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Nairaland Forum / Nairaland / General / Politics / Nigerian Refineries Roar Back To Life (10117 Views)
Two Nigeria’s Refineries To Restart Production Before End Of Dec. 2015 –minister / Nigerian Refineries To Resume Production In July 2015 / Sijuade, Akure : Massive Roar When Result Announced (2) (3) (4)
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Re: Nigerian Refineries Roar Back To Life by ayoJ21(m): 7:13pm On May 04, 2013 |
10.2M litres=ow many barrels of oil |
Re: Nigerian Refineries Roar Back To Life by kaboninc(m): 7:26pm On May 04, 2013 |
Frank-C: Pls tells him in case he doesn't cares to think! |
Re: Nigerian Refineries Roar Back To Life by kaboninc(m): 7:30pm On May 04, 2013 |
cecegorz: Are you kidding me? Maybe you should drive, walk, fly or better still trek and ask those women why they are queuing up even in pains to buy the 'till God knows when' the kerosine will be available. |
Re: Nigerian Refineries Roar Back To Life by ewet: 7:39pm On May 04, 2013 |
So when do we expect the pump price of petrol to come down? |
Re: Nigerian Refineries Roar Back To Life by Nobody: 7:54pm On May 04, 2013 |
ewet: So when do we expect the pump price of petrol to come down?Lol... Is that the reason why the subsidy was removed in the first place? I think it will not. It will only reduce scarcity of the product. |
Re: Nigerian Refineries Roar Back To Life by Isewa: 8:23pm On May 04, 2013 |
Can someone please tell me the quantity of fuel we need daily for local consumption. If it is close to the number of litres our oga at the top claims we refine locally, then why are we still talking about SUBSIDY again? 2 Likes |
Re: Nigerian Refineries Roar Back To Life by Fhemmmy: 9:21pm On May 04, 2013 |
Election is around the corner . . . "Statistics" will find its way to be coming out 1 Like |
Re: Nigerian Refineries Roar Back To Life by FrankC3: 9:30pm On May 04, 2013 |
Fhemmmy: Election is around the corner . . . "Statistics" will find its way to be coming outElections that will hold around February 2015 is around the corner in May 2013? Are you even aware that GEJ has not gone half way into the tenure he swore to serve? The problem is that you people wrote him off too early, aided by a loud but empty opposition. By the 3rd quarter of 2014, most people will be so ashamed to identify themselves as ACN/CPC/APC members, most of their lies having been burst. 2 Likes |
Re: Nigerian Refineries Roar Back To Life by emmatok(m): 10:26pm On May 04, 2013 |
Frank-C: You just showed your true colors as a politician. I thought you were unbiased. 2 Likes |
Re: Nigerian Refineries Roar Back To Life by solomon111(m): 10:32pm On May 04, 2013 |
emmatok:you are actually the biased one here. 2 Likes |
Re: Nigerian Refineries Roar Back To Life by tinkinjo: 10:54pm On May 04, 2013 |
ayoJ-21: That was my first thought when I saw the news...discovered somewhere that 159ltrs = 1 barrel... if true then someone somewhere thinks Nigerians are really dumb...with a capacity for 400,000 barrels, below 70,000 barrels is refined...and our newsmen can't do this simple arithmetic...SMH 1 Like |
Re: Nigerian Refineries Roar Back To Life by emmatok(m): 10:58pm On May 04, 2013 |
solomon111: you are actually the biased one here. How? Show me. |
Re: Nigerian Refineries Roar Back To Life by Rossikk(m): 11:25pm On May 04, 2013 |
tinkinjo: So what if it's 70,000 barrels a day that's refined? That's a reasonably high figure considering local demand. I doubt our local demand is up to 200,000 barrels a day. So we still need to import refined crude to make up the shortfall in supply. The bulk of the oil we produce will always be exported as crude oil. We only need to refine what we consume here, including businesses. 1 Like |
Re: Nigerian Refineries Roar Back To Life by Abbott(m): 11:40pm On May 04, 2013 |
10million ko 10billion ni... Them go steal am?? 1 Like |
Re: Nigerian Refineries Roar Back To Life by ojoyentalk: 11:46pm On May 04, 2013 |
Isewa: Can someone please tell me the quantity of fuel we need daily for local consumption. If it is close to the number of litres our oga at the top claims we refine locally, then why are we still talking about SUBSIDY again? About 33 million L/D 2 Likes |
Re: Nigerian Refineries Roar Back To Life by Parnassuss(m): 1:47am On May 05, 2013 |
4 Play: Why do people think that having refineries in Nigeria will bring down the pump price of fuel? It may even be cheaper to import refined fuel than to refine it locally. Most products tend to be cheaper to import than to source domestically as foreign producers are more efficient and operate in a lower cost business environment. ?..what u are saying that irrespective of the fact that a product is sourced and developed locally, it is still subject to international prices? Maka why my brother, please teach me this economic principles that states oil prices must follow the international bench mark! 1 Like |
