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New Refineries: NNPCL May Cut Crude Supply To Dangote Plant - Politics (2) - Nairaland

Nairaland ForumNairaland GeneralPoliticsNew Refineries: NNPCL May Cut Crude Supply To Dangote Plant (10771 Views)

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Re: New Refineries: NNPCL May Cut Crude Supply To Dangote Plant by Postinor: 8:43am On Jan 02, 2025
Hmm,my only advice is that if you can't get your hand dirty, don't enter the oil industry, so many corrupt practices in that industry
Re: New Refineries: NNPCL May Cut Crude Supply To Dangote Plant by bixton(m): 8:45am On Jan 02, 2025
Kuginzi:
https://punchng.com/new-refineries-nnpcl-may-cut-crude-supply-to-dangote-plant/
The FG should be thinking towards increasing the production of the crude and it's supply to all the refineries be it government owned or that owned by dangote.
We cant be going back and forth with some useless back door dramas.
Re: New Refineries: NNPCL May Cut Crude Supply To Dangote Plant by slimthugchimee2(m): 8:45am On Jan 02, 2025
fuckJones:
very good, competition is good, after oil and gas, let the government turn it attention in cement production too,
Lol it will just become an avenue to siphone government money
Re: New Refineries: NNPCL May Cut Crude Supply To Dangote Plant by SalamRushdie: 8:56am On Jan 02, 2025
That was the aim of all this fake refinery launches all along
Re: New Refineries: NNPCL May Cut Crude Supply To Dangote Plant by XAUUSD: 8:57am On Jan 02, 2025
So for many years, they made sure that our refineries didn't work...now because of some useless fight for their pockets with Dangote, they are now reviving the refineries in order to frustrate Dangote.

NNPCL is the villain here. All they care about is their pocket. They're not reviving the refineries because they love Nigerians so much and think we're a sweetheart and we've suffered so much, but they're just getting at Dangote.

This mentality I will say in indigenous to Nigeria particularly. This is the same mentality our politicians have, the same mentality our governors, Senators, Local government chairmen, councillors etc have.
It's not about the people, but about the themselves.

That being said, it's not surprising cos when you consider the fact that the resources in Nigeria was bought by the British and probably still run by the British through proxies, you begin to understand why even down to the grassroot its a business mentality we all have. It's about "what's in it for me?" There is no patriotism, there hasn't been and there will never be any patriotism in Nigeria, which by the way is just a paper republic. So, until we destroy the building from the foundation and rebuild what we can die for, we are doomed as a people.
Re: New Refineries: NNPCL May Cut Crude Supply To Dangote Plant by Wallade(m): 9:03am On Jan 02, 2025
Fiscus105:
The aspects you don't know are far far far, more than the one you know. It would take a whole year of explanation for you to get to latest happenings in Nigeria governance, provided you ready to learn.


* Many of those crude oil you mentioned are also sold out as a debt during Buhari, and it's a must for Tinubu to obey agreement.

*If Govt sells everything in Naira, where would Nigeria gets enough dollars to fund his projects that need dollars to fund
No one is asking government to sell all the crude oil in Naira.

The current combined capacity of of Dangote Refinery and the functional refineries og NEPAL is less than 1 million barrels of crude oil per day so there is still a difference of 800,000 barrels plus for sale into the international market.

Nigeria can as well increase her production of crude oil per day since we are already above the quota recommendations of OPEC
Re: New Refineries: NNPCL May Cut Crude Supply To Dangote Plant by Vadese1: 9:04am On Jan 02, 2025
We should be more concerned about the fake operations of the refineries. If really the refineries are working, the fuel prince by now should have relatively reduced. It will be unexplainable for dangote who is buying crude from the same fg to sell fuel cheaper than fg who is the owner of the crude.
Re: New Refineries: NNPCL May Cut Crude Supply To Dangote Plant by IbnB: 9:10am On Jan 02, 2025
Judolisco:
We produce 1.8 million barrels per day and we can't set aside 500,000 barrels for our personal consumption? We dey mad for dis country?
If they set it aside how will they steal? You can't imagine how greedy those guys are
Re: New Refineries: NNPCL May Cut Crude Supply To Dangote Plant by HawkTuahGirl: 9:15am On Jan 02, 2025
Wallade:
No sir, the law only indicates that minimum of 445, 000 barrels of crude oil daily should be allocated to local refineries in Nigeria to provide petroleum products for local consumption.
Which was being exported before Dangote Refinery. And Dangote had to drag them to court as a reminder.
Re: New Refineries: NNPCL May Cut Crude Supply To Dangote Plant by Wallade(m): 9:18am On Jan 02, 2025
XAUUSD:
So for many years, they made sure that our refineries didn't work...now because of some useless fight for their pockets with Dangote, they are now reviving the refineries in order to frustrate Dangote.

