Paraman:
And is not even as if the guy won't buy Nigerian crude in february.

Dangote can buy crude from anywhere that he wants

You guys must look for a way to justify every nonsense. Nigeria claimed to do crude oil swap because we don't have a functional refinery. Now the same Nigeria has a functional refinery but they no longer have crude...lol. Are we not back to the same point? We were importing refined products before but now we will start importing crude oil...We are bunch of idiots in this country called Nigeria even the intelligent ones are dunce

ILoveNG:


You can’t deny you don’t know them

Does Reno have sense?

[quote author=chopnaira post=128207157][/quote]and how will this now reduce the price of petroleum produced or reduce the pressure on the scarse dollars, as was tauted by the proponents of this administration, or is dangote not buying with dollars. it is Reno that seems to have lost his sense.

Stop all that nonsense reno. We know the truth.

Dangote crude is right there in lagos.
Lagos also have oil in some parts. That'd what they are taking. and since the refinery is a private company all the funds goes to the investors and owners and people involved. The NNPC is just for South South oil.. na Nigeri delta oil dey feed Nigeria. The one from lagos state and one other northern state goes to them them. You know. This is the truth!.

That's why 9ja no fit restructure.

Agboriotejoye:
What exactly is his point?

are you sure your sense has not failed?

LibertyRep:
Nigeria's crude oil cargoes have already been contracted far into the future

Is this not enough reason to be worried?

Who and who ate into future and still left us with trillions of debt to pay.

Don't expose yourself here. OPEC quota is enough reason to understand what that statement means.

FiftyFifty:
An OPEC member and the 6th largest oil producer in the world shouldn't be buying a refined product when it has no refinery, only to start buying crude now that it has a refinery. This doesn't make a slightest sense. Stop crude oil theft/bunkering and Dangote refinery will have more than it needs.

A country without refinery was swapping crude oil to import refined products due to non functional refineries....The country finally managed to have a functional refinery and suddenly same country no longer have crude oil to swap...lol rather supply to the functional refinery. They are planning to import crude oil to supply this functional refinery.
The story is the same for all sectors. Power generation 4000 to 5000 year in year out. It begs the question why should Nigerian leaders choose to sabotage the country?

ILoveNG:


Well, that’s your choice. But those he referred to are actually in existence. If you don’t see them, others do.

You guys are very stupid. How can you not see the foolishness in his post?

History555:
We keep hearing they have sold Nigeria crude well into the future. This is vague and absolute rubbish. Tell us who sold it, at what price, what quantity, which future... is it till 2030. What did they do with the money.

.

Is it not the sane crude they told us last year they are struggling to sell because of Russian cheap crude that they are pumping to the market because of sanctions

LibertyRep:
Nigeria's crude oil cargoes have already been contracted far into the future

Is this not enough reason to be worried?

Who and who ate into future and still left us with trillions of debt to pay.

Don’t you know we are still slave to the British?
They control the oil in Nigeria with the help of the northerners.

You think a white man will handover such minerals resources in Nigeria to a black man without wanting anything to do with it in the future?
That the reason many Africa countries will never develop unless we chase this monsters 👹 out of our land and trade to ourselves alone.
Dey play

FiftyFifty:
An OPEC member and the 6th largest oil producer in the world shouldn't be buying a refined product when it has no refinery, only to start buying crude now that it has a refinery. This doesn't make a slightest sense. Stop crude oil theft/bunkering and Dangote refinery will have more than it needs.

US is currently the largest exporter of LNG, it still imports crude oil, albeit I don't support Reno's tribalistic mindset, he wants subscriptions and plays into people's emotion, he is no better than a bigot

ILoveNG:


Well, that’s your choice. But those he referred to are actually in existence. If you don’t see them, others do.

you guys must be really insensitive, every concerned Nigerian were asking the same question, those questioning the decision to buy crude outside were not exclusively Igbos, I am from Edo state and I asked the same question, if you don't see anything wrong with a miserable Fool at 50 trying to gaslighting and blame everything on a particular tribe then you are just as miserable, secondly the claim that Nigeria's crude oil has been contracted into the future as an excuse cannot be accepted because the dangote refinery was planned years ago, and dangote and the nnpc should have also made plans before time for the refinery, the reason provided by Reno does not make sense.

Nauttyprof:


Don't expose yourself here. OPEC quota is enough reason to understand what that statement means.

the way you guys make it look like the dangote refinery just came up accidentally it has been decided years ago that it would start operation this year the NNpc and dangote should have finalized crude oil deals years prior, this argument does not sound logical or maybe it is half truth, or lack of foresight by both parties.

loswhite:
You guys must look for a way to justify every nonsense. Nigeria claimed to do crude oil swap because we don't have a functional refinery. Now the same Nigeria has a functional refinery but they no longer have crude...lol. Are we not back to the same point? We were importing refined products before but now we will start importing crude oil...We are bunch of idiots in this country called Nigeria even the intelligent ones are dunce

The refinery belongs to Dangote and not NNPC.

From the newly appointed unofficial PRO to Dangote.

Bobloco:
What exactly is Reno Omokri's point, and who are those people he is referring to as "so desperate to see Nigeria fail so they can get their desired secession that they lose their common sense"?

