₦airaland Forum

Fiscus105:
When its clear to everyone that, even PRESIDENTS are being frustrated by cabal in ministry of petroleum and NNPC on Nigeria's
REFINERIES


Yet the ADC CLOWN hoping to be president of most complex nation.

GO AND ASK THE LIKES OF OBJ, JONATHAN, BUHARI AND NOW TINUBU ABOUT COMPLEXITY TO RULE, MOST POPULOUS WICKED BLACK NATION.

Who will vote this Clown as President? He can only become the President of Ohaneze Ndigbo, but not Nigeria

Maybe we do not even need a government at this stage

Make everybody dey run him affairs as him like, cos what is the use of government we spend heavily to maintain yet na cabals dey run the show

Let's kukuma hand over the keys of the country to the cabal make Dem dey Sha dey give us our own cut

Cos I'm tired of this shitty talk

The president, vice, Senate president, speaker and all the executives plus judiciary no fit fight cabal, so make Dem just jejely leave the country into the hands of the cabals, maybe the citizens would be able to negotiate a fairer deal with the said cabal

Guestlander:
These "big players" serves their home countries at the expense of Nigeria and at the expense of the Nigerian people.
Big players my foot.

That is neither true nor fair.

Crude oil and petroleum are 2 of the most international products in the world. It is not about serving 'your nation'.

Companies, irrespective of their country of origin are selling crude oil 24hrs a day to whoever is interested. The fact that Shell explore oil in the Niger delta doesn't mean they care whether they sell to a Nigerian company or a company in Colombia.

Everybody is buying from wherever they can get.

The US is the largest producer of crude oil, and it produces more than it needs, but US refineries still buy from other countries if they get a better deal.

Companies are in business to make money. Whoever is ready to pay, they will sell to. They don't care about country or no country.

If Companies in the country they are located in aren't ready to pay their price, they will sell to another company in another country.

The fact that Shell or Mobil explore crude oil in Nigeria doesn't mean they'll feel sorry for Nigeria and sell to a Nigerian company if it is not convenient to do so.

DaddyJapan:
It is refreshing to hear such incisive analysis.
Kachikwu is right, we need to learn to separate #facts from #emotions.

What fact did he talked about? He didn’t even know the different between an Act and a regulation.

DeLaRue:
That is neither true nor fair.

Crude oil and petroleum are 2 of the most international products in the world. It is not about serving 'your nation'.

Companies, irrespective of their country of origin are selling crude oil 24hrs a day to whoever is interested. The fact that Shell explore oil in the Niger delta doesn't mean they care whether they sell to a Nigerian company or a company in Colombia.

Everybody is buying from wherever they can get.

The US is the largest producer of crude oil, and it produces more than it needs, but US refineries still buy from other countries if they get a better deal.

Companies are in business to make money. Whoever is ready to pay, they will sell to. They don't care about country or no country.

If Companies in the country they are located aren't ready to pay their price, they will sell to another company in another country.

The US produces more than they need but during the OPEC oil crisis in the 70's according to reports released by the CIA several years later, the US actually considered seizing the Niger Delta oil if the embargo persisted.
If the US would consider such an extreme measure to protect the well-being of their economy and by extension the well-being of the Americans people why are we so lackadaisical about the well-being of our own people?

9jatriot:
Here we go again. Always trying to make it look as if Dangote held other people's brocus and told them not to invest in the same sector that he is investing in.
As a matter of fact, it has been shown that there is no sector where Dangote is a monopoly. He may have a larger market share but definitely not a monopoly.

If anything, it is even in the refinery that he may even enjoy some sort of monopoly since there are always no one with a working refinery in the country.