NNPCL is the villain here. All they care about is their pocket. They're not reviving the refineries because they love Nigerians so much and think we're a sweetheart and we've suffered so much, but they're just getting at Dangote.

This mentality I will say in indigenous to Nigeria particularly. This is the same mentality our politicians have, the same mentality our governors, Senators, Local government chairmen, councillors etc have.
It's not about the people, but about the themselves.

That being said, it's not surprising cos when you consider the fact that the resources in Nigeria was bought by the British and probably still run by the British through proxies, you begin to understand why even down to the grassroot its a business mentality we all have. It's about "what's in it for me?" There is no patriotism, there hasn't been and there will never be any patriotism in Nigeria, which by the way is just a paper republic. So, until we destroy the building from the foundation and rebuild what we can die for, we are doomed as a people.
Brother, the competition in the downstream sector of petroleum products production in Nigeria is good. Especially the recent competition between NNPCL(PHRC and maybe WRPC) and Dangote Refinery.

However, NNPCL is trying to monopolize the supply of Crude Oil to PHRC and maybe WRPC to reduce supply to Dangote refinery and ultimately make the price of petroleum products in Dangote refinery more expensive since he would have to source crude oil abroad.

That will be an unfair advantage to NNPCL and I expect that the federal government, through the ministry of finance will ensure all refineries get adequate quantity to guarantee domestic supply of petroleum products and prevent unfair advantage to any refinery against the other. All the refineries should be given fair advantage with respect to supply.

The quality of petroleum products from Dangote refinery seems better than the quality from PHRC and maybe WRPC. I am also not very confident with reliable supply from PHRC and WRPC.

I know Dangote refinery too is a capitalist organization, Dangote has a history of greed, monopolistic tendencies, selfish and exploitative tendencies. However, for the sake of competitive pricing of petroleum products and improved standards of petroleum products in the market, I think Nigeria should ensure that Dangote refinery is provided adequate crude oil guaranteed for local sale and supply in the interest of the nation.
Re: New Refineries: NNPCL May Cut Crude Supply To Dangote Plant by skywalker240(m): 9:22am On Jan 02, 2025
Dangote Carry bet two goals ahead

Tickets don de cut small
Re: New Refineries: NNPCL May Cut Crude Supply To Dangote Plant by Ebubu6: 9:35am On Jan 02, 2025
fuckJones:
very good, competition is good, after oil and gas, let the government turn it attention in cement production too,
No, electricity rather.
Re: New Refineries: NNPCL May Cut Crude Supply To Dangote Plant by Gbajabiamila1: 9:39am On Jan 02, 2025
They should work more on exploration. Don't shrink crude supply to Dangote but block the loopholes and increase crude exploration.
Re: New Refineries: NNPCL May Cut Crude Supply To Dangote Plant by XAUUSD: 9:39am On Jan 02, 2025
Wallade:
Brother, the competition in the downstream sector of petroleum products production in Nigeria is good. Especially the recent competition between NNPCL(PHRC and maybe WRPC) and Dangote Refinery.

However, NNPCL is trying to monopolize the supply of Crude Oil to PHRC and maybe WRPC to reduce supply to Dangote refinery and ultimately make the price of petroleum products in Dangote refinery more expensive since he would have to source crude oil abroad.

That will be an unfair advantage to NNPCL and I expect that the federal government, through the ministry of finance will ensure all refineries get adequate quantity to guarantee domestic supply of petroleum products and prevent unfair advantage to any refinery against the other. All the refineries should be given fair advantage with respect to supply.

The quality of petroleum products from Dangote refinery seems better than the quality from PHRC and maybe WRPC. I am also not very confident with reliable supply from PHRC and WRPC.

I know Dangote refinery too is a capitalist organization, Dangote has a history of greed, monopolistic tendencies, selfish and exploitative tendencies. However, for the sake of competitive pricing of petroleum products and improved standards of petroleum products in the market, I think Nigeria should ensure that Dangote refinery is provided adequate crude oil guaranteed for local sale and supply in the interest of the nation.
I see your point. The competition definitely will help push the price down.

