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‘nil From 2017-2022, $2bn In 2023’; Sudden Surge In Petroleum Import From Malta' - Politics (5) - Nairaland

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Sayyu Dantata Imports Fuel From Malta / Abdulkabir Adisa Aliu Imports Petrol From Malta, Russia - TheCable / Siemens Power Initiative: FG Investing $2bn In Distribution, Transmission (2) (3) (4)

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Re: ‘nil From 2017-2022, $2bn In 2023’; Sudden Surge In Petroleum Import From Malta' by caye(m): 6:34am On Jul 26
Druss:
Reading up on Malta. I see it is one of the more corrupt nations in Europe.
Yes o.
You just reminded me.
A woman journalist on Malta was car-bombed around 2021-2022; for trying to expose corruption in that nation.
She was burned to death.

Behind their smiley-faces, is a crooked demon.

But you won't believe it, the most corrup nations in Europe is : Switzerland, Britain and France; apart from those crazy Ukraine.
This is however the kicker: they corrupt other nations, they don't want it in their own country.

1 Like

Re: ‘nil From 2017-2022, $2bn In 2023’; Sudden Surge In Petroleum Import From Malta' by Blitzerz: 6:40am On Jul 26
FreeStuffsNG:
Petrol is cheap to buy and import from Malta because most oil companies are aware that it's cheaper to refine and produce Petroleum products in Malta.

If it gets expensive tomorrow, Petrol importers and refiners will go elsewhere. Watch out for Venezuela in few months time.

May God bless Nigeria for ever! Check my signature for free stuffs!
Continue defending nonsense

3 Likes

Re: ‘nil From 2017-2022, $2bn In 2023’; Sudden Surge In Petroleum Import From Malta' by poseidon12: 7:01am On Jul 26
malali:


USA has actually granted India, the license to buy crude oil from Venezuela recently to prevent them buying from Russia and indirectly funding the war in Ukraine.


How can US grant India license to buy crude oil from another country? Is US the owner of the crude oil in Venezuela?
Re: ‘nil From 2017-2022, $2bn In 2023’; Sudden Surge In Petroleum Import From Malta' by gare(f): 7:03am On Jul 26
Islie:
Nil from 2017-2022, $2bn in 2023’ — the sudden surge in Nigeria’s petroleum imports from Malta




https://www.thecable.ng/nil-from-2017-2022-2bn-in-2023-the-sudden-surge-in-nigerias-petroleum-imports-from-malta/amp/

Are we so cursed in getting our refineries working
Re: ‘nil From 2017-2022, $2bn In 2023’; Sudden Surge In Petroleum Import From Malta' by poseidon12: 7:04am On Jul 26
malali:


Yes, we want to save money, But we are not planning moving from frying pan to fire. We dont plan to give one business man with monopolistic business antecedents all the profit from crude oil sales to one business man.

Then the government should encourage other Nigerians to establish more refineries. You don't prevent monopoly by destroying someone's investment. Don't be an enemy of progress.
Re: ‘nil From 2017-2022, $2bn In 2023’; Sudden Surge In Petroleum Import From Malta' by poseidon12: 7:10am On Jul 26
malali:


Crude Oil is more than just NNPC
1-Crude Oil sales is the generator of revenue for the whole country- the whole 36 states.
2-We don't provide enough crude to fulfill export OPEC quota and local refineries existing before Dangote.
3-The crude market is the world most recognized international commodity market.

4-Nigeria has the right to determine who they sell and buy crude from without any subjugation or coercion.
5-A lot of countries producing crude and exporting also import e.g USA, the crude they produce is not best suited for their refineries, so they export and import the Saudi crude in return, so crude trading is bilateral
6-Nigeria has established trading relationships with some crude buyers internationally for over 30 years, if we stop all of them and sell to dangote today and tomorrow dangote decides to not buy from Nigeria, it will be difficult to re-establish selling to our "plugs" because they might have found other customers.

7-Dangote refinery being a private business entity should source his crude from open market, make petrol and then we are sure of his capacity to function before doing business with him. Building a refinery and effectively running it are 2 different things.
8-If we get involved in Dangote refinery too early, he might use the Nigerian government to run his refinery.Because he is going to need funding and logistics to run the refinery.


