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Nairaland Forum / Nairaland / General / Politics / Addax OML License Saga: The Real Facts (9379 Views)
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Addax OML License Saga: The Real Facts by stephanie11: 3:06am On Apr 27, 2021 |
In 1998, the NNPC entered into a 20-year PSC (Production Sharing Contract) in respect of certain oil mining leases (OMLs) with Addax Petroleum, a company listed on the Toronto Stock Exchange (TSX). The PSC was subsequently extended for a further four years, until 2022. The assets were OMLs 123, 124, 126 and 137.https://politicsnigeria.com/addax-oml-license-saga-the-real-facts/
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Re: Addax OML License Saga: The Real Facts by Yankee101: 5:04am On Apr 27, 2021 |
You cannot conquer a strong man without help from within his household 7 Likes |
Re: Addax OML License Saga: The Real Facts by MANNABBQGRILLS: 5:05am On Apr 27, 2021 |
From 1998 until 2009, Addax increased production in these OMLs to about 130,000 bopd. ........and by 2021, production had declined to 25,000 bopd. The Excess Crude Account was looted dry. foreign reserves drawn down. Federation Account, emptied. We made the highest revenue in the history of our nation, But they still borrowed money to pay salaries!!! And the economy was set on an irreversible path to recession. NEVER AGAIN will our nation be that unfortunate. We will get over this perilous time together in our nation. Slow and steady we will get to the country of our dreams. Nigeria will be great in our lifetime. God bless Nigeria. tuoyoojo:Time of plenty.....? Hmmmmm, this is deeper! We Rise! Meanwhile, The DPR should be commended for proactively taking concrete steps to boost the revenue accruing to the Government from these underperforming assets. 3 Likes 2 Shares |
Re: Addax OML License Saga: The Real Facts by vampiresdiary(m): 5:07am On Apr 27, 2021 |
Ok |
Re: Addax OML License Saga: The Real Facts by sowilli: 5:08am On Apr 27, 2021 |
But the president has asked has reversed the decision by dpr. How can license be revoked and re-awarded immediately without any competitive bidding process? 5 Likes |
Re: Addax OML License Saga: The Real Facts by markidoo(m): 5:11am On Apr 27, 2021 |
Chai |
Re: Addax OML License Saga: The Real Facts by cardoctor(m): 5:12am On Apr 27, 2021 |
B |
Re: Addax OML License Saga: The Real Facts by free2ryhme: 5:20am On Apr 27, 2021 |
stephanie11: if una like make una finish this country na una sabi |
Re: Addax OML License Saga: The Real Facts by helinues: 5:26am On Apr 27, 2021 |
Still one side of the story in Phil Collins's voice 2 Likes |
Re: Addax OML License Saga: The Real Facts by nautybride: 5:26am On Apr 27, 2021 |
In short, Nigeria is not gaining money from both sides anymore. |
Re: Addax OML License Saga: The Real Facts by Stalwert: 5:28am On Apr 27, 2021 |
Proactive approach to governance is best. |
Re: Addax OML License Saga: The Real Facts by ruggedtimi(m): 5:52am On Apr 27, 2021 |
Okay |
Re: Addax OML License Saga: The Real Facts by Futurecryptoo: 5:57am On Apr 27, 2021 |
. |
Re: Addax OML License Saga: The Real Facts by Nwakannaya1: 6:00am On Apr 27, 2021 |
post=101157013: This can't be coming from a BMC... 1 Like |
Re: Addax OML License Saga: The Real Facts by Nobody: 6:26am On Apr 27, 2021 |
Hmmn.... 50million email available for 15k. |
Re: Addax OML License Saga: The Real Facts by Redoil: 6:37am On Apr 27, 2021 |
Nwakannaya1:which means bmc are not smart |
Re: Addax OML License Saga: The Real Facts by Seniorwriter(m): 7:04am On Apr 27, 2021 |
So much lopsidedness in our country and economics. |
Re: Addax OML License Saga: The Real Facts by Nobody: 7:11am On Apr 27, 2021 |
Nwakannaya1:You don't get it,that reprobate is blaming Gej even as his owner buhari has stayed for 6 years in power now 2 Likes |
Re: Addax OML License Saga: The Real Facts by DesChyko: 7:20am On Apr 27, 2021 |
post=101157013: This article is clearly talking about the mismanagement of an oil field now unlike how it was properly managed before 2009. But you've managed to twist it into an APC vs PDP narrative. And it's this APC currently in power (for just six years) that you are glorifying. Wow! In the face of the many trubulations and insecurity Nigeria is undergoing now, you actually have the effontery to say "NEVER AGAIN will our nation be that unfortunate" . Which misfortune is worse than not being sure of tomorrow? See how people are living in fear all over. They can't even go about their businesses freely. Nah only God go help BMC. 2 Likes |
Re: Addax OML License Saga: The Real Facts by afroxyz: 8:26am On Apr 27, 2021 |
post=101157013: What does the production of barrels per day have to do with the looting money in excess crude account? Stop misleading people on a topic you know nothing about 1 Like |
Re: Addax OML License Saga: The Real Facts by sylve11: 8:43am On Apr 27, 2021 |
I will read this In no hurry. I doubt if it's actually the fact, considering how truth has become so expensive. |
Re: Addax OML License Saga: The Real Facts by dbonks(m): 8:46am On Apr 27, 2021 |
post=101157013: Sometimes your sentiments and emotions does not allow you ask some critical questions: When did barrel per day production fall astronomically like that. What is the guarantee that, the new consertium which according to the news has been working with ADDAX over the years would be able to shore up production at least to meet up with what prevailed in 2009 to ensure increased revenue inflow? What is the fate of those Nigerians that have been in the employ of ADDAX over the years? Is there any concrete plan to capture them, incase the new consertium decides to downsize for the mean time pending when things returns to normalcy, or are we going to witness another case of innocent Nigerians going to be thrown out of job to join the already saturated labour market? Time will tell. We are all here, don't come here tomorrow to tell us how opposition elements didn't allow the new consertium to function effectively, hence there in ability to reck in revenue to government coffers. |
Re: Addax OML License Saga: The Real Facts by Ojiofor: 9:28am On Apr 27, 2021 |
post=101157013: Buhari government have borrowed more money than Nigeria ever made from crude oil from 1999 to 2015. |
Re: Addax OML License Saga: The Real Facts by aminulive: 9:40am On Apr 27, 2021 |
This is very good. Now the real truth is coming out.......the government made the right move |
Re: Addax OML License Saga: The Real Facts by AlphaSentinel: 9:47am On Apr 27, 2021 |
Why was Addax not making use of the assets? The government only gave it to people that can use it and generate much needed revenue. Kaztec is actually a good choice, highly professional guys |
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