Still begs the question; if they could revive the refineries, why wasn't it done all these year?
Re: New Refineries: NNPCL May Cut Crude Supply To Dangote Plant by Wallade(m): 9:40am On Jan 02, 2025
HawkTuahGirl:
Which was being exported before Dangote Refinery. And Dangote had to drag them to court as a reminder.
Yes, Dangote refinery was banking on the minimum of 445,000 barrels supply per day to Dangote refinery.

But he forgot that the federal government is not bound to supply the minimum of 445,000 barrels to Dangote refinery solely. The minimum requirement of crude oil for local consumption can be shared to functional refineries in the country.

I guess that is why the management of NNPCL aggressively ensured or portrayed PHRC and WRPC as functional to claim significant share of the crude oil for local consumption. The NNPCL has been doing Crude Swap Deal (CSD) with the minimum of 445,000 barrels per day over the years which has enriched their personal pockets because there were so much corruption opportunities for persons in NNPCL and government through the CSD.

Now, the power to sell Nigeria's crude oil has been taken away from NNPCL and given to the Ministry of Finance so the NNPCL is forced to only try to get the moribund or legacy refineries functional to get share of the cruse oil designated for local consumption and make money processing it to sell petroleum products to meet Nigeria's demand.

Can you now understand the dynamics.

Dangote can try to enter an exclusive agrement with an exploration company or buy into ownership (part or full) of one or some of these crude oil producing companies, especially the ones that bought assets of SPDC and ExxonMobil etc. This may allow him secure steady and reliable supply line of crude oil within Nigeria.

Dangote refinery can't continue to rely on the Federal government share of the minimum of 445,000 barrels of crude oil scheduled for local consumption. He has to get concrete and reliable agreement to source from other producers of crude oil, especially within Nigeria, to ensure competitive pricing of his products and independence from the attacks of NNPCL.

The more refineries that spring up in Nigeria, the new refineries would also have a right to demand a share of the minimum of 445,000 barrels per day crude scheduled for local consumption in Nigeria.
Re: New Refineries: NNPCL May Cut Crude Supply To Dangote Plant by Gbajabiamila1: 9:41am On Jan 02, 2025
Wallade:
Brother, the competition in the downstream sector of petroleum products production in Nigeria is good. Especially the recent competition between NNPCL(PHRC and maybe WRPC) and Dangote Refinery.

However, NNPCL is trying to monopolize the supply of Crude Oil to PHRC and maybe WRPC to reduce supply to Dangote refinery and ultimately make the price of petroleum products in Dangote refinery more expensive since he would have to source crude oil abroad.

That will be an unfair advantage to NNPCL and I expect that the federal government, through the ministry of finance will ensure all refineries get adequate quantity to guarantee domestic supply of petroleum products and prevent unfair advantage to any refinery against the other. All the refineries should be given fair advantage with respect to supply.

The quality of petroleum products from Dangote refinery seems better than the quality from PHRC and maybe WRPC. I am also not very confident with reliable supply from PHRC and WRPC.

I know Dangote refinery too is a capitalist organization, Dangote has a history of greed, monopolistic tendencies, selfish and exploitative tendencies. However, for the sake of competitive pricing of petroleum products and improved standards of petroleum products in the market, I think Nigeria should ensure that Dangote refinery is provided adequate crude oil guaranteed for local sale and supply in the interest of the nation.
On point.
Re: New Refineries: NNPCL May Cut Crude Supply To Dangote Plant by ejieddy: 9:45am On Jan 02, 2025
Instead of reducing, we can try to achieve increased production. I actually believe we xan do 3m barrels per day. That will be a big boost to our economy. We can allocate over 700k barrels for the nation's many refineries, 500k barrels for sovereign wealth funds and savings and the remaining 1.8m barrels can be shared between the nation and the oil companies for Forex.
Re: New Refineries: NNPCL May Cut Crude Supply To Dangote Plant by Skyehigher1: 9:45am On Jan 02, 2025
What i know pretty sure is that once our crude oil production is more than 2 million bpd and dangote himself will not fold his arm and watch his company to fold up and am very sure before the six month of first naira to crude elapse another agreement is loading so no cap and also importation must continue to curb monopolistic price because transportation cost of importation cost most remove from dangote and nnpcl price so at least 700 or 750 naira per litre is enough by match this year
Re: New Refineries: NNPCL May Cut Crude Supply To Dangote Plant by Wallade(m): 9:50am On Jan 02, 2025
XAUUSD:
I see your point. The competition definitely will help push the price down.

