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If 4 million barrels of oil are being shipped out of Nigeria daily at $100 a barrel, times 30 days a month times 12 months you arrive at almost $150 Billion a year in potential oil revenues for Nigeria.
The problems is not just theft but the fact that the western oil companies are literally looting Nigeria’s oil, paying as little as a 9% royalty.
Do the math, 9% of $150 Billion minus the one third oil that is stolen and the Nigerian government only receives about $10 billion a year of this amount.
Simply put, at $100 a barrel the western oil companies get $91 and Nigeria only gets $9. Or more shockingly, Big Oil makes $140 billion a year vs. Nigeria’s $10 Billion.
revolutions wrote:
This just makes me sick to my stomach.
If 4 million barrels of oil are being shipped out of Nigeria daily at $100 a barrel, times 30 days a month times 12 months you arrive at almost $150 Billion a year in potential oil revenues for Nigeria.
The problems is not just theft but the fact that the western oil companies are literally looting Nigeria’s oil, paying as little as a 9% royalty.
Do the math, 9% of $150 Billion minus the one third oil that is stolen and the Nigerian government only receives about $10 billion a year of this amount.
Simply put, at $100 a barrel the western oil companies get $91 and Nigeria only gets $9. Or more shockingly, Big Oil makes $140 billion a year vs. Nigeria’s $10 Billion.
Akele wrote:this moron cracker still talking lol
revolutions wrote:Akele wrote:this moron cracker still talking lol
Adwash, my ungrateful, back-stabbing Tigraway brother from Adwa,
His tax dollars are keeping you woyanes alive. Don't bite the white hand that feeds ya!
Akele wrote:revolutions wrote:Akele wrote:this moron cracker still talking lol
Adwash, my ungrateful, back-stabbing Tigraway brother from Adwa,
His tax dollars are keeping you woyanes alive. Don't bite the white hand that feeds ya!
the only fat, ugly, white journalist in eritrea, shame shame on you robots. 30 yrs plus over 100,000 dead for this..shame shame
hmantes wrote:revolutions wrote:
This just makes me sick to my stomach.
If 4 million barrels of oil are being shipped out of Nigeria daily at $100 a barrel, times 30 days a month times 12 months you arrive at almost $150 Billion a year in potential oil revenues for Nigeria.
The problems is not just theft but the fact that the western oil companies are literally looting Nigeria’s oil, paying as little as a 9% royalty.
Do the math, 9% of $150 Billion minus the one third oil that is stolen and the Nigerian government only receives about $10 billion a year of this amount.
Simply put, at $100 a barrel the western oil companies get $91 and Nigeria only gets $9. Or more shockingly, Big Oil makes $140 billion a year vs. Nigeria’s $10 Billion.
Numbers that not only make you cringe at the thought...but actually make yu sick to the stomach.
Akele wrote:revu
tembenai isaias afkelbi has jailed all pure pure through and through eritrean journalist except one so called white guy journalist lol...blood sucking vampire wedi 40
king wedi 40 in the land of awate..shame shame
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