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Nnpc To Market Refined Products In Usa, Brazil by maimalari: 6:14am On Jan 06, 2011 |
The Nigeria National Petroleum Corporation (NNPC) is to begin marketing of refined oil to the United States(U.S), Brazil and other parts of the world to boost the revenue base of the corporation. Its Group Managing Director Mr Austen Oniwon, stated this in Brasilia on Wednesday. He said the corporation, which hitherto had been exporting crude oil to the U.S., had concluded arrangements with Brazil’s Oil company, Petrobras, toward the realisation of this objective. He said the NNPC had since indicated its interest to invest in Petrobras’s plan to expand its refinery in Texas, U.S., from 100,000 barrels to 200,000 barrels per day. "We indicated to them our interest to partner with the company to have an outlet into American market instead of exporting just crude to the American market. "We can take Nigerian crude, which is also going into American market anyway, into this refinery, process and sell as value added product into the American market. "This is something that is going to be beneficial to NNPC and Nigeria as a country," he said. Oniwon told the News Agency of Nigeria (NAN) that the NNPC and Petrobras had concluded discussion to enter into a relationship in the areas of oil exploration and production, refining and petro- chemical, oil marketing and trading, gas and power development as well as research and development. He said officials of Petrobras would be coming to Nigeria in February to sign a Memoranda of Understanding (MOU) with the NNPC for the take off of the partnership. "They (Petrobras) hope that we will be able to jointly explore the vast hydro carbon deposit in Nigeria especially in the deep offshore since the MOU is going to embrace worldwide operations. "As partners, we will be able to join Petrobas to operate in their businesses and share their assets outside Nigeria," he added. The GMD said he hoped that the MoU would also enable Nigeria to develop its gas sector for the smooth operation of the various power plants being constructed in the country. According to him, President Goodluck Jonathan has focused on the development of power plants in Nigeria and most of these would be driven by gas. He, therefore, stressed the need for Nigeria to develop its gas sub-sector, primarily for domestic consumption to power the power sector. Oniwon also said he was optimistic that the MoU would address the challenges of infrastructural deficiencies in the nation’s oil and gas sector. "We need partners because the infrastructure that is going to deliver this gas to the various power plants is inadequate at the moment and their provision is going to cost a lot of money. "But with the new government policy whereby the cost of power has been reviewed upward, it has made business and investments in gas project very lucrative "We believe that Petrobras will be eager to join with NNPC to develop the gas resources primarily for domestic use and for export because they are also short of gas in Brazil," he said. |
Re: Nnpc To Market Refined Products In Usa, Brazil by maimalari: 6:17am On Jan 06, 2011 |
thenationonlineng.net/web3/mobile/news/23894.html |
Re: Nnpc To Market Refined Products In Usa, Brazil by maimalari: 6:23am On Jan 06, 2011 |
I know petrobras as Theophilus Danjuma's company. Chei,these people have built refineries abroad instead of in Nigeria, thereby denying jobs to Nigerians and exporting our cash. Now they want to start exporting our crude oil for free. This nation is heading for doom. |
Re: Nnpc To Market Refined Products In Usa, Brazil by ekubear1: 12:59am On Jan 07, 2011 |
maimalari: |
Re: Nnpc To Market Refined Products In Usa, Brazil by Nobody: 1:02am On Jan 07, 2011 |
maimalari: Google would do you a lot of good the next time you want to type this kind of fallacy |
Re: Nnpc To Market Refined Products In Usa, Brazil by olaolabiy: 1:05am On Jan 07, 2011 |
maimalari: What are you talking about? The same petrobras that issued shares of $67billion recently. It is their national oil company man. Theophilus ko, Mathew ni. |
Re: Nnpc To Market Refined Products In Usa, Brazil by SEFAGO(m): 1:31am On Jan 07, 2011 |
I know petrobras as Theophilus Danjuma's company. Oh my only in Nigeria We own everything |
Re: Nnpc To Market Refined Products In Usa, Brazil by maimalari: 8:08am On Jan 07, 2011 |
ola olabiy: The interest of that company in Nigeria has all to do with danjuma. Remember they partnered with danjuma in his oil block. |
Re: Nnpc To Market Refined Products In Usa, Brazil by vorosmartm(m): 9:49am On Jan 07, 2011 |
maimalari:Guy correct yourself before I give you slaaaaaaaap Go and look up that company, you should be saying they are help dumb Danjuma to exploit his well not that he owns the firm. I can even swear that dude cannot afford to be a majority share holder talk of him owning the company. If he does, then He's by far the richest man in africa and will make top 5 globally |
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