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Nairaland Forum / Nairaland / General / Politics / Reno Omokri: Why Dangote Refinery Is Buying Crude Oil From The US (38703 Views)
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Re: Reno Omokri: Why Dangote Refinery Is Buying Crude Oil From The US by hotseat: 9:23am On Jan 31 |
Thanks Mr Reno Omokri but no thanks! The trending "you go explain tire" readily comes to mind. This was not what Nigerians were made to believe when the Dangote Refinery was mooted. If your argument holds water, it therefore means that even the local refineries would have no crude oil for production. They too would have no choice but to equally import crude oil from outside our shores. We lamented that Nigeria has no business importing petroleum products if we put our refineries to work in maximum capacity. Alas, we now have to import what we have in abundance. What a calamity! What arrant illogicality! What level of criminal conspiracy to continually fleece hapless Nigerians! Dangote Refinery is a fraud! The NNPCL is a fraud! The FGN is a fraud! @hotseat 1 Like |
Re: Reno Omokri: Why Dangote Refinery Is Buying Crude Oil From The US by Johncuppa(m): 9:25am On Jan 31 |
loswhite:Sometimes you wonder if people have to lose their mind to support politicians that are making life unbearable for their subjects. Why is it so difficult for anyone to know that we're still going to where we're coming from? Last last, Dangote no send anybody, na im business im dey focus. |
Re: Reno Omokri: Why Dangote Refinery Is Buying Crude Oil From The US by nedekid: 9:28am On Jan 31 |
loswhite:Oga I taya. Everything that works in other places, once it comes to Nigeria, it has kleg. Other parts of the world, such refinary will crash prices, increase the value of currency, ensure protected supply, but when it comes our ours, it is the opposite. We were importing petrol, refinary was built to address that, now we are importing crude. If this is not juju, what is it then? ![]() 2 Likes |
Re: Reno Omokri: Why Dangote Refinery Is Buying Crude Oil From The US by AntiWailer: 9:32am On Jan 31 |
joseph1832: It is a normal business thing to have people pre order your products. Or what do think pre order means ? |
Re: Reno Omokri: Why Dangote Refinery Is Buying Crude Oil From The US by coleon(m): 9:32am On Jan 31 |
linearity:Leave the ignorant fool let him keep supporting evil. Does he even know that Nigeria has not met her OPEC quota of 1.8m BPD for over 5 years now. We are barely producing 1.3m BPD and at a time we didn't even reach 1m. So how can one ignoramus justify importing crude oil because of OPEC quota that we are not even able to meet. 1 Like |
Re: Reno Omokri: Why Dangote Refinery Is Buying Crude Oil From The US by Johncuppa(m): 9:34am On Jan 31 |
Goodvibes007: Is it not the same refinery this administration and NNPC banking on to ease the dollar scarcity and fuel hike? So they forgot the refinery will need crude. 1 Like |
Re: Reno Omokri: Why Dangote Refinery Is Buying Crude Oil From The US by chidiokay: 9:36am On Jan 31 |
Paraman: Oga, i have no business with dangote, he does not has Nigerians interest at heart and i don"t blame him, whatever the feelings is mutual However my concern & advice is to Nnpc and Govt to do what is right and stop taking Nigerians for a fool, We have the capacity to meet Dangote demands why can't work towards that,... why must everything be projected as tho mission impossible Dangote is highy excuse cos essence of business is to maximize profit, but kindly take into cognisance that dangote getting all demanded crude from NNPC won't negate is potentials to export refined crude, ... so! lets leave dangote for now and compel our govt/NNpc to do the right thing 1st, then we can pounce back on dangote later. 1 Like |
Re: Reno Omokri: Why Dangote Refinery Is Buying Crude Oil From The US by Paraman: 9:48am On Jan 31 |
chidiokay:I don't even understand what your point exactly is... You're just everywhere |
Re: Reno Omokri: Why Dangote Refinery Is Buying Crude Oil From The US by DesChyko: 9:48am On Jan 31 |
tollyboy5: David Hundeyin doesn't originate from or lives in Lagos. Talk about being the 'dumbest' 🌚 |
Re: Reno Omokri: Why Dangote Refinery Is Buying Crude Oil From The US by chidiokay: 9:50am On Jan 31 |
