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Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg - Politics (2) - Nairaland 1i3p2e

Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg (25967 Views)

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Zwooks: 9:48pm On Aug 16, 2024
Guestlander:


Ethnocentric as Dangote is a Yoruba man? Where do people like you come from?


Nigeria isn't Dangote's estate, periodT
Rossikk(m): 9:49pm On Aug 16, 2024
Zwooks:




Putin threatened by Nigeria ?


Go research the number of barrels Russia refines per day


Go research the quantity of fertilizer Russia produces thanks to its Crude reserves


Go research the quantity of Crude reserves Russia has


Go research the vast amount of lands Russia cultivates from its Oil wealth



Learn to read wide so as to get better enlightened before making public comments please


As for Nuclear power issues, please what country is Nigeria contracting to build mini Nuclear power stations ? Do you youths read after watching porn at all

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, ing 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

Adakintroy: 9:49pm On Aug 16, 2024
People don't understand how Lagos is about to explode.

Refinery set to take off in lag.

Plus president is from west.

3 Likes

Chetas81(m): 9:50pm On Aug 16, 2024
Zwooks:




Putin threatened by Nigeria ?


Go research the number of barrels Russia refines per day


Go research the quantity of fertilizer Russia produces thanks to its Crude reserves


Go research the quantity of Crude reserves Russia has


Go research the vast amount of lands Russia cultivates from its Oil wealth


Go research the number of working refineries Russia is involved in


NNPC runs into deficits from year to year. Last year was the only year since as far back as I've known GAZPROM, that it didn't make profit. These countries rake in $100BN in oil profits, whereas Nigeria can't even produce it's own tomatoes and peppers despite its vast oil reserves



Learn to read wide so as to get better enlightened before making public comments please


As for Nuclear power issues, please what country is Nigeria contracting to build mini Nuclear power stations ? Do you youths read after watching porn at all
slow down your Ferrari lol
Hammylawali: 9:51pm On Aug 16, 2024
Zwooks:



Good. Because the nation will not terminate hundreds of crude contracts to please Dangote


Two, the nation is a bigger entity than Dangote and he can't dictate the pace and policy direction of the country. He has been doing it forever. This is where it stops


Three, refineries all over the world buy crude from so many sources. Dangote is free to go to Libya, Algeria, Malta, Iran to source his crude but the nation will no longer be subservient to him

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

Zwooks: 9:51pm On Aug 16, 2024
Rossikk:


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 on the opportunity for African gas to help end European dependency on Putin's gas post-Ukraine war.

What? Your white superhuman 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, ing 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



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

DeepSight(m): 9:52pm On Aug 16, 2024
Rossikk:
This country will shake the world.

In fact we're already shaking the world.

But more to come.

See how Dangote Refinery is making the whole world tremble, especially Europe.

What will they say when we now complete our 35 billion dollar gas pipeline that is heading straight to Europe as we speak?

That will end Russia's status as the monopoly supplier to Europe, and triple our annual income.

We better go and start adding nuclear capability to our military.

Because I don't think Putin is finding all these moves by Nigeria funny at all.

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

Guestlander: 9:52pm On Aug 16, 2024
Zwooks:



Nigeria isn't Dangote's estate, periodT

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

NinjaMetahuman: 9:52pm On Aug 16, 2024
Rossikk:
This country will shake the world.

In fact we're already shaking the world.

But more to come.

See how Dangote Refinery is making the whole world tremble, especially Europe.

What will they say when we now complete our 35 billion dollar gas pipeline that is heading straight to Europe as we speak?

That will end Russia's status as the monopoly supplier to Europe, and triple our annual income.

We better go and start adding nuclear capability to our military.

Because I don't think Putin is finding all these moves by Nigeria funny at all.
I missed this dude.

The patrioticman grin

3 Likes

ecomalchemistt(m): 9:54pm On Aug 16, 2024
All this one na big big grammar
Zwooks: 9:54pm On Aug 16, 2024
Guestlander:


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.



Dangote is a quota system criminal who's only legacy is using s 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

Naijaepic: 9:55pm On Aug 16, 2024
And the pipelines past through Niger, that was in romance with Putin.

It equally past through places, where internal conflict is predominant


Rossikk:
This country will shake the world.

In fact we're already shaking the world.

But more to come.

See how Dangote Refinery is making the whole world tremble, especially Europe.

What will they say when we now complete our 35 billion dollar gas pipeline that is heading straight to Europe as we speak?

