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Dangote Accuses IOCs Of Crude Oil Price Manipulation - Business (2) - Nairaland

Nairaland Forum / Nairaland / General / Business / Dangote Accuses IOCs Of Crude Oil Price Manipulation (21757 Views)

IOCs Refuse To Relocate HQ to Akwa Ibom 4 Years After Building Tower. / CBN Stops IOCs From Remitting 100% Of Forex Proceeds Abroad / Dangote Refinery Secures Permit To Process Over 300,000 Barrels Of Crude (2) (3) (4)

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Re: Dangote Accuses IOCs Of Crude Oil Price Manipulation by UncommonLogic: 9:32pm On Jun 23
The govt should mandate these IOC to sell a percentage of their oil to local refineries. This is a matter of national security. It's pure common sense. Many countries have laws protecting their local companies. Nigeria should do the same.

2 Likes 1 Share

Re: Dangote Accuses IOCs Of Crude Oil Price Manipulation by Basicend: 9:35pm On Jun 23
Why the man's monstache come bush up like that. . Them no get clipper for him country?

1 Like

Re: Dangote Accuses IOCs Of Crude Oil Price Manipulation by InvertedHammer: 9:35pm On Jun 23
michlins:
ignorant and sad people will claim it's government monopoly. Forgetting that the biggest companies they love to talk about are subtly supported by the government of their own


USA banned Huawei to protect Apple. Banned tiktok for Facebook and the list goes on and on.

Tell me what Huawei is doing Apple hasn't done or what tiktok is doing Facebook isn't doing worse

/
It becomes a monopoly if the government extends such support to a particular individual or company and cripples his/its competition internally. USA and other countries are protecting some companies against competition from other countries in Huawei vs Apple, Tiktok vs Facebook.

But then, go read up on Antitrust cases when a company gets too big to kill competitors through monopoly and unwholesome tactics:

United States vs Microsoft Corporation
United States vs. Standard Oil.

/

1 Like 1 Share

Re: Dangote Accuses IOCs Of Crude Oil Price Manipulation by frog12: 9:39pm On Jun 23
you believe this and govt keep quiet grin
PMS prices go stay high
Re: Dangote Accuses IOCs Of Crude Oil Price Manipulation by Edusouls(m): 9:41pm On Jun 23
Chai this world economy meltdown get every body including the west, everyone is reaping each other off to survive, hunger Dey worldwide ooo no be only in Nigeria, but the Greed of oyibo people no Dey here ooo kai
Re: Dangote Accuses IOCs Of Crude Oil Price Manipulation by michlins(m): 9:43pm On Jun 23
InvertedHammer:


/
It becomes a monopoly if the government extends such support to a particular individual or company and cripples his/its competition internally. USA and other countries are protecting some companies against competition from other countries in Huawei vs Apple, Tiktok vs Facebook.

But then, go read up on Antitrust cases when a company gets too big to kill competitors through monopoly and unwholesome tactics:

United States vs Microsoft Corporation
United States vs. Standard Oil.

/
we over do things here but in this case,dangote needs to be protected at all cost because the people who ensured we didn't have a functioning refinery haven't slept
Re: Dangote Accuses IOCs Of Crude Oil Price Manipulation by InvertedHammer: 9:46pm On Jun 23
michlins:
we over do things here but in this case,dangote needs to be protected at all cost because the people who ensured we didn't have a functioning refinery haven't slept

/
When they start bickering at the upstream level, the facts are hidden in the details.

Dangote has access to Tinubu. He knows what to do.

/
Re: Dangote Accuses IOCs Of Crude Oil Price Manipulation by Gbadebo19(m): 9:49pm On Jun 23
michlins:
ignorant and sad people will claim it's government monopoly. Forgetting that the biggest companies they love to talk about are subtly supported by the government of their own


USA banned Huawei to protect Apple. Banned tiktok for Facebook and the list goes on and on.

Tell me what Huawei is doing Apple hasn't done or what tiktok is doing Facebook isn't doing worse
Shut up your stinking mouth and stop misleading people.
Huawei was banned for inputting spying materials in its products.
Meanwhile, tiktok is yet to be banned.

3 Likes

Re: Dangote Accuses IOCs Of Crude Oil Price Manipulation by michlins(m): 9:53pm On Jun 23
Gbadebo19:

Shut up your stinking mouth and stop misleading people.
Huawei was banned for inputting spying materials in its products.
Meanwhile, tiktok is yet to be banned.
US is banning a company for allegedly inserting spyware into their chips and products. Up until today, there's no single proof of such accusations.

