₦airaland Forum

chiiraq802:
We have crude oil but no functional Refinery. So we exported our crude to other Countries for refining.

We still have crude oil and now we have Dangote Refinery. bt somehow Nigeria wants to start Importing Crude oil from Other Countries.

Lolss....9ja na cruise my guyy

BigBashiru:
There are willing Nigerians in top places willing to sell and subvert the interests of Nigerians. But often time they do so unconsciously. They hv been colonial brainwashed that the white man is a god and the Europeans capitalize on it. That's why you hear Nigerians say things like "Just give the Refinery to Europeans to run, they will run it better" most are brajnwashed.

Europe has energy needs and they need cheap energy and they won't let go of Nigeria since they get cheap crude from here which they now refine ij their own refineries.

Final point is that often Nigerian elite in NNPC and Co act in the interest of the western countries also due to their greed.

imam07:
all these nah lie. This is a way of suffering Nigerians. How come when we don get refinery Nigeria no con get crude to supply. How come united state wey no dey drill crude dey supply country wey get crude oil. Abi this thing no sound funny to you. They moment dangote get refinery I heard Nigeria doesn't have enough crude to supply dangote. Did d govt or dangote let Nigerians know this before dangote started his refinery.

dre11:
•Relief as Nigeria nears OPEC’s renegotiated 1.5m bpd quota



https://www.thisdaylive.com/index.php/2024/03/03/dangote-refinerys-second-crude-oil-shipment-leaves-us-for-nigeria?amp=1

imam07:
mumu like u. Do u think it is only school u can get sense. The education we all have here in naija, what influence does it hv on our economy, tech and so on compare to d Chinese or Indonesians. Idiot like u dat do not see foolishness in what d govt is putting on us. A country producing crude is importing crude from a non oil country. Does dat make sense to you? U came here defending rubbish. Nah only you go school? I am from South west and if I see d govt is not doing what is right, it doesn't mean I should not condemn them. I am not a sycophant who can come out to say the truth. U mumu con come here dey talk of education. Buhari dat ruled us for 8yrs. Shay nah his certificate put him there. Little talk like this, mumu like u go dey prove like nah only you go school. Go to your family members to prove yourself.

Questionnaires:
You Have Hit The Nail On The Head Already.


So, What is Our Salvation Right Now ?

imam07:
alright

VanuatuWycombe:
Olodo ni e. Likewise, Mynd44 and those liking his comment.

The refinery does not need 19.5million barrels before it can function or start refining. What Dangote is doing is stockpiling.

If you don’t know, only 40% of refining capacity will be put to use for a start. It means that total barrels of crude needed in a day is 260,000bpd.

A barrel of crude oil can give 159 liters of petrol, among other derivatives.

So, from the 260,000bpd crude oil, the refinery will get 41.3million liters of petrol per day from it.
Nigeria consumes less than 30million liters of petrol per day (especially during this economic hardship, I don’t think it will be up to 25million per day) including the ones being smuggu!ed to neighboring countries.

Currently, on ground, Dangote has over 10million bpd of crude oil. If we are to calculate total number of liters that can be derived from 10m of crude oil, we will have 1,590,000,000 liters of petrol.

If you divide this 1.59billions of liters of petrol by 30,000,000 liters that we assume we consume in a day, Dangote already has a refined petrol that can last for 53 days.
Why we are consuming this, he would have received other shipments of crudes.

Please note that I only used the lowest figures of crude oil receipts. The actual figures are higher than that.

Mandate1:
Nigeria is not a serious country. For more than 5yrs now, the dangote refinery has been in the horizon waiting to happen, yet the govt cannot create special drilling facility to cater for this.

razzydoo:
who doesn’t understand all these?? Instead of you to use it to broaden our understanding with this in-depth analysis, you want to take away the shine and put yours for showmanship purpose. LMAO!!

fawaz050:
Buy Crude from Ghana?

I used to think highly of you before. But you fall my hand

650,000bpd? And you think NNPC cannot meet up? At the minimum NNPC, produces 1.2mbpd and putting local needs first means Dangote's request will always be prioritized.


The major problem here is the $3.3bn Crude oil for Cash Agreement with Afrexim, which is a sham by the way. Hence, the NNPC is stuck between:

1. Keeping up with the loan facility agreement with AFREXIM.

2. Selling crude to meet up with FAAC Allocations and

3. Meeting up with local request.


But my question is, why can't NNPC advise Dangote to import from Russia?