Still begs the question; if they could revive the refineries, why wasn't it done all these year?
NNPCL and government personnel and some politicians were making dirty money from the Crude Swap Deal (CSD) which allows them to sell the minimum of 445,000 barrels scheduled for local consumption to the international market to be paid with Petroleum Products.

You have cases of improperly documented shipments of crude oil hence, loss and disappearance of crude oil stock.

Shortchanging of price documented against actual price paid to the NNPCL and the cabal.

A lot of loop holes for corruption can be traced to that system operated by NNPCL and the CSD then. This profits the cabals, staff of NNPCL and others at the expense of the nation.
Re: New Refineries: NNPCL May Cut Crude Supply To Dangote Plant by uuzba(m): 9:54am On Jan 02, 2025
XAUUSD:
So for many years, they made sure that our refineries didn't work...now because of some useless fight for their pockets with Dangote, they are now reviving the refineries in order to frustrate Dangote.

NNPCL is the villain here. All they care about is their pocket. They're not reviving the refineries because they love Nigerians so much and think we're a sweetheart and we've suffered so much, but they're just getting at Dangote.

This mentality I will say in indigenous to Nigeria particularly. This is the same mentality our politicians have, the same mentality our governors, Senators, Local government chairmen, councillors etc have.
It's not about the people, but about the themselves.

That being said, it's not surprising cos when you consider the fact that the resources in Nigeria was bought by the British and probably still run by the British through proxies, you begin to understand why even down to the grassroot its a business mentality we all have. It's about "what's in it for me?" There is no patriotism, there hasn't been and there will never be any patriotism in Nigeria, which by the way is just a paper republic. So, until we destroy the building from the foundation and rebuild what we can die for, we are doomed as a people.
We really need to get rid of this type of government we have.
There's 230 million Nigerians. If we die off , the govt will be happy. Because they can finally chop in peace.
Unlike western nations, Nigeria has still not found out a way to GRAB the balls of the government and make it responsible to the citizens.
We can't charge police.
We can't protest.
Buhari switched off Twitter.
Our government caters to western nations and interests instead.
We people , are just useless visitors on our own country.
Re: New Refineries: NNPCL May Cut Crude Supply To Dangote Plant by coleon(m): 10:04am On Jan 02, 2025
Fiscus105:
The aspects you don't know are far far far, more than the one you know. It would take a whole year of explanations for you to get to latest happenings in Nigeria governance, provided you ready to learn.


* Many of those crude oil you mentioned are already, sold out as a debt during Buhari, and it's a must for Tinubu to obey agreement.

*If Govt sells everything in Naira, where would Nigeria gets enough dollars to fund his projects that need dollars to fund.
You are only addressing the symptoms and not treating the root cause. The main problem I see here is low production, our crude oil output should be ramped up to about 2.5m bpd to meet local demands and external obligations, that way we won't be in this mess. How Nigeria an oil producing nation will not be able to meet 450k barrels allocated for local production is very embarrassing despite all the billions of dollars nnpc has pumped into oil exploration in the north and bonga field.
Re: New Refineries: NNPCL May Cut Crude Supply To Dangote Plant by Eriokanmi:
kayperry:
when you read, think ..... Suddenly Nigeria refineries that have refuse to work for decades are coming back, .... naive Nigerians will say it is Tinubu or a miracle But it all because of Dangote.

Dangote refinery is design to feed on Nigeria crude, Nnpc knowing that fact are playing on how to sideline Dangote using valid excuses, our four refineries

If our four refineries are working, it will shorten ration to dangote, then Nnpc can move to sideline Dangote ... all of people will say and so what undecided who cares

We need Dangote in the Mix, dangote is the only force that can keep Nnpc on there toes and on track
you've said it all.Did you know it's more convenient for dangote to import crude from the US? He's done it multiple times without hitches. It was the nnpc who approached dangote for the naira for crude deal, based on their pricing agreement. Once dangote recourses to overseas supply, the hook will be let off his neck and he can sell without NNPCL interference on prices which are likely to be lower. I hope they'd not frustrate him with an import duty.

The truth is, none of our refineries is in good condition. They're only blending and not refining. It's much more easier to blend than refine. Those illegal refineries at the creeks can do this too. They take only the diesel and throw away the rest which pollutes the environment. Only dangote is refining. NNPCL still imports those products they're blending and the reason while the price can't come down. They know this. It's all politics.

