₦airaland Forum

StormpyBee:
I don't understand this news.

How can a company, located in an oil producing country be importing oil. There's something wrong with this country. Its apparently say, na we the do ourselves. Chi!

What a shame of a nation!

NNPC is a big fraud!

I am ashamed!

Let's blame Peter Obi and go to bed.

bravehost4u:
I am trying to understand why we export crude only to import crude again

The local crude oil has been pledged to external creditors to enable the country to repay its loans.

Something Nigeria has ooo. What a shame

Nigeria sells crude oil ahead to get loan money and Nigeria buying it again with cash to process

SpaceX:
How will they transport the un-refined oil?

Same way it's transported when exported

StormpyBee:
I don't understand this news.

How can a company, located in an oil producing country be importing oil. There's something wrong with this country. Its apparently say, na we the do ourselves. Chi!

What a shame of a nation!

NNPC is a big fraud!

I am ashamed!

Its a big disgrace my brother... Living in Nigeria has become a nightmare day in day out.

And we expect dangote to reduce the price of PMS in Nigeria?? Let's not talk about the interest rate from loans he was complaining about the other day. His product might turn out to be more expensive compared to imported ones.

GanagiBitrus:
Oil that could have been sourced locally.

It's a game...
Dangotè is a terrorist and a thief.
A greedy bastard.
They just want things to seem like the fuel has to continue being expensive, after all, we expect that shipping fees will be paid even if the crude oil is sold at the price.
How can anyone make it make sense that Dangote in Nigeria can't source and get fuel in Nigeria? A COUNTRY THAT'S THE 6TH LARGEST PRODUCER IN THE WORLD.

iwaeda:
And dangote will sell at 300 per litre. We love scam in Nigeria. Importing all the way from United Staes of Ameriac, not Saudi or UAE closer by.

The American oil is cheaper.
Nigeria's oil is hot cake in the international market.

reiddecuti:
And those ronus thinking that Dangote refinery will be the game changer instead of pressing government neck to revive at least 2 out of the 4 government own refinery, they said no.

This is how the government (the really cabals) have sworn never to see the petroleum sector work, hence the reason Dangote might find it difficult sourcing crude from Nigeria.

The eldorado we yell in this country is still far.

Shut up your mouth, I don't know what exactly you this people want, you will keep on shouting government should privatise privatise.

Now look at the results, privatisation is and can never be the solution to our problems...

We should rather pressurise the government irrespective of the tribes to get to work. We kept playing blame game instead of us to tackle our oppressor. Chai o ma se o, it is a pity.

StormpyBee:
I don't understand this news.

How can a company, located in an oil producing country be importing oil. There's something wrong with this country. Its apparently say, na we the do ourselves. Chi!

What a shame of a nation!

NNPC is a big fraud!

I am ashamed!

You don't understand and you can't keep quiet. Nigeria can't supply Dangote refinery with need crude oil because we have entered long time agreement with our buyers. Terminate such agreement will have serious consequences on the conutry.

erico2k2:
Cheaper??

How? How much cheaper and why?
Do you know what he is paying for this?

Do you have any facts and figures or you are just making assumptions?
Why should it be cheaper?
Do you know the TYPE of crude he is buying
Do you know the TYPE of crude Nigeria sells?

99thEnemy:
Buhari sold crude into the future.

You mean the oil that will be produced in 2025 has already been booked?

StormpyBee:
I don't understand this news.

How can a company, located in an oil producing country be importing oil. There's something wrong with this country. Its apparently say, na we the do ourselves. Chi!

What a shame of a nation!

NNPC is a big fraud!

I am ashamed!

All the oil being pumped currently have been used to collect loans.

Infact till next year sef.

The game we do not understand is that Nigeria has been borrowing money from America,China,etc and the only means of payment is from crude oil.

So this countries have deal of drilling oil for many years to recover their money.
That is why Dangote will go to America to buy oil that they took from Nigeria

For those of you thinking that Dangote refinery will make a change in petroleum products Availability,you all have entered one chance.

Oakenshield:
Nigeria sells crude oil ahead to get loan money and Nigeria buying it again with cash to process

Interesting. Very interesting.

