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Nairaland Forum / Nairaland / General / Business / Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India (24720 Views)
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Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by Feranmicharles(m): 12:26pm On Jun 26, 2015 |
amolak:search metaphor in ur DICKo u'll get me right,thanks kalindaminda,I alomost 4got ![]() |
Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by persius555(m): 12:34pm On Jun 26, 2015 |
bushdoc9919:Thumbs up. #FIX POWER SECTOR NOW |
Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by Brainwox(m): 12:42pm On Jun 26, 2015 |
bushdoc9919:I seem not 2 understand why people keep saying India is poor. With their huge population, they can still provide uninterupted power supply for their citizens. U find them dominating all sectors in nigeria, employing thousands of nigerians in their setup, yet u tell me they are poor? How many nigerians have big companies in India? After the FG, indians are the second largest employer of labour here, yet u keep saying they are poor. 1 Like 1 Share |
Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by dayodare49o: 12:43pm On Jun 26, 2015 |
Burger01:don't forget your president is not interested in oil money he said he wants to change Nigeria from monoconomy |
Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by amolak: 12:45pm On Jun 26, 2015 |
Feranmicharles:Bro, which one come be alomos? i will search for that one too ![]() 1 Like |
Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by Feranmicharles(m): 12:47pm On Jun 26, 2015 |
amolak: ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by berrystunn(m): 12:50pm On Jun 26, 2015 |
arabianights: Which investor will come without knowing the new govt policy , are you joking or something .... This govt don't have any direction yet so no investor will come till then. |
Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by arabianights: 12:54pm On Jun 26, 2015 |
berrystunn: clearly, you dont know much bout economics so wont bother to go into details on what i mean.do have a nice day and be rude free |
Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by amolak: 12:56pm On Jun 26, 2015 |
Feranmicharles:Bro, why now, if not that I have pledged peace........ |
Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by berrystunn(m): 12:58pm On Jun 26, 2015 |
arabianights: right from school up till now you no no anything ......usu |
Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by Idrismusty97(m): 1:01pm On Jun 26, 2015 |
Saudi Arabia is destroying the middle East in their romance with the US/West. There are being too greedy, risking their own Arab brothers. |
Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by Nobody: 1:02pm On Jun 26, 2015 |
feran14:Enemy of progress...lol! Which prophet told you that? You are a BIG JOKER. I doubt you have an idea of what you think. |
Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by arabianights: 1:05pm On Jun 26, 2015 |
berrystunn: bros, i tire ooooo!!!!!!!!!!!!!!!any way with pple like u, am safe.have a nice weekend |
Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by Nobody: 1:09pm On Jun 26, 2015 |
Felixsun20: ![]() See this man. You should pay attention to the news more. 1.Right now....extensive research is going into producing cars that run on electricity via hydrogen cell batteries. 2.Already,there is a working model in existence. 3.The cars will soon roll off the production line. 4.Then where will you oil drinkers be? Better read this BBC article.,.....and get afraid. Very afraid. http://www.bbc.com/news/business-33005362 |
Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by Nobody: 1:11pm On Jun 26, 2015 |
Gejpresident:Hey son! I'm from Akwa Ibom State, the largest oil-producing state in Nigeria. That piece of shit you just put up there is uncalled for...learn to be a good Nigerian, and not a bigot! |
Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by Feranmicharles(m): 1:16pm On Jun 26, 2015 |
amolak:oh yeah ![]() ![]() ![]() |
Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by Nobody: 1:29pm On Jun 26, 2015 |
Feranmicharles:which baba ![]() Babalawo!!! |
Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by juman(m): 1:33pm On Jun 26, 2015 |
On the sensible level, the bulk of nigerian oil suppose to be sold to the refineries in nigeria but alas the useless "leaders" could not make it so no refeneries. The country that has to be begging around to sell its oil. What a failed nation. ![]() |
Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by amolak: 1:38pm On Jun 26, 2015 |
Feranmicharles:one love ![]() 1 Like |
Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by Nobody: 1:42pm On Jun 26, 2015 |
bushdoc9919:Hello there! I had read this article before now. If you think this will cut down the demand for crude oil in the world, then you are not thinking right. Now tell me, can you afford such a car? Only very few people in the world can afford such, so there'll always be fuel-driven cars for people who can't afford the hydrogen-driven type. You should know that engine oil which is used in locomotives, and grease used on cars to reduce friction between it's metallic parts all come from petroleum; fuels used in ships, aeroplanes, jets, machines(industrial and agricultural) etc are all products of crude oil. Even then, you'll grow very old and pass away, but the world will alway be in higher demand for crude oil. 1 Like |
Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by Nobody: 1:44pm On Jun 26, 2015 |
Felixsun20: I get your point....but in my opinion the age of oil is coming to an end. |
Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by Nobody: 1:47pm On Jun 26, 2015 |
Felixsun20:slave |
Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by Nobody: 2:04pm On Jun 26, 2015 |
Felixsun20: hybrid cars are already here. nuclear power, solar power and wind energy are already in use. soon crude oil would not be the main thing |
Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by Nobody: 2:06pm On Jun 26, 2015 |
Gejpresident:I think if you ask your teacher, he'll tell you who the real slave is between you and I |
Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by ttmacoy: 2:08pm On Jun 26, 2015 |
Has nothing to do with baba and everything to do with Nigeria heavily discounting the price of their crude oil just to gain market share. There are a lot of countries producing oil now and the only competitive advantage comes from selling cheap. Nigeria misused the oil boom of the past few years to properly invest in the country and are now running helter-skelter selling oil for cheap. Oil prices have dropped for Nigeria’s premium over Brent in recent months, which have made the former more attractive to importers. Over the weekend, the Nigerian National Petroleum Corporation reduced the prices of Nigeria’s crude oil grades to their lowest in over a decade as the West African nation fights for international market share. Not only are we selling for cheap, but we have to give credit concession as it is a buyers market. Owing to the frantic competition for Asian buyers, India, THISDAY learnt, has taken the unusual step of asking Nigeria to offer it a 90-day credit line if it must continue to buy her crude oil. BashirAhmad1: 1 Like |
Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by Nobody: 2:09pm On Jun 26, 2015 |
Felixsun20:dog eater like u |
Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by Nobody: 2:12pm On Jun 26, 2015 |
bushdoc9919:I quite understand your poin too. The technological development is threatening the future of crude oi, that's true but the use of crude will never come to an abrupt end |
Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by Nobody: 2:16pm On Jun 26, 2015 |
Gejpresident:Thanks, man. At least, I don't eat human flesh like you |
Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by Nobody: 2:20pm On Jun 26, 2015 |
Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by bankson80(m): 2:23pm On Jun 26, 2015 |
anambra state and abia state is producing oil already.enugu state also have oil.and all are in commercial scale.only anambra gas deposit can sustain the whole south east and still have a net export quantity.am not interested in dividing or not because at the end all that matter is your standard of living.we are now living in a global world.but the truth remains that the igbos or people fighting for biafra dont really care about the south south,if they come along or not.and dont forget that even though if nigeria divide today,both part of the divided countries will still be in ecowas.that means they will still have market asses to each other.is still the most industrialized will be more successful,so if you hope just in oil then you will always be the losser. quote author=Gejpresident post=35169900]I'm so happy I'm from Niger-delta. Without our oil no Nigeria.- Biafra need a country because of us, but God won't allow them North are killing them selves cos dey need Amnesty money but they gonna die more cos God pass them West praying for oil in lagos but it can't happen. God bless Niger delta God bless my state delta state [/quote] |
Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by bankson80(m): 2:26pm On Jun 26, 2015 |
anambra state and abia state is producing oil already.enugu state also have oil.and all are in commercial scale.only anambra gas deposit can sustain the whole south east and still have a net export quantity.am not interested in dividing or not because at the end all that matter is your standard of living.we are now living in a global world.but the truth remains that the igbos or people fighting for biafra dont really care about the south south,if they come along or not.and dont forget that even though if nigeria divide today,both part of the divided countries will still be in ecowas.that means they will still have market asses to each other.is still the most industrialized will be more successful,so if you hope just in oil then you will always be the losser. Gejpresident: |
Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by ttmacoy: 2:28pm On Jun 26, 2015 |
You are not enjoying any good governance please. You are the top suppliers to India because Nigeria due to desperation from falling government revenue (to the extent they have to borrow to pay sakaries) is selling oil at discounts and offering credit concessions just to sell oil and get some revenue. That's not good governance. The likes of KSA are not that desperate because they invested and saved a lot during the boom years and can withstand the drop in revenue. Nigeria simply cannot and is desperately trying to gain market share. Pope22: 1 Like |
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