To disprove the Kachiukwu guy, why has the federal government own refineries not working up till now, if there are no sabotaged?
Billion of dollars have been spent to bring the refineries up to working conditions.
Promise upon Promise that the refineries will work at certain dates are all empty.
Definitely, the group of people who are addicted to seeing Nigerians and Nigeria importing petroleum products are desperately trying to stop Dangote from refining crude oil to finish petroleum products for Nigerians consumption.
Tinubu government needs to take a decisive action against the selfish business men.

lyndire:
Including foreign ngo that try to bribe Hundeyin? I disagree

and you believe that one
Chai! 😆

Mindsetmindset:
He may be logical to say so but Tinubu body language going by his anticident of crime and criminality makes the whole saga suspicious.

You are all just mad in that part of the country

strangest:
Finally using an Igbo man to disprove Malta deal

Now they are are recognising him as Igbo man from Delta State because there's problem between Ronus and Born-to-rules, but when it comes to sharing national cake he will be reminded that he is not Igbo and that Delta state is part of Arewa

He can continue presenting himself to be used as willing tool, meanwhile he doesn't represent Igbos opinion on this matter.

The hand writing is clear on the wall not only domestic Cabals but foreign Cabals don't want that refinery to kick off

Dangote is first and foremost a monopolists who made his money with govt concession..

Secondly, he expects that concession regime to continue at the detriment of Nigeria's FX earnings.

Anyone carrying Dangote's cross is a poverty induced idiot who has latched on the latest Jewish pysche OPs of elevating and celebrating cut throat capitalist billionaires


You know your problem is beyond this world when as a pauper you follow billionaire dey cry

Useful idiot or for food only.
Or do I say heartless hyena.

This Kachikwu is high on cheap weed. Who are the bigger players? We are talking about a refinery in Nigeria and not an exporter of crude oil.

When you say bigger players you mean other refinery abroad right?

Who should be bigger? Nigerian home refinery or abroad refineries?

This man is one of the cabals sabotaging our local refinery obviously.

Ikumapkayi:
O yea coming from someone who is slave to his warped position. Common sense is indeed not common

Shut up jareh, your head obviously has no business with common sense😁.
Someone navigates an obvious REALITY of APC being nothing but a curse on this Country an headless happy slave like You is talking about common sense,has APC been anything else than curse on the Country??

Zombiec happy slave talking about common sense wonders shall truly never end😁😁

The Nigerian Petroleum Industry Act (PIA) of 2021 introduces comprehensive reforms in the country's oil and gas sector. Concerning the supply of crude oil to local refineries, the PIA has several provisions aimed at ensuring that domestic refineries have access to crude oil, thereby boosting local refining capacity and reducing dependency on imported petroleum products.

### Key Points Related to Crude Oil Supply to Local Refineries:

1. Obligations for Domestic Supply:
- The PIA mandates that a specific percentage of the crude oil produced in Nigeria must be reserved for domestic consumption. This is intended to ensure that local refineries have sufficient crude oil to process, thereby promoting local refining activities.

2. Crude Oil Pricing:
- The Act stipulates that the price of crude oil supplied to domestic refineries should be market-driven. However, there is also a provision for the government to intervene if necessary, ensuring that prices are fair and do not hinder the operation of local refineries.

3. Domestic Crude Allocation:
- The Nigerian National Petroleum Corporation (NNPC), or its successor (now known as NNPC Limited), is responsible for ensuring that crude oil is allocated to local refineries. The allocation process must be transparent and aligned with the broader goals of the PIA, such as increasing local production and ensuring energy security.

4. Support for Refinery Development:
- The PIA also includes incentives for the development of new refineries and the expansion of existing ones. These incentives are designed to encourage investment in the refining sector, with the ultimate goal of achieving self-sufficiency in petroleum product supply.

5. Strategic Reserves:
- The Act provides for the establishment of strategic petroleum reserves, which include provisions for crude oil. This reserve is intended to ensure that the country has a buffer in times of crisis or when there is a significant disruption in the global oil market.

In summary, the PIA aims to ensure that local refineries in Nigeria have adequate access to crude oil, with provisions for a market-driven pricing mechanism, obligations for domestic supply, and incentives to boost local refining capacity. These measures are part of the broader goal of transforming Nigeria's oil and gas sector and reducing reliance on imported petroleum products.