Smh

After buying in Dollars from U.S, how much he go come sell the refined fuel in Naira to his countrymen?!!


I still never dey convinced about the moves of this administration to end fuel crisis!

NADESMAN:
The game we do not understand is that Nigeria has been borrowing money from America,China,etc and the only means of payment is from crude oil.

So this countries have deal of drilling oil for many years to recover their money.
That is why Dangote will go to America to buy oil that they took from Nigeria

For those of you thinking that Dangote refinery will make a change in petroleum products Availability,you all have entered one chance.

America did not take the oil from Nigeria.
US WTI is a slightly different type of oil compared to Nigeria's bonny light. Nigeria's own is of higher quality and more expensive in the international market. Dangote is likely purchasing the US WTI because it is cheaper than Nigeria's oil and secondly, there is not enough supply of Nigeria's oil because a good portion has been used to secure loans.

esemes256:
The American oil is cheaper.
Nigeria's oil is hot cake in the international market.

esemes256:
America did not take the oil from Nigeria.
US WTI is a slightly different type of oil compared to Nigeria's bonny light. Nigeria's own is of higher quality and more expensive in the international market. Dangote is likely purchasing the US WTI because it is cheaper than Nigeria's oil and secondly, there is not enough supply of Nigeria's oil because a good portion has been used to secure loans.

Well, both of you are practically saying the same thing, or arriving at the same CONCLUSION!

Naija is on a very long thing!!!

They didn't tell us dangotee build a biggest filling Station in Africa

ceejay80s:
Useless country
The day I become president of Nigeria, I swear I will make sure a lot of thieving politicians head be cut off at bar beach,

Beheading them is even too nice sef
They should be stoned to death in the market square❗️❗️😡😡

GanagiBitrus:
Oil that could have been sourced locally.

Is it the one that was used to take loans in advance

StormpyBee:
I don't understand this news.

How can a company, located in an oil producing country be importing oil. There's something wrong with this country. Its apparently say, na we the do ourselves. Chi!

What a shame of a nation!

NNPC is a big fraud!

I am ashamed!

Nigeria's crude gas been used by our greedy politicians to collect loans running into billions of dollars. So technically we don't have any crude oil, cos any vessel leaving the country has already been sold.

That's what dangote is facing. Why do you think he has been ranting lately. He too isn't finding it easy as well.

Angelfrost:
After buying in Dollars from U.S, how much he go come sell the refined fuel in Naira to his countrymen?!!


I still never dey convinced about the moves of this administration to end fuel crisis!

See this one?
Shey tinubu get brain for head before?

panpan:
The local crude oil has been pledged to external creditors to enable the country to repay its loans.

It is just a cycle of madness.
Export Crude use the FX to import crude and refined fuel and export crude and fuel

Just tell me this is not madness.
And when you try giving explanations, check yourself well, you may be accustomed to the madness norm

reiddecuti:
And those ronus thinking that Dangote refinery will be the game changer instead of pressing government neck to revive at least 2 out of the 4 government own refinery, they said no.

This is how the government (the really cabals) have sworn never to see the petroleum sector work, hence the reason Dangote might find it difficult sourcing crude from Nigeria.

The eldorado we yell in this country is still far.

Bro I read on reddit one time how the powers that be brokered a deal to allow dangote build a refinery only if he buys oil from US market, the same powers that prevent Nigeria from achieving its potential in both stream sectors so we always have to export and refine our petroleum products - the worst part is that our founding fathers are in cohorts with this, as long as they get paid.

Destroying the dreams of millions for greed, when the country can become a wakanda sort of in Africa.

The best decision I made was leaving Nigeria and I would never return because it pains me so so much how our potential is been wasted, like literally you need to come out here to see basic shiii that our leaders deprive of us. F5ck!!!!!

Xscape1993:
So, no crude oil in Nigeria again?

Nope
Niger delta has been suck dry by vandals and pirates 🏴‍☠️

Don't we have crude oil in Nigeria again, these people have started with another avenue for scamming us.

Na wah oh. We have mortgaged our crude to collect loan. So we don't have enough to give dangote.