₦airaland Forum

Kukutente23:
How>

SmartPolician:
I pity those who will fall for this trap. Buying those refineries now is like buying a faulty Mercedes 230 when others are buying GLE 450. Where will you get the parts to fix it?

Using new parts to fix wornout parts of the PH refinery is one of the reasons it never meets the repair completion target. Once they try to power the refinery, another part breaks down.

Masterstroke4:
Port Harcourt, Warri, Kaduna Refineries To Be Privatised – Presidency.


https://businessday.ng/energy/article/complete-port-harcourt-warri-refineries-to-be-privatised-presidency/?amp

SmartPolician:
I pity those who will fall for this trap. Buying those refineries now is like buying a faulty Mercedes 230 when others are buying GLE 450. Where will you get the parts to fix it?

Using new parts to fix wornout parts of the PH refinery is one of the reasons it never meets the repair completion target. Once they try to power the refinery, another part breaks down.

mrvitalis:
I had a dream "OandO about to have 3 refinery "

Refinery is a complex business ooh the profit margins are very very small... Infact no sensible investor would ever touch that refinery

SmartPolician:
I pity those who will fall for this trap. Buying those refineries now is like buying a faulty Mercedes 230 when others are buying GLE 450. Where will you get the parts to fix it?

Using new parts to fix wornout parts of the PH refinery is one of the reasons it never meets the repair completion target. Once they try to power the refinery, another part breaks down.

SpatialKing:
Of course sell it to your friends and family

funshint:
After using govt money to "renovate" them....! Why didn't they take this decision right from the start? Why now after sinking a lot of billions into it's turnaround maintenance...*and to think some people work in these moribund refineries doing nothing but just collecting huge salaries🤔

Lifestone:
My brother I get surprised when ignorant people hails Yaradua as the best President. How could he? Yaradua set Nigeria backward for over 17years by reversing the privatization of those Refineries by the OBJ government. That singular act do us bad things.

SmartPolician:
I pity those who will fall for this trap. Buying those refineries now is like buying a faulty Mercedes 230 when others are buying GLE 450. Where will you get the parts to fix it?

Using new parts to fix wornout parts of the PH refinery is one of the reasons it never meets the repair completion target. Once they try to power the refinery, another part breaks down.

StaffofOrayan:
Do you know how many products are derivatives of crude oil?

Emir01:
Dey play, Dangote that wanted to buy it initially is not a sensible investor? Una too dey put mouth for wetin una no get idea

mrvitalis:
I had a dream "OandO about to have 3 refinery "

Refinery is a complex business ooh the profit margins are very very small... Infact no sensible investor would ever touch that refinery

Paraman:
Look at what an adult is saying

BoldBrainz:
You're talking nonsense, Sir.

SmartPolician:
I pity those who will fall for this trap. Buying those refineries now is like buying a faulty Mercedes 230 when others are buying GLE 450. Where will you get the parts to fix it?

Using new parts to fix wornout parts of the PH refinery is one of the reasons it never meets the repair completion target. Once they try to power the refinery, another part breaks down.

mrvitalis:
Lmao you are asking a mechanical engineer this question?

Bros only 5 are economically important to a refinery the rest are sold as waste to petrochemicals

SmartPolician:
I pity those who will fall for this trap. Buying those refineries now is like buying a faulty Mercedes 230 when others are buying GLE 450. Where will you get the parts to fix it?

Using new parts to fix wornout parts of the PH refinery is one of the reasons it never meets the repair completion target. Once they try to power the refinery, another part breaks down.

mrvitalis:
There are topics above your intellectual capabilities learn to learn from them and not show your ignorance

Opebiman:

https://www.youtube.com/watch?v=WLQkpwGH5co

To think that Yar Adua had the opportunity to sell port Harcourt refinery to Dangote during his tenure..this long cry of fuel subsidy, import and high prices would have been eliminated at least a decade ago

This is what you get when visionless people are in power..refused to transfer it to private hands and left it to rot..

Today they are beginning private companies to take over it..funny enough they had to spend their money to repair it first.

SmartPolician:
I pity those who will fall for this trap. Buying those refineries now is like buying a faulty Mercedes 230 when others are buying GLE 450. Where will you get the parts to fix it?

Using new parts to fix wornout parts of the PH refinery is one of the reasons it never meets the repair completion target. Once they try to power the refinery, another part breaks down.

Masterstroke4:
Port Harcourt, Warri, Kaduna Refineries To Be Privatised – Presidency.


https://businessday.ng/energy/article/complete-port-harcourt-warri-refineries-to-be-privatised-presidency/?amp

mrvitalis:
Lmao you are asking a mechanical engineer this question?

Bros only 5 are economically important to a refinery the rest are sold as waste to petrochemicals

achinu:
Simple answer, use state resources to fix the refinery and sell it off to a crony of the government for pennies on the dollar. And the Nigerian plot thickens