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Nairaland Forum / Nairaland / General / Politics / Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg (25317 Views)
Bloomberg news-Nigeria Is Turning Into An Oil Market Juggernaut / DSS Raid: Igboho Denies Turning Into Cat To Escape Arrest / Kogi Receives First Payment As An Oil Producing State (2) (3) (4)
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Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by Zwooks: 9:48pm On Aug 16 |
Guestlander: Nigeria isn't Dangote's estate, periodT |
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by Rossikk(m): 9:49pm On Aug 16 |
Zwooks: I knew a slave would jump to his white master's defence typing irrelevant rubbish. What has any of this nonsense you typed got to do with Russia facing new competition as a gas supplier to Europe? The BBC aired an article in 2022 on the opportunity for African gas to help end European dependency on Putin's gas post-Ukraine war. What? Your white superhuman god Putin is untroubled by this possibility because he has ''fertiliser factories, crude reserves''' or whatever nonsense you typed? Ukraine crisis: Can Africa replace Russian gas supplies to Europe? African countries are among those hoping to increase their exports of gas to the European Union, after the EU committed to reduce its reliance on Russian supplies following the invasion of Ukraine. Russia's suspension of deliveries to Poland and Bulgaria over their refusal to pay in roubles, the Russian currency, was a stark reminder of the threat facing the Eurozone. Russia has the largest natural gas reserves in the world and is the largest exporter, accounting for around 40% of Europe's imports. The EU wants to cut supplies by two-thirds by the end of the year and become independent of all its fossil fuels by 2030. However, energy economist Carole Nakhle says that with the combined exports of Africa's big players in the industry - Algeria, Egypt and Nigeria - amounting to less than half of what Russia supplies to Europe, they are "unlikely at the moment to compensate for any losses in Russian supplies". "The good news is there will be greater interest in countries that already have the resources to replace Russian gas and Africa is in a very good position. We're going to see more investment," she says. https://www.bbc.co.uk/news/world-africa-61334470 2 Likes |
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by Adakintroy: 9:49pm On Aug 16 |
People don't understand how Lagos is about to explode. Refinery set to take off in lag. Plus president is from west. 3 Likes |
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by Chetas81(m): 9:50pm On Aug 16 |
Zwooks:slow down your Ferrari lol |
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by Hammylawali: 9:51pm On Aug 16 |
Zwooks: What are you saying?.. when did you ever hear Saudi aramco bought crude from another country?.. Una go dey spit rubbish, dey think say Una get sense for head . 3 Likes 1 Share |
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by Zwooks: 9:51pm On Aug 16 |
Rossikk: Go and learn to work on your comprehension skills. If you had commented that Nigeria would rival European dependence on Rurrias crude, you would have communicated aptly. You can't hold me responsible for your miseducation. Allow me also school you since you still need some mentoring. The distance between Iran and Persian Gulf supplies and Nigeria is twice the distance, meaning that it costs 50% lesser, 50% faster to ship crude from the Persian Gulf than Nigeria. I know you Nigerians love wishful thinking alot, but do your research. In the international market space, Nigeria crude doesn't really attract buyers as it hasn't broken the ceiling quite right. If you however talk about rivalling Russia to sell refined Crude products, unlike Nigeria that accepts anything, has Dangote or any refinery been able to produce refined products that meets the standard of the European market on a steady basis ? 3 Likes |
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by DeepSight(m): 9:52pm On Aug 16 |
Rossikk: If we know we can be serious let's be serious. This country has no business not being in the top 15 economies of the world. 2 Likes 1 Share |
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by Guestlander: 9:52pm On Aug 16 |
Zwooks: I said you lack vision and foresight. People like Dangote built America, the Vanderbilts, the Rockefellers, the Carnegies. America never worked against them. In Korea and many other developing countries people like him are encouraged not frustrated. Africans and their stupid petty hatred. 6 Likes 1 Share |
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by NinjaMetahuman: 9:52pm On Aug 16 |
Rossikk:I missed this dude. The patrioticman 3 Likes |
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by ecomalchemistt(m): 9:54pm On Aug 16 |
All this one na big big grammar |
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by Zwooks: 9:54pm On Aug 16 |
Guestlander: Dangote is a quota system criminal who's only legacy is using contacts in government to steal from the nation and milk it dry. Can you or Emefiele or Dangote publicly declare all the dollars he got and loans he got in building his deliberately overly pricey refinery ? 1 Like |
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by Naijaepic: 9:55pm On Aug 16 |
And the pipelines past through Niger, that was in romance with Putin. It equally past through places, where internal conflict is predominant Rossikk: |