Dangote Refinery is still a private business and must be treated as such. Crude oil sale is what the whole Nigeria depends on, we cannot give it to "one person" it doesnt make business sense or protect our sovereignty as a country.

Nonsense.
Re: ‘nil From 2017-2022, $2bn In 2023’; Sudden Surge In Petroleum Import From Malta' by ChybuzzDD(m): 7:13am On Jul 26
Nice2023:



U don't know much about the news.

It is not what u think.

The idiot knows but decided to put up a stupid defence as he is aware the culprits are within his favourite APC party

2 Likes 1 Share

Re: ‘nil From 2017-2022, $2bn In 2023’; Sudden Surge In Petroleum Import From Malta' by malali: 7:19am On Jul 26
poseidon12:


I lack the intellect to make sense of this or present a counter argument..
Re: ‘nil From 2017-2022, $2bn In 2023’; Sudden Surge In Petroleum Import From Malta' by malali: 7:23am On Jul 26
poseidon12:


Then the government should encourage other Nigerians to establish more refineries. You don't prevent monopoly by destroying someone's investment. Don't be an enemy of progress.

No one is destroying any business, when he built his refinery there was no written agreement that the government must sell him crude or buy petrol from him. There is crude in the market internationally and there are petrol buyers as well. He is a business man. He doesn't need the Nigerian government as customer by force.
Re: ‘nil From 2017-2022, $2bn In 2023’; Sudden Surge In Petroleum Import From Malta' by malali: 7:24am On Jul 26
poseidon12:



How can US grant India license to buy crude oil from another country? Is US the owner of the crude oil in Venezuela?

If i educate you on how these works, you have to pay me. But if you read up on current Venezuela sanctions, then you can stay informed for free.
Re: ‘nil From 2017-2022, $2bn In 2023’; Sudden Surge In Petroleum Import From Malta' by malali: 7:26am On Jul 26
jayce232:

I have no shame !
They don't want to support dangote because refining crude in Nigeria will end their subsidy scam which will reduce fuel price. Evil beings. Fuel is now selling for 850 naira at fuel stations.

Good for you.
Re: ‘nil From 2017-2022, $2bn In 2023’; Sudden Surge In Petroleum Import From Malta' by Foodhub2023: 7:27am On Jul 26
VikingKing:


You will defend the devil himself as long as he's willing to pay you. Where are the imaginary dollars you once said we will save from subsidy? How much is the naira which you said will gain massively when the imaginary dollars start trickling in? Your own na to just dey form expert on every topic when you know absolutely NOTHING! What's up with the dollars you said we will save after Binance? Empty barrel!

Please check my profile for the real free stuffs grin
Not forming expert but opening mouth without control..... I pity for those who follow him with all imaginary statistics

1 Like

Re: ‘nil From 2017-2022, $2bn In 2023’; Sudden Surge In Petroleum Import From Malta' by malali: 7:27am On Jul 26
RepoMan007:
I am a mental case.

Get well soon.
Re: ‘nil From 2017-2022, $2bn In 2023’; Sudden Surge In Petroleum Import From Malta' by ncoolsome(m): 7:28am On Jul 26
Buharidgeneral:
The evidence is everywhere now

And before 2017 ??keep reading Nigerians half baked news..

1 Like

Re: ‘nil From 2017-2022, $2bn In 2023’; Sudden Surge In Petroleum Import From Malta' by malali: 7:29am On Jul 26
tete7000:


Abeg make una leave Dangote alone. Una get four refineries, the government you want to use to control Dangote can't make one work despite the huge overhead cost they incur in paying refineries workers. They all steal money and stash abroad while Dangote invest here and get people employed. Yet you want these greedy lots to watch Dangote. Who loves you more, Dangote or those in government who steals the commonwealth to stupor and impoverish you without investing a dine back?

