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Foreign Refineries To Stop Buying Nigeria’s Crude Oil Due To NDA Attacks - Politics - Nairaland

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Foreign Refineries To Stop Buying Nigeria’s Crude Oil Due To NDA Attacks by blackmatter007: 6:30am On Jun 09, 2016
NIGER Delta Avengers, NDA, yesterday, scuttled the hope of early resolution of the current spate of bombings in the Niger Delta, as it did not only reject the window created for dialogue by the Federal Government, but also blew up another Chevron Nigeria Limited, CNL, crude oil pipeline in Delta State.

This came on a day indications emerged that Nigeria’s crude oil export may drop further in the days ahead, as major refineries across the globe have concluded plans to stop purchase of crude oil from Nigeria due to rising uncertainties about the country meeting up with deliveries.

The latest attack came as a bombshell to the governors of oil producing states, who met, Tuesday, in Abuja with the Acting President, Professor Yemi Osinbajo, service chiefs and other functionaries on how to end pipeline attacks in the troubled region.

Government had announced a two-week ceasefire on Monday to build confidence in the militants for negotiation.

Militants blow up another Chevron pipeline in Delta


But in a tweet that blatantly negated government’s goodwill, the militant group said yesterday: “This is to inform the general public that we are not negotiating with any committee. If Federal Government is discussing with any group, they’re doing that on their own.

“At 1:00 a.m today (yesterday), the Niger Delta Avengers blew up Well RMP 20 belonging to Chevron, located 20 metres from Dibi flow station in Warri North Local Government Area.”

A source familiar with the location told Vanguard, at about 5.45 a.m., that the affected crude oil pipeline is between Opia and Dagbolo villages in Warri North

Confirming the latest attack, a security source said: “Yes, there was an attack this (yesterday) morning by militants on a Chevron facility.

“The pipeline had earlier been attacked by militants using the same modus operandi, which is with the use of dynamite.

The attack was carried out at about 1:00 a.m.” According to the Chevron staff, who spoke on condition of anonymity, the company will draft a team of technicians to the spot to assess the extent of damage.

A community source, who spoke to Vanguard shortly after a joint team of CNL, soldiers and private security outfit visited the bombed site, said if the plan of the militants had succeeded, the entire Dibi flow station, which had several crude oil and gas components, would have been set ablaze.

At last Tuesday’s meeting in Abuja, the governors allegedly made a compelling case for the Federal Government to cease military operations in the area, which was heating up the polity, and asked it to find a middle ground with the militants, among other things.

Foreign refineries to stop buying Nigeria’s crude oil

The restive situation in the region may lead to a further drop in crude oil export as major refineries across the globe have concluded plans to stop the purchase of the commodity from Nigeria due to rising uncertainties about the country meeting up with deliveries.

This is arising from the fact that a number of oil companies in Nigeria had declared force majeure of crude oil export, while a few others had been forced to suspend or cut production as a result of the bombing of oil facilities across the Niger Delta.

According to data obtained from Reuters, four of Nigeria’s oil grades, including the largest stream, Qua Iboe, have been under force majeure over the last one month.

Force majeure is a legal clause that allows companies to cancel or delay deliveries due to unforeseen circumstances. The report stated that despite the fact that ExxonMobil, which declared force majeure on Qua Iboe in May due to an accident, lifted the declaration last week, the unpredictability is too much for some buyers.

The report further stated that refineries on the United States’ east coast were beginning to turn away from Nigerian crude oil, noting that these same refineries had been on a buying spree for Nigerian crude in recent months that averaged 240,000 barrels per day (bpd) in April and May. As a result, the report said differentials to dated Brent for Qua Iboe, Bonny Light and other grades were under downward pressure, adding that there were several unsold cargoes for June loading.

Accordin to the report, the reduced demand means Nigeria is not benefiting as much as others from a rebound in Brent crude prices at current rate of over $51, which is partly driven by its own oil outages, stating that the reluctance of the refineries to buy Nigeria’s crude oil was limiting the prices Nigeria could get for its oil, even as there was less of it.

Specifically, the report stated that India’s HPCL was forced last month to cancel a vessel it chartered to carry two million barrels of West African crude due to the Qua Iboe force majeure, while India’s state-run Indian Oil Corporation Limited, a major buyer of Nigerian grades over the past year, had stated in its recent tenders that it would not take grades under force majeure, with Qua Iboe remaining off the list of the company.

Indonesia’s Pertamina, another frequent buyer, the report added, had also chosen not to buy Nigerian grades in its recent tenders, favouring Congolese Coco, Angolan Girassol and Saharan Blend from Algeria instead.