The delivery timeline is quicker, their oil is better than WTI and, the exchange rate is better.

Gooood! Deliver us from this people o

VanuatuWycombe:
It has broaden your knowledge, after all. You don’t stay applauding claims you haven’t verified. That’s why I said the person is Olodo not a matter of showmanship.

That’s how mynd44 spew unverified and non-tenable things.
Please don’t feel offended.

lexy2014:
pls educate us on "why Dangote had to import crude that Nigeria has".

dre11:
•Relief as Nigeria nears OPEC’s renegotiated 1.5m bpd quota



https://www.thisdaylive.com/index.php/2024/03/03/dangote-refinerys-second-crude-oil-shipment-leaves-us-for-nigeria?amp=1

Max24:
I am actually angry how contemporary Nigerian youth display their low level of thinking. The more graduates we have the less education there is. Until we redesign our education system we are in big trouble. No critical thinking, only cramming to pass exams.

Mynd44:
A refinery of 650,000 barrels per day needs at least 19.5 million barrels piled up. Nigeria cannot supply Dangote with that volume of crude because we have commitments and agreements to keep to.

Dangote also needs that stash so it it doesn't run out during production. The alternative is to buy and when the tanks are filled, they can start buying just the daily amount.

Don't you wonder why Dangote isn't buying from Ghana or closer countries? Because theu also have agreements to keep to

VanuatuWycombe:
I tell you. There’s nothing good in their heads. All they know are around social media, dancing, uku, whine your waist, scamm!ng, crypto, weed, druuug.l, pool party, house party, clubbing, olosho. Rosco. Etc.

nairalanda1:
The comment you quoted is called facing reality

looseweight:
This is definitely a sad news. I believe Nigeria would been up to task to deliver every crude oil that Mr Dangote needs, but cannot since we need dollars to pay our debt and also using same crude oil to pay debt. PEACE be unto you Nigeria!!

nairalee:
A 15 year old boy asked me last month

"But bros shebi u said one of the problems we have in Nigeria is that we had no refineries. So why is it that with Dangote refinery dollars is going high and fuel is still expensive"

Naso I begin speak English o

dre11:
•Relief as Nigeria nears OPEC’s renegotiated 1.5m bpd quota



https://www.thisdaylive.com/index.php/2024/03/03/dangote-refinerys-second-crude-oil-shipment-leaves-us-for-nigeria?amp=1

gaby:
Story Story...

Don't be surprised to find out Dangote has exported and sold the rumored crude oil shipment he received from NNPC.

The guy man don locate better oil business without even lighting up his refinery.

Bros Dangote got a government-backed license for official oil bunkering....lol

You can imagine a crude oil laden vessel pulling out from Dangote's jetty under the guise that it just did a delivery and heading back to base...use your tongue count your teeth...

imam07:
all these nah lie. This is a way of suffering Nigerians. How come when we don get refinery Nigeria no con get crude to supply. How come united state wey no dey drill crude dey supply country wey get crude oil. Abi this thing no sound funny to you. They moment dangote get refinery I heard Nigeria doesn't have enough crude to supply dangote. Did d govt or dangote let Nigerians know this before dangote started his refinery.

Judolisco:
Buhari Don use our Crude oil collect loan.... We r really in deep shit... Dangote no suppose build dat refinery sef.... Because I don't see d use if he is not getting Crude oil in Nigeria

imam07:
all these nah lie. This is a way of suffering Nigerians. How come when we don get refinery Nigeria no con get crude to supply. How come united state wey no dey drill crude dey supply country wey get crude oil. Abi this thing no sound funny to you. They moment dangote get refinery I heard Nigeria doesn't have enough crude to supply dangote. Did d govt or dangote let Nigerians know this before dangote started his refinery.

Yampotatocarrot:
Make we reason this thing o. If Buhari used all our crude, present and future to get loans, where is government getting the money they are sharing every month from? Are all those money from tax and export of cassava and bitterkola?

Mynd44:
A refinery of 650,000 barrels per day needs at least 19.5 million barrels piled up. Nigeria cannot supply Dangote with that volume of crude because we have commitments and agreements to keep to.

Dangote also needs that stash so it it doesn't run out during production. The alternative is to buy and when the tanks are filled, they can start buying just the daily amount.

Don't you wonder why Dangote isn't buying from Ghana or closer countries? Because theu also have agreements to keep to