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Nairaland Forum / Nairaland / General / Politics / NNPC Finally Ends 'Dubious' Oil Swap Deals - Thecable (18546 Views)
NNPC Finally Increases Fuel Price Again / Buhari To Probe Ibe Kachikwu Over Oil Swap Deals / DSS Grills NNPC Director 11 Times Over Swap Deals (2) (3) (4)
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NNPC Finally Ends 'Dubious' Oil Swap Deals - Thecable by dustmalik(m): 5:06am On Nov 04, 2015 |
The Nigerian National Petroleum Corporation (NNPC) has ended its highly controversial offshore processing arrangement (OPA) in favour of direct sale-direct purchase (DSDP). Source - https://www.thecable.ng/nnpc-finally-ends-dubious-oil-swap-deals Cc: lalasticlala 5 Likes 1 Share |
Re: NNPC Finally Ends 'Dubious' Oil Swap Deals - Thecable by Nobody: 5:08am On Nov 04, 2015 |
he he. 3 Likes 1 Share |
Re: NNPC Finally Ends 'Dubious' Oil Swap Deals - Thecable by Pavore9: 5:16am On Nov 04, 2015 |
Bad market for some! 3 Likes |
Re: NNPC Finally Ends 'Dubious' Oil Swap Deals - Thecable by Rawani: 5:24am On Nov 04, 2015 |
The OPA deals were like honey and Diezani was the Queen Bee that directed their operation and swam in the goodies. Can you imagine that in some cases our sweet crude containing many derivatives including Diesel, Jet A1, Petrol, Kerosene etc. was swapped for the same quantity of only Petrol? PMB is thankfully walking the talk and restoring sanity to the oil sector; OPA scams are finally corruption. 78 Likes 6 Shares |
Re: NNPC Finally Ends 'Dubious' Oil Swap Deals - Thecable by Babatindan: 5:26am On Nov 04, 2015 |
With this, hope they won't make losses again. |
Re: NNPC Finally Ends 'Dubious' Oil Swap Deals - Thecable by Feranchek(m): 5:27am On Nov 04, 2015 |
Now we're talking! 12 Likes |
Re: NNPC Finally Ends 'Dubious' Oil Swap Deals - Thecable by SmartMugu: 5:46am On Nov 04, 2015 |
Hope some enemies of progress won't come here and start blaming Buhari for this welcome development. 26 Likes 1 Share |
Re: NNPC Finally Ends 'Dubious' Oil Swap Deals - Thecable by LastSurvivor: 5:48am On Nov 04, 2015 |
Don't be deceived, he only wanna use his own clique.. No politician has the masses interest at heart.. 7 Likes |
Re: NNPC Finally Ends 'Dubious' Oil Swap Deals - Thecable by mysteriousman(m): 5:50am On Nov 04, 2015 |
With time nigeria will be great again 11 Likes |
Re: NNPC Finally Ends 'Dubious' Oil Swap Deals - Thecable by Godfullsam(m): 5:52am On Nov 04, 2015 |
This is one of the dubious deals of the former administration aimed at enriching the few . Thank God things are no more business as usual. Sai Buhari 32 Likes 1 Share |
Re: NNPC Finally Ends 'Dubious' Oil Swap Deals - Thecable by hopeforcharles(m): 5:59am On Nov 04, 2015 |
Best move Nigeria has made, the damages these methods of swaps have cost us is terrible, But i am asking Since our refinaries are working why not refine the products that we need locally and not buy proccesed product but sell raw product to those peeps let them buy and sell any where, had it been our leaders cared Nigeria would have been no 1 distributor of proccesed to African countries and abroad. 7 Likes |
Re: NNPC Finally Ends 'Dubious' Oil Swap Deals - Thecable by muri4mig(m): 6:21am On Nov 04, 2015 |
[quote author=hopeforcharles post=39660941]Best move Nigeria has made, the damages these methods of swaps have cost us is terrible, Our four refineries combined even when working at full capacity cannot refine to meet up with our daily consumption of 40million litters a day. We still need to import to feel d gap. But with this development and other effort to revamp our ailing refineries plus building new once, Nigerians will see d benefit of voting for change in a record time. 16 Likes |
Re: NNPC Finally Ends 'Dubious' Oil Swap Deals - Thecable by Jaideyone(m): 6:29am On Nov 04, 2015 |
good now we have a government that works not some clueless fisherman that got drunk while watching Nigerians get cheated and robbed 15 Likes |
Re: NNPC Finally Ends 'Dubious' Oil Swap Deals - Thecable by hopeforcharles(m): 6:32am On Nov 04, 2015 |
muri4mig:i pray so. Let the benefits start rolling in. |
Re: NNPC Finally Ends 'Dubious' Oil Swap Deals - Thecable by sluvy4tune(m): 6:33am On Nov 04, 2015 |
Thank you baba My one vote no be mistake!!!! 12 Likes |
Re: NNPC Finally Ends 'Dubious' Oil Swap Deals - Thecable by modath(f): 6:37am On Nov 04, 2015 |
