Islie:







• Cost of Brass project, gas trains scaled down




http://www.thisdaylive.com/index.php/2016/12/29/investors-meet-in-january-on-brass-lng-uncertainty-looms-over-oklng/

Nigeria is not a serious country, end of story!

DaudaAbu:
Is it that ondo state haa a way of not seeing refinery or gas or bitumen project to fruition in their domain?

Dangote refinery waa supposed to be sited at ondo state but for one reason or the other it was moved to lagos

Now Olokola LNG was supposed to be between Ondo and ogun state but somehow they also lost it to brass in Bayelsa

What is happening?

Too many juju. Too many shrines. Pushing away goodies. Real deliverance inevitable.

Suprnov3r:
Watching[b]
Whenever ignorant people write articles they usually quote "anonymous" sources to back up frivolous claims that have no standing with the reality on ground[/b]

Not everything is a GEJ or PMB issue

1. Conocophilips began this investment in 2006. The deals were negotiated by Obasanjo

2. Conoco decided to scale back their foreign operations globally for reasons best known to them in 2010. This affected many countries including Nigerian, Algerian and even canadian projects.

3. In Nigeria, they announced they were pulling out in 2013 but still refused to pull out completely. Nigeria's LNG was a huge market an investors flocked to buy it including Japan LNG who knew Brass LNG would be a big competition if they start

4. Conoco revised their withdrawal timeline again to 2014 as they were having second thoughts about pulling out. Most of the investors were discouraged by the delay and the drop in crude oil price at that period

5. They completely pulled out in 2015. The project was one of the first GEJ applied local content laws to a maximum. They had even trained a lot of street people. Many I knew personally. A lot of the FEED was done in Nigeria as against previous governments tactics were everything including the designs is done abroad

6. The Conoco delay caused the FID from being signed with new investors. Gej didn't fight conoco for many reasons one being they had a US government(obama) that was already fighting him on other issues

7. The current government inherited the whole quagmire and have been waiting it out. If you want to blame someone blame the government that negotiated a bad deal in the first place making it difficult for another government to force Conoco out

Bros, there is no deal that cannot be re-negotiated. Even if a previous govt had negotiated a bad deal, a successive govt can pull out the stops to investigate, resolve and close out the issue. 'Waiting it out' is not a solution. For how long will this govt wait?

The problem is that new investors are now needed to take over Conoco's role in the LNG project. LNG prices are not as bad as crude prices, and there are still foreign investors that can be persuaded to participate in the project, if govt creates an enabling environment for fresh investment, and actively lobbies them to come in by giving good incentives and proper support.

DaudaAbu:
Is it that ondo state haa a way of not seeing refinery or gas or bitumen project to fruition in their domain?

Dangote refinery waa supposed to be sited at ondo state but for one reason or the other it was moved to lagos

Now Olokola LNG was supposed to be between Ondo and ogun state but somehow they also lost it to brass in Bayelsa

What is happening?

Because the natives (of Ondo State) were not friendly. Actually, investors go to where their cash and their resources are given the greatest incentives and welcome.

Dangote took his refinery to Lagos, because Fashola's administration gave them access to land, fast-tracked govt approvals and did everything to woo Dangote to Lagos Free Trade Zone area in Lekki. They knew what they were doing.

In the past few years, Lagos state govt has put in place, policies, people and resources to attract foreign and local investment to their state. The state has so far received more Foreign Direct Investment in the last 16 months than what was achieved in the last 10 years.

This is what Ambode said recently:

“When I won the election, one of my priorities was to see how to improve on the ease of doing business in Lagos and I also believe that we needed to carry out some kind of public sector reforms to drive the vision which we had actually set for ourselves and we needed to also have a kind of structure and institutional framework that would drive the vision.

“The vision is very simple: we want a safer, cleaner and a more prosperous Lagos and one of the structures would be if we want to tackle the issue of bureaucracy in the civil service, we needed to have a 24/7 one-stop shop office where we can drive investment especially where our businessmen can actually walk into and get everything that they need. In going about that, we decided to come up with the office of Oversees Affairs and Investment, otherwise known as Lagos Global.” https://www.today.ng/news/nigeria/209320/lagos-attracted-foreign-investments-16-months-10-years-ambode

The Ondo State govt at that time folded his arms and expected Dangote to come cap-in-hand begging for his assistance. Another major problem was that the Niger-Delta Ilaje/Ijaw communities in Ondo State where the refinery should have been sited were not cooperative. Can you see the difference, now?

Dangote Relocates Refinery To Lagos | SOCIETYREEL NEWS |

The Olokola Free Trade Zone in Ondo State has lost the opportunity to host the proposed Dangote Oil refinery.
It would be recalled that Africa’s wealthiest man, Aliko Dangote, signed a multi-billion dollar deal with banks to finance the building of the oil refinery last year.

The refinery, Dangote told the media would be the largest in Africa, turning Nigeria into a petroleum exporter.

Authoritative sources involved with the development of the refinery informed ionigeria.com that the refinery will now be sited at the Lekki Free Trade Zone in Lagos. Our resources also told us that the decision to move it to Lagos was final as survey work has already begun at the Lekki location.

It was also gathered that the relocation was informed by the inability of the Dangote Group to reach agreement with the communities in Ondo State who were described as very difficult.

According to one of our sources, who is actively involved in the project, Alhaji Aliko Dangote initially settled for Ondo state because of the relative peace in the state compared to other Oil producing states, but the Olokola and Igbakoda communities became very unreasonable in their demands. If we are to accede to their demands, we may have to spend about fifty percent of the projected cost of the refinery on community relations. Since we are not government, we decided to move the project to a more business friendly environment.

The projected 9 billion dollar refinery is planned to have a capacity of around 400,000 barrels a day and was to take off by late 2016. http://www.societyreelnews.com/dangote-relocates-refinery-to-lagos/