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by loswhite(m): 9:57pm On Aug 16 |
Zwooks:shut up 4 Likes 1 Share |
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by Zwooks: 9:57pm On Aug 16 |
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by Guestlander: 9:59pm On Aug 16 |
Zwooks: Right. What a load of nonsense. 4 Likes |
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by IamaNigerianGuy(m): 10:01pm On Aug 16 |
Rossikk: Some of you just write nonsense. 1. Only a country led by madmen constructs a garguantan gas line to another continent when itself generates < 4,000 MW of electricty 2. Putin dgaf about your pipeline 3. The proposed gas pipeline will very likey never see the light of day. Pray it never does. It will direct the spotlight onto Nigeria and irreversibly drag us into the geopolitics of europe. My friend, look at Ukraine. You dont want that. 1 Like |
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by KingOfTheDamned: 10:02pm On Aug 16 |
Zwooks: Typical Yoruba boy , filled with hate tribalism.and envy. Waazaga |
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by Zwooks: 10:02pm On Aug 16 |
KingOfTheDamned: Me ke. If I kunnk your bald head 1 Like |
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by Rossikk(m): 10:02pm On Aug 16 |
Zwooks: EVERYONE ELSE WITH A BRAIN UNDERSTOOD PERFECTLY WHAT I WROTE. You are the only one typing rubbish here, because the minute you thought you heard your white god was ''threatened'', you quickly jumped to attention like an aboki gateman, to defend him, typing frenzied gibberish. Allow me also school you since you still need some mentoring. The distance between Iran and Persian Gulf supplies and Nigeria is twice the distance, meaning that it costs 50% lesser, 50% faster to ship crude from the Persian Gulf than Nigeria. I know you Nigerians love wishful thinking alot, but do your research. In the international market space, Nigeria crude doesn't really attract buyers as it hasn't broken the ceiling quite right. If you however talk about rivalling Russia to sell refined Crude products, unlike Nigeria that accepts anything, has Dangote or any refinery been able to produce refined products that meets the standard of the European market on a steady basis ? This man is confused. I thought we were talking about the Nigerian gas pipeline supply to Europe and your saying it was no threat to Russia, following which I whupped your behind with the BBC article, and now you're talking about crude oil and Persian gulf. Are you drunk? Or you consumed mkpurumiri? 3 Likes |
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by IamaNigerianGuy(m): 10:02pm On Aug 16 |
Zwooks: Exactly. The man is trying hard to position a private business as a national project. 2 Likes 1 Share |
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by Zwooks: 10:03pm On Aug 16 |
Rossikk:. Remind yourself the title and contents of your thread again. Perhaps you deal with mild amnesia 1 Like |
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by bdon123(m): 10:03pm On Aug 16 |
Zwooks:Poor man mentality.d refinery was constructed to consume nigeria crude wit NNPC owning abt22% of d refinery.How can u hate someone success like this even wen it doesn't add to urs. 3 Likes |
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by Zwooks: 10:04pm On Aug 16 |
IamaNigerianGuy: Fuulish people are not seeing it and don't realize the threat it poses to the nation for this sector to be monopolized. The entire country's is connected to it and enabling monopoly turns the entire citizenry to slaves |
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by Akaegwu(m): 10:05pm On Aug 16 |
Zwooks:Stupidity personified 2 Likes |
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by Zwooks: 10:05pm On Aug 16 |
bdon123: Your statement lacks substance. Dangote refinery is a private project not a national one. He should do like other business men and seek their raw materials elsewhere |
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by bdon123(m): 10:07pm On Aug 16 |
Zwooks:U are very wrong.Refineries are normally built close to its supply of crude...be it pipe or sea.In dangote case,it was built to receive crude frm nigeria wit nnpc owning 22% shares in it jst like NLNG model of ownership. Also,jst so u know Nigeria govt has been using our future crude production to collect loans....how has this helped u? 4 Likes |
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by Zwooks: 10:08pm On Aug 16 |
bdon123: Go and read for Post Jamb abeg |
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by Rossikk(m): 10:10pm On Aug 16 |
IamaNigerianGuy: Nigeria's problem is not gas availability for electricity. Her problem is first the transmission grid which is being fixed, and second, the question of affordability of the electricity for the poorest Nigerian. 2. Putin dgaf about your pipeline How do you know that? Every rational seller, especially one who is a near-monopoly supplier will be VERY wary of new entrants into the market, and in extreme cases, will go all out to impede them. Go to school. This is basic Porters' Five Forces Analysis, which I'm sure is Greek to you. 3. The proposed gas pipeline will very likey never see the light of day Your pessimism is irrelevant, and shows gross ignorance, for a project that is well under way, with billions of dollars already spent. 2 Likes |
Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by zivility: 10:14pm On Aug 16 |
Best thing a black man has done since Malcolm x |
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