loswhite: What i find insultive the most is how the govt thing we can't see through there corrupt practices The dollarization of the economy is favouring the rogues in govt, and they know with dangote getting total crude from NNPC will hinder access to official fx, cos there is no way NNPC can justify selling crude to dangote in dollars, for them Naira is bad news These goes further to prove that NNPC, Govt & stakeholders don't mean well for Nigerians, they intentionally fail to impoverish Nigerians cos dollarization of the economy give them yeast profit |
Re: Reno Omokri: Why Dangote Refinery Is Buying Crude Oil From The US by joseph1832(m): 10:02am On Jan 31 |
AntiWailer:exactly what it reeks of mago-mago. When you pre-order a commodity, it is based on current price, no? So if the price now increase, are you going to cancel that order? Or the person or individual(s) who ordered will add the extra amount? |
Re: Reno Omokri: Why Dangote Refinery Is Buying Crude Oil From The US by tollyboy5(m): 10:07am On Jan 31 |
DesChyko:I can see another definition of dumbness, even Nigeria born in USA knows they're Nigeria. Hundeyin is a native Lagos badagry family name. |
Re: Reno Omokri: Why Dangote Refinery Is Buying Crude Oil From The US by zoomzoom(m): 10:08am On Jan 31 |
[quote author=chopnaira post=128207157] What NONSENSE is this O'MOCKERY yarning again?. We know all these, but can someone please tell us what has been happening to the crude reserved for our domestic Refineries over the years?. Are you now telling us that we will also import crude to refine when the MECHANICALLY COMPLETED PORT HARCOURT REFINERY finally comes on stream?. Do you all see now that our fuel problem has now morphed from NO REFINERIES TO NO CRUDE?. GOD PUNISH BAD LEADERS OF APC!!. |
Re: Reno Omokri: Why Dangote Refinery Is Buying Crude Oil From The US by Never4getU: 10:09am On Jan 31 |
Agboriotejoye: He delivered explanation to those who don't know and they got the message. |
Re: Reno Omokri: Why Dangote Refinery Is Buying Crude Oil From The US by chidiokay: 10:12am On Jan 31 |
Paraman: My stand is both Dangote and govt don't have the interest of Nigerians at heart I see your concerns are more of Dangote interest which i think is unnecessary, lets leave dangote out for now Whatever excuse Dangote has to import crude is propelled by NNpc and govt, so our focus should be on NNpc and govt to do the right thing, Should NNPC meet dangote quota, he won't have justification no more 1 Like |
Re: Reno Omokri: Why Dangote Refinery Is Buying Crude Oil From The US by xnsandrxns: 10:14am On Jan 31 |
LibertyRep:Ignorance at it's peak So you expect the country to be hawking crude oil daily and looking for buyers? Simple knowledge of international trade will tell you it is wise to secure buyers for your product in advance. That's how you can project your revenue in advance. The same way we just can't cut already established sales, the people we are selling to can't just terminate the purchase. Simple sense 1 Like |
Re: Reno Omokri: Why Dangote Refinery Is Buying Crude Oil From The US by epainos: 10:25am On Jan 31 |
Johncuppa: Why are you depending on a private business to correct the damage of decades military leaders and politicians have caused us? Are you ready to sell crude oil to him in naira also? And even give him a discount.... Your bone of contention is misplaced. Also, your "small" English compared to my plenty is just too porous. Oga, Dangote refinery na private business. |
Re: Reno Omokri: Why Dangote Refinery Is Buying Crude Oil From The US by Taich(m): 10:32am On Jan 31 |
LibertyRep: The more they try to justifiy their rubbish the more they expose themselves. That is why Naira is falling, it will be cheaper to buy fuel from Venezuela than from Dangote. |
Re: Reno Omokri: Why Dangote Refinery Is Buying Crude Oil From The US by youngreezy(m): 10:47am On Jan 31 |
epainos:at last you mentioned igbo,i was waiting for that part and you didnt disappoint me.......the stupidity comes from your mother so i am not suprised......make una dey carry SE matter for head make tinubu dey fvck una ynash dey go |
Re: Reno Omokri: Why Dangote Refinery Is Buying Crude Oil From The US by siant: 10:54am On Jan 31 |
Agboriotejoye:keep fooling yourself |
Re: Reno Omokri: Why Dangote Refinery Is Buying Crude Oil From The US by zudozz: 11:59am On Jan 31 |
[quote author=chopnaira post=128207157][/quote] This fellure cannot say anything without trying to take the igbo's present disadvantage to his own advantage n seeking favor from people in position and being in the good book of the rich. |