Refining is breaking down of crude into different components while blending is mixing those components using linear programming to get a particular component e.g, petrol, which the phc refinery does and which a storage terminal like conoil and FO can also do, likewise those illegal refineries at the creeks, no big deal. The FG knows how gullible our people can be so they always take advantage of this to deceive many. None of our refineries can refine anything. They're old and need to be scrapped. They just wanted to justify the 2bn loan take.

Have you forgotten they told us that the turn around maintenance had failed? That's why they're taking to blending, which anybody can also achieve locally. I can go to the creeks and collect the remaining components of the crude which the illegal refineries are throwing away after the removal of their diesel and blend it to get petrol and other components. That's what Nigeria does by importing it to Nigeria from abroad. There are refineries who specialise only on diesel production. They go there and bring the residual home to blend and gullible Nigerians will be jubilating over it. We have a long way to go.
Re: New Refineries: NNPCL May Cut Crude Supply To Dangote Plant by Magnetic010: 10:28am On Jan 02, 2025
Did anyone notice the speed at which our dead and forgotten refineries came into life the moment dangote refinary started operation?....Nigeria is not a sincere country, Nigerians don't ask the right questions....The lies and secrets In Our Petroleum sector is beyong our wildest imaginations
Re: New Refineries: NNPCL May Cut Crude Supply To Dangote Plant by Eriokanmi: 10:51am On Jan 02, 2025
Magnetic010:
Did anyone notice the speed at which our dead and forgotten refineries came into life the moment dangote refinary started operation?....Nigeria is not a sincere country, Nigerians don't ask the right questions....The lies and secrets In Our Petroleum sector is beyong our wildest imaginations
No refineries had come into life. It's all politics. I need people to take a tour of kaduna refinery or warri refinery and see. They can take picture if they allow them. Most of the equipment there are stiff and long abandoned, likewise the phc refineries. That was why obj was saying they should be sold and no investor had been able to buy them over the years, cos the cost of repair was almost equivalent to building a new one in each of the refineries after the investors' cost analysis were concluded. You know what happens to a motor engine which had been exposed for over 30 years? We work in this sector so we see them always.

Let me tell you what the NNPCL had done. They only created a facility inside the refineries for blending purposes. They still import crude components, mix it and take away petrol. They're not refining anything and because they import, that's why the price can't come down significantly. Only dangote is refining by breaking down the components. He gets petrol, diesel, urea, aviation oil, name it.

You see all those make-shift refineries they always destroy at the creeks? They can also blend. Femi Otedola can blend at any of his terminals. I can blend in my house. It's just about getting the process right. Don't let anybody deceive you. Nigerians are so gullible. How come the same nnpcl who said they can't produce because the TAM had failed,suddenly made a you turn and said hey, we're refining? Please Google if in doubt. Kyari even confirmed the fact that the PHC refinery is only blending and there's nothing wrong about it. He said this after people who are players in the sector were trying to correct him when he kept saying the phc refinery had commenced full refining operation. As you know, there's a limit to their lies. They can't deceive everyone. If warri commences operation tomorrow, it's still going to blend
Re: New Refineries: NNPCL May Cut Crude Supply To Dangote Plant by okoloto: 10:53am On Jan 02, 2025
They should honor all the agreements reached . If really they want a free market in the oil sector having removed subsidy, warri and port Harcourt should source for their crude and operate as a company so that the government with their corruption should not have any reason for using public fund to repair next time and they should not have any reason not to be declaring dividend at the end of every year just like dangote.
Re: New Refineries: NNPCL May Cut Crude Supply To Dangote Plant by HawkTuahGirl: 10:53am On Jan 02, 2025
Wallade:
Yes, Dangote refinery was banking on the minimum of 445,000 barrels supply per day to Dangote refinery.

But he forgot that the federal government is not bound to supply the minimum of 445,000 barrels to Dangote refinery solely. The minimum requirement of crude oil for local consumption can be shared to functional refineries in the country.

I guess that is why the management of NNPCL aggressively ensured or portrayed PHRC and WRPC as functional to claim significant share of the crude oil for local consumption. The NNPCL has been doing Crude Swap Deal (CSD) with the minimum of 445,000 barrels per day over the years which has enriched their personal pockets because there were so much corruption opportunities for persons in NNPCL and government through the CSD.