You make good points i agree, the part where he hires local labor.
And choosing between the devil and the deep blue sea.
But hopefully we have a better government that will fix the government refineries before we put all the profit of the whole country in one mans pocket.
Re: ‘nil From 2017-2022, $2bn In 2023’; Sudden Surge In Petroleum Import From Malta' by malali: 7:46am On Jul 26
MrBrownJay1:


come on bro, OFF COURSE DANGOTE IS IN IT FOR MONEY, why would you think he will invest his hard earned $20B, if not for profit? the catch is that, in doing so, he will most definitely also help NIGERIA (who are failing miserably with its 4 yeye refinery) and help NIGERIANS get lower prices for fuel....
now sadly, you are using your misplaced emotions to believe that its cheap to manufacture cement and/or to transport it etc. just because someone goes into an industry today, doesnt mean that prices are gonna stay the same forever.... prices of EVERYTHING is more expensive today, but there is a limit to it. the reason why all food in Nigeria are expensive is because of outrageous price of fuel, so when Nigeria get cheaper fuel (which they should get with baba Dangote) then automatically price of transporting that same food will crash, thus bringing food back to its normal price.

explain to me how price of cement should be cheapest in the world in Nigeria...especially when
A) mining for the raw material needed to create cement (limestone/gypsum) has gone sky-high in the last 10years.
B) price of diesel goes up so the price to run all the machinery to create cement goes up too
C) where do you think all the machinery to manufacture cement come from (if not abroad)? so with imported machinery and imported spare arts to repair these machineries (that you pay in Dollars), you need to understand that the price of that same dollar will impact cement production too
D) inflation plays a big part in this equation too... so just as anything else out there, price of cement has to follow the market trend. dont blame Dangote for that, blame the Nigerian gov.
E) since you claim Dangote has a monopoly on cement in Nigeria, abeg, do tell us how much are the prices of Lafarge cement, BUA Cement or UNICEM Cement? are they any cheaper than Dangote own? if it was only a Dangote issue (and not a market issue), then all other cement manufacturers in Nigeria would be half price cheaper than Dangote cement na (and people would by the other cement brands and not Dangote own)... better yet, why should the profit of DANGOTE CEMENT (aka something he manufactures himself) go to Nigerians?!?!?!

BUT MOST IMPORTANTLY, please, explain to me, as if i was a 5yr old child, how on earth will Dangote pocket all the profit "at the detriment of Nigerians"? the gov still makes the exact same profit from Dangote that they would make if/when they use foreign refineries anyway (the catch is that Dangote's refinery is in Nigeria and no international transaction nor middle men will be needed, thus making the process cheaper)? or do you believe Dangote gets the crude oil FOR FREE to "convert" and sell for his own pocket/profit, abi ( so now gov just give free crude oil to refineries)?!

the fact that you believe that the gov will "give crude oil to Dangote refinery scott free" instead of understanding that Dangote will have to pay for it (how can he get crude oil for free to sell for his own benefit?!?!?!?!), makes me understand you guys dont understand what a refinery does.

[b]I am well invested in the oil and gas sector in the international markets. Nigeria is about to be played, that's why i am concerned as a Nigerian.The notion that "there will be cheaper fuel in Nigeria because of Dangote refinery is a fallacy". That's the trick, oil prices per barrel are standard all over the world. So he wont be buying the crude oil for cheap. The same reasons you listed above that make the cement prices high will also come into play in the refinery. When its time to sell petrol he will 100% sell at the market prices. He will not subsidize the price at all !! That's why he is quick to say he paid for the land and he paid 20 billion USD for the refinery. Don't forget its new refinery. It has to run for at least 2 years non stop for us to be guaranteed thats its efficient enough to provide petrol at a good price. For all we know now he might be using the whole country to bring his refinery online. Once we commit we might be indirectly funding his "private business".
What i really don't understand, that makes me wary of his intentions are, Why does he need the government so much ? He has a refinery, there is crude oil available in the market,its the same price worldwide. There are petrol buyers available all over the world. Even Africa can buy all his petrol. Why doesn't he ignore Nigeria and start his business.
There is no reason his business should be dependent on Nigerian Government. Let him sell his market and make money. Lets see him run the business model efficiently before he forcefully takes the whole country as a customer.[/b]
Re: ‘nil From 2017-2022, $2bn In 2023’; Sudden Surge In Petroleum Import From Malta' by ProfKKK: 7:49am On Jul 26
Why are you so dumb. Damn shocked shocked Is Dangote Refinery or the other modular refineries getting the crude for free?? If the govt is spending tens of billions of dollars (over $25billion yearly) to import refined oil products yearly do you know what the burden will be like on the NAIRA?You are sounding like the government is dashing Dangote Refinery free crude oil. Even looking at your comments so far would you rather jobs that could have been created here in Nigeria be transferred to Malta simply because you don`t want Dangote refinery? Does Dangote refinery use up all the crude we produce or stop nigeria from selling raw crude in the international market? This is same unprogressive mentality that is killing our local industries (e.g Innoson Motors etc). Your problem is that you are so dumb that you think you are smart. Go get enlightened. Shalom
malali:


Crude Oil is more than just NNPC
1-Crude Oil sales is the generator of revenue for the whole country- the whole 36 states.
2-We don't provide enough crude to fulfill export OPEC quota and local refineries existing before Dangote.
3-The crude market is the world most recognized international commodity market.

