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Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India - Business (2) - Nairaland

Nairaland Forum / Nairaland / General / Business / Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India (24600 Views)

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Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by INTERMAN: 11:18am On Jun 26, 2015
Good news
Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by gamaliel121(m): 11:18am On Jun 26, 2015
God bless nigeria and all Nigerians
Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by Nobody: 11:20am On Jun 26, 2015
hefty4real:
So will this increase the price of crude oil?
Ans: The answer is still No
So y is this news angry
Carries his kunu with his goro and runs off thread

Are you minding the dolts trying to deceive Nigerians that all is still well.. China has stopped buying Nigerian Crude thanks to Russia, UK is relying heavily on Russian Gas lines.

Can @Op also note that since December 2014 Tankers berthed with Brent Crude have not discharged till date even when they tried to sell at a heavily discounted $38 per barrel. even if Nigeria became the Top supplier to Mars.. it won't raise the price of crude neither will it cause Nigeria to hit OPEC Minimum crude export of 20% of Total annual export allocation which since the past 20 years we have not been able to meet talk-less surpass

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Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by BekeeBuAgbara: 11:21am On Jun 26, 2015
Still Nigeria's treasury is ''virtually empty''.

1 Like

Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by Nobody: 11:23am On Jun 26, 2015
I hope d man on d street 'll feel d impact


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Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by shaboti: 11:24am On Jun 26, 2015
*modified
Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by Rexnegro(m): 11:26am On Jun 26, 2015
Feranmicharles:
Is it gonna be profitable for us

If is still no.... Sorry,angry this no news
I tink yes , right now Nigeria is fuccking broke financially , we have a product , no buyer , and suddenly u ve one won't dat be sometin nice bizness-wise ? Since US left us as major buyer last year our naira has been falling since then, they saw a price lesser somewhere and they went for it. That's wat is happening to Saudi Arabia now. So to me is a good news when u also consider the population of India . If na sao tome n principle na wey they no reach alimosho lga in term of population then u can say its no news since they won't be buying much as a result of their population. But India ? Oh no its a news.
Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by arabianights: 11:29am On Jun 26, 2015
berrystunn:



Tah....so you think is from baba?


who is it from,mama? look alot of countries have growing interest in investing in nigeria based on change in govt mind u govt is and will always be one of the key determining factor for investments.
There is growing faith in their money growing and not losing due to corruption et all

1 Like

Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by 400billionman: 11:30am On Jun 26, 2015
Nigeria, trying so hard to stay relevant..
Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by donbrowser(m): 11:31am On Jun 26, 2015
bushdoc9919:
[size=16pt]Don't rejoice please.[/size]

India is just as poor as Nigeria. And anyway.....everyone is producing oil.

Nigeria should stop looking to other countries to save us.Instead...let us save ourselves by developing an industrial economy.

Resource dependency leaves you dependent.

This is not good news.
You don't understand simple terms
Now read carefully
Saudi Arabia was making more money than Nigeria before through India by supplying more oyel to them
But now Nigeria is overtaken them.
Do you understand?
*If this keep going and we can reduce our importation. Our Naira will look good like overfed chicken
Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by emillionaire: 11:31am On Jun 26, 2015
buahari is working!!!
Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by Nobody: 11:33am On Jun 26, 2015
does it change anything? i don't think so!
Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by StOla: 11:37am On Jun 26, 2015
The very reason why the government will never act against Indian companies breaking the law in Nigeria.

Even Dana Airline avoided the hammer because of superior diplomatic lobby of the Indians using their other interests in Nigeria and their oil purchases to keep the Nigerian government humble.

It pays to be the senior in an international diplomatic partnership.
Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by Captainswag225(m): 11:38am On Jun 26, 2015
still waiting for 1 naira= 1 dollar
Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by Youngzedd(m): 11:38am On Jun 26, 2015
Change is here to stay.

