Nigeria Finally Meets OPEC’s Crude Oil Production Quota Of 1.5m Barrels-Per-Day - Politics (3)

Nigeria Finally Meets OPEC’s Crude Oil Production Quota Of 1.5m Barrels-Per-Day - Politics (3) - Nairaland

Nairaland Forum › Nairaland General › Politics › Nigeria Finally Meets OPEC’s Crude Oil Production Quota Of 1.5m Barrels-Per-Day (8932 Views)

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Re: Nigeria Finally Meets OPEC’s Crude Oil Production Quota Of 1.5m Barrels-Per-Day by greatiyk4u(m): 8:08pm On Feb 13, 2025

PressMyButton:
President talk na do.. I don't pray that wailers stop being bitter, please, continue. As long as Nigeria is progressing, wailing is good music to our ears.

After God, na Tinubu 💪 God bless Nigeria

Go back and read carefully to see the conflicting story there

Re: Nigeria Finally Meets OPEC’s Crude Oil Production Quota Of 1.5m Barrels-Per-Day by Apel147(m): 8:13pm On Feb 13, 2025

Ask you state governors

VanuatuWycombe:
Help me ask them o. Dem don tif Nigeria bend.

1 Like

Re: Nigeria Finally Meets OPEC’s Crude Oil Production Quota Of 1.5m Barrels-Per-Day by VanuatuWycombe: 8:19pm On Feb 13, 2025

Apel147:
Ask you state governors

You are right. That’s another big elephant in the room.

3 Likes 1 Share

Re: Nigeria Finally Meets OPEC’s Crude Oil Production Quota Of 1.5m Barrels-Per-Day by Minjim: 8:26pm On Feb 13, 2025

I thought we were given 2, something

Re: Nigeria Finally Meets OPEC’s Crude Oil Production Quota Of 1.5m Barrels-Per-Day by fuckJones(f): 8:30pm On Feb 13, 2025

Akpakomiza2:
Kudos to Tinubu..things will gradually get better. Tinubu will take us to the yaradua era

yar adua got no achievement in his name

Re: Nigeria Finally Meets OPEC’s Crude Oil Production Quota Of 1.5m Barrels-Per-Day by Biodun556(m): 8:30pm On Feb 13, 2025

Blazetrailer:
Lol...Biodun, go back to school...or ask your little cousin in JS 1 to explain how Tinubu does not hold forex on behalf of Nigeria and releasing does not have an effect on inflation.

Its too complex for you to understand,Biodun.

Why were some of you shouting that Tinubu was depleting foreign reserve when dollar went back to 800 naira from 1800 naira sometimes ago?

2 Likes

Re: Nigeria Finally Meets OPEC’s Crude Oil Production Quota Of 1.5m Barrels-Per-Day by GeneralDae: 8:37pm On Feb 13, 2025

UHLmoving:
Wow

With a barrel of crude oil currently at 71 USD

That means Nigeria will be making a total of

$71 times 1,500,000

= $106,500,000 Daily

In Naira!

181 Billion Naira Daily.

Now the big question is, where will all these money go to?

Cost of production in Niger Delta is high. It cost up to 48 dollars per barrel in 2024 ( highest ever) due to unpredictability in the region. So at $71, both Nigeria and the foreign companies get just $23. So that’s 60 Billion naira daily. From that 60 Billion, NNPC gets about 30% only. That’s 18 Billion naira daily.

Re: Nigeria Finally Meets OPEC’s Crude Oil Production Quota Of 1.5m Barrels-Per-Day by govto: 8:38pm On Feb 13, 2025

Failed promises🏃🏃🏃

Re: Nigeria Finally Meets OPEC’s Crude Oil Production Quota Of 1.5m Barrels-Per-Day by MakindeHassan: 8:40pm On Feb 13, 2025

Ojuntana:
Eeerm can you read or agbado don blind ya eyes

Nigeria was targeting 2.5m per day in 2013 and crude oil theft was leading to 150k deficit

Oya do +/- if you pass common entrance tru tru

Thank you. The guy made a screenshot thinking he has cooked up something not knowing he’s contradicting himself. I wonder if most of these APC guys finished school

Re: Nigeria Finally Meets OPEC’s Crude Oil Production Quota Of 1.5m Barrels-Per-Day by Owologbo(m): 8:43pm On Feb 13, 2025

PressMyButton:
President talk na do.. I don't pray that wailers stop being bitter, please, continue. As long as Nigeria is progressing, wailing is good music to our ears.

After God, na Tinubu 💪 God bless Nigeria

Foolish people following people who don't care if they die or not.
Since when did OPEC reduce it to 1.5bpd?

Re: Nigeria Finally Meets OPEC’s Crude Oil Production Quota Of 1.5m Barrels-Per-Day by Owologbo(m): 8:46pm On Feb 13, 2025

GeneralDae:
Cost of production in Niger Delta is high. It cost up to 48 dollars per barrel in 2024 ( highest ever) due to unpredictability in the region. So at $71, both Nigeria and the foreign companies get just $23. So that’s 60 Billion naira daily. From that 60 Billion, NNPC gets about 30% only. That’s 18 Billion naira daily.

