₦airaland Forum

Hammylawali:
Nothing is complex. I gave her an explanation on why we import crude oil for now.
Nigeria’s crude being expensive or high in quality isn’t a problem for dangote. If you watch the interview on refineries and crude supply, you will understand that quality and price isn’t dangote’s problem but the time of crude supply to his refinery is not helping matters. Quality and price isn’t the problem, don’t get it wrong. Are you producing enough to meet the demands on ground?. Nigeria struggled to give dangote the first batch of oil (1m barrels). It took them months because, we were having various issues.

Benwallt:
Dangote is a northerner

iwaeda:
When we finished deceiving ourselves, truth will laugh at us.

yoruboid:
Get ready for a N400/$ exchange rate by the end of the year

God bless Dangote
God bless Yorubaland
God bless the Niger Delta
God bless the North

Haaland21:
It is like one headless mob on Bloomberg is jealous of my dear country growth.

What is bloomberg business with where dangote gets its product?

They even went ahead to say it is cheap.

Busy body

Gajagojo:
That is an explanation based on what fact You do not have access to information that the rest of us don't
If you do tell us exactly how many barrels of oil were sold
That is a half truth

Just tell us the figure

Even the story here said it was PRICE
Nigerian crude production daily is not fixed
It fluctuates.
Oil receipts still enter the federation account and are being shared
There is no obligation for Dangote to use Nigerian crude if he has significantly cheaper options for ever.
This report is based on prices this week
No one struggled to supply Dangote
He could have been the one to buy the futures he did not because he did not know when his refinery would be ready
Was he soppedfrom buying in advance?
You don't just wake up and saysell me crude on Monday

Gajagojo:
Half knowledge is worse than total ignorance because you are dangerous
You don't know but believe you know everything
Do a quick Google search to see how much Crude Saudi Arabia imports

This same. USA is a net exporter of crude

It imports and exports crude

Which is a completely different business from refining

Any country can go into refining
Totally different issue

Nigeria has the highest quality crude oil in terms of yield and low sulfur
Dangote designed his refinery for. ALL TYPES of crude and does not have to use Bonny light

It is good for the country if it can get a higher price for Bonny light and import cheaper WTI TEXAS
Many of you talk for the sake of talking on issues you are clueless about

TODAY THE PRICE DIFFERENCE IS NINE dollars a barrel calculate that by our daily production in a YEAR

yoruboid:
Get ready for a N400/$ exchange rate by the end of the year

God bless Dangote
God bless Yorubaland
God bless the Niger Delta
God bless the North

Hammylawali:
What are you saying?… your writeups are not straightforward.. what are you asking me exactly?..
How are crude oil priced?.. you think it’s Nigerian government that sells crude at any price they want?, because you’re emphasizing on price.
If you don’t know , the Muhammad buhari administration sold crude oil in advance and that’s one of the major reasons we are having low inflow of forex from sales. I think it’s best you make research before we start wasting time on issues that’s not worth the time. Dangote will keep buying oil from any region (based on his refinery design), and not because of price.

Josephkabila12:
WOW 😲 just WOW my brother. Salutamus for you bro. Excellent analysis and truthful response. Did you study Petroleum Engineering. Cus that's my area I study Petroleum Engineering from Rivers State University

yoruboid:
Get ready for a N400/$ exchange rate by the end of the year

God bless Dangote
God bless Yorubaland
God bless the Niger Delta
God bless the North

iwaeda:
When we finished deceiving ourselves, truth will laugh at us.

favor914:
microbekorede, Dangote should refine the diesel @ 950, then sell it to you at 850 abi?

fuckJones:
why not make use of the nearest transformers?

Hammylawali:
Nothing is complex. I gave her an explanation on why we import crude oil for now.
Nigeria’s crude being expensive or high in quality isn’t a problem for dangote. If you watch the interview on refineries and crude supply, you will understand that quality and price isn’t dangote’s problem but the time of crude supply to his refinery is not helping matters. Quality and price isn’t the problem, don’t get it wrong. Are you producing enough to meet the demands on ground?. Nigeria struggled to give dangote the first batch of oil (1m barrels). It took them months because, we were having various issues.

favor914:
If you see motor for sale in Nigeria 5 million Naira, and you see that same motor in a better condition for sale for 2 thousand dollars from Yankee after shipping & clearance, which one will you buy?

Saao:
meaning our oil is more expensive than Yankee oil? That's serious. Was that the reason? How come our oil is more expensive than from US,

Gajagojo:
That is not the only explanation
Nigerian crude is the highest quality and higest priced
TODAY We are taking 9 dollars difference
If that difference persists there is no need to ever use Nigerian oil
It makes sense to export our premium crude and import cheaper crude

Even Saudi Arabia imports crude from Nigeria despite being a leading exporter
It is more complex than what you are saying

yoruboid:
Get ready for a N400/$ exchange rate by the end of the year

God bless Dangote
God bless Yorubaland
God bless the Niger Delta
God bless the North

CodeTemplar:
wetin north do inside this matter.

Saao:
meaning our oil is more expensive than Yankee oil? That's serious. Was that the reason? How come our oil is more expensive than from US,

yinkeys:
USA controls number of people (African sellouts) in Nigeria

Benwallt:
Then save us the balderdash and Sidon dey look

Gajagojo:
Half knowledge is worse than total ignorance because you are dangerous
You don't know but believe you know everything
Do a quick Google search to see how much Crude Saudi Arabia imports

This same. USA is a net exporter of crude

It imports and exports crude

Which is a completely different business from refining

Any country can go into refining
Totally different issue

Nigeria has the highest quality crude oil in terms of yield and low sulfur
Dangote designed his refinery for. ALL TYPES of crude and does not have to use Bonny light

It is good for the country if it can get a higher price for Bonny light and import cheaper WTI TEXAS
Many of you talk for the sake of talking on issues you are clueless about

TODAY THE PRICE DIFFERENCE IS NINE dollars a barrel calculate that by our daily production in a YEAR

yoruboid:
Get ready for a N400/$ exchange rate by the end of the year

God bless Dangote
God bless Yorubaland
God bless the Niger Delta
God bless the North

Saao:
meaning our oil is more expensive than Yankee oil? That's serious. Was that the reason? How come our oil is more expensive than from US,

bewla:
Kai stop this blessed thing before I come look for you


Of all people Dangote
Very wicked business man
That only think of his wealth
At the detriment of the poor Nigeria

Dangote cement 11000
Dangote sugar 110000
Dangote flour 92000
Indomie go ask
Paste go ask

Microbekorede:
I think Dangote can do better by reducing the price of dsel to 850 then we can now hopefully know that is going to do better for petrol

Josephkabila12:
ours is sulphur free

favor914:
It is way more expensive to produce crude in Nigeria, then in the United States.

BRATISLAVA:
That doesn't explain it.

If it's higher quality, why pay for movement and extra refining? It has more to do with volume and it's availability. Or monopolistic rebates.

Deepwater or deepwaters, we need you to explain this.