1 Like

Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by allanphash7(m): 11:39am On Jun 26, 2015
The legislooters will be singing Godmin now





Enof money to loot
Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by petermichaels(m): 11:40am On Jun 26, 2015
Dis is gud news. At least we will get dem tinking str8.
Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by Rapbender(m): 11:41am On Jun 26, 2015
good news? well, maybe. but we still dey suffer for fuel in our own country
Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by Nobody: 11:41am On Jun 26, 2015
BashirAhmad1:
All this happening even before Baba appoint his cabinets, really there are bright future ahead. I see Nigeria taking over everything from other countries. I see Nigeria becoming one of the world super power. I see Nigeria competing with USA, UK, KSA and rest. I see hope filled all over Nigerians' faces.

Baba can do it!

Did you also see #1 = $1 as well?
Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by engrfaruq(m): 11:47am On Jun 26, 2015
hefty4real:
So will this increase the price of crude oil?
Ans: The answer is still No
So y is this news angry
Carries his kunu with his goro and runs off thread

If you dont know, Nigeria has been struggling for where to sell its oil... U.S has sharply cut down importing Nigeria's oil and most of our Oil goes to U.S market... With India getting interest in our Oil... that of course calls for Jubilation.

2 Likes

Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by Nobody: 11:55am On Jun 26, 2015
donbrowser:

You don't understand simple terms
Now read carefully
Saudi Arabia was making more money than Nigeria before through India by supplying more oyel to them
But now Nigeria is overtaken them.
Do you understand?
*If this keep going and we can reduce our importation. Our Naira will look good like overfed chicken

Nope....all oil producers are seeing diminishing returns.

Just because India is buying our oil....does not make the oil price go up, nor does it mean we are earning enough from oil...especially as America and China are not buying our oil like they used to.
Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by Feranmicharles(m): 11:58am On Jun 26, 2015
Rexnegro:

I tink yes , right now Nigeria is fuccking broke financially , we have a product , no buyer , and suddenly u ve one won't dat be sometin nice bizness-wise ? Since US left us as major buyer last year our naira has been falling since then, they saw a price lesser somewhere and they went for it. That's wat is happening to Saudi Arabia now. So to me is a good news when u also consider the population of India . If na sao tome n principle na wey they no reach alimosho lga in term of population then u can say its no news since they won't be buying much as a result of their population. But India ? Oh no its a news.
you think? Well sha,angry so u r considering their poulation,at what price are r gonna sell?
Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by dhorlipizzu(m): 12:03pm On Jun 26, 2015
amolak:
source not sauce is there


Buh this op sha!!! Na bookuru u be oooo... source not sauce grin
Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by amolak: 12:07pm On Jun 26, 2015
Feranmicharles:
he's correclty right,sauce adds aroma and sweetness to any soup,so is source. He's jus using indirect speechangry
Are u kidding me? we are not talking about peppersoup now
Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by amolak: 12:11pm On Jun 26, 2015
dhorlipizzu:



Buh this op sha!!! Na bookuru u be oooo... source not sauce grin
hahaha! which one be bookuru again? you be bookuru too, if na curse. back to sender

1 Like

Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by Feranmicharles(m): 12:12pm On Jun 26, 2015
amolak:
Are u kidding me? we are not talking about peppersoup now
do u knw what indirect speech is,@all
Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by dhorlipizzu(m): 12:15pm On Jun 26, 2015
amolak:
hahaha! which one be bookuru again? you be bookuru too, if na curse. back to sender

Op amen ooo... bookuru mean say u too know that thing wey oyinbo dey call book.... grin
Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by Uchwilliam(m): 12:16pm On Jun 26, 2015
gud
Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by Nobody: 12:19pm On Jun 26, 2015
Feranmicharles:
do u knw what indirect speech is,@all

The word is metaphor
Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by amolak: 12:19pm On Jun 26, 2015
Feranmicharles:
do u knw what indirect speech is,@all
No sir! Mr teacher, teach me more, but don't teach me nonsense embarassed
Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by amolak: 12:22pm On Jun 26, 2015
dhorlipizzu:


Op amen ooo... bookuru mean say u too know that thing wey oyinbo dey call book.... grin
ok, I receive it, back to me then grin
Re: Nigeria Replaces Saudi Arabia As Top Crude Oil Supplier To India by Feranmicharles(m): 12:25pm On Jun 26, 2015
kalindaminda:


The word is metaphor
you can say that againgrin

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