The report quoted oil traders as saying that Pertamina had shifted its preferences since the violence and uncertainty escalated, while Senior Vice President of the company, Daniel Purba, said the company was monitoring Nigeria, but noted that the situation was still currently not affecting crude purchasing.

Commenting on the development, one oil trader on the US east coast said: “When you plan your crude run months in advance and commit buying cargo, you need to be comfortable that the cargo will be there when you go to lift.” Similarly, Elizabeth Donnelley, Assistant Head of the Africa Programme at Chatham House, said: “The nature of the recently re-emerged militancy in the Niger Delta suggests it is here to stay for the foreseeable future.”

Also speaking, Olivier Jakob, Managing Director of PetroMatrix in Switzerland, said “not everybody wants to be caught up in that, so they will avoid it. The refineries will walk away from it.”

In a similar development, senior economist at Japan Oil, Gas and Metals National Corp, Takayuki Nogami, lamented, yesterday, that the recent fall in the Japanese oil market was a result of supply disruptions in Nigeria and Canada, following the Niger Delta militant activities. Nogami, in a statement, pointed out that the Japanese economy was on the double at the first quarter and was slow on consumer spending and weak exports which it experienced lately.

According to the statement, a downturn in the US crude inventories was noticed as the company expressed concern over attacks on Nigeria’s oil industry. Stakeholders ask militants to dialogue However, Niger Delta activist, Ann Kio Briggs; Ijaw community leader and Chief Favour Izuokumor advised the militant group to embrace dialogue.

Militants should embrace dialogue , Ann Kio Briggs, who hailed the two-week ceasefire in a chat with Vanguard before Avengers discarded government’s olive branch, said: “Definitely, it is good news in the sense that in the search for some individuals, they have gone into some communities, including their return to Gbaramatu, despite claims that they had earlier pulled out.

“Therefore, if truly the Federal Government is sincere in what it has said and if the military would obey the Federal Government, because that is another thing, then, of course, it is welcome news. “If you look at the whole bulk of the Niger Delta, the people have suffered tremendously and you cannot deny the fact that there are a lot of issues on ground about the injustice that the people of the region have suffered and this injustice must be addressed. “

The only way to address them is to make sure that the injustices are corrected and to do this, the issues of fiscal federalism, ownership and the people being able to develop themselves must be addressed. “If I was the government, the discussion should not be only with the Niger Delta, but should also take this opportunity to reach out to the Middle Belt and other regions who are agitating.” Buhari has shown commitment —Izuokumor Activist and Ijaw community leader, Chief Favour Izuokumor, who also hailed the ceasefire, said it was a bold commitment by President Buhari and urged the militants to take advantage of the window to dialogue. Advising government not to politicize the talks, he stressed the need to invest in the intelligence arm of the nation’s security network to overcome current security challenges facing Nigeria, particularly the resurgence of militancy in the Niger Delta. Izuokumor, spokesperson of Ogbe-ljoh/Warri Kingdom, said: “As the Niger Delta Avengers has failed to toe the line of negotiation, the Federal Government is expected to, without delay, begin to match words with actions by calling all stakeholders and regional leaders to a roundtable to dialogue on some pertinent issues as they affect the Niger Delta people.”

Omare denies sponsoring Avengers

Meanwhile, a former Commissioner for Environment in Delta State, Chief Frank Omare, has denied online report which fingered him of sponsoring the Avengers and communal crisis between his community, Ogbe-Ijoh and Aladja. In a petition to the police, the former commissioner, said: “I wish to state clearly and in unequivocal terms that I do not know any member of Niger Delta Avengers. I am also not one of the sponsors of the Niger Delta Avengers, as I have no reason to do so. “I also did not hold any meeting with members of the Niger Delta Avengers or anybody whatsoever at Ogulaha or any other community on how to attack and wipe out Aladja. “In the past seven years that I have been in the Delta State government, I have used my position to promote peace and harmonious relationship between Ogbe-Ijoh and Aladja. ‘’Former Governors James Ibori, Emmanuel Uduaghan and the present governor, Senator Ifeanyi Okowa, can testify to this fact.”




http://www.vanguardngr.com/2016/06/foreign-refineries-stop-buying-nigerias-crude-oil-militants-rebuff-dialogue/

4 Likes 2 Shares

Re: Foreign Refineries To Stop Buying Nigeria’s Crude Oil Due To NDA Attacks by brunofarad(m): 6:35am On Jun 09, 2016
Ghen ghen

1 Like

Re: Foreign Refineries To Stop Buying Nigeria’s Crude Oil Due To NDA Attacks by blackmatter007: 6:37am On Jun 09, 2016
The matter is getting worse day by day, and buhari seem not moved by it.