4-Nigeria has the right to determine who they sell and buy crude from without any subjugation or coercion.
5-A lot of countries producing crude and exporting also import e.g USA, the crude they produce is not best suited for their refineries, so they export and import the Saudi crude in return, so crude trading is bilateral
6-Nigeria has established trading relationships with some crude buyers internationally for over 30 years, if we stop all of them and sell to dangote today and tomorrow dangote decides to not buy from Nigeria, it will be difficult to re-establish selling to our "plugs" because they might have found other customers.

7-Dangote refinery being a private business entity should source his crude from open market, make petrol and then we are sure of his capacity to function before doing business with him. Building a refinery and effectively running it are 2 different things.
8-If we get involved in Dangote refinery too early, he might use the Nigerian government to run his refinery.Because he is going to need funding and logistics to run the refinery.


Dangote Refinery is still a private business and must be treated as such. Crude oil sale is what the whole Nigeria depends on, we cannot give it to "one person" it doesnt make business sense or protect our sovereignty as a country.

1 Like

Re: ‘nil From 2017-2022, $2bn In 2023’; Sudden Surge In Petroleum Import From Malta' by malali: 7:53am On Jul 26
flyinnizam:
drop link or stop saying rubbish. what power does US has to tell another country not to sell oil? why didn't they stop russia not to sell their gas?

https://oilprice.com/Latest-Energy-News/World-News/Indias-Top-Private-Refiner-Gets-US-License-to-Buy-Venezuelan-Crude.html

See the link above, I hope you have the decency to apologize for accusing me of saying rubbish. I am waiting.
Re: ‘nil From 2017-2022, $2bn In 2023’; Sudden Surge In Petroleum Import From Malta' by malali: 7:54am On Jul 26
nerdjared:


Changing your account and writing with red won’t make you sound intelligent

Noted.
Thank you.
Re: ‘nil From 2017-2022, $2bn In 2023’; Sudden Surge In Petroleum Import From Malta' by ugodson(m): 7:56am On Jul 26
SmartyPants:


Tell us more... you seem to have some info!
The only way they could be exposed is if a new government immerge. No one can cast him while his father is on d sit
Re: ‘nil From 2017-2022, $2bn In 2023’; Sudden Surge In Petroleum Import From Malta' by HRMK: 8:00am On Jul 26
nnpc is been managed by criminals that must be disbanded now!
Re: ‘nil From 2017-2022, $2bn In 2023’; Sudden Surge In Petroleum Import From Malta' by malali: 8:02am On Jul 26
MrBrownJay1:


- why are you worried about monopoly if/when whatever comes out of Dangote's refinery will be cheaper than what Nigerians get today?
- if Dangote's price are more than what Nigerians are getting to day then A) why would anyone buy from him and B) it would be very easy for the gov to solve the issue (aka buy back from these yeye Malta refineries and put Dangote out of business)
- so all the profit from crude oils is better to go to foreign companies that do nothing for Nigeria instead, abi?
- for +60yrs nobody has done anything to solve the issue, suddenly ONE MAN does something to better the lives of Nigerians by investing $20B of his own money (and expect to make money out of it), and you guys have a problem with it?
- why pay a foreigner to do what a Nigerian IN NIGERIA can do just as well?!

but here is the important question: WHO CARES IF DANGOTE HAS A MONOPOLY (OR NOT), SO LONG AS HE CAN GIVE NIGERIANS CHEAPER FUEL?!


Thats the catch, there will never be cheaper petrol from Dangote refinery.......NEVER !!
Thats the "bait". After you sell him crude then the "switch" will come. The trick is called Bait and Switch.
If he can produce cheaper petrol, he doesn't need the government. Let him buy his crude oil from the open market and produce the cheaper petrol.

Nobody is stopping him from
1-Buying crude anywhere he likes.
2- Selling petrol at any price to whomever he desires.

