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IOCs Selling Crude At $4 Per Barrel Above Market Price — Dangote - Politics (3) - Nairaland

Nairaland Forum › Nairaland General › Politics › IOCs Selling Crude At $4 Per Barrel Above Market Price — Dangote (14653 Views)

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Re: IOCs Selling Crude At $4 Per Barrel Above Market Price — Dangote by elipheleh(m): 9:43am On Jul 18, 2024
Dangote cement does worst than this.

Somebody went to dangote cement factory to buy 1 lorry load of cement. The company sent the person back to go and pay extra 250k into aa company agent account before they will sell to the person.

Dangote cement said all d eals must go through one if ther numerous direct sales agents.

This happens as far back as 7 -10 years ago.

Imagine extra 250k as at that time
Re: IOCs Selling Crude At $4 Per Barrel Above Market Price — Dangote by Image123(m): 9:44am On Jul 18, 2024
ElSudani:
Over protected in what way? The issue at hand is not even about Dangote alone. I wonder if other refineries also have to go to Europe to buy Nigerian crude from third parties. Pure madness.
i'm referring to Dangote as a business or business owner, you are referring to Dangote refinery.
Re: IOCs Selling Crude At $4 Per Barrel Above Market Price — Dangote by CapitalBank: 10:01am On Jul 18, 2024
Funkyswagzz:
Dangote is putting up a fight I wonder how this will turn out
there is going to be convergence soon by the North and it will be the North vs Tinubu.

Just pay attention to what is snowballing gradually.
Re: IOCs Selling Crude At $4 Per Barrel Above Market Price — Dangote by CapitalBank: 10:02am On Jul 18, 2024
elipheleh:
Dangote cement does worst than this.

Somebody went to dangote cement factory to buy 1 lorry load of cement. The company sent the person back to go and pay extra 250k into aa company agent account before they will sell to the person.

Dangote cement said all d eals must go through one if ther numerous direct sales agents.

This happens as far back as 7 -10 years ago.

Imagine extra 250k as at that time
Those agents have monopolized the business like a racket.

It happens in almost every Nigerian sector.
Re: IOCs Selling Crude At $4 Per Barrel Above Market Price — Dangote by Konquest: 10:03am On Jul 18, 2024
Islie:
The Dangote Industries Limited (DIL) said local petrol prices will continue to increase as trading arms offer cargoes at $2-$4 per barrel above the Nigeria…





https://dailytrust.com/iocs-selling-crude-at-4-per-barrel-above-market-price-dangote/
Re: IOCs Selling Crude At $4 Per Barrel Above Market Price — Dangote by Funkyswagzz(m): 10:04am On Jul 18, 2024
CapitalBank:
there is going to be convergence soon by the North and it will be the North vs Tinubu.

Just pay attention to what is snowballing gradually.
I doubt if tinubu has the ability to fight the north instead he will try to make peace
Re: IOCs Selling Crude At $4 Per Barrel Above Market Price — Dangote by dododawa1: 10:05am On Jul 18, 2024
We are watching and observing



DANGOTE


Too
Re: IOCs Selling Crude At $4 Per Barrel Above Market Price — Dangote by CapitalBank: 10:10am On Jul 18, 2024
Funkyswagzz:
I doubt if tinubu has the ability to fight the north instead he will try to make peace
Tinubu is willing to spend money and blood to buy anybody that can be bought.

Did you notice suicide bombing recently? That is just warning ⚠️ to him.

He go too collect.

My advise to Southerners in the North is to be watchful of the night movement cos I foresee a situation where suicide bombing will be back as time goes on.
Re: IOCs Selling Crude At $4 Per Barrel Above Market Price — Dangote by TheAlchemist: 10:19am On Jul 18, 2024
I guess the IOCS learnt from the Merchant of Venice Cement.
Re: IOCs Selling Crude At $4 Per Barrel Above Market Price — Dangote by TalkingBird: 10:20am On Jul 18, 2024
They want the common man to help them cry and after they will crush the common man with a high price like they are doing in Cement.