Re: Reno Omokri: Why Dangote Refinery Is Buying Crude Oil From The US by Goodoldays(m): 12:00pm On Jan 31 |
yakson84: It should have been “unsolicited special adviser to the President “ |
Re: Reno Omokri: Why Dangote Refinery Is Buying Crude Oil From The US by pquaver(m): 12:21pm On Jan 31 |
jmoore: Are daft or have understanding problems? I gues u just pretending to not understand what he said, i refuse to believe the former.. Did u not read where the said the crude have been contracted into the future? If u go against the contract, Nigeria stands to lose more than dangote importing fuel.. Scale of preference and risk evaluation is a basic economic principle... U should know that.. Dangote refinery is a plus to Nigeria anyway u look @ it.. 1 Like |
Re: Reno Omokri: Why Dangote Refinery Is Buying Crude Oil From The US by Zhunnurayn(m): 12:51pm On Jan 31 |
CandidAdmin: Good roads, security funding, payment of salaries, subsidies on health, education, transport, electricity etc are the impact of the borrowed money. You can't claim you are fully playing for those things. Don't begin comparisons, The government is catering for a population of a whopping 200million people. |
Re: Reno Omokri: Why Dangote Refinery Is Buying Crude Oil From The US by Mccollins042(m): 1:30pm On Jan 31 |
FiftyFifty:About 150 million barrels of crude oil has been used to borrow money that's why we cannot provide crude for dangote. It will take years to pay this dept that's if dey don't borrow another one. That is where we are |
Re: Reno Omokri: Why Dangote Refinery Is Buying Crude Oil From The US by Mccollins042(m): 1:31pm On Jan 31 |
pquaver:who contracted it? Is it not the same APC thieves? |
Re: Reno Omokri: Why Dangote Refinery Is Buying Crude Oil From The US by loswhite(m): 1:52pm On Jan 31 |
chidiokay:They are deliberately sabotaging the economy of the country. How else do you explain that a country with refinery chooses to import fuel for almost 20 years? A country with high employment Shut down it's refineries for years without declaring a state of emergency? A country with high employment deliberately generate 2000 to 4000 mega watts of energy with zero improvement for years? A country with steel company shut down the steel companies? The list goes on and on....The government and politicians are deliberately sabotaging Nigeria. |
Re: Reno Omokri: Why Dangote Refinery Is Buying Crude Oil From The US by loswhite(m): 1:58pm On Jan 31 |
nedekid:It is just crazy. Then you will see educated ppl come out to defend the outright nonsense something that is so glaring that it doesn't make sense. Then you will see followers that are suffering supporting rubbish and justifying nonsense. The one that annoys me most is the next thing you ppl that wish Nigeria bad...lol. The ppl they call obedient are ppl that just want a better Nigeria but they will attack without claiming obi as if Nigeria exchange dollars for 1500 is not affecting them. The price of rice will get to 60k they will act like thier life is ok like they have a special place that they getting food items from...it is so sad 3 Likes |
Re: Reno Omokri: Why Dangote Refinery Is Buying Crude Oil From The US by Dittodat: 2:21pm On Jan 31 |
Thanks, Reno for this explanation. Nigeria is currently made up of people with very low IQs and very poor knowledge of what's going on around the world. All they want to do is cry and wail without understanding the facts behind any story. Most just read headlines. Crud oil contracts are signed 6 months in advance. You cannot break those contracts unless you are ready to pay penalties. That's why you don't see an immediate increase in revenue even if prices of crude go up simply because any new increase in prices will still not affect the crude that is being supplied at that time since the contract was signed months ago. You have to wait another 6 months to a year to see the new increase or decrease in revenue. |
Re: Reno Omokri: Why Dangote Refinery Is Buying Crude Oil From The US by Konquest: 2:32pm On Jan 31 |
chopnaira:It is what it is. |
Re: Reno Omokri: Why Dangote Refinery Is Buying Crude Oil From The US by pquaver(m): 3:07pm On Jan 31 |
Mccollins042:.. Even from Obj sef the contracting had started... Your problem is not apc.. But Nigerian leadership at all levels.. U keep shouting apc... was apc in the 90s when Nigeria was constantly going down.. Una no sabi una problem sef.. |
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