Nigeria and how to squeeze more out of their oil production.

[go west young man]

When it comes to economic opportunity oil rich Nigeria has some of the greatest potential in the world. They are sitting on an estimated 37 billion barrels of the black gold and rank 15th in the world in oil production. The International Monetary Fund and Paris Club relieved Nigeria of $18 billion in debt in 2008 due to the fact that politically the government has shown the will to implement market oriented reforms such as cleaning up the banking sector and resolving regional disputes over oil earnings. GDP in Nigeria has begun to rise. And as economic reform continues to take place Nigeria is poised to expand it's global earnings potential. The oil Nigeria produces and exports is low sulfur oil with an API margin of between 29 and 47 API gravity.
If the Nigerian National Petroleum Corporation (NNPC) or any of the major oil companies that operate in Nigeria adopted new technologies for refining the heavy crude oil production and profits could be greatly expanded. For example, Viscoil Technology and Upgrading equipment could increase distillate yield by 10 to 30%. Sulfur content with Viscoil tech could be decreased by as much as 10%. Coke content by 8 to 15%. Viscosity by 25 to 50%! The overall fuel cost by 3 to 5% and this all means an expected increase in profits from oil products of between $6.00 to $11.00 per barrel a day. Potentially Nigeria has the opportunity to increase profits from oil by up to 60 billion dollars. In the Niger Delta alone profits would rise over $2 million dollars a day. That's $740 million over 30 years. The beautiful thing about Viscoil Technology is that due to the hydroacoustic vibrations and the breakdown of the heavy crude in the modification chamber API yield is far greater than with normal heavy crude. Within months of using the new technology companies will see an immediate increase in profits. This increase could be substantial for a country such as Nigeria where even with free government supported education secondary school attendance is less than 35%. A country where diseases such as AIDS, malaria, typhoid and yellow fever are rampant could bring more health related services to it's people. Education and good health bring with it in turn more freedom and a better standard of living. A rising tide lifts all boats. That's why Viscoil adaptation is pertinent to the future of Nigeria and the oil industry as a whole. If Nigeria was to adapt to a 30 year program with Viscoil Technology there would be 60 billion dollars in expanded profits. This in turn could be financed at 4% annually and ten times more could be made on it. 600 billion dollars is a lot for Nigeria and it equates to a lot of new jobs and a lot of motivated educated young people. More young people would have solid jobs instead of pursing lives of crime and drugs. There is also the potential for China to show more interest in Nigerian oil. Bringing with it many new job opportunities. Essentially Nigeria is on the upswing but it can only go higher with the adaptation of Viscoil Tech. Nigeria as Africa's largest exporter of oil and one of the U.S.'s most favorable trading partners is sitting in the cat bird seat. All they have to do is act upon it.

[cutlassmama]

1. When do we go to war with Nigeria? Pretty soon is my guess...

[4dsc]

2. Nigeria is the most corrupt nation on the planet.

I don't expect this to much beyond the ruling elite in Nigeria.

[IDemo]

3. "A rising tide lifts all boats."

Oil has certainly done wonders for the land and people so far, hasn't it?

[go west young man]

5. No doubt oil has done the planet no favors but it's not going

to change anytime very soon. My post is about trying to get more for the people of Nigeria.
By using better refining techniques they can generate more revenue for education and
fighting poverty. Technology is part of the answer to the worlds problems too.

[IDemo]

6. It is not better refining techniques they need

Unless they can boot out the corrupt government and gain at least some level of control over Shell Oil, the economy and the people will not benefit. It does not appear that is going to happen any time soon.

http://www.compassnewspaper.com/NG/index.php?option=com_content&view=article&id=68200:nigeria-has-not-internalised-oil-revenue-for-sustainable-development-&catid=111:energy&Itemid=712
If we had done well with the management of the oil revenue, Nigeria’s level of development would have been much better than what it is now whereby Nigeria is still being classified as one of the poorest countries in the world. Human development index has shown Nigeria among the poorest countries in the world. With the billions of dollars we have reaped from the oil industry, we have not been able to utilise it to develop infrastructure, to have good quality education for our children, high quality health system that will make Nigerians take good care of themselves, as against rushing to Europe or Indian or South Africa or America for treatment. Internalisation of the oil resources will enable us to develop road infrastructure, it will enable us to put our manufacturing sector on a sound footing whereby we will not be importer of all manners of manufactured goods, but we will be the producers of these products. The Nigerian economy is now being dubbed as the second biggest economy in sub-Sahara Africa. We have the resources and we have the potential to be the biggest economy in sub-Sahara Africa. If we had channeled the oil resources into the economy properly, Nigeria’s economy would have performed much better. The political class has benefited immensely from the oil resources and the benefits have been in the form of squandering the riches of the country with the end result that we have not got anything to show for the natural endowment we have, which has been exploited over the years.

[AlecBGreen]

4. the family and friends of Ken Saro-Wiwa have feelings on the issue

not to be debbie downer but that nation is a political and ecological mess. I hope they can get their act together.

[Glassunion]

7. They are starting to head in the right direction. I think we can all get behind them on this...

http://newsone.com/world/casey-gane-mccalla/nigeria-will-charge-dick-cheney-in-halliburton-bribery-case/

I high-fived myself after reading this.

[txlibdem]

8. Nigeria is now safe for endless oil company exploitation

Now that they've killed or imprisoned all the anti-oil activists who were trying to expose oil company atrocities and oil related pollution.

WARRI, Nigeria — Nigerian warplanes bombed a village near a militant camp and soldiers opened fire with machine guns, killing as many as 150 people, human rights activists and witnesses said Friday.

http://www.huffingtonpost.com/2010/12/03/military-attack-in-nigeri_n_791551.html

Nigerian military attack in oil-rich delta kills as many as 150 people, human rights activist says.

Post by admin on Sun, 12/05/2010 - 10:55
in News
(AP) A Nigerian military attack using heavily armed soldiers and aerial bombing runs has killed as many as 150 people in the oil-rich southern delta, a human rights activist said Friday.

Oghebejabor Ikim, national coordinator for the Forum of Justice and Human Rights Defense, told The Associated Press civilians have suffered a heavy toll in the military operation that began Wednesday. He did not say how many of the 150 dead were civilians, but said militants left the area before the offensive began.

The attacks on a village in the Niger Delta continued Friday as the military tried to kill or capture a militant called John Togo who officials said gave up on a government-sponsored amnesty program. The amnesty program for militants brought an uneasy calm to a region vital to U.S. oil supplies, which is now threatened by new militant attacks and government offensives that put civilians at risk.

"I can describe it as a killing spree of innocent civilians," Ikim said. "Houses have been burnt. Women are raped. There are killings. Is that how to get at John Togo?"

http://www.talkofnaija.com/news/nigerian-military-attack-oil-rich-delta-kills-many-150-people-human-rights-activist-says

Get educated on oil company abuses in Nigeria:

Shell in Nigeria: What are the issues?

http://www.essentialaction.org/shell/issues.html

Who knows how many deaths, rapes, beatings, etc., the oil companies are getting away with in other parts of the world? I can only guess...

What can we do to avoid supporting these criminals with our dollars?
1. Drive an electric car if possible. Most Americans drive less than 40 miles per day, the Nissan Leaf has a 100 mile range maximum.
2. If your vehicle is FlexFuel capable, buy E85 more often.
3. If you must buy plastic items try to only buy ones that are NOT made from oil.
4. Keep hounding the politicians local, state, and national for renewable energy and putting a price on carbon emissions
5. ... any more that you can think of??? ...