Do you work in the oil sector or you are just one of those low life nonentity propagandists?

2 Likes

Re: Nigeria Finally Meets OPEC’s Crude Oil Production Quota Of 1.5m Barrels-Per-Day by Bwanasaraw: 8:54pm On Feb 13, 2025

UHLmoving:
Wow

With a barrel of crude oil currently at 71 USD

That means Nigeria will be making a total of

$71 times 1,500,000

= $106,500,000 Daily

In Naira!

181 Billion Naira Daily.

Now the big question is, where will all these money go to?

You forgot to add Natural gas. LNG

Re: Nigeria Finally Meets OPEC’s Crude Oil Production Quota Of 1.5m Barrels-Per-Day by DaddyJapan(m): 8:56pm On Feb 13, 2025

PressMyButton:
Meanwhile, Congo produced 251,000 bpd, securing its spot as the continent’s third-largest producer.

https://www.thecable.ng/nigeria-finally-meets-opecs-crude-oil-production-quota-of-1-5m-bpd/

If Libya, Algeria & Gabon all produced more crude oil, how is Congo ranked third?

Oil Market Report - February 2025 -- https://www.iea.org/reports/oil-market-report-february-2025

Re: Nigeria Finally Meets OPEC’s Crude Oil Production Quota Of 1.5m Barrels-Per-Day by chigo32: 9:05pm On Feb 13, 2025

My brother God bless u so much for ds question, where are all ds money going to? Leave all ds stupid people above praising tinubu. With all ds so much production of crude oil but the economy of nigerian is bad. Where are all ds money gotten from ds oil going to, all ds money gotten from d crude oil is been rooted by this wicked politicians and some idiot and stupid people are here praising dem

UHLmoving:
Wow

With a barrel of crude oil currently at 71 USD

That means Nigeria will be making a total of

$71 times 1,500,000

= $106,500,000 Daily

In Naira!

181 Billion Naira Daily.

Now the big question is, where will all these money go to?

Re: Nigeria Finally Meets OPEC’s Crude Oil Production Quota Of 1.5m Barrels-Per-Day by Idaytesj29(m): 9:14pm On Feb 13, 2025

Ojuntana:
This is shameful

Our quota was once 2.3m before the calamity called APC occurred

Now we're even struggling to do 1.5m by counting condensate

And Lokpobiri should stay off Heineken pls

Which magic will double production in a year? APC and the spirit of lies sha

Yen yen yen

Re: Nigeria Finally Meets OPEC’s Crude Oil Production Quota Of 1.5m Barrels-Per-Day by OldSkoolHeadBoy: 9:14pm On Feb 13, 2025

Be guided that the Joint Venture partners take 40% in some cases and others take up to 20% in Production Sharing Contracts in the deepwater assets, after they have recouped the cost of the Field Development. Everything does not belong to Nigeria

UHLmoving:
Wow

With a barrel of crude oil currently at 71 USD

That means Nigeria will be making a total of

$71 times 1,500,000

= $106,500,000 Daily

In Naira!

181 Billion Naira Daily.

Now the big question is, where will all these money go to?

Re: Nigeria Finally Meets OPEC’s Crude Oil Production Quota Of 1.5m Barrels-Per-Day by GeneralDae: 9:15pm On Feb 13, 2025

Owologbo:
Do you work in the oil sector or you are just one of those low life nonentity propagandists?

Learn, read, una nor go gree. Na to just type rubbish una sabi. Research what I wrote there and if you don’t know something, you learn.

2 Likes

Re: Nigeria Finally Meets OPEC’s Crude Oil Production Quota Of 1.5m Barrels-Per-Day by jendoslim(m): 9:16pm On Feb 13, 2025

3
3auqba3ab

STINEKPROJECTS1:
Nice

Re: Nigeria Finally Meets OPEC’s Crude Oil Production Quota Of 1.5m Barrels-Per-Day by jamafa: 9:19pm On Feb 13, 2025

Kaiser20:
Agbaya, See as Person Papa dey do hypeman for Palliative

Arindin!

U think everybody nah begger 😂

Re: Nigeria Finally Meets OPEC’s Crude Oil Production Quota Of 1.5m Barrels-Per-Day by adicius: 9:37pm On Feb 13, 2025

Well done B.A.T. after God,na Tinubu. Peter obi na Satan's houseboy. Face the facts

.

1 Like

Re: Nigeria Finally Meets OPEC’s Crude Oil Production Quota Of 1.5m Barrels-Per-Day by phemmyfour: 9:58pm On Feb 13, 2025

MightySparrow:
Not under Tinubu.

See giant strides within two years.

wake up from your slumber

https://www.nairaland.com/8307087/nigerians-react-tinubu-named-among

Re: Nigeria Finally Meets OPEC’s Crude Oil Production Quota Of 1.5m Barrels-Per-Day by Okwyjesus(m): 10:06pm On Feb 13, 2025

PressMyButton:
President talk na do.. I don't pray that wailers stop being bitter, please, continue. As long as Nigeria is progressing, wailing is good music to our ears.

