes drive.

Uche Erondu


https://groups.google.com/forum/m/#!topic/okonkwonetworks/Rxb42OACns0

There seems to be hope in the offing for Nigeria as its dwindling daily oil production turned the corner in April, rising marginally from 1.23 million barrels per day in March to 1.28 mbpd, according to the Organisation of the Petroleum Exporting Countries.

OPEC, in its Monthly Oil Market Report for May, said Nigeria’s oil production added 50,000 barrels daily in the last month after it fell in recent times during the month before.

The nation’s crude production fell from 1.32 million barrels per day in February to 1.23 million barrels per day in March, according to a report issued by the organization on Tuesday.

Production dropped from 1.427 mbpd in January to 1.322 mbpd, according to primary sources.

The continuous drop in production came amid stakeholders’ concerns over the loss of revenue due to the failure of the government to ramp up production.

Recently, the Chairman of the Petroleum Technology Association of Nigeria, Wole Ogunsanya, said the country was losing a lot of revenue daily due to its inability to tackle dwindling oil production.

According to Ogunsanya, if Nigeria could retain between 60 and 70 per cent of the oil and gas value chain in the country, it stands a better chance of being among the top 20 economies in the world.

He pointed out that the country was underproducing to the tune of at least 500,000 barrels per day, which was a huge loss to the country.



But the Federal Government said the drop in Nigeria’s crude oil production was due to issues encountered on the Trans Niger Pipeline, coupled with maintenance activities carried out by some oil companies operating across the country.

It, however, stated that efforts were on to fix the pipeline, adding that this would enable the country to produce up to 1.7 million barrels per day of crude oil and condensates.

The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, claimed that the drop in production was due to issues encountered on the Trans Niger Pipeline.

“In response to recent concerns regarding a shortfall in oil production in Nigeria during the first quarter of 2024, the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, assures (Nigerians) that measures are being taken to address the situation to, not only restore production to previous levels but to also increase it.

“The minister clarifies that the reported production shortfall was primarily due to issues encountered on the Trans Niger Pipeline, coupled with maintenance activities carried out by some oil companies operating in Nigeria.

“The minister is also pleased to announce that the issues have been adequately addressed, and production is expected to return to its previous levels in the coming days,” a statement by Lokpobiri’s spokesman, Nneamaka Okafor, said in April.

At a meeting with stakeholders in Lagos recently, Lokpobiri emphasised that idle oil wells and licences would be revoked and handed over to individuals with proven capacity to explore.