Carry your problem, because you do not care about the common man.
Re: IOCs Selling Crude At $4 Per Barrel Above Market Price — Dangote by Umuinyioku: 10:22am On Jul 18, 2024
DMerciful:
I remember when Air Peace boss was lamenting, agbados said if he cannot compete, he should shut up.

Now let's see what they'll say to the lamenting Dangote grin
The Agbadorians talking down on Air Peace Boss are cretins and never do wells who have not been to airport talk less of Boarding planes. They make noise loudest and don't know how economy operates. Illiterates.

They should be ingnored!
Re: IOCs Selling Crude At $4 Per Barrel Above Market Price — Dangote by Umuinyioku: 10:32am On Jul 18, 2024
NOETHNICITY:
Air peace and all of una na victim mentality people una be

We know una
You see how ignorant you are! Air Peace Boss is fighting for the common good of the people,air travellers,and you are spewing hate and absolute nonsense.

Anyway, you should be ignored because you are not air traveller and you don't know the road to airport. He was talking for the good of air travellers and business Men who patronize Air flights.
Re: IOCs Selling Crude At $4 Per Barrel Above Market Price — Dangote by Gajagojo: 10:37am On Jul 18, 2024
Before you react
Engage your brain

Dangote says IOCs are selling oil $4 above the market price

That means there are some mumus somewhere who choose to pay $4 above market price
e.g. at 1 million barrels a day
someone is spending extra $4 million a day which is nearly $1.5 billion a year

Let us assume that is true
60% of that money will go the the federation account for the FG and states to share

so why is it a problem?

Besides if it is $4 above market price simply enter the market and buy at market price
Angola is there
Libya is there and so on

Stop deceiving yourself and whipping up sentiments
Re: IOCs Selling Crude At $4 Per Barrel Above Market Price — Dangote by jaxxy(m): 10:47am On Jul 18, 2024
Hmmm
Re: IOCs Selling Crude At $4 Per Barrel Above Market Price — Dangote by engrchykae(m): 11:08am On Jul 18, 2024
AntiChristian:
Ah! Subhanallah!

Make everyone fear Allah o!
Allah is the problem of Nigeria
Re: IOCs Selling Crude At $4 Per Barrel Above Market Price — Dangote by engrchykae(m): 11:12am On Jul 18, 2024
DOES IT MEAN THAT FEDERAL GOVERNMENT CANT GIVE DANGOTE CRUDE OIL.
OR DONT WE HAVE CRUDE OIL AGAIN?
WHY WILL DANGOTE LOOK FOR OUTSIDE WHAT IS IN NIGERIA?
EVIL COUNTRY LOVED BY HYENAS
Re: IOCs Selling Crude At $4 Per Barrel Above Market Price — Dangote by Gajagojo: 11:26am On Jul 18, 2024
engrchykae:
DOES IT MEAN THAT FEDERAL GOVERNMENT CANT GIVE DANGOTE CRUDE OIL.
OR DONT WE HAVE CRUDE OIL AGAIN?
WHY WILL DANGOTE LOOK FOR OUTSIDE WHAT IS IN NIGERIA?
EVIL COUNTRY LOVED BY HYENAS
Do you believe everything you hear?

Dangote says IOCs are selling oil $4 above the market price

That means there are some mumus somewhere who choose to pay $4 above market price
e.g. at 1 million barrels a day
someone is spending extra $4 million a day which is nearly $1.5 billion a year

Let us assume that is true
60% of that money will go the the federation account for the FG and states to share

so why is it a problem?
Re: IOCs Selling Crude At $4 Per Barrel Above Market Price — Dangote by NOETHNICITY(m): 11:32am On Jul 18, 2024
Umuinyioku:
You see how ignorant you are! Air Peace Boss is fighting for the common good of the people,air travellers,and you are spewing hate and absolute nonsense.

