mtisTheQubit:

Who gonna bail the colonies if the bailers are broke

Apparently,,, the Ghananinas see the IMF as some sort of limitless provider shielded from all vagaries of the world economy. The mullahs should keep flowing they think.

TayserMahrii:


But so is everything we rely on including GPS all theories.
Ok, tell me sth about halo universe

Naa GPS is not a theory..it's really stuff

Anyway my halo world is made up of halo galaxies .I might throw amultiverse on it

TayserMahrii:


Coronavirus is not impacting debts but markets,,,have you seen stocks collapsing in big economies ? Those are not debts at work son.

mind you corona has not impacted the market like oil has done.

its a perfect storm

Just30:
were we talking about oil or not?

We were talking of you celebrating the misery of others because you are a net oil importer

foolish mudder fugger. get out of my face

[s]

TayserMahrii:


You never proven worth a reply fuckupness. Why should I waste time when I know the response is always going to be the same

[/s]

Just30:


you forgotten that debt is part of the market

Inspector Closseau. How are private entities in Germany indebted?

Just30:
exactly

who is going to pick up Kenya's debt when China is in trouble and pulling back?

Debt is good if used wisely.bailout is bad...itso for suckers who can't manage themselves

TayserMahrii:


Apparently,,, the Ghananinas see the IMF as some sort of limitless provider shielded from all vagaries of the world economy. The mullahs should keep flowing they think.

we are not the one in trouble



kenya's debt are popping as global economies get hit by a perfect storm.

TayserMahrii:


We were talking of you celebrating the misery of others because you are a net oil importer

im laughing at the misery of Kenya as Tullow get your government more into debt by pilling up bills through the Turkana oil scam

TayserMahrii:


Apparently,,, the Ghananinas see the IMF as some sort of limitless provider shielded from all vagaries of the world economy. The mullahs should keep flowing they think.

I really really think Ghana don't know much about IMF.they don't know why many countries don't want their stuff..few countries survive imf bs. .ask greece

TayserMahrii:


Inspector Closseau. How are private entities in Germany indebted?

did anyone mention Germany ?

nice deflections

the piper is coming to collect

mtisTheQubit:

Naa GPS is not a theory..it's really stuff

Anyway my halo world is made up of halo galaxies .I might throw amultiverse on it

GPS is based on General Relativity theory I'm sure you know that just trying to be cheeky

Let's go bro,,, starting with halo...prove it's a halo

Torture2020:
foolish mudder fugger. get out of my face

[s][/s]

what exactly is wrong with kenyans? they sold their first oil and already the money has disappeared

https://www-businessdailyafrica-com.cdn.ampproject.org/c/s/www.businessdailyafrica.com/economy/Parliament-orders-release-of-secret-State-oil-export-deal/3946234-5483680-view-asAMP-5qv4rhz/index.html


Parliament orders release of secret State oil export deal
Monday, March 9, 2020 10:36

Parliament has given the Treasury 90 days to make public how proceeds of Kenya’s first crude oil exports were used .


By VICTOR JUMA

Kenya made its first crude oil exports in August last year, earning an estimated $12 million (Sh1.2 billion) from the sale of 250,000 barrels.
The oil was bought by ChemChina (UK) Ltd, the oil trading arm of ChemChina Petrochemical Co. Ltd.
Parliament wants to know how much the joint venture partners —Total and Tullow — earned. The agreement remains top secret.

Parliament has in a transparency drive given the Treasury 90 days to make public how proceeds of Kenya’s first crude oil exports were used.

A report tabled in the National Assembly by the Budget and Appropriations Committee on the 2020/2021 Budget Policy Statement has also asked the Executive to propose how such funds will be used in future.

Kenya made its first crude oil exports in August last year, earning an estimated $12 million (Sh1.2 billion) from the sale of 250,000 barrels.

The oil was bought by ChemChina (UK) Ltd, the oil trading arm of ChemChina Petrochemical Co. Ltd.

Part of the pending disclosures include the production sharing contract that will show how much of the revenues earned from crude oil export were shared between the Kenyan government and the Joint Venture partner.
Related Stories


Parliament wants to know how much the joint venture partners —Total and Tullow — earned. The agreement remains top secret.

"A status report on the Early Oil Pilot Scheme (EOPS) including recommendations on financial management of proceeds from sale of the crude oil be submitted to National Assembly within 90 days upon adoption of the report by the House," reads part of the committee’s recommendations to the National Treasury and State Department of Petroleum.

The government has said that the small-scale exports are meant to test demand for the country’s low sulphur crude oil. There has not been disclosure on how proceeds of the sales were used by the Treasury including offering a share to Turkana County residents.

Although the sale process was not fully laid out to the public, the government maintained that there was a competitive bid process with 11 companies having expressed interest in buying the crude.

ChemChina UK’s initial purchases are expected to be small-scale, with full commercial shipments due to begin once the pipeline is constructed.

The recommendations come at a time when Kenya’s move to commercial oil production is expected to delay on the back of falling oil prices and financial challenges at Tullow Oil, which is leading the consortium of multinationals developing the wells in Turkana.

It recently emerged that Tullow and Total S.A. are looking to sell a significant part of their stakes in the Kenyan venture.

This followed an earlier disclosure by Tullow that it had written off $800 million (Sh81.6 billion) of its exploration costs in Kenya and Uganda after lowering its forecast for long-term crude oil prices.

Oil firms recover their exploration costs over years once production and sale of the commodity starts, with lower oil prices indicating a slower-than-expected rate of recouping the investment.

"Exploration costs written off are predominately driven by a write-down of the value of the Kenya and Uganda assets due to a reduction in the group's long-term accounting oil price assumption from $75 (Sh7,650) per barrel to $65 (Sh6,630) per barrel," Tullow said in a trading update.

