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Dangote Refinery Begins Operations - Business (4) - Nairaland

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Dangote Refinery Begins Reselling Of Imported Crude Oil Amid Domestic Crisis / Dangote Refinery Begins Operations Amid Lingering Fuel Crisis / Giant Dangote Oil Refinery Begins Production In 3rd Quarter (2) (3) (4)

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Re: Dangote Refinery Begins Operations by SaLongs1(m): 9:45pm On Jan 12
UrPapa:
At least fuel go drop to #100 per litter now
I am laughing bitterly at what ought to be fair and just.
Re: Dangote Refinery Begins Operations by FutureFocus: 9:46pm On Jan 12
This should reduce our demand for dollar on importation of petroleum products, and so should strengthen the Naira

2 Likes

Re: Dangote Refinery Begins Operations by kokoA(m): 9:46pm On Jan 12
Brendaniel:


So why are you saying you prefer to buy the Dangote own?
The money is retained within Nigeria.

1 Like

Re: Dangote Refinery Begins Operations by thatigboman: 9:46pm On Jan 12
GOFRONT:
When will Portharcourt refinery start operation??
has it not started since December deadline? Abi dem scam us?

1 Like

Re: Dangote Refinery Begins Operations by Brendaniel: 9:47pm On Jan 12
kokoA:
The money is retained within Nigeria.

Which money?
Re: Dangote Refinery Begins Operations by coputa(m): 9:47pm On Jan 12
Elemosho478:



The dollar we are using to import petrol will be channel to other things and i think fuel is our biggest import if we no longer import fuel it will ease the demand for dollars.
Dangote refinery cannot cater for the needs of Nigerians.we consume 32million litres of PMS everyday not to mention AGO, they will still import to bridge the gap until all the nations refineries will start producing at full capacity.
.

1 Like 1 Share

Re: Dangote Refinery Begins Operations by ppogba: 9:48pm On Jan 12
happney65:


"God bless capitalism". This is the one that can work not that Sakamanje government says they are doing in PH and Kaduna

The Yaradua administration took us years and years back when they cancelled the sale of the refineries sold by Obasanjo to Dangote and otedola


Blame the NLC and TUC that opposed the sale vehemently hence Yaradua' s decision to reverse the sale.

1 Like 1 Share

Re: Dangote Refinery Begins Operations by Princeton92(m): 9:48pm On Jan 12
Is it good enough as a news to celebrate OR wonder?
Re: Dangote Refinery Begins Operations by uniquelyspecial(m): 9:49pm On Jan 12
YorubaIsGreat:
Our blodas from sadist no go like this news... God bless Nigeria
Oh!
Your brothers are sadists?
What a shame!

1 Like 1 Share

Re: Dangote Refinery Begins Operations by jaxxy(m): 9:50pm On Jan 12
Nice
Re: Dangote Refinery Begins Operations by ppogba: 9:51pm On Jan 12
coputa:
Dangote refinery cannot cater for the needs of Nigerians.we consume 32million litres of PMS everyday not to mention AGO, they will still import to bridge the gap until all the nations refineries will start producing at full capacity.
.

The 32 million you are quoting is the figure for stealing subsidy money.
Besides,.factors clear to you and I have ensured the quantity is reduced drastically now.

3 Likes

Re: Dangote Refinery Begins Operations by aywagze(m): 9:51pm On Jan 12
wake me up when the first product is ready to hit market ..🤔
Re: Dangote Refinery Begins Operations by Elemosho478: 9:53pm On Jan 12
coputa:
Dangote refinery cannot cater for the needs of Nigerians.we consume 32million litres of PMS everyday not to mention AGO, they will still import to bridge the gap until all the nations refineries will start producing at full capacity.
.

It was stated that the refinery can satisfy 100% Nigeria needs.

It is the biggest refinery in the world so don't underestimate it potential.

3 Likes

Re: Dangote Refinery Begins Operations by higgs: 9:55pm On Jan 12
Dangote is the greatest Nigerian that has ever lived,not any politician

4 Likes

Re: Dangote Refinery Begins Operations by Jackiedemie(m): 9:57pm On Jan 12
Eagle360:
Please how will benefit Nigerians? because Mele Kyari said refining petrol locally will not reduce the price.
The pressure on the dollars to naira will be reduce becos over 50% of our foreign earning (dollars) go directly to importation of fuel.

6 Likes 1 Share

Re: Dangote Refinery Begins Operations by Evolutionism: 9:58pm On Jan 12
Audio.

Real: High cost of Fuel.

Just the usual round tripping among the elite and cos.

Let him sell his fuel for N200 then i will retract my comment.

Mtcheeew. Nonsense.

2 Likes 1 Share

Re: Dangote Refinery Begins Operations by IPIGSRSHALLOW: 9:58pm On Jan 12
thatigboman:
has it mot started since December deadline? Abi dem scam us?

So December to January is too long for you abi? You guys don't understand the complexity of such large operations. Many unforeseen issues will come up in any such project. This is not a mom-and-pop operation. Even an ordinary Mechanic who promises you one can fail not to talk of an operation that is the largest in the whole world. If it's that easy, many people would have been doing it since.