Anyway, you should be ignored because you are not air traveller and you don't know the road to airport. He was talking for the good of air travellers and business Men who patronize Air flights.
When Igbos turned Air peace into an airline owned by a particular tribesman what effort did Allen Oyeama make to correct his people

Igbos were the ones who started pointing out the tribes of airline owners

They pointed out the tribes of Automakers

All these and many more are the characters Of Igbos
Re: IOCs Selling Crude At $4 Per Barrel Above Market Price — Dangote by engrchykae(m): 11:37am On Jul 18, 2024
Gajagojo:
Do you believe everything you hear?

Dangote says IOCs are selling oil $4 above the market price

That means there are some mumus somewhere who choose to pay $4 above market price
e.g. at 1 million barrels a day
someone is spending extra $4 million a day which is nearly $1.5 billion a year

Let us assume that is true
60% of that money will go the the federation account for the FG and states to share

so why is it a problem?
the gains are nothing compared to the gains will will come from when an indigenous refinery starts working.
The fg government is supposed to make it easy for DANGOTE in particular and Nigeria in general
Re: IOCs Selling Crude At $4 Per Barrel Above Market Price — Dangote by Gajagojo: 11:40am On Jul 18, 2024
engrchykae:
the gains are nothing compared to the gains will will come from when an indigenous refinery starts working.
The fg government is supposed to make it easy for DANGOTE in particular and Nigeria in general
An indigenous refinery working is totally parallel

An indigenous refinery does not need local crude

The largest refineries in the world are in Singapore Korea India which are not known as crude producers

Spain has a refining capacity of 1.5 million barrels a day and is an exporter

Those countries we are buying petrol from today do not have crude

Any country can have working refineries

So they are unrelated issues and I do not seethe logic in your statement

Unfortunately in Nigeria we do not analyse facts we just talk emotionally and sentimentally
Re: IOCs Selling Crude At $4 Per Barrel Above Market Price — Dangote by descarado: 4:34pm On Jul 18, 2024
Why is he complaining
Re: IOCs Selling Crude At $4 Per Barrel Above Market Price — Dangote by engrchykae(m): 7:07pm On Jul 18, 2024
Gajagojo:
An indigenous refinery working is totally parallel

An indigenous refinery does not need local crude

The largest refineries in the world are in Singapore Korea India which are not known as crude producers

Spain has a refining capacity of 1.5 million barrels a day and is an exporter

Those countries we are buying petrol from today do not have crude

Any country can have working refineries

So they are unrelated issues and I do not seethe logic in your statement

Unfortunately in Nigeria we do not analyse facts we just talk emotionally and sentimentally
assuming Spain has crude oil,are you saying that there won't be advantages meant for the refinery owned by Spanish business man ?
Re: IOCs Selling Crude At $4 Per Barrel Above Market Price — Dangote by Gajagojo: 7:42pm On Jul 18, 2024
engrchykae:
assuming Spain has crude oil,are you saying that there won't be advantages meant for the refinery owned by Spanish business man ?
Not necessarily
It is not a theoretical issue but a practical one
These are businesses not governments often these companies are competitors across different countries

All I am saying is talk with facts not theoretical assumptions 5hat have no factual basis

When you say advantages

Advantages to whom? You need to be specific
What advantages and to whom exactly
Re: IOCs Selling Crude At $4 Per Barrel Above Market Price — Dangote by engrchykae(m): 7:47pm On Jul 18, 2024
Gajagojo:
Not necessarily
It is not a theoretical issue but a practical one
These are businesses not governments often these companies are competitors across different countries

All I am saying is talk with facts not theoretical assumptions 5hat have no factual basis