Sometimes i wonder why the federal government which has a big imprint of the north is afraid of true federalism, what are they scared of, because the last time i checked nigerians (south) have screamed , yelled and even protested for it. We all know and even the government knows that true federalism will stop the myriad of problems facing nigeria, there will be less agitation and massive development .

With true federalism, i believe the north can be far greater and more richer than it is today.
But will the northern oligarchs allow it?
Can mere protest move the government to consider true federalism?
The answer is, capital NO for both questions.

I don't support NDA destructive tendencies but a part of me is happy because i see the nigerian government forced to consider true federalism with a 50/50 sharing fomular. And to add to true federalism, all political prisoners must be released eg: kanu in order to quell agitations and unwanted protest.

In true FACT, NDA is the intelligent group here, far intelligent than the federal government of Nigeria because their demands is the medicine to Nigeria's sickness.

175 Likes 15 Shares

Re: Foreign Refineries To Stop Buying Nigeria’s Crude Oil Due To NDA Attacks by Raypawer(m): 6:38am On Jun 09, 2016
fg should implement true fiscal federalism, and every one controls his resources, meanwhile every one should get skilled, come up with a creative solution, and stop waiting for oil companies or fg!

87 Likes 8 Shares

Re: Foreign Refineries To Stop Buying Nigeria’s Crude Oil Due To NDA Attacks by chigoizie7(m): 6:39am On Jun 09, 2016
Gbagaam!!!!!!!!!.

11 Likes

Re: Foreign Refineries To Stop Buying Nigeria’s Crude Oil Due To NDA Attacks by Benjom(m): 6:50am On Jun 09, 2016
We so need God's intervention...

2 Likes 1 Share

Re: Foreign Refineries To Stop Buying Nigeria’s Crude Oil Due To NDA Attacks by VocalWalls: 6:51am On Jun 09, 2016
This is bad, but why is the government scared of true federalism? Every true Negotiation should have everything on the table. So if the government claims to be negotiating with millitants, and takes of true federalism off the table, then the negotiations have failed from the start.
Choose from these bookshelf Ideas

55 Likes 5 Shares

Re: Foreign Refineries To Stop Buying Nigeria’s Crude Oil Due To NDA Attacks by Horus(m): 6:52am On Jun 09, 2016
They are not real militants, they are sponsored by political thugs to steal crude oil. Wait and you will soon see a new "militant" group pop up from nowhere calling themselves "The Robin Hood of of Niger Delta" asking for oil blocs

10 Likes

Re: Foreign Refineries To Stop Buying Nigeria’s Crude Oil Due To NDA Attacks by FYB(m): 6:55am On Jun 09, 2016
blackmatter007:

“If you look at the whole bulk of the Niger Delta, the people have suffered tremendously and you cannot deny the fact that there are a lot of issues on ground about the injustice that the people of the region have suffered and this injustice must be addressed. “

The only way to address them is to make sure that the injustices are corrected and to do this, the issues of fiscal federalism, ownership and the people being able to develop themselves must be addressed. “If I was the government, the discussion should not be only with the Niger Delta, but should also take this opportunity to reach out to the Middle Belt and other regions who are agitating.”



I see a new country down south. ..I see it clearly undecided

41 Likes 1 Share

Re: Foreign Refineries To Stop Buying Nigeria’s Crude Oil Due To NDA Attacks by greatiyk4u(m): 6:58am On Jun 09, 2016
Media treats
Re: Foreign Refineries To Stop Buying Nigeria’s Crude Oil Due To NDA Attacks by Pheals(f): 7:08am On Jun 09, 2016
Abeg let embrace agriculture
And leave the oil drunkard

7 Likes

Re: Foreign Refineries To Stop Buying Nigeria’s Crude Oil Due To NDA Attacks by CyerSeries: 7:18am On Jun 09, 2016
If they stop buying the oil, we will eat our yam with the oil. All in all, its a win win situation.

9 Likes

Re: Foreign Refineries To Stop Buying Nigeria’s Crude Oil Due To NDA Attacks by Luckylife(m): 7:31am On Jun 09, 2016
This is getting worse, it means we Nigerians ve not seen the worse yet . God if it is possible let this cross pass by .

2 Likes

Re: Foreign Refineries To Stop Buying Nigeria’s Crude Oil Due To NDA Attacks by 989900: 7:37am On Jun 09, 2016
Former Governors James Ibori, Emmanuel Uduaghan and the present governor, Senator Ifeanyi Okowa, can testify to this fact.”