People like you, Malroux Alhajicso Princeoflagos PrinceofSarcasm indifferent12 that desires to see Nigeria fail

FiftyFifty:
An OPEC member and the 6th largest oil producer in the world shouldn't be buying a refined product when it has no refinery, only to start buying crude now that it has a refinery. This doesn't make a slightest sense. Stop crude oil theft/bunkering and Dangote refinery will have more than it needs.

Una dey overrate yourselves. Nigeria is not the 6th largest producer. We are around number 14 to 15 with our meagre 1.35 mpd.

Dangote refinery alone can consume half of Nigeria's production per day.

/
Trying to rationalize nonsense and people still applaud him. Nigerian oil is contracted well into the future so there is none for Dangote refinery but there is more than enough for oil thieves and bunkerers.

/

Nauttyprof:


Don't expose yourself here. OPEC quota is enough reason to understand what that statement means.

OPEC quota only try to limit production so as to control global pricing.

OPEC does not control who you supply or sell to once produced and Nigeria can cut her OPEC quota down anytime she wants and that would gladden OPEC because it will increase global price and benefit OPEC.

Nigeria can also increase her production above OPEC quota if she so desire.

eddyline:
This guy is trying really hard to see that he is given an appointment in this present government at all cost. He knows he miscalculated his support for Atiku

Why get an appointment and be scrutinised and evaluated by some of your former enemies? Why not just get access? Do you see Fashola lobbying to be a minister?

linearity:


OPEC quota only try to limit production so as to control global pricing.

OPEC does not control who you supply or sell to once produced and Nigeria can cut her OPEC quota down anytime she wants and that would gladden OPEC because it will increase global price and benefit OPEC.

Nigeria can also increase her production above OPEC quota if she so desire.

We don't have the capacity to meet the quota that OPEC has given us. Our quota was recently slashed from 1.7mbp to 1.38mbd because we can't meet up.

DesChyko:
Reno: Dangote Refinery bought US crude because Nigeria's crude has been purchased far into the future.

Still Reno: Dangote Refinery can purchase its crude from anywhere because it is a private establishment.

Why the fuss if it was never really meant to be a Nigerian thing then but just a private show?

Factos: Dangote will import crude with dollar purchased at N800 - N900. Local man will import for their businesses with dollar purchased at N1500. But local man should spend more time shinning teeth for every Dangote news that emerges.

That's if it's actually crude that is being imported

At the End local man still losses so whats the fuss,You see my guy,9ja matter tire person

FiftyFifty:
An OPEC member and the 6th largest oil producer in the world shouldn't be buying a refined product when it has no refinery, only to start buying crude now that it has a refinery. This doesn't make a slightest sense. Stop crude oil theft/bunkering and Dangote refinery will have more than it needs.

No. Its not about bunkering. It's about the number of active rigs. The rig is the point of crude oil extraction. And is a measure of prior/ current investment activity in the market. NGRig count was 35 in 2018 and is now
16. Although it has risen marginally by 4 over the last 2 years.

The industry needs about $50bn in investment to get to a decent rig count.

Contradiction everywhere. Nigerians where seeking for a way to solve their problems but the closer they get to the goal post, the farther they push the post.
The kind shege we go see eh.. na same marketers that hurd those products every year that distribute dangote products to Nigerians.
We never see anything.

i blame people who follow this clown or even repost him. has taken over FFK job

I still don't know why some people are crying self.

You claimed dangote is stealing oil from naija delta like he won't be paying for it.
Now he wants to buy from somewhere else also, you are still crying.

Should dangote leave his billions of dollars investment to rot because he couldn't get raw materials locally?

ribbit:
I still don't know why some people are crying self.

You claimed dangote is stealing oil from naija delta like he won't ve paying for it.
Now he wants to buy from somewhere else also, you are still crying.

Should dangote leave his billions of dollars investment to rot because he couldn't get raw materials locally?

That's why Reno said some people are enemies of Nigeria. They just want to be fed with bad news about Nigeria all day everyday. Same Dangote has brought from Nigeria and is also now buying WTI. He can spend his money anywhere he gets the best deal.

You underestimated the power of corn in his back pocket! Nigeria has no crude oil to sell, because Buhari already used it as loan well into the future to access loan for his Niger Daura railway!

And off course those with corn in their back pocket cheered then!

Dangote, alone will make sure Naira never recovers! As me why?

To buy crude, he needs dollars. When he sell the refined crude, he gets Naira!

So, Nigeria should be prepared to give him at least a monthly exchange of more than $4 billion dollars!

Naira is going to 2500ngn to a dollar......

jmoore:
Reno Omonkey, speaking from both sides of the mouth.

The clown said we should stop patronizing mtn. But he wants Dangote to use dollars to import crude oil.

The olodo wants everyone to use globacom but he doesn't want Dangote to use only Nigeria crude oil.

Agboriotejoye:
What exactly is his point?

I was expecting the idiot to throw insult and he did not disappoint, he thinks he knows all. Insulting people is the only point he tries to make

Reno Omokri is one of he most despicable scumbags born of Nigeria.
Stands for nothing, falls for anything so long as his palms are greased.
I spit on his face.

Highways:
So USA has not contracted their own oil to the future? Doesn't sound intelligent

very good question...

The stupid reno should ask himself why a country with huge untapped oil reserves cannot provide crude in country for the dangote refinery for which the NNPC has a stake in.

I am Worried that Reno isn't ashamed of the reproach this brings upon us as a nation and as a people, rather the old fool is out there defending this rubbish..