Meanwhile NSA was spying on Angela Merkel of Germany and dozens of other US strong allies. Tapped their phone calls and stuff.

One thing about people like you is that you know next to nothing but will go about accusing people of being ignorant

2 Likes

Re: Dangote Accuses IOCs Of Crude Oil Price Manipulation by SEGLIZ: 9:56pm On Jun 23
vibemad007:


Shouldn't u be entitled to sense.


Am Just asking
to them everything is about tribalism and politics.
Re: Dangote Accuses IOCs Of Crude Oil Price Manipulation by Gbadebo19(m): 9:59pm On Jun 23
michlins:
US is banning a company for allegedly inserting spyware into their chips and products. Up until today, there's no single proof of such accusations.

Meanwhile NSA was spying on Angela Merkel of Germany and dozens of other US strong allies. Tapped their phone calls and stuff.

One thing about people like you is that you know next to nothing but will go about accusing people of being ignorant
Another nonsense as usual. Your rubbish is based on the revelations of Edward Snowden, a mere contractual employee of CIA.
If people like you become leaders, you would wait for the enemy to strike first so that you can have "proof". Idiocy and stupidity of the highest order.

1 Like

Re: Dangote Accuses IOCs Of Crude Oil Price Manipulation by Okhuadams(m): 9:59pm On Jun 23
lwisee:
…Indicts NMDPRA over importation of dirty diesel, jet fuel



https://www.vanguardngr.com/2024/06/dangote-refinery-accuses-iocs-of-plotting-to-cripple-its-operations/
Political betrayals the fuel subsidy thief's are not smiling nor sleeping
Re: Dangote Accuses IOCs Of Crude Oil Price Manipulation by Gbadebo19(m): 10:00pm On Jun 23
michlins:
US is banning a company for allegedly inserting spyware into their chips and products. Up until today, there's no single proof of such accusations.

Meanwhile NSA was spying on Angela Merkel of Germany and dozens of other US strong allies. Tapped their phone calls and stuff.

One thing about people like you is that you know next to nothing but will go about accusing people of being ignorant
Even if there is proof, you expect them to share it with dumb fellows like you? Do you know the meaning of "classified information"?
Re: Dangote Accuses IOCs Of Crude Oil Price Manipulation by michlins(m): 10:02pm On Jun 23
Gbadebo19:

Even if there is proof, you expect them to share it with dumb fellows like you? Do you know the meaning of "classified information"?


Too much Hollywood dey do you.

Incident that rilled up the whole German intelligence services is what you're saying there are no proofs
Re: Dangote Accuses IOCs Of Crude Oil Price Manipulation by Gbadebo19(m): 10:02pm On Jun 23
michlins:
US is banning a company for allegedly inserting spyware into their chips and products. Up until today, there's no single proof of such accusations.

Meanwhile NSA was spying on Angela Merkel of Germany and dozens of other US strong allies. Tapped their phone calls and stuff.

One thing about people like you is that you know next to nothing but will go about accusing people of being ignorant
And by the way, they were spying on US citizens as well. So, why are you telling us just one part of the story?

1 Like

Re: Dangote Accuses IOCs Of Crude Oil Price Manipulation by michlins(m): 10:03pm On Jun 23
Gbadebo19:

And by the way, they were spying on US citizens as well. So, why are you telling us just one part of the story?
bring one proof of the spying incident
Re: Dangote Accuses IOCs Of Crude Oil Price Manipulation by Gbadebo19(m): 10:06pm On Jun 23
michlins:
bring one proof of the spying incident
Imagine ooo. Have you forgotten that He who asserts must prove?
You were the one that said they were spying on Angela and Angelo. And I complemented you by reminding you that they also spied on their own citizens. The proof should come from you first.
Re: Dangote Accuses IOCs Of Crude Oil Price Manipulation by treatise: 10:19pm On Jun 23
bjdon:
If we were a serious nation firms like Dangote refinery would be designated 'Strategic national enterprise' and be entitled to full govt support across their entire production flow
He's been enjoying monopoly in several other sectors ; he's used to governments' pampering.
Re: Dangote Accuses IOCs Of Crude Oil Price Manipulation by sulaak(m): 10:22pm On Jun 23
bjdon:
If we were a serious nation firms like Dangote refinery would be designated 'Strategic national enterprise' and be entitled to full govt support across their entire production flow