Crude oil prices have traded below the $75 per barrel mark since October 2018 and have fallen further in recent days to $49.5, slipping below Tullow’s new target level.

Just30:
we are not the one in trouble



kenya's debt are popping as global economies get hit by a perfect storm.

We are not waiting for a bailout for crying out loud but I see one coming your way...let's call it the 17th resurrection

Just30:
we are not the one in trouble



kenya's debt are popping as global economies get hit by a perfect storm.

You are in deep trouble. Wait until money from rich economies stop trickling to IMF...

Just30:


im laughing at the misery of Kenya as Tullow get your government more into debt by pilling up bills through the Turkana oil scam

Theres no scam. kenyan armchair media calls every govt project a scam to gain readership

mtisTheQubit:

Debt is good if used wisely.bailout is bad...itso for suckers who can't manage themselves

but we know the case of kenya were the debts were not used wisely hence your incapacity to pay up.

Recycling debt has strangled your economy to be less productive economy on the same level with Senegal.

mtisTheQubit:


I really really think Ghana don't know much about IMF.they don't know why many countries don't want their stuff..few countries survive imf bs. .ask greece

today, taking IMF money is better than exposing yourself up for capitulation from China

mtisTheQubit:


I really really think Ghana don't know much about IMF.they don't know why many countries don't want their stuff..few countries survive imf bs. .ask greece

True

every day kenya this kenya that. and I ask myself, is there another kenya apart from the poverty/debt-ridden one somewhere in east africa? stop smokig weed and speaking trash because kenya is not a paradise, in fact kenya is not a country to gloat about,huh? tourists have turned the rest of you into slaves fvcking your wives and daughters upanddown and the stvpid, lazy men are cheering them because of a few dollars kwaseato

TayserMahrii:

RUBBISH. And you think other countries cannot out up this same defence you just put out? is it only in kenya that the media calls govt projects a scam?

[s]

TayserMahrii:


Theres no scam. kenyan armchair media calls every govt project a scam to gain readership

[/s]

mtisTheQubit:

We are not waiting for a bailout for crying out loud but I see one coming your way...let's call it the 17th resurrection

you are waiting for another loan from China to balance maturing debts and support the ksh as China hold on to your port as debt guarantee

Just30:
did anyone mention Germany ?

nice deflections

the piper is coming to collect

That implies you dont even know stock markets have been collapsing in Germany. See? told you ghananina operates on the micro scales. There was no deflection there, only that if you are not well versed with the current news and stock markets you wouldn't know why I posed that question.

[s]

TayserMahrii:


That implies you dont even know stock markets have been collapsing in Germany. See? told you ghananina operates on the micro scales. There was no deflection there, only that if you are not well versed with the current news and stock markets you wouldn't know why I posed that question.

[/s]

TayserMahrii:


GPS is based on General Relativity theory I'm sure you know that just trying to be cheeky

Let's go bro,,, starting with halo...prove it's a halo

A theory is a contemplative and rational type of abstract or generalizing thinking about a phenomenon, or the results of such thinking. (copy an paste)
anyway you formulate a theory then test it..General Relativity theory have been tested an so far its holding..there so many theories which have not been tested..like string theory,multiverse theory..but my halo theory just waiting advancement in tech (am building the hardware )

TayserMahrii:


You are in deep trouble. Wait until money from rich economies stop trickling to IMF...

We are safe
IMF 900 million has been fully paid.



Stop defaulting on the Chinese loan
Increase the patriotism tax so you can afford to pay up.

paying patriotism tax is a sign of trouble

Torture2020:
RUBBISH. And you think other countries cannot out up this same defence you just put out? is it only in kenya that the media calls govt projects a scam?

[s][/s]

I can sense the insecurity in you mudder fugger

TayserMahrii:


Theres no scam. kenyan armchair media calls every govt project a scam to gain readership

which one is a government project again ?

Torture2020:
what exactly is wrong with kenyans? they sold their first oil and already the money has disappeared

https://www-businessdailyafrica-com.cdn.ampproject.org/c/s/www.businessdailyafrica.com/economy/Parliament-orders-release-of-secret-State-oil-export-deal/3946234-5483680-view-asAMP-5qv4rhz/index.html


Parliament orders release of secret State oil export deal
Monday, March 9, 2020 10:36

Parliament has given the Treasury 90 days to make public how proceeds of Kenya’s first crude oil exports were used .


By VICTOR JUMA

Kenya made its first crude oil exports in August last year, earning an estimated $12 million (Sh1.2 billion) from the sale of 250,000 barrels.
The oil was bought by ChemChina (UK) Ltd, the oil trading arm of ChemChina Petrochemical Co. Ltd.
Parliament wants to know how much the joint venture partners —Total and Tullow — earned. The agreement remains top secret.

Parliament has in a transparency drive given the Treasury 90 days to make public how proceeds of Kenya’s first crude oil exports were used.



Parliament wants to know how much the joint venture partners —Total and Tullow — earned. The agreement remains top secret.
.

first summarise your stuff..second Kenya is not much interested in oil..we are diverse economy..we dont depend on fossils to survive like other
fossil economies from WAs

TayserMahrii:


That implies you dont even know stock markets have been collapsing in Germany. See? told you ghananina operates on the micro scales. There was no deflection there, only that if you are not well versed with the current news and stock markets you wouldn't know why I posed that question.

i know and i dont mind because they are safe.

If Germany is in trouble, you are in trouble because of your debt exposure to them as they pull themselves up to safe their market.

worry about your precarious situation

Just30:


We are safe
IMF 900 million has been fully paid.



Stop defaulting on the Chinese loan
Increase the patriotism tax so you can afford to pay up.

paying patriotism tax is a sign of trouble

we are rich, we dont default...we not like a certain country i know