₦airaland Forum

EARNING FROM CRUDE OIL EXPORT - IN USD

2010 — $60.90Bn
2011 — $90.41Bn
2012 — $98.63Bn
2013 — $75.07Bn
2014 — $74.74Bn

2015 — $34.93Bn
2016 — $27.02Bn
2017 — $36.06Bn
2018 — $49.51Bn
2019 — $47.86Bn
2020 — $26.09Bn
2021 — $36.05Bn


https://twitter.com/StatiSense/status/1552577772522029057

Joel 2v 25: And I will restore to you the years that the locust hath eaten, the cankerworm, and the caterpiller, and the palmerworm, my great army which I sent among you.



God Bless Incoming President Bola Ahmed Tinubu
God Bless President Buhari
God Bless Federal Republic of Nigeria

That's a lot if not for Looting

What did we use all these money for? Damn!! This country is fuvked.

It keeps falling

Okonandmary:
It keeps falling

Because they are looting it.

AlfaSeltzer:
Because they are looting it.

All the Nigerian elites are guilty

AlfaSeltzer:
Because they are looting it.

Ah ....are you sure you are educated?

So you don't know what is called Earning?

ok

blamingthedevil:
Ah ....are you sure you are educated?

So you don't know what is called Earning?

Are you minding the IPOB members that submitted their brains to ohamadike monkey Kanu

blamingthedevil:
Ah ....are you sure you are educated?

So you don't know what is called Earning?

Declared earning.

blamingthedevil:
EARNING FROM CRUDE OIL EXPORT - IN USD

2010 — $60.90Bn
2011 — $90.41Bn
2012 — $98.63Bn
2013 — $75.07Bn
2014 — $74.74Bn

2015 — $34.93Bn
2016 — $27.02Bn
2017 — $36.06Bn
2018 — $49.51Bn
2019 — $47.86Bn
2020 — $26.09Bn
2021 — $36.05Bn


https://twitter.com/StatiSense/status/1552577772522029057

phool earning from gas export this year's will be more than $100b . Crude oil $50b

okeysoninv:
phool earning from gas export this year's will be more than $100b . Crude oil $50b

Gas earnings from 2021

Nigeria’s earning from last year’s gas export is put at $868.5m, according to latest gas revenue data from the Nigerian National Petroleum Company, NNPC Limited.

That's less than one billion dollars, talkless of 100 billion dollars.

SAUCE

Really it does not matter how much we earn from oil.....we should be running a diversified economy with most of our exports being rooted in manufactured goods and servicies.

twentyfivekobo:
Gas earnings from 2021



That's less than one billion dollars, talkless of 100 billion dollars.

SAUCE

must you argue blindly Nigeria gas export is 38 billion cubic meters .how much is gas per cubic meters ? 2-4usd . na wa o for u. even Portugal alone paid $1b for gas from Nigeria. abeg , make use of ur brain

okeysoninv:
must you argue blindly Nigeria gas export is 38 billion cubic meters .how much is gas per cubic meters ? 2-4usd . na wa o for u. even Portugal alone paid $1b for gas from Nigeria. abeg , make use of ur brain

I even gave thee sauce.

Here is some more with sauce..

From Punch. (posting links causes problems).

Nigeria raked in about $868.5m (N361.43bn at the official exchange rate of N416.15/$) from gas export and N13.36bn from domestic gas sale in 2021, an analysis of the latest gas revenue data and other monthly reports obtained from the Nigerian National Petroleum Company Limited showed.

Data from the oil firm showed that the Federal Government through NNPC garnered the funds from the sale of Natural Gas Liquids/Liquefied Petroleum Gas, as well as Nigeria Liquefied Natural Gas feedstock.

It was learnt that the joint venture partners of NNPC in the gas business during the review period include Chevron Nigeria Limited, Mobil Producing Nigeria, Shell Petroleum Development Company and Total Exploration and Production Nigeria.

Findings showed that in January 2021, the country earned $50.19m from the export of NLNG feedstock and made N1.05bn on domestic NGL/LPG, while in February it made $26.6m and $90.38m from NGL/LPG and NLNG feedstock exports respectively.

It is only this year we got one billion from Portugal...good. But that's the highest we got recently...and it isn't up to 100 billion yet.

twentyfivekobo:
I even gave thee sauce.

Here is some more with sauce..

From Punch. (posting links causes problems).

abeg go and rest . that dab into what you don't know about . that figure is from NLNG not from all the gas processing companies in Nigeria. go and find out human Russia is makes from 160b gas export from Europe last year.

okeysoninv:
abeg go and rest . that go into what you don't know about . that figure is from NLNG not from all the gas processing companies in Nigeria. go and find out human Russia is makes from 160b gas export from Europe last year.

Gas revenue in the first quarter this year...

Propelled by rising prices, Nigeria’s revenue from gas sales rose by 64.32 percent in the first quarter of 2022 (Q1’22) to N119.4 billion compared to N72.64 billion recorded in the corresponding period last year

120 million naira...naira.

Not yet 100 billion dollars, though if it went that high, it would be good. Good news from the Portugeese, but not yet 100 billion dollars.....

twentyfivekobo:
Gas revenue in the first quarter this year...