Your witnesses are suspects.

2 Likes

Re: Foreign Refineries To Stop Buying Nigeria’s Crude Oil Due To NDA Attacks by luvinhubby(m): 7:37am On Jun 09, 2016
Nigeria will survive this, but true fiscal federalism is the only long term solution for Nigeria out of this.

7 Likes

Re: Foreign Refineries To Stop Buying Nigeria’s Crude Oil Due To NDA Attacks by Dainfamous: 7:40am On Jun 09, 2016
FG can never win the power that be.No country can

4 Likes

Re: Foreign Refineries To Stop Buying Nigeria’s Crude Oil Due To NDA Attacks by wristbangle: 7:45am On Jun 09, 2016
This is now out of hands. No matter what, FG will still bow to true federalism. Meanwhile everyday we kip hearing new grps emanating from Niger Delta. Still waiting for Niger Delta Undertaker (NDU)

13 Likes

Re: Foreign Refineries To Stop Buying Nigeria’s Crude Oil Due To NDA Attacks by TheNonce: 7:49am On Jun 09, 2016
undecided


Naija too like suffer abeg!

1 Like

Re: Foreign Refineries To Stop Buying Nigeria’s Crude Oil Due To NDA Attacks by Nobody: 7:50am On Jun 09, 2016
Okay
Re: Foreign Refineries To Stop Buying Nigeria’s Crude Oil Due To NDA Attacks by utytill(m): 7:55am On Jun 09, 2016
This time,not only knowning the truth will sets us free but doing the right thing.

2 Likes

Re: Foreign Refineries To Stop Buying Nigeria’s Crude Oil Due To NDA Attacks by blackpanda: 8:13am On Jun 09, 2016
blackmatter007:
The matter is getting worse day by day, and buhari seem not moved by it.

Sometimes i wonder why the federal government which has a big imprint of the north is afraid of true federalism, what are they scared of, because the last time i checked nigerians (south) have screamed , yelled and even protested for it. We all know and even the government knows that true federalism will stop the myriad of problems facing nigeria, there will be less agitation and massive development .

With true federalism, i believe the north can be far greater and more richer than it is today.
But will the northern oligarchs allow it?
Can mere protest move the government to consider true federalism?
The answer is, capital NO for both questions.

I don't support NDA destructive tendencies but a part of me is happy because i see the nigerian government forced to consider true federalism with a 50/50 sharing fomular. And to add to true federalism, all political prisoners must be released eg: kanu in order to quell agitations and unwanted protest.

In true FACT, NDA is the intelligent group here, far intelligent than the federal government of Nigeria because their demands is the medicine to Nigeria's sickness.

Why did u not sing true federalism during the 6yrs of jonathan's regime?? Its now u suddenly woke up from slumber to sing federalism. Keep supporting vandals and hooligans, we will all suffer the blackouts, nofuel, poverty and no jobs together! Soon u wont have light or foe to be commenting on NL, na dat time ur eye go open. Smh

32 Likes

Re: Foreign Refineries To Stop Buying Nigeria’s Crude Oil Due To NDA Attacks by blackmatter007: 8:43am On Jun 09, 2016
blackpanda:


Why did u not sing true federalism during the 6yrs of jonathan's regime?? Its now u suddenly woke up from slumber to sing federalism. Keep supporting vandals and hooligans, we will all suffer the blackouts, nofuel, poverty and no jobs together! Soon u wont have light or foe to be commenting on NL, na dat time ur eye go open. Smh

You don't know me neither have you interacted with me before, so how did you come to the conclusion that i did not support true federalism? Don't behave like an illiterate please!

FYI i have supported true federalism right from the onset, if i may ask what made Jonathan call for a National conference? it is because of our false unity and agitations, why didn't he implement it? Well, the adopted policies of the national confab didn't favor the north, so they fought tooth and nail to delay it until Jonathan was defeated. It came as no surprise to me when buhari said he was trashing the national cofab report, in other words he was speaking for the north.

Stop advertising your ignorance for all to see, you see that particular bolded sentence? It is becoming f.ucking boring, when will 'the blame game' and the 'why didn't you' nonsense stop, look at old ussr, look at syria,look at the arab spring, these said countries had massive military arms than what the NA has currently in their inventory but when the people are fed up, when anarchy and civil disobedience takes over, there's nothing any government can do, even the almighty USA will be in chaos.

Pray it doesn't come to that because if it does, forget Nigeria!

Be smart except of course you are a northerner.