hopeforcharles: Our refining capacity is not commensurate to our needs at this moment in time. I believe we can only do between 15-20% as it stands now... I stand to be corrected though. 1 Like |
Re: NNPC Finally Ends 'Dubious' Oil Swap Deals - Thecable by sandraokosun1: 6:39am On Nov 04, 2015 |
. |
Re: NNPC Finally Ends 'Dubious' Oil Swap Deals - Thecable by menix(m): 6:41am On Nov 04, 2015 |
A welcome development.. BUT.. Allowing NNPC who is suppose to refine crude to import finished petrol would always give room for fraud. This the main reason our refinery re operating at 1%. The evils plaguing Nigeria pass devils handiwork. 1 Like |
Re: NNPC Finally Ends 'Dubious' Oil Swap Deals - Thecable by PRYCE(m): 7:04am On Nov 04, 2015 |
Kudos To Kachikwu! 4 Likes |
Re: NNPC Finally Ends 'Dubious' Oil Swap Deals - Thecable by Nobody: 7:05am On Nov 04, 2015 |
I expect they build new refinery and give guys job while providing for our local capacity. 5 Likes |
Re: NNPC Finally Ends 'Dubious' Oil Swap Deals - Thecable by oluemmakay(m): 7:13am On Nov 04, 2015 |
good development |
Re: NNPC Finally Ends 'Dubious' Oil Swap Deals - Thecable by omenka(m): 7:18am On Nov 04, 2015 |
The "body odour" has reached far away America. They smell it and they like it! The most useless party in Africa and indeed the world, says Baba's utterances and strategy is "demarketing" Nigeria, meanwhile those to whom he's trying to sell his ideas think otherwise. Only those with irreparably abused minds and perpetually sore losers would NEVER see the good intentions and deeds of this gentleman for our common good. My faith in this man remains unwavering as he methodically performs the much needed surgical procedure on this patient that was rushed into the ER on May 29th. Now Goats would be forced to eat grass which was what God in his infinite wisdom designed they to eat from creation. But somewhere along the line, the natural course of event was altered, the door to the barn was left wide open, and our Goats all became Ajebo Goats that fed exclusively on Yams and lost the appetite for grass, they grew so fat we started mistaking them for Buffalo. I expect some initial resistance as they are forced out of the Barns into the fields to feed on their natural staple, but of course we know it would all be in futility- they only run the risk of starvation should they insist on Yams. I expect the cries of secession to increase three folds with the implementation of this cost cutting policy. The Goats behind these deals are the people sponsoring all that Biafra nonsense in the hope of distracting the government and ultimately crystalising chaos which would ensure they keep making abominable profits at the expense of the common man. They see Baba as a threat to their control of the levers of our polity/economy and would do anything, regardless of its propriety, to ensure they perpetually lord it over us. Toss a few change here and there they would, and the same people we saw yelling GEJ till thy Kingdom come from every rooftop and treetop they could have a foothold would be the ones shouting "Biafra", "death to the zoo"!! May God continue to direct your hands Mr President. Slowly but surely, we are on the path towards a full recovery. God bless Nigeria. 68 Likes 6 Shares |
Re: NNPC Finally Ends 'Dubious' Oil Swap Deals - Thecable by lmm4real: 7:22am On Nov 04, 2015 |
We want to see result, APC is that too much to ask for. 1 Like |
Re: NNPC Finally Ends 'Dubious' Oil Swap Deals - Thecable by zeestunner(m): 7:35am On Nov 04, 2015 |
Pdp and olisa metuh will be like....this is also one of our ideas that we wanted to implement if we had won the election.apc stole it frm us. Lol 28 Likes |
Re: NNPC Finally Ends 'Dubious' Oil Swap Deals - Thecable by NgeneUkwenu(f): 7:37am On Nov 04, 2015 |
omenka: 12 Likes |
Re: NNPC Finally Ends 'Dubious' Oil Swap Deals - Thecable by osaslord500(m): 7:39am On Nov 04, 2015 |
Re: NNPC Finally Ends 'Dubious' Oil Swap Deals - Thecable by TonyeBarcanista(m): 7:39am On Nov 04, 2015 |
hopeforcharles:Which refinery is working? |
Re: NNPC Finally Ends 'Dubious' Oil Swap Deals - Thecable by Burger01(m): 7:39am On Nov 04, 2015 |
Pavore9:..yeah, especially for those thieving oil cabals and their ilks. Good that things are taking shape in NNPC. Chai! Jonathan! Never shall we be scammed by 'I had no shoes' again.. NEVER 11 Likes |
Re: NNPC Finally Ends 'Dubious' Oil Swap Deals - Thecable by richyfunky(m): 7:40am On Nov 04, 2015 |
As long as it impact positively on d economy, its Ok |
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