The specific sections of the Nigerian Petroleum Industry Act (PIA) that deal with the supply of crude oil to local refineries are primarily found in Part III, which discusses the fiscal framework, including provisions related to domestic crude oil supply obligations.

Here’s a key excerpt:

### Section 109: Domestic Crude Oil Supply Obligation
1. "The Commission shall ensure that domestic crude oil supply obligation is made on a fair and equitable basis to satisfy domestic consumption requirements."

2. "The price of crude oil and condensates supplied to licensees or lessees of a crude oil refining license for domestic consumption shall be the prevailing market price, unless otherwise determined by regulations made by the Commission."

3. "The Nigerian National Petroleum Corporation (NNPC) or any other entity that holds domestic crude oil supply obligations shall allocate crude oil to refineries in accordance with this Act."

### Section 110: Regulation of Domestic Crude Oil Supply
1. "The Commission may, by regulation, prescribe the framework for the allocation of crude oil to local refineries, ensuring that local refineries are supplied in a manner that promotes local refining capacity."

2. "The framework may include incentives for refineries to encourage the refining of crude oil within Nigeria."

These sections emphasize the commitment to ensuring that local refineries are supplied with crude oil to meet domestic demand, with a pricing mechanism that reflects market conditions, unless otherwise regulated by the Commission.

The provisions also provide the legal basis for the Commission to create regulations that would promote local refining capacity, ensuring that the goals of self-sufficiency and energy security are achieved.

Nobody. Dangote wey get Nigeria. He just don't want the refineries to work. If the others work he does not see the need of his . He is used to having his way

You do realise his elder brother was a former Mobil general counsel, nnpc Gmd and minister of petroleum. So he isn't clueless.

2sexycom:
The guy is a known "Mouth for hire" idiot. Don't waste your time on him jare.

DaddyJapan:
Yet another emotion-laden post.
You think say this nah groundnut and garri discussion?

I triple dare you to listen to the interview and then return to provide a proper critique - if you really think you have what it takes to write one.

I saw the interview. Every pundit that comes to say a thing or two cannot see beyond their nose. They only see the smaller pictures. During the brazen exploration of colonial vessels masters to Africa. Whenever a vessels successfully returns to Europe e.g the UK. The queen doubles the investment and provides whatever necessary to pillage Africa. I expect Africa to rally around and not be bent on highlighting neo-colonialists sentiment…

Kukutenla:
Claptrap
I've never liked this man. He's always offpoint.

Are shell and Mobil operating refineries in Nigeria? Is Dangote refinery competing in the same space with Mobil and Shell? This man just muddled up everything.

Every big entrepreneur in every country gets some level of government leverage and concessions. That's what built the likes of Mobil and Shell to be what they are today.

We were all alive when NNPC and Co was promising Dangote enough crude to drink and bath. They were even his biggest promoters, getting CBN and even the presidency to grant concessions on forex and loans to him only to turn around and start saying rubbish now that the man wants them to live up to the promises they made.

There's no serious business that goes about publicly making statements it can't back up at the critical juncture.

This is the reason why the likes of Total, Shell etc are divesting fast from Nigeria's uncertain business environ where politics and political considerations top everything else.

When you have politicians running your economy, the result is always a fractured and dysfunctional rent- seeking economy like we have now.

You work with contracts, not promises

I'm sure that flew over your head

Timmi:
These ones - Dumebi and Oseni(and the entire Arise News with the newspaper) are hired hands to speak ill of Dangote Refinery. Dangote has operated in the cement industry with many major players, same as food industry, again with many players both local and international. So where is the monopoly that these people are singing about. These are the ones that the external forces have bought over with money just like they wanted to do to Hudeyin. Hudeyin has exposed them, hence they looked for hatchet men and organizations.

It is shameful that these set of people and organizations can sell their soul for $ (silly amount) and it shows that they can even sell their mother for a cup of coffee.

