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Nairaland Forum / Nairaland / General / Politics / NNPC Shops For $1bn Loan To Revamp Port Harcourt Refinery (14080 Views)
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NNPC Shops For $1bn Loan To Revamp Port Harcourt Refinery by Islie: 5:44pm On Jan 08, 2021 |
Afreximbank backs financing deal The Nigerian National Petroleum Corporation (NNPC) is in talks to raise about $1 billion in a prepayment with trading firms to refurbish its largest refining complex at Port Harcourt. The Port Harcourt complex consists of two plants with a combined capacity of 210,000 bpd. In 2019, the Port Harcourt plants including other refineries lost some N167 billion ($439.47 million). https://www.newtelegraphng.com/nnpc-shops-for-1bn-loan-to-revamp-pharcourt-refinery/ 1 Share
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Re: NNPC Shops For $1bn Loan To Revamp Port Harcourt Refinery by Nobody: 5:46pm On Jan 08, 2021 |
This loan na loot O. 96 Likes 2 Shares |
Re: NNPC Shops For $1bn Loan To Revamp Port Harcourt Refinery by Azmanaty: 5:47pm On Jan 08, 2021 |
Nigeria's petroleum minister + all supporters will not die well. Vultures will feed on their carcass. Foolish incompetent mofos 111 Likes 3 Shares |
Re: NNPC Shops For $1bn Loan To Revamp Port Harcourt Refinery by kalu61(m): 5:47pm On Jan 08, 2021 |
If China no take over this country by 2023 make l know weti cause am. Another loan when FG is now stealing citizens money 54 Likes 2 Shares |
Re: NNPC Shops For $1bn Loan To Revamp Port Harcourt Refinery by ednut1(m): 5:48pm On Jan 08, 2021 |
Just use the place for bomb testing. Should be closed down. To think it was sold to Dangote by obasanjo. But the dullard yar adua reversed the sale. https://www.google.com/amp/s/www.vanguardngr.com/2015/07/how-yaradua-was-pressurised-to-revert-refineries-sold-to-dangote-obasanjo/amp/ 8 Likes 2 Shares |
Re: NNPC Shops For $1bn Loan To Revamp Port Harcourt Refinery by Kriss216: 5:53pm On Jan 08, 2021 |
To be frank, give guys in Bunkery business $100Million, they’ll build a world class refinery for you. I’ve visited most Bunkery sites, believe me, those guys are really good. With local and little equipments, they can produce all petroleum products with just firewoods. 96 Likes 3 Shares |
Re: NNPC Shops For $1bn Loan To Revamp Port Harcourt Refinery by CodeTemplar: 5:54pm On Jan 08, 2021 |
How much is a brand new one? 20 Likes |
Re: NNPC Shops For $1bn Loan To Revamp Port Harcourt Refinery by BeeBeeOoh(m): 5:54pm On Jan 08, 2021 |
ednut1:If Yar'adua is a dullard, then God help Buhari 14 Likes |
Re: NNPC Shops For $1bn Loan To Revamp Port Harcourt Refinery by Nobody: 5:56pm On Jan 08, 2021 |
Lol, how much (in dollars) is nnpc as a company worth that it should be giving 1billion dollars IN LOAN to revamp a refinery that wouldn't supply 10% the nation fuel demand even when running on full capacity? What (in dollar) was nnpc revenue for the last fiscal year? How much profit has it made in the last 10years? Atiku suggested that this nnpc be privatized and people who hasn't benefited 1naira since the day nnpc was created jumped on him. Guess what?? That idea didn't even come from atiku! It came from same place where the idea to privatize of telecom industry came from. Personally, I believe atiku is to dumb to think of something that good. Maybe he wouldn't even privatize it if elected cause its more corruption profitable to keep nnpc this way than make it go to private hands. Back to the main discussion, the FG is the viable to get any loans it want to insofar as it credit ratings looks good for the foreseeable future and it bonds continue to yield profit. That said, using a fake badly run political company like nnpc as a decoy to get loans is foolish! FG, you go get loans if you want loans! Stop deceiving yourselves with fake nnpc project!!! No loan giving institution would risk 50kobo in nnpc. NONE!! 14 Likes 3 Shares |
Re: NNPC Shops For $1bn Loan To Revamp Port Harcourt Refinery by ednut1(m): 6:01pm On Jan 08, 2021 |
BeeBeeOoh:buhari is on another level of dullness 22 Likes 1 Share |
Re: NNPC Shops For $1bn Loan To Revamp Port Harcourt Refinery by Goodtimesahead(f): 6:06pm On Jan 08, 2021 |