Now, the power to sell Nigeria's crude oil has been taken away from NNPCL and given to the Ministry of Finance so the NNPCL is forced to only try to get the moribund or legacy refineries functional to get share of the cruse oil designated for local consumption and make money processing it to sell petroleum products to meet Nigeria's demand.

Can you now understand the dynamics.

Dangote can try to enter an exclusive agrement with an exploration company or buy into ownership (part or full) of one or some of these crude oil producing companies, especially the ones that bought assets of SPDC and ExxonMobil etc. This may allow him secure steady and reliable supply line of crude oil within Nigeria.

Dangote refinery can't continue to rely on the Federal government share of the minimum of 445,000 barrels of crude oil scheduled for local consumption. He has to get concrete and reliable agreement to source from other producers of crude oil, especially within Nigeria, to ensure competitive pricing of his products and independence from the attacks of NNPCL.

The more refineries that spring up in Nigeria, the new refineries would also have a right to demand a share of the minimum of 445,000 barrels per day crude scheduled for local consumption in Nigeria.
Well explained.
Re: New Refineries: NNPCL May Cut Crude Supply To Dangote Plant by RealLordZeus(m): 10:56am On Jan 02, 2025
Fiscus105:
The aspects you don't know are far far far, more than the one you know. It would take a whole year of explanations for you to get to latest happenings in Nigeria governance, provided you ready to learn.


* Many of those crude oil you mentioned are already, sold out as a debt during Buhari, and it's a must for Tinubu to obey agreement.

*If Govt sells everything in Naira, where would Nigeria gets enough dollars to fund his projects that need dollars to fund.
If you read my comment well, you will know that i already raised your first point, the fault is only not on Buhari, Tinubu's admin also secure crude for loan deals at inception

Your second point also lacks credibility,
1) Nigeria alone cannot consume 1.5m barrel of oil daily, heck we can't even consume half of that amount, so lets say we sell all our crude to local refineries, we will have enough refined products to start exporting to other countries in the region (Lets ignore the sarcastic statement by NNPC that they are exporting to UAE). This will bring in forex and also help to stabilise Naira
2) Our current local refineries when fully working can not process 1m barrel per day so still leaving us surplus to export crude not to talk of now that only Dangote's is optimally working(infact not full capacity according to statement from their officials), our current required crude feedstock should not exceed 800k barrel per day(adding porthacourt and modular refineries) so we still have a surplus of 700k barrel (using my initial peg of 1.5m barrel per day)
Re: New Refineries: NNPCL May Cut Crude Supply To Dangote Plant by Magnetic010: 10:59am On Jan 02, 2025
Eriokanmi:
No refineries had come into life. It's all politics. I need people to take a tour of kaduna refinery or warri refinery and see. They can take picture if they allow them. Most of the equipment there are stiff and long abandoned, likewise the phc refineries. That was why obj was saying they should be sold and no investor had been able to buy them over the years, cos the cost of repair was almost equivalent to building a new one in each of the refineries after the investors' cost analysis were concluded. You know what happens to a motor engine which had been exposed for over 30 years? We work in this sector so we see them always.

Let me tell you what the NNPCL had done. They only created a facility inside the refineries for blending purposes. They still import crude components, mix it and take away petrol. They're not refining anything and because they import, that's why the price can't come down significantly. Only dangote is refining by breaking down the components. He gets petrol, diesel, urea, aviation oil, name it.

You see all those make-shift refineries they always destroy at the creeks? They can also blend. Femi Otedola can blend at any of his terminals. I can blend in my house. It's just about getting the process right. Don't let anybody deceive you. Nigerians are so gullible. How come the same nnpcl who said they can't produce because the TAM had failed,suddenly made a you turn and said hey, we're refining? Please Google if in doubt. Kyari even confirmed the fact that the PHC refinery is only blending and there's nothing wrong about it. He said this after people who are players in the sector were trying to correct him when he kept saying the phc refinery had commenced full refining operation. As you know, there's a limit to their lies. They can't deceive everyone. If warri commences operation tomorrow, it's still going to blend
This is probably the smartest response anyone has ever given here on nairaland....i apprecaite you sir, happy new year
Re: New Refineries: NNPCL May Cut Crude Supply To Dangote Plant by Basicend:
The refinery project will be the most challenging investment decision Dangote ever made.

About $19 billion outlay is not small money. With the way NNPCL is dribbling him up and down. . Hmm, it may take about 12 to 13 years to even break-even with that business. Not to talk of profiting from it.

