₦airaland Forum

solmusdesigns:
Crude Oil has grade and class. I believe he wants to import Western Texas Oil

More products, high yield, easily distilled

Mugu, I know you must find a way to defend failure and the APC Government.

NNPC prefer to supply crude Oil to India, France, Spain, South Africa and China and get kickback in Dollars than to supply Dangote and other Modula Refinery.

Now due to the inability of NNPC to adequate crude oil to Dangote, he has decider to import the products for USA.

What a shame?
What a country?

NO. THAT'S BUYING WITH DOLLARS. BUY FROM NNPC WITH NAIRA.

Gjrich:
Mugu, I know you must find a way to defend failure and the APC Government.

NNPC prefer to supply crude Oil to India, France, Spain, South Africa and China and get kickback in Dollars than to supply Dangote and other Modula Refinery.

Now due to the inability of NNPC to adequate crude oil to Dangote, he has decider to import the products for USA.

What a shame?
What a country?

Mannerless kids everywhere

chicfarmer:
West Texas Intermediate, WTI is cheaper than Nigeria's Bonny Light crude or Brent. Dangote is simply looking after his bottom line. If Nigeria gives him a better deal he will dump WTI. It's just business, people.

Why will he import crude that is full of Sulphur while Nigeria supplies US will Sulphur free crude oil?

NIGERIA SUPPLIES USA WITH SULPHUR FREE OIL AND DANGOTE IS IMPORTING A CHEAP OIL FROM USA THAT IS 80% SULPHUR TO NIGERIA.
DANGOTE DONT CARE ABOUT THE POLLUTION OR OUR CAR ENGINES.

tiwasiaife:
NIGERIA SUPPLIES USA WITH SULPHUR FREE OIL AND DANGOTE IS IMPORTING A CHEAP OIL FROM USA THAT IS 80% SULPHUR TO NIGERIA.
DANGOTE DONT CARE ABOUT THE POLLUTION OR OUR CAR ENGINES.

Both Bonny light and WTI contain sulphur. They also both fall under the sweet oil bracket due to their low sulphur content...

Dangote has oil traders checking the prices and securing deals where he would find cheapest that could be refined at his plant.

The first cargo that arrived at the refinery plant was from Agbami crude, sold by a trading unit of Shell Plc. This was followed by more Nigerian barrels including the nation’s Amenam, Bonny Light and CJ Blend streams.

chicfarmer:
West Texas Intermediate, WTI is cheaper than Nigeria's Bonny Light crude or Brent. Dangote is simply looking after his bottom line. If Nigeria gives him a better deal he will dump WTI. It's just business, people.

Stupid point.
How much will it cost Dangote to ship the product to Nigeria?

chicfarmer:
West Texas Intermediate, WTI is cheaper than Nigeria's Bonny Light crude or Brent. Dangote is simply looking after his bottom line. If Nigeria gives him a better deal he will dump WTI. It's just business, people.

Bump.

True that.

Akinomoakin021:
Nigeria’s giant new oil refinery Dangote, the largest in Africa, is set to import crude from the US in the coming months, a sign of just how competitive American barrels have become in the global market.

Trafigura Group sold 2 million barrels of WTI Midland to Dangote refinery for end-February delivery, said traders with knowledge of the matter. This is the first time that the giant refinery has purchased non-Nigerian crude, traders said.

Booming US oil supply over the past decade or so has transformed the global market, reaching as far afield as Asia. Nigeria’s economy is dependent on petroleum exports, meaning the deliveries from across the Atlantic are telling.

The new 650,000 barrel-a-day oil refinery, owned by Aliko Dangote, Africa’s richest person, started operations earlier this month. It is targeting an initial processing rate of 350,000 barrels a day before ramping up toward its full capacity.

The refinery is sourcing domestic crude under a supply deal with the trading arm of the state company Nigerian National Petroleum Co. The first cargo that arrived at the plant last month was Nigeria’s Agbami crude, sold by a trading unit of Shell Plc. This was followed by more Nigerian barrels including the nation’s Amenam, Bonny Light and CJ Blend streams.

Trafigura Group keeps getting big ticket deals.

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Gjrich:
Mugu, I know you must find a way to defend failure and the APC Government.

NNPC prefer to supply crude Oil to India, France, Spain, South Africa and China and get kickback in Dollars than to supply Dangote and other Modula Refinery.

Now due to the inability of NNPC to adequate crude oil to Dangote, he has decider to import the products for USA.

What a shame?
What a country?

What proportion does NNPC sell out of the total oil Nigeria sells daily

Do you know?

Do you have any figures?

How much does Shell, Mobil or Chevron sell?

Do you know?