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RuudVanNisteroy:


You don't like to communicate with intellectuals.

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Low IQ ipob troll is the opposite of intellect.


Stick to your ignorant rubbish and roadside conspiracy theory babbles.

Btw, the fact that the government made forex available to speed up construction doesn't mean he was given free money, he paid for his forext.

Giving the project every government assistance required was the right and the most responsible thing any government can do and should do, but you backward thinking people think it should be the other way around.

Only shallow minds and ignorant people peddled silly garbage and conspiracy theory rubbish.

Dangote for president

Simplyleo:
Pls is there any oil producing country that sells fuel at international price?

Lets start from there.

exactly!!! nigeria matter taya me i swear!!!

I really enjoyed the discussion from various guys here, it made me understand more and see different angles, however i do have a question? Do we have other guys also building refineries at the moment or planning to build one? It will be great to have 3 or 4 of this large scale refineries in 9ja

RuudVanNisteroy:


Minor reduction in forex, the government will still buy from him at the international price in US dollars. The only cost savings is the shipping cost.

shipping cost cannot be termed only.most times is takes 40percent of overall cost .so if we remove it .there should be a reduction in price.

Secondly,a swap arrangement can be done.whereby we offer crude oil in exchange to pms.

Starboytwo:
I really enjoyed the discussion from various guys here, it made me understand more and see different angles, however i do have a question? Do we have other guys also building refineries at the moment or planning to build one? It will be great to have 3 or 4 of this large scale refineries in 9ja

BUA Group signs France’s Axens for new refinery project

The new project will go head-to-head with Nigeria's other large scale refinery project, being built by the Dangote Group.

France’s largest hydrocarbons group Axens has won a contract to license key refinery technologies to one of Nigeria’s leading industrial conglomerates, the BUA Group.

For Rabiu, the economics of the project are a ‘no-brainer’: “Nigeria imports 90% of it’s petroleum products. We spend 35% of our foreign exchange on importing petroleum products.”

The new refinery, with a capacity to produce 200,000 barrels per day (bpd), should be operational in 2024.


https://www.theafricareport.com/39924/nigeria-bua-group-signs-frances-axens-for-new-refinery-project/

Others are definitely jumping in with new refineries.

This is what's going to reduce fuel cost, other refineries jumping in to challenge Dangote in the marketplace.