When you say advantages

Advantages to whom? You need to be specific
What advantages and to whom exactly
there is a policy we had before SAP.
That anything a Nigerian is producing,no importer is allowed to import it into Nigeria.
Am not a fan of DANGOTE ,I hate his monopolistic approach to Nigeria market.
But I know that he is supposed to get Nigerian crude cheap and easy.
Re: IOCs Selling Crude At $4 Per Barrel Above Market Price — Dangote by Gajagojo: 7:55pm On Jul 18, 2024
engrchykae:
there is a policy we had before SAP.
That anything a Nigerian is producing,no importer is allowed to import it into Nigeria.
Am not a fan of DANGOTE ,I hate his monopolistic approach to Nigeria market.
But I know that he is supposed to get Nigerian crude cheap and easy.
Why should he get Nigerian crude cheap?
What is Nigerian crude?
Many of you talk ignorantly about things you don't know

Oil companies like Mobil and Chevron are herefor business not charity

They have invested billions to find oil and OWN the oil 60/40
It is their oil too
They want to get the maximum cost they can and pay the government share to the federation account
So Dangote can buy from them if he likes
Anything else is subsidy and those companies will NEVER absorb that

So let us stop all this ignorant and sentimental talk
There is nothing like Nigerian oil or Nigerian Yam
Is Dangote cement Nigerian cement?
Does government get it cheaper to build roads
Any producer is a business and their sole responsibility is to pay tax not sell cheap
Re: IOCs Selling Crude At $4 Per Barrel Above Market Price — Dangote by Umuinyioku: 8:13pm On Jul 18, 2024
NOETHNICITY:
When Igbos turned Air peace into an airline owned by a particular tribesman what effort did Allen Oyeama make to correct his people

Igbos were the ones who started pointing out the tribes of airline owners

They pointed out the tribes of Automakers

All these and many more are the characters Of Igbos
See how you are lying and very bold.

Igbos never profiled airlines or automakers. They only blush or visciplate on the achievement of their tribesmen. Does that make them tribalist?

I think you lack ideas. Hence the baseless accusations.
Re: IOCs Selling Crude At $4 Per Barrel Above Market Price — Dangote by NOETHNICITY(m): 8:18pm On Jul 18, 2024
Umuinyioku:
See how you are lying and very bold.

Igbos never profiled airlines or automakers. [b]They only blush or visciplate on the achievement of their tribesmen. [/b]Does that make them tribalist?

I think you lack ideas. Hence the baseless accusations.
How many times do you see other tribes praising or glorifying the achievements of their tribesmen who are into private business?
I have never seen a northerner praising Dangote for being the richest Blackman or Adenuga or otedola praised by Yorubas
Re: IOCs Selling Crude At $4 Per Barrel Above Market Price — Dangote by Umuinyioku: 8:34pm On Jul 18, 2024
NOETHNICITY:
How many times do you see other tribes praising or glorifying the achievements of their tribesmen who are into private business?
I have never seen a northerner praising Dangote for being the richest Blackman or Adenuga or otedola praised by Yorubas
It's a matter of choice. We all don't behave same.

So, Igbo have peculiar life style and behavioral pattern. Don't crucify them for their chosen lifestyle. They can't change because you can't learn to be a LEFTEE at Old age.

We cherish our lifestyle and heritage.
Re: IOCs Selling Crude At $4 Per Barrel Above Market Price — Dangote by NOETHNICITY(m): 9:56pm On Jul 18, 2024
Umuinyioku:
It's a matter of choice. We all don't behave same.

So, Igbo have peculiar life style and behavioral pattern. Don't crucify them for their chosen lifestyle. They can't change because you can't learn to be a LEFTEE at Old age.

We cherish our lifestyle and heritage.
When you are called out for your greedy chest beating lifestyle, don’t argue . Accept that you are arrogant, greedy and proud and empty in most cases
Re: IOCs Selling Crude At $4 Per Barrel Above Market Price — Dangote by Umuinyioku: 10:44pm On Jul 18, 2024
NOETHNICITY:
When you are called out for your greedy chest beating lifestyle, don’t argue . Accept that you are arrogant, greedy and proud and empty in most cases
We are not. Very proud people and
Republican in nature. You have to deal with it.!
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