That is what South Korea and Japan did in the 1960s. Nigeria should identify private indigenous organisation such as Dangote and Innosson and provide them with preferential support
Re: Dangote Accuses IOCs Of Crude Oil Price Manipulation by Yusufisraelj(m): 10:30pm On Jun 23
bjdon:
If we were a serious nation firms like Dangote refinery would be designated 'Strategic national enterprise' and be entitled to full govt support across their entire production flow

Words in marble my brother.
Re: Dangote Accuses IOCs Of Crude Oil Price Manipulation by Yusufisraelj(m): 10:33pm On Jun 23
BigkokoRep:
Dangote don join wailers? When buhari & emefiele were opening our bank vault for him, he didnt talk ohh....

Was it for free mugu? Ask yourself, those who opened it did it from the kindness of their heart!
Re: Dangote Accuses IOCs Of Crude Oil Price Manipulation by Fuckyoumod: 10:35pm On Jun 23
stevnwigw1:
The white man is you arc enemy as a back man, know this and k ow peace.
Coming from an ignoramus and an uneducated fellow.

You problem is not a white man but the thieves and corrupt men and men you call African leaders.

1 Like 1 Share

Re: Dangote Accuses IOCs Of Crude Oil Price Manipulation by Gnosispd: 10:43pm On Jun 23
Who do us like this? We are not ready for development what we know how to do best is to blame
Re: Dangote Accuses IOCs Of Crude Oil Price Manipulation by Druss(m): 10:51pm On Jun 23
Let him name the IOCs? Is it the same IOCs that gave them crude stock earlier this year?

1 Like 1 Share

Re: Dangote Accuses IOCs Of Crude Oil Price Manipulation by Druss(m): 10:52pm On Jun 23
UncommonLogic:
The govt should mandate these IOC to sell a percentage of their oil to local refineries. This is a matter of national security. It's pure common sense. Many countries have laws protecting their local companies. Nigeria should do the same.

You really need to read up on the deal Nigeria via NNPC has with the IOCs. Dangote Refinery should come clean with which IOCs!

1 Like 1 Share

Re: Dangote Accuses IOCs Of Crude Oil Price Manipulation by Arostar2023: 10:53pm On Jun 23
michlins:
ignorant and sad people will claim it's government monopoly. Forgetting that the biggest companies they love to talk about are subtly supported by the government of their own


USA banned Huawei to protect Apple. Banned tiktok for Facebook and the list goes on and on.

Tell me what Huawei is doing Apple hasn't done or what tiktok is doing Facebook isn't doing worse

Dangote apparently hates competition. He prefers to have waiver at expense of others...

1 Like

Re: Dangote Accuses IOCs Of Crude Oil Price Manipulation by WilsonBright935: 10:55pm On Jun 23
That is expected.


My people will say "àkùkọ gàgàrà, kò fẹ́ kí kékeré kọ"
Re: Dangote Accuses IOCs Of Crude Oil Price Manipulation by Chetas81(m): 11:11pm On Jun 23
NONSENSE OF THE NIGERIAN CITIZENS, FRAUDULENT NIGERIAN CITIZENS, THIS REFINERY WILL START TO SERVE NIGERIAN CITIZENS, BEGIN 2026
Re: Dangote Accuses IOCs Of Crude Oil Price Manipulation by bixton(m): 11:17pm On Jun 23
michlins:
we over do things here but in this case,dangote needs to be protected at all cost because the people who ensured we didn't have a functioning refinery haven't slept


And do you think those people don't have monies invested in the dangote refinery

Have you seen a public servant making mockery of a FG investment!!!!
Re: Dangote Accuses IOCs Of Crude Oil Price Manipulation by Panda7: 11:19pm On Jun 23
Importantly we need to see how much dangote refinery set out 4 the pib, greenhousing plan,n env. degradation protection
Re: Dangote Accuses IOCs Of Crude Oil Price Manipulation by ufotunang: 11:21pm On Jun 23
A government like Tinubu government that is not serious in making nigeria to be a producing economy but just a consuming economy and palliative economy.. this is the problems Dangote refinery will be having...it's a pity
Re: Dangote Accuses IOCs Of Crude Oil Price Manipulation by ufotunang: 11:25pm On Jun 23
Nigeria has refineries but cannot make good use of these refineries in which it will boost the economy create jobs and make fuel disel kerosene and other petroleum products to be cheap and reduce inflation and prices of foodstuffs and goods and services..but we just prefer to be importing fuel disel and other petroleum products

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