After God, na Tinubu 💪 God bless Nigeria

Don't create more problems for Tinubu. Carry your haters/lovers to El Rufai.

Tinubu need united south ahead of 2027. Believe it or not

Re: Nigeria Finally Meets OPEC’s Crude Oil Production Quota Of 1.5m Barrels-Per-Day by integrity16(m): 10:12pm On Feb 13, 2025

UHLmoving:
Wow

With a barrel of crude oil currently at 71 USD

That means Nigeria will be making a total of

$71 times 1,500,000

= $106,500,000 Daily

In Naira!

181 Billion Naira Daily.

Now the big question is, where will all these money go to?

Nigeria don’t get to pocket all that monies, the IOCs get their share of the proceeds as cost of exploration I think 60% joint venture proceeds (JV) while the government gets 40%.

Re: Nigeria Finally Meets OPEC’s Crude Oil Production Quota Of 1.5m Barrels-Per-Day by merits(m): 10:36pm On Feb 13, 2025

PressMyButton:
https://www.thecable.ng/nigeria-finally-meets-opecs-crude-oil-production-quota-of-1-5m-bpd/

Girigonri pincher Obi right now.

1 Like

Re: Nigeria Finally Meets OPEC’s Crude Oil Production Quota Of 1.5m Barrels-Per-Day by Quodseverismete: 10:42pm On Feb 13, 2025

PressMyButton:
President talk na do.. I don't pray that wailers stop being bitter, please, continue. As long as Nigeria is progressing, wailing is good music to our ears.

After God, na Tinubu 💪 God bless Nigeria

Where is the money being generated,? I asked because the taxes master is still taxing you heavily including tax from your 30naira you earn for being tinubu e-warrior.

Re: Nigeria Finally Meets OPEC’s Crude Oil Production Quota Of 1.5m Barrels-Per-Day by Vision101(m): 12:03am On Feb 14, 2025

UHLmoving:
Wow

With a barrel of crude oil currently at 71 USD

That means Nigeria will be making a total of

$71 times 1,500,000

= $106,500,000 Daily

In Naira!

181 Billion Naira Daily.

Now the big question is, where will all these money go to?

Shallow thinking. So all the money goes to the government and none to the companies that produced the oil. No wonder it's easy to manipulate Nigerians.

Re: Nigeria Finally Meets OPEC’s Crude Oil Production Quota Of 1.5m Barrels-Per-Day by eldoradoxx: 12:19am On Feb 14, 2025

Golan007:

Haters gon hate.

Hate for a wonderful record breaking news? Nigeria had about 2.2 million barrels daily OPEC quota until APC happened. And today, people are supposed to clap and celebrate and not hate for Nigeria attaining 1.5 million barrels per day opec quota. Typical low thinking APC people.

Re: Nigeria Finally Meets OPEC’s Crude Oil Production Quota Of 1.5m Barrels-Per-Day by loffyloffy: 12:34am On Feb 14, 2025

opes:
What of the production cost that is more than the half of the money you quoted?

There is no produlation cost now, the oil is just dropping from heaven like rain, straight into the barrels.

Re: Nigeria Finally Meets OPEC’s Crude Oil Production Quota Of 1.5m Barrels-Per-Day by SIRAO(m): 12:46am On Feb 14, 2025

[quote author=chigo32 post=134133765]My brother God bless u so much for ds question, where are all ds money going to? Leave all ds stupid people above praising tinubu. With all ds so much production of crude oil but the economy of nigerian is bad. Where are all ds money gotten from ds oil going to, all ds money gotten from d crude oil is been rooted by this wicked politicians and some idiot and stupid people are here praising dem [/quo
te]

Most of you opposing tinubu re most useless animals on earth by asking were re all the money going to not minding the cost of production and others will be deducted. Infact what Nigeria collect is royalty.
Ewu Umuahia, why didn't you ask the above question when Jonathan was president. We re going to support him this time around because Tinubu polices re sin qua non for Nigerian development.

Re: Nigeria Finally Meets OPEC’s Crude Oil Production Quota Of 1.5m Barrels-Per-Day by gabbytabby: 12:58am On Feb 14, 2025

PBAT we are proud of you and forward ever.

PressMyButton:
https://www.thecable.ng/nigeria-finally-meets-opecs-crude-oil-production-quota-of-1-5m-bpd/

Re: Nigeria Finally Meets OPEC’s Crude Oil Production Quota Of 1.5m Barrels-Per-Day by gabbytabby: 1:00am On Feb 14, 2025

They paid all the foreign currency backlog kwo.

[quote author=SIRAO post=134135439][/quote]

Re: Nigeria Finally Meets OPEC’s Crude Oil Production Quota Of 1.5m Barrels-Per-Day by Johnn74: 3:16am On Feb 14, 2025

1 2 3 4 Reply

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