Re: Nigerian Refineries Roar Back To Life by ewet: 8:48am On May 05, 2013 |
all4naija: Lol... Is that the reason why the subsidy was removed in the first place? I think it will not. It will only reduce scarcity of the product. Wht scarcity are you talking abt.If we have surplus supply then there shuld be commensurate reduction in the pump price.You cannot tell me tht it is still cheaper to import fuel than refining locally. The cost diffrencials shuld reflect in the selling price. 1 Like |
Re: Nigerian Refineries Roar Back To Life by sean079: 8:53am On May 05, 2013 |
[/quote][color=#006600][/color][quote author=SLIDE waxie]Immediately i saw d name of d OP, my interest to comment and commend this matter jes disappear for my stomach! |
Re: Nigerian Refineries Roar Back To Life by londoner: 9:03am On May 05, 2013 |
A step in the right direction..... |
Re: Nigerian Refineries Roar Back To Life by PAPAAFRICA: 9:20am On May 05, 2013 |
damn yall dont believe nuttin huh? |
Re: Nigerian Refineries Roar Back To Life by 4Play(m): 11:16am On May 05, 2013 |
Parnassuss: Because the cost includes foregone export revenue when we send barrels of crude oil to local refiners. Each barrel earns us about $100 when we export it not factoring in the oil coys share. When we don't export, that itself is a cost unless the oil is sold to the local refiner at the price we would have sold it to the foreign buyer. If its cheaper to refine crude abroad and bring it back to Nigeria, refining it at home won't necessarily be best if the foregone export revenue exceeds our subsidy and our local refining operating costs. Remember, each barrel you refine locally is a barrel you don't export. 1 Like |
Re: Nigerian Refineries Roar Back To Life by mfm04622: 2:42pm On May 05, 2013 |
chizel: Each time these bad belles who will never see anything gud in wht GEJ is doing to make life better for Nigerian talk,i ask myself this question(wht do they actually want?)as far as am concern GEJ is the best president that Nigeria ever had,if anyone has a contrary opinion on wht I said let him say it,and come to think of it,GEJ has barely done 2yrs as president even with bokoharam distraction and he is performing all this wonders,abeg 3gbosa for GEJ.GEJ our man for 2015.Everything and I mean everything good that GEJ is laying claim to were initiated by his predecessors. OBJ sold the refineries a day before leaving, Umaru cancelled the sale and AWARDED the TAM of the refineries. Improvement in power supply is due to investments done by OBJ. Improvement in the railway was due to investments by OBJ. Wake up!!!! We all know 2 years is to small for us to enjoy investments in major infrastructure. What we are enjoying are the work of previous governments. Let GEJ too start his own investments instead of concentrating all his attention on 2015 election |
Re: Nigerian Refineries Roar Back To Life by Lawalkay(m): 3:18pm On May 05, 2013 |
I keep wondering if 5.3m of kero now claimed to be refined locally is distributed to 36states and fct equally. That with my calculator gives me 143,243.24Lts daily. Divide this by 33000lts for a tanker load amount to 4.34tankers daily in each state. As 4 me I no see tanker talk less of kerosene. Where are the product. Some filling station kerosene pump in my state has not work for years. Only mega station sells once in 2wks not up to 15000lts in benin. What we need is kero the mases to cook. In this forum. Ours should be what we can see and not the |
Re: Nigerian Refineries Roar Back To Life by kaboninc(m): 4:06pm On May 05, 2013 |
mfm04622: Honestly I think its you who needs to wake up because not only are you dreaming, you're way backward. Its people like you who champion the littering of uncompleted projects here and there. Let me help if....the president is not only building on what was laid down, he's refining it, bringing in competence, accountability and transparency. In addition, he's bringing in efficiency all to improve our lives, and reduce corruption. The empty vessel makes the loudest noise which in turn, makes one not enjoy the music. 1 Like |
Re: Nigerian Refineries Roar Back To Life by lacidi: 9:39am On May 06, 2013 |
koruji: 170,000 bbls/day produces about 13 million litres/day of petrol. I thought you people understood.Oga mathematician, did you conviniently forget Diesel and Kerosine? The same crude oil is used to refine diesel and kero, so why did you restrict your mathematical analysis to only Petrol? |
Re: Nigerian Refineries Roar Back To Life by koruji(m): 10:19am On May 06, 2013 |
Oga can't read, that is why I divided by 2 at the end to get 13 mil of petrol. The othet 13 or so would be diesel, kerosene and other products. Get it now! lacidi: |
Re: Nigerian Refineries Roar Back To Life by Rossikk(m): 9:31pm On Jul 05, 2013 |
babe_online: Rossikk, thanks for the good news. You're welcome babe. |
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