That refinery is in a serious survival corner.

Dangote may have to significantly resort to importing crude, and exporting the refined products to international customers only. Although In that way, he will be incurring more refining cost due to higher sulphur content. Hence, the end-price may not be competitive within the Nigerian market.
Re: New Refineries: NNPCL May Cut Crude Supply To Dangote Plant by XAUUSD:
Wallade:
NNPCL and government personnel and some politicians were making dirty money from the Crude Swap Deal (CSD) which allows them to sell the minimum of 445,000 barrels scheduled for local consumption to the international market to be paid with Petroleum Products.

You have cases of improperly documented shipments of crude oil hence, loss and disappearance of crude oil stock.

Shortchanging of price documented against actual price paid to the NNPCL and the cabal.

A lot of loop holes for corruption can be traced to that system operated by NNPCL and the CSD then. This profits the cabals, staff of NNPCL and others at the expense of the nation.
Corruption of the cabal in the NNPCL.

Subsidy removal removed the meat from the mouths of the cabal. During the subsidy, these people were just coming up with fictitious humongous figures for subsidy payment monthly. They were sharing free monies. Now, subsidy is removed and Dangote refinery is completed in time to be able to refine crude, which will mean it will be cost effective to refine with Dangote than going to a foreign country. Another blow for the cabal. Initially, they didn't want to give crude to Dangote.

Since the food has been removed from their mouths and it looks like it will be Dangote who will be benefitting from the turn of things, now, they have worked so hard to revive the refineries, something that was once impossible to accomplish, all to make sure Dangote does not become a sole benefactor of the turn of things. Their action brings competition, which is a good thing, but why did they wait until now, why did they not revive the refineries when there was subsidy and they were exporting crude to be refined outside Nigeria?.
Simple answer is that, NNPCL are doing this now, not because they care about Nigerians. This is why although it is a laudable move to revive the refineries, it is also a vengeful action and reminds us that we don't matter to government.


PS: I do not support Dangote either, who is a business man and sometimes has been known to employ monopoly to succeed.
Re: New Refineries: NNPCL May Cut Crude Supply To Dangote Plant by Basicend: 11:41am On Jan 02, 2025
XAUUSD:
Corruption of the cabal in the NNPCL.

Subsidy removal removed the meat from the mouths of the cabal. During the subsidy, these people were just coming up with fictitious humongous figures for subsidy payment monthly. They were sharing free monies. Now, subsidy is removed and Dangote refinery is completed in time to be able to refine crude, which will mean it will be cost effective to refine with Dangote than going to a foreign country. Another blow for the cabal. Initially, they didn't want to give crude to Dangote.

Since the food has been removed from their mouths and it looks like it will be Dangote who will be benefitting from the turn of things, now, they have worked so hard to revive the refineries to make sure Dangote does not become a sole benefactor of the turn of things. Their action brings competition, which is a good thing, but why did they wait until now, why did they not revive the refineries when there was subsidy and they were exporting crude to be refined outside Nigeria?.
Simple answer is that, NNPCL are doing this now, not because they care about Nigerians. This is why although it is a laudable move to revive the refineries, it is also a vengeful action and reminds us that we don't matter to government.


PS: I don not support Dangote either, who is a business man and sometimes has been known to employ monopoly to succeed.
For me, to be honest, I see Karma. Dangote too has held Nigeria down for many years via the under ground powers.

Well, I hope the Dangote refinery thrives.
Re: New Refineries: NNPCL May Cut Crude Supply To Dangote Plant by XAUUSD: 11:51am On Jan 02, 2025
uuzba:
We really need to get rid of this type of government we have.
There's 230 million Nigerians. If we die off , the govt will be happy. Because they can finally chop in peace.
Unlike western nations, Nigeria has still not found out a way to GRAB the balls of the government and make it responsible to the citizens.
We can't charge police.
We can't protest.
Buhari switched off Twitter.
Our government caters to western nations and interests instead.
We people , are just useless visitors on our own country.
This is what it is.

We all have ancestral lands filled with resources. These lands and resources have been bought, in some cases claimed, of course without our consent. Now we live like strangers on our lands. The day we rise up to speak, we are silenced with brutal force. Because this whole game was started by the British, they continue to supervise it in the world stage. That leaves us helpless and hopeless.

Nigeria is not our own. It belongs to those who have purchased it.
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