Propelled by rising prices, Nigeria’s revenue from gas sales rose by 64.32 percent in the first quarter of 2022 (Q1’22) to N119.4 billion compared to N72.64 billion recorded in the corresponding period last year

120 million naira...naira.

Not yet 100 billion dollars, though if it went that high, it would be good. Good news from the Portugeese, but not yet 100 billion dollars.....

I need an intelligent argument not this lame argument . if Russia is earning $720million per day from gas why should Nigeria earn 800million per gas. I have told you early before go and verify the price of gas per cubic meters . total amount of gas exported from Nigeria. do your calculations and come back.

okeysoninv:
I need an intelligent argument not this lame argument . if Russia is earning $720million per day from gas why should Nigeria earn 800million per gas.

In cubic feet

Nigeria produces 3,009,650.25 million cubic feet (MMcf) of natural gas per year (as of 2015) ranking 12th in the world

Okay, now here is Mother Rossiya

Russia produces 22,728,734 million cubic feet (MMcf) of natural gas per year (as of 2015) ranking 2nd in the world


Using some more up to date materiel

Gas reserves...

Nigeria:206.53 trillion cubic feet

Rossiya: 1,688 trillion cubic feet

twentyfivekobo:
In cubic feet

Nigeria produces 3,009,650.25 million cubic feet (MMcf) of natural gas per year (as of 2015) ranking 12th in the world

Okay, now here is Mother Rossiya


Russia produces 22,728,734 million cubic feet (MMcf) of natural gas per year (as of 2015) ranking 2nd in the world


Using some more up to date materiel

Gas reserves...

Nigeria:206.53 trillion cubic feet

Rossiya: 1,688 trillion cubic feet

https://www.opec.org/opec_web/en/about_us/167.htm


Below data covers 2021

Population (million inhabitants) 218.40
Land area (1,000 sq km) 924
GDP per capita ($) 1,998
GDP at market prices (million $) 436,450
Value of exports (million $) 46,868
Value of petroleum exports (million $) 41,378
Current account balance (million $) 3,638
Proven crude oil reserves (million barrels) 37,050
Proven natural gas reserves (billion cu. m.) 5,848
Crude oil production (1,000 b/d) 1,323
Marketed production of natural gas (million cu. m.) 48,572
Refinery capacity (1,000 b/cd) 486
Output of petroleum products (1,000 b/d) 5
Oil demand (1,000 b/d) 495
Crude oil exports (1,000 b/d) 1,592
Exports of petroleum products (1,000 b/d) 11
Natural gas exports (million cu. m.) 38,464
b/d (barrels per day)
cu. m. (cubic metres)
b/cd (barrels per calendar day)
Can you rest now

okeysoninv:
https://www.opec.org/opec_web/en/about_us/167.htm


Below data covers 2021

Population (million inhabitants) 218.40
Land area (1,000 sq km) 924
GDP per capita ($) 1,998
GDP at market prices (million $) 436,450
Value of exports (million $) 46,868
Value of petroleum exports (million $) 41,378
Current account balance (million $) 3,638
Proven crude oil reserves (million barrels) 37,050
Proven natural gas reserves (billion cu. m.) 5,848
(Russia has 37.4 trillion )
Crude oil production (1,000 b/d) 1,323
Marketed production of natural gas (million cu. m.) 48,572
(763 BILLION cubic meters for russia...more than ours)
Refinery capacity (1,000 b/cd) 486
Output of petroleum products (1,000 b/d) 5
Oil demand (1,000 b/d) 495
Crude oil exports (1,000 b/d) 1,592
Exports of petroleum products (1,000 b/d) 11
Natural gas exports (million cu. m.) 38,464
b/d (barrels per day)
cu. m. (cubic metres)
b/cd (barrels per calendar day)
Can you rest now

Goot evening.

Jonathan had the highest revenue in Nigeria's history, everything got spent on the following, in no particular order:

1 petrol subsidy

2 Defending the Naira

3 Corruption

4 2015 Election

twentyfivekobo:
Goot evening.

hope you can see the number of exported gas as of last year is 38.8 billion , this year it will be 40+ billion then multiply with the price . You can find out the price yourself. Thats amount of revenue for gas. I repeat we have no business of dollar shortage hold buhari and his 40 band of thieves responsibility

okeysoninv:
hope you can see the number of exported gas as of last year is 38.8 billion , this year it will be 40+ billion then multiply with the price . You can find out the price yourself. Thats amount of revenue for gas. I repeat we have no business of dollar shortage hold buhari and his 40 band of thieves responsibility

Good evening

blamingthedevil:
Joel 2v 25: And I will restore to you the years that the locust hath eaten, the cankerworm, and the caterpiller, and the palmerworm, my great army which I sent among you.



God Bless Incoming President Bola Ahmed Tinubu
God Bless President Buhari
God Bless Federal Republic of Nigeria

We will make sure Tinubu sees less that 1b dollars from our oil. Avenger boys no what to do. We will make Tinubu govt uncomfortable for him just as they made it had for Goodluck's presidency. Let him use all the money he said he has that is more than osun States money to run his govt; let him borrow from this skuller mining billionaires.