That will end Russia's status as the monopoly supplier to Europe, and triple our annual income.

We better go and start adding nuclear capability to our military.

Because I don't think Putin is finding all these moves by Nigeria funny at all.
loswhite(m): 9:57pm On Aug 16, 2024
Zwooks:
Dangote should source his feedstock anywhere he so pleases and leave the country alone. Also, the refinery wasn't constructed to consume the nations crude. It was constructed because Dangote wanted to explore the industry. Nigeria must not be made an estate of Dangote
shut up

4 Likes 1 Share

Zwooks: 9:57pm On Aug 16, 2024
loswhite:
shut up


Cry
Guestlander: 9:59pm On Aug 16, 2024
Zwooks:




Dangote is a quota system criminal who's only legacy is using s 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 ?

Right. What a load of nonsense.

4 Likes

IamaNigerianGuy(m): 10:01pm On Aug 16, 2024
Rossikk:
This country will shake the world.

In fact we're already shaking the world.

But more to come.

See how Dangote Refinery is making the whole world tremble, especially Europe.

What will they say when we now complete our 35 billion dollar gas pipeline that is heading straight to Europe as we speak?

That will end Russia's status as the monopoly supplier to Europe, and triple our annual income.

We better go and start adding nuclear capability to our military.

Because I don't think Putin is finding all these moves by Nigeria funny at all.

Some of you just write nonsense.
1. Only a country led by men 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

KingOfTheDamned: 10:02pm On Aug 16, 2024
Zwooks:
Dangote should source his feedstock anywhere he so pleases and leave the country alone. Also, the refinery wasn't constructed to consume the nations crude. It was constructed because Dangote wanted to explore the industry. Nigeria must not be made an estate of Dangote

Typical Yoruba boy , filled with hate tribalism.and envy.

Waazaga
Zwooks: 10:02pm On Aug 16, 2024
KingOfTheDamned:


Typical Yoruba boy

Me ke. If I kunnk your bald head angry

1 Like

Rossikk(m): 10:02pm On Aug 16, 2024
Zwooks:




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.

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

IamaNigerianGuy(m): 10:02pm On Aug 16, 2024
Zwooks:
Dangote should source his feedstock anywhere he so pleases and leave the country alone. Also, the refinery wasn't constructed to consume the nations crude. It was constructed because Dangote wanted to explore the industry. Nigeria must not be made an estate of Dangote

Exactly. The man is trying hard to position a private business as a national project.

2 Likes 1 Share

Zwooks: 10:03pm On Aug 16, 2024
Rossikk:


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 your slavemaster.




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?

.

Remind yourself the title and contents of your thread again. Perhaps you deal with mild amnesia

1 Like

bdon123(m): 10:03pm On Aug 16, 2024
Zwooks:
Dangote should source his feedstock anywhere he so pleases and leave the country alone. Also, the refinery wasn't constructed to consume the nations crude. It was constructed because Dangote wanted to explore the industry. Nigeria must not be made an estate of Dangote
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

Zwooks: 10:04pm On Aug 16, 2024
IamaNigerianGuy:


Exactly. The man is trying hard to position a private business as a national project.


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
Akaegwu(m): 10:05pm On Aug 16, 2024
Zwooks:
Dangote should source his feedstock anywhere he so pleases and leave the country alone. Also, the refinery wasn't constructed to consume the nations crude. It was constructed because Dangote wanted to explore the industry. Nigeria must not be made an estate of Dangote
Stupidity personified

2 Likes

Zwooks: 10:05pm On Aug 16, 2024
bdon123:

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.


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
bdon123(m): 10:07pm On Aug 16, 2024
Zwooks:



Good. Because the nation will not terminate hundreds of crude contracts to please Dangote


Two, the nation is a bigger entity than Dangote and he can't dictate the pace and policy direction of the country. He has been doing it forever. This is where it stops


Three, refineries all over the world buy crude from so many sources. Dangote is free to go to Libya, Algeria, Malta, Iran to source his crude but the nation will no longer be subservient to him
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

Zwooks: 10:08pm On Aug 16, 2024
bdon123:

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?


Go and read for Post Jamb abeg cheesy
Rossikk(m): 10:10pm On Aug 16, 2024
IamaNigerianGuy:


Some of you just write nonsense.
1. Only a country led by men constructs a garguantan gas line to another continent when itself generates < 4,000 MW of electricty

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

zivility: 10:14pm On Aug 16, 2024
Best thing a black man has done since Malcolm x

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