Dangote is a criminal. If you like go and ask him to also hire you to spin news in favor of the globalist puppet…

Nonsense

atiku4President:
Don't mind the busy body TV analyst wey no get work

Someone with experience in the industry is a busybody but u an internet riffraff without an iota of idea what is being discussed, open mouth to insult who pass u, because his opinion doesn't align with ur propaganda?

perfri:
I really dont understand this, why can't NNPC give him crude oil contracts?. NNPC is now operating more as a profit making organisation rather than a government agency.

Nothing strange here.
NNPC is now a profit making organisation, that is what the law says since Buhari's era.

kedeojo:
This dumebi, is just a fool. No wonder Nigerian's take such character for granted when they contest under mushroom party. How can an importer will be a bigger player in the oil industry than a refinery owner of that magnitude. There is nothing hate will not bring. Most of the importers with refinery licences, couldn't build a lesser capacity over the years. He is so dumb and no wonder his name is dumebi. Is just like the biggest trader in alaba, who deals with electronics (buying n selling), will now become the bigger player of another man, who set up a manufacturing unit of the same product, been imported to the country by the trader. Shame to dumebi, the block head.

You are obviously ignorant.
Who is the importer?

MajorOvakporaye:
APC is a curse to Nigeria.

You have 7 more years at least to keep saying that

jaxxy:
This man forgets that dangote is the only local refinery working and should receive government support. That's how it is done in most oil nations especially when starting out. They support their own not open it up to unfair competition.

Nobody said there aren't other or bigger players but dangote is ours and needs our support despite foreign and bigger players who are only making our fuel prices high so what are we doing?

Who are the competing Nigerian refineries to Dangote?
Zero, nill.
Try to understand an issue before analysing it.
Dangote is asking for special treatment for a private company.
He usually gets his way but not in this case.

He wants to pay cheaper for crude than the IOC will get selling in the open market with their
existing contracts.
The only way to get such a deal is from the government not from foreign private companies.

BTW, the foreign players in Nigeria deal with crude oil, not petrol.
NNPC is the sole importer of petrol, so they have nothing to do with price fixing.

DaddyJapan:
It is refreshing to hear such incisive analysis.
Kachikwu is right, we need to learn to separate #facts from #emotions.

except him kachikwu failed to state any fact,

refineries across the world import crude, but which of those countries is as blessed as Nigeria or have the quality of crude Nigeria has yet they decided to import crude

if US had the "sweet crude " Nigeria have will Us still be importing crude oil

if the govt is not out to sabotage Dangote then where is the evidenceof what govt has done to ensure Dangote thrive

tishbite42:
You work with contracts, not promises

I'm sure that flew over your head

What is a contract? A contract is a legally binding promise
NNPC is not a private company. It is a public corporation 100% run by govt. Govt runs with promises to the citizens.
While no one is disputing the importance of contractual agreements, it does not in any way invalidate the need for NNPC as a public concern to be able to match up its words with actions.
Dumebi can even crank it up a notch and tell us that we shouldn't hold NNPC accountable for our refineries not working since we don't have a contract with NNPC to get our refineries working.

Kukutenla:
What is a contract? A contract is a legally binding promise
NNPC is not a private company. It is a public corporation 100% run by govt. Govt runs with promises to the citizens.
While no one is disputing the importance of contractual agreements, it does not in any way invalidate the need for NNPC as a public concern to be able to match up its words with actions.
Dumebi can even crank it up a notch and tell us that we shouldn't hold NNPC accountable for our refineries not working since we don't have a contract with NNPC to get our refineries working.

Legally binding and written agreement/promise

Fortruth:
Dangote is a criminal. If you like go and ask him to also hire you to spin news in favor of the globalist puppet…

Nonsense

So says Fortruth who is a pathetic liar.

tishbite42:
Legally binding and written agreement/promise

Is that the only part you could understand in my explanation? Go back and read what I wrote. NNPC is not a private company

Kukutenla:
Is that the only part you could understand in my explanation? Go back and read what I wrote. NNPC is not a private company

So, government and its entities govern with verbal agreements and promises?!

Oga leave my mentions before you reduce my IQ