Another looting 15 Likes |
Re: NNPC Shops For $1bn Loan To Revamp Port Harcourt Refinery by BeeBeeOoh(m): 6:16pm On Jan 08, 2021 |
ednut1:Nawa oh! The dullness of Buhari makes dullness dull. Chai! God help Nigeria 16 Likes 1 Share |
Re: NNPC Shops For $1bn Loan To Revamp Port Harcourt Refinery by Racoon(m): 6:20pm On Jan 08, 2021 |
Another scam! Which refineries? Criminals! The ones that have not refined any crude oil but have consumed so much billions despite the TAM on these moribund refineries? 26 Likes 2 Shares |
Re: NNPC Shops For $1bn Loan To Revamp Port Harcourt Refinery by Racoon(m): 6:21pm On Jan 08, 2021 |
BeeBeeOoh: 7 Likes 1 Share |
Re: NNPC Shops For $1bn Loan To Revamp Port Harcourt Refinery by King2019(m): 6:21pm On Jan 08, 2021 |
Wait oo which kain country I dey so? 5 Likes |
Re: NNPC Shops For $1bn Loan To Revamp Port Harcourt Refinery by King2019(m): 6:22pm On Jan 08, 2021 |
ednut1: That is big disrespect to the word DULL Pls create something new for BMC Bubu 7 Likes |
Re: NNPC Shops For $1bn Loan To Revamp Port Harcourt Refinery by Enudapan: 6:23pm On Jan 08, 2021 |
Nah eh! No qualms This is so unsophisticated Next thing now The will start borrowing from China We already know It's next level of borrowing 1 Like |
Re: NNPC Shops For $1bn Loan To Revamp Port Harcourt Refinery by davillian(m): 6:23pm On Jan 08, 2021 |
Loan kill all of una there . 6 Likes |
Re: NNPC Shops For $1bn Loan To Revamp Port Harcourt Refinery by solmusdesigns: 6:24pm On Jan 08, 2021 |
This people just loot anyhow 6 Likes |
Re: NNPC Shops For $1bn Loan To Revamp Port Harcourt Refinery by tunapawizzy: 6:24pm On Jan 08, 2021 |
no amount of rehabilitation can guarantee 70% production capacity before it starts giving way again..............use the money to build 2 new modular refineries preferrably 1bn$ can build 3 proper farm settlements...with storage facilities, proper roads to the farm settlement, irrigation systems, other farm infrastructures needed 1 Like 1 Share |
Re: NNPC Shops For $1bn Loan To Revamp Port Harcourt Refinery by gungab(m): 6:24pm On Jan 08, 2021 |
Not again � 4 Likes |
Re: NNPC Shops For $1bn Loan To Revamp Port Harcourt Refinery by datola: 6:24pm On Jan 08, 2021 |
Ah |
Re: NNPC Shops For $1bn Loan To Revamp Port Harcourt Refinery by flexd99(m): 6:24pm On Jan 08, 2021 |
Not surprised, the funds that could salvage them has been looted BTW, It's a new year Contact us for anything UK used Laptops Contact in signature |
Re: NNPC Shops For $1bn Loan To Revamp Port Harcourt Refinery by owobokiri(m): 6:24pm On Jan 08, 2021 |
How many BILLIONS have they spent on this Portharcout refinery from Obasanjos regime to Buharis? Them no dey tire to use this very refinery to dupe Nigerians? 4 Likes |
Re: NNPC Shops For $1bn Loan To Revamp Port Harcourt Refinery by Xcelinteriors(f): 6:24pm On Jan 08, 2021 |
It is well We have quality 3D wallpaper at 2800 per roll Check signature for pictures |
Re: NNPC Shops For $1bn Loan To Revamp Port Harcourt Refinery by HeadShot: 6:25pm On Jan 08, 2021 |
Borrow borrow Government.... Buhari destiny is to impoverish Nigeria and put her in eternal debt.... While yoruba muslims cheer him on... 7 Likes |
Re: NNPC Shops For $1bn Loan To Revamp Port Harcourt Refinery by JoeEeL(m): 6:25pm On Jan 08, 2021 |
After all d money they've looted. Nigerians are just a group of directionless ants to them. Not until the people wise up. 2 Likes |
Re: NNPC Shops For $1bn Loan To Revamp Port Harcourt Refinery by fubsy: 6:25pm On Jan 08, 2021 |
Why did the Nigerian government wait this long after further deterioration of the refinery for the revamp? SMH! 3 Likes |
Re: NNPC Shops For $1bn Loan To Revamp Port Harcourt Refinery by merits(m): 6:25pm On Jan 08, 2021 |
Islie:Loanigeria on it again. 1 Like
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Re: NNPC Shops For $1bn Loan To Revamp Port Harcourt Refinery by bayelsaowei(m): 6:26pm On Jan 08, 2021 |
..useless country |
Re: NNPC Shops For $1bn Loan To Revamp Port Harcourt Refinery by Rochero(m): 6:26pm On Jan 08, 2021 |
This country is running on a deficit |
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