If he brings Petrol and sells for 400 naira a liter, you think the government will stop him......NO
He is struggling to get monopoly on Day 1. Without even a proven business model, trying to cash in on the gullibility of Nigerians.
This refinery has not produced 100 litres of Petrol, instead they are struggling to corner the crude market dominant share and the petrol purchase dominant share on Day 1 of business.

If thats not the craziest business model in the world, Tell me what is !!!!
Re: ‘nil From 2017-2022, $2bn In 2023’; Sudden Surge In Petroleum Import From Malta' by Available9: 8:12am On Jul 26
VikingKing:


You will defend the devil himself as long as he's willing to pay you. Where are the imaginary dollars you once said we will save from subsidy? How much is the naira which you said will gain massively when the imaginary dollars start trickling in? Your own na to just dey form expert on every topic when you know absolutely NOTHING! What's up with the dollars you said we will save after Binance? Empty barrel!

Please check my profile for the real free stuffs grin

Why is dangote scared of competition ? What makes him think he will get free crude from the Niger Delta ? or what makes him feel that he will get crude below the OPEC price from the Niger Delta ?
Re: ‘nil From 2017-2022, $2bn In 2023’; Sudden Surge In Petroleum Import From Malta' by SmartyPants(m): 8:13am On Jul 26
ugodson:

The only way they could be exposed is if a new government immerge. No one can cast him while his father is on d sit

So how did you get your own info??
Re: ‘nil From 2017-2022, $2bn In 2023’; Sudden Surge In Petroleum Import From Malta' by lexy2014: 8:23am On Jul 26
FreeStuffsNG:
Petrol is cheap to buy and import from Malta because most oil companies are aware that it's cheaper to refine and produce Petroleum products in Malta.

If it gets expensive tomorrow, Petrol importers and refiners will go elsewhere. Watch out for Venezuela in few months time.

May God bless Nigeria for ever! Check my signature for free stuffs!

between 2017 and 2022, was petrol not cheap to buy and import from Malta?

1 Like

Re: ‘nil From 2017-2022, $2bn In 2023’; Sudden Surge In Petroleum Import From Malta' by flyinnizam(m): 8:25am On Jul 26
malali:


https://oilprice.com/Latest-Energy-News/World-News/Indias-Top-Private-Refiner-Gets-US-License-to-Buy-Venezuelan-Crude.html

See the link above, I hope you have the decency to apologize for accusing me of saying rubbish. I am waiting.
I didn't insult u directly just ur statement and also u are wrong. US sanction the companies helping with the oil sectors and individuals also. US also threatened to sanction any country who tries to buy oil from venezuela. imagine what will happen if foreign companies in Nigerian are also sanctioned to stop certain operations in and US as threaten those that buy our crude? That was what happened. not that US has right over venezuela as a country so venezuela can Still deal on oil if there are companies and countries that has balls to face US. Again I ask why can't they stop russia gas? ask yourself
Re: ‘nil From 2017-2022, $2bn In 2023’; Sudden Surge In Petroleum Import From Malta' by malali: 8:31am On Jul 26
flyinnizam:
I didn't insult u directly just ur statement and also u are wrong. US sanction the companies helping with the oil sectors and individuals also. US also threatened to sanction any country who tries to buy oil from venezuela. imagine what will happen if foreign companies in Nigerian are also sanctioned to stop certain operations in and US as threaten those that buy our crude? That was what happened. not that US has right over venezuela as a country so venezuela can Still deal on oil if there are companies and countries that has balls to face US. Again I ask why can't they stop russia gas? ask yourself

You are arguing,armed with information that i gave you,something you had no clue about,now that you have read it.....lol
Re: ‘nil From 2017-2022, $2bn In 2023’; Sudden Surge In Petroleum Import From Malta' by fashrola(m): 8:35am On Jul 26
FreeStuffsNG:
Petrol is cheap to buy and import from Malta because most oil companies are aware that it's cheaper to refine and produce Petroleum products in Malta.

If it gets expensive tomorrow, Petrol importers and refiners will go elsewhere. Watch out for Venezuela in few months time.

May God bless Nigeria for ever! Check my signature for free stuffs!

You always “chuck” your brain into topics that’s beyond your capabilities… Stick to your political hypocrisy topics and stop disgracing yourself

1 Like

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