3 Likes 2 Shares

Re: Dangote Refinery Begins Operations by Jackiedemie(m): 10:02pm On Jan 12
coputa:
Dangote refinery cannot cater for the needs of Nigerians.we consume 32million litres of PMS everyday not to mention AGO, they will still import to bridge the gap until all the nations refineries will start producing at full capacity.
.

Do you know the refinery capacity first?
Secondly, even if by half, the other half will strengthen the naira. Hence reduce pressure on dollars for other thing

3 Likes

Re: Dangote Refinery Begins Operations by amnesty7: 10:03pm On Jan 12
Wainey:
Na every weekend Dangote refinery deh start operation?

I don hear this news like 16times na
..... spotted.

1 Like

Re: Dangote Refinery Begins Operations by happney65: 10:08pm On Jan 12
ppogba:


Blame the NLC and TUC that opposed the sale vehemently hence Yaradua' s decision to reverse the sale.

The ball stops at the table of the president and not NLC and TUC.

The reversal was due to the fact that Yaradua was a socialist who believed government has a business doing business whereas it is the other way round.

Government has no business doing business hence Obasanjo selling it off as he knew it won't work

2 Likes

Re: Dangote Refinery Begins Operations by Quebec91(m): 10:11pm On Jan 12
For your mind
UrPapa:
At least fuel go drop to #100 per litter now
Re: Dangote Refinery Begins Operations by Quebec91(m): 10:12pm On Jan 12
cheesy
Wainey:
Na every weekend Dangote refinery deh start operation?

I don hear this news like 16times na
Re: Dangote Refinery Begins Operations by StrongAlphMale: 10:19pm On Jan 12
kokoA:
If I'm buying petrol for 650naira and I know it's being produced in Nigeria I wouldn't mind.

You're yet to answer the question. Dude what will that benefit you? I don't know what is wrong with some of you. When GEJ was in power, fuel was at least #85 - #145.

Now Tinubu is in charge with dangote about to start production yet you say you wouldn't mind buying it for 650 naira? Is your brain not leaking like this so?

4 Likes 1 Share

Re: Dangote Refinery Begins Operations by coleon(m): 10:20pm On Jan 12
Dee60:


It may be the opposite. Crude for that refinery was imported. PMS price may be raised to N900 or more per litre to allow this refinery to make some profits. Otherwise, Dangote will export its products, which is not bad. It will boost Nigeria's dollar earnings a bit.
I have consistently informed anybody that cares to read on this forum that Dangote will not boost Nigeria's forex earnings and you are still making this nonsense submission.
PresentlyNigeria is exporting her crude oil to earn FX or adopting the NNPC model to swap crude for petrol. Either way crude and fx change hands.
Now if instead of using that crude to get FX you give Dangote to refine then the alternative forgone is FX that should have been earned selling the crude. If after Dangote refines and he exports then the crude returns to Nigeria for which he will repay shell and co that he sources the crude from.
Now any profit Dangote makes in the process will go into settling his enormous debt for the refinery or his escrow account offshore which is the model all the oil companies in Nigeria runs.
They all do not save any of their proceeds in Nigeria but with JP Morgan chase in US and you can't blame them because the oil market is internationally denominated in USD.
So please and please forget Dangote to come and solve your FX problems for you and look elsewhere.

3 Likes 1 Share

Re: Dangote Refinery Begins Operations by yusuf0876(m): 10:21pm On Jan 12
OilandGasMarket:
Contact me for delivery of all petroleum products to your homes, factories, offices and filling stations
do u sell gas for skid? If yes at what rate?
Re: Dangote Refinery Begins Operations by TimelineMag: 10:21pm On Jan 12
UrPapa:
At least fuel go drop to #100 per litter now
Story
Re: Dangote Refinery Begins Operations by thatigboman: 10:22pm On Jan 12
IPIGSRSHALLOW:


So December to January is too long for you abi? You guys don't understand the complexity of such large operations. Many unforeseen issues will come up in any such project. This is not a mom-and-pop operation. Even an ordinary Mechanic who promises you one can fail not to talk of an operation that is the largest in the whole world. If it's that easy, many people would have been doing it since.
chairman forget all this big big grammar u are blowing. NNPC themselves said it, presidential deadline or no presidential deadline, port harcourt refinery will not work this year.

1 Like 1 Share

Re: Dangote Refinery Begins Operations by mignone(f): 10:24pm On Jan 12
Omoawoke2:


God will never bless Dangote, the refinery is a nations wealth that was built and shared among top politicians, they only used dangote as the business man to run it on their behalf
Thank u o ...
I'm really surprised how people fell for this refinery scam.

1 Like 1 Share

Re: Dangote Refinery Begins Operations by Dexy4yah(m): 10:26pm On Jan 12
kokoA:
If I'm buying petrol for 650naira and I know it's being produced in Nigeria I wouldn't mind.

Mtcheewww

1 Like 1 Share

Re: Dangote Refinery Begins Operations by Dexy4yah(m): 10:27pm On Jan 12
Brendaniel:


And what would that benefit you?

Don't mind him, I don't know how some people reason in this country.

1 Like 1 Share

Re: Dangote Refinery Begins Operations by Munzy14(m): 10:30pm On Jan 12
Wainey:
Na every weekend Dangote refinery deh start operation?

I don hear this news like 16times na
Oga rest small..make we use this one hold body.. grin grin

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