132 Likes 15 Shares

Re: Foreign Refineries To Stop Buying Nigeria’s Crude Oil Due To NDA Attacks by codedguy1(m): 9:05am On Jun 09, 2016
blackpanda:


Why did u not sing true federalism during the 6yrs of jonathan's regime?? Its now u suddenly woke up from slumber to sing federalism. Keep supporting vandals and hooligans, we will all suffer the blackouts, nofuel, poverty and no jobs together! Soon u wont have light or foe to be commenting on NL, na dat time ur eye go open. Smh

So what exactly is your point?

30 Likes

Re: Foreign Refineries To Stop Buying Nigeria’s Crude Oil Due To NDA Attacks by Tonnierichy(m): 9:45am On Jun 09, 2016
Nigeria is a failed entity already.
Its only in Nigeria that persons will be hoping their president fail and standard of living should reduce
I don't just understand people

7 Likes 1 Share

Re: Foreign Refineries To Stop Buying Nigeria’s Crude Oil Due To NDA Attacks by ChukwuIbrahim: 9:47am On Jun 09, 2016
Good!

now dis is d perfect time 4 d army to enter d creek & level d whole place since d oyel is now completely useless.

army level d creek so dat even a single mosquito won't be seen wizzin around. cool

6 Likes

Re: Foreign Refineries To Stop Buying Nigeria’s Crude Oil Due To NDA Attacks by davodyguy: 9:48am On Jun 09, 2016
When i saw the news contain and the source before scrolling down to the base, I knew it was from the alarmist Ipob newspaper, Vanguard.

Vanguard news are know for the fake and captivating headlines that are always a negation to the news content.

Throughout GEJ's regime, they were always reporting good news about him and now, all they report are negatives about this government.

When the government is doing well, eg launching the social package, that wouldn't make headlines with Vanguard news.

FYI, nothing is going to happen.

Vanguard news is a terrorist newspaper

4 Likes

Re: Foreign Refineries To Stop Buying Nigeria’s Crude Oil Due To NDA Attacks by peter1994(m): 9:48am On Jun 09, 2016
This news pain me walahi.
Re: Foreign Refineries To Stop Buying Nigeria’s Crude Oil Due To NDA Attacks by 5starmilitant: 9:48am On Jun 09, 2016
[s]
blackpanda:


Why did u not sing true federalism during the 6yrs of jonathan's regime?? Its now u suddenly woke up from slumber to sing federalism. Keep supporting vandals and hooligans, we will all suffer the blackouts, nofuel, poverty and no jobs together! Soon u wont have light or foe to be commenting on NL, na dat time ur eye go open. Smh
[/s]
True federalism is the key. I thought you guys want this govt to succeed?

33 Likes 2 Shares

Re: Foreign Refineries To Stop Buying Nigeria’s Crude Oil Due To NDA Attacks by amoduganja: 9:48am On Jun 09, 2016
e
Re: Foreign Refineries To Stop Buying Nigeria’s Crude Oil Due To NDA Attacks by Tonnierichy(m): 9:50am On Jun 09, 2016
stanech:


Buhari - I will crush Niger delta avengers
.
Next week
.
Niger delta avengers bomb pipe line
.
Buhari - Our army re ready to crush them
.
Next 3days Niger delta avengers bomb 3 pipe lines
.
Military - Niger delta avengers, Dont push us to crush u.
.
Next 2days, small Niger delta killed 30 and 3 navy men.
.
Military - They are killing our men, we will attack.
.
Buhari - I'm going to Ogoni land and Niger delta avengers
will not do anything.
.
Small Niger delta avengers - Buhari before coming to port
harcourt or any state in Niger delta, sign ur death warrant
.
Buhari - I get ear infection, I no fit go again, where is
Osinbajo, u know say na me get International trip and u get
local trip, oya go Niger delta ok
.
Osinbajo - but Sir
.
Buhari - shut up, begin go, I get ear problem, I no dey hear
u.
.
Small Niger delta - We re going to test 6missle on 7th of
June, we will shut down all d network and we might target
aso rock, if u dont release nnamdi kalu and other things we
asked from u.
.
Buhari - Obasanjo come and help me,
.
Obasanjo- abeg I no fit
.
Buhari - Goodluck forgive me, Pls beg Niger delta avengers
.
Good luck - I no fit, Just fake sickness and run away cos on
7th,these boys must catch u and ur life wont be d same
again.
.
Breaking news- Buhari heads to London for medical
treatment .
Buhari see Biafrans and Avengers for your back!!! .
Haha you never see anything .
All this epistle only highlights your level of joblessness.
Instead of you to be bothered about getting employed and coming less to nairaland, ur wishing worse for yourself
I pity your future

5 Likes 1 Share

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