if a barrel a ile a sell fi somemuch how come 25cents is

[evanovitch]

suppose fi be a good deal? smaddy please explain all dis to mi including wat is liffing di ile etc..weh di ile come from an why ongle 25 cents we get if is fi wi ile [img]/forums/images/%%GRAEMLIN_URL%%/blush.gif[/img]


Swiss company to lift oil on Jamaica's behalf


Cabinet has given the go-ahead to the Switzerland-based oil company, Glencore International, to lift Nigerian crude oil on behalf of Jamaica.

This oil will then be sold on the world market and the country will receive US 0.25 cents per barrel.

Prime Minister Bruce Golding made the announcement at his first post-Cabinet press briefing held at Jamaica House recently.

Matter of urgency

In explaining the decision to award the contract to Glencore International, Mr. Golding said that oil lifting is scheduled to take place next month." We took that decision as a matter of urgency, so as not to lose the opportunity for the October lifting".

He indicated that Government had put out a tender and Glencore International made the highest bid in terms of price offered. Glencore made a bid of US 0.25 cents per barrel as opposed to the previous US 0.12 cents per barrel from the Dutch oil company, Trafigura Beheer.

"That company was recommended by the National Contracts Commission to be awarded the contract to lift the Nigerian oil," he added.

[Dr.Dudd]

Re: if a barrel a ile a sell fi somemuch how come 25cents is

That smal quantity is not economically feasible to do much with. So they have to find sombody with the abillity to take it on on a daily basis. In other words if you don't take it for a day you loose it. and in reality it is not taken every day and Jamaica loose the lot.

[evanovitch]

Re: if a barrel a ile a sell fi somemuch how come 25cents is

so u saying dat dis supposedly altruistic country have us literally ovah di barrel [img]/forums/images/%%GRAEMLIN_URL%%/70402-thinking.gif[/img]

[evanovitch]

Re: if a barrel a ile a sell fi somemuch how come 25cents is

because i am supposing dat dem already a lift dem own so doing ours is juss a matter of course...so given dem upperhand financially why dem juss no do betta dan 25cents

[Dr.Dudd]

Re: if a barrel a ile a sell fi somemuch how come 25cents is

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: evanovitch</div><div class="ubbcode-body">so u saying dat dis supposedly altruistic country have us literally ovah di barrel [img]/forums/images/%%GRAEMLIN_URL%%/70402-thinking.gif[/img] </div></div>
Not really you can't loose what you don't have. It cosy us nothing to leave it there and we arec likelt to make make up to US$7'500 perday at 25 cents perbarrell.
that's the kind of barrell any one would love to be over.

[RichD]

Re: if a barrel a ile a sell fi somemuch how come 25cents is

wahalla did explain what was meant by lifting[img]/forums/images/%%GRAEMLIN_URL%%/70402-thinking.gif[/img]

[Dr.Dudd]

Re: if a barrel a ile a sell fi somemuch how come 25cents is

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: evanovitch</div><div class="ubbcode-body">because i am supposing dat dem already a lift dem own so doing ours is juss a matter of course...so given dem upperhand financially why dem juss no do betta dan 25cents </div></div>
By God she got it!!

[evanovitch]

Re: if a barrel a ile a sell fi somemuch how come 25cents is

a who u a cawl he...mi alreddy ha u awf fi di incomplete diet ting [img]/forums/images/%%GRAEMLIN_URL%%/70400-talktohand.gif[/img]

[Dr.Dudd]

Re: if a barrel a ile a sell fi somemuch how come 25cents is

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body">wahalla did explain what was meant by lifting[img]/forums/images/%%GRAEMLIN_URL%%/70402-thinking.gif[/img] </div></div>
lifting refers to th eprocess of extracting the oil from th ewells. they can't extract more oli that they have storage capacity for. and storage caopacity is restricted to the abillity to clear th eholding takns by reansporting the oild somehhere else. So the boittle neci is really at the transport sector. So any company that can transport the poil is paid a lifting fee. since we don't used that type of oil they have to find a refinery that is caopable of taking it of them on a daily basis.

[Dr.Dudd]

Re: if a barrel a ile a sell fi somemuch how come 25cents is

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: evanovitch</div><div class="ubbcode-body">a who u a cawl he...mi alreddy ha u awf fi di incomplete diet ting [img]/forums/images/%%GRAEMLIN_URL%%/70400-talktohand.gif[/img] </div></div>
Duly corrected milady.

[evanovitch]

Re: if a barrel a ile a sell fi somemuch how come 25cents is

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body">wahalla did explain what was meant by lifting[img]/forums/images/%%GRAEMLIN_URL%%/70402-thinking.gif[/img] </div></div>

mi wudda love fi share ur lifting still boooo [img]/forums/images/%%GRAEMLIN_URL%%/70377-loveeyes.gif[/img] [img]/forums/images/%%GRAEMLIN_URL%%/704555_dwl.gif[/img]

[Dr.Dudd]

Re: if a barrel a ile a sell fi somemuch how come 25cents is

A lot of The rest of the diet thing have to be personally tailored to the person. I will deal wwith the rest on that basis.
there are some questions Ai have to ask,but I can't expect people to publish their health status on the public fora. Anyway this take up a lot of my tome so I have to do it as time allows.

[evanovitch]

Re: if a barrel a ile a sell fi somemuch how come 25cents is

so u a go link di I pon den lata [img]/forums/images/%%GRAEMLIN_URL%%/70409-waytogo.gif[/img]

[Wahalla]

Re: if a barrel a ile a sell fi somemuch how come 25cents is

I suspect it would also be a take or pay contract....Note the costs are held by the brokerage firm.... so given the troubles in Nigeria at the moment we wont have the liabity.. Note this means we have a lower cost of transport.. dont have the head aches associated with deburage...