Dangote Refinery Ranked Above 10 Biggest European Refineries by Paraman: 8:19am On Apr 26 |
A financial data and media company, Bloomberg, has ranked the Dangote Refinery above the top 10 biggest refineries in Europe.
According to data compiled by the business news platform, the refinery has more capacity than many European ones.
The $20bn-worth refinery located in Lekki-Epe Expressway, Lagos State, can refine 650,000 barrels of petroleum products per day.
The report sighted by our correspondent on Thursday stated that this is over 246,00bpd capacity, more than Shell’s Pernis Refinery, which is located in the Netherlands.
It added that the Pernis Refinery, which has an installed capacity of 404,000bpd, is the biggest in Europe. The BP Rotterdam Refinery in the Netherlands has a capacity of 380,000.
Bloomberg also reported that the GOI Energy ISAB Refinery in Italy was built with a refining capacity of 360,000bpd.
Also, the TotalEnergies Antwerp refining facility in Belgium can refine 338,000bpd.
Others listed in the report were the Orlen Plock Refinery in Poland with 327,000bpd; Shell’s Rheinland in Germany with 327,000bpd; Miro Refinery in Germany with 310,000 capacity; and the ExxonMobil Anterwep Refinery in Belgium with 307,000 capacity.
It added that the Saras Sarroch Refinery in Italy had 300,000 capacity; the ExxonMobil Fawley in England had 270,000bpd capacity.
The Bloomberg report described the Dangote Refinery as a ‘game changer’ and said it was taking advantage of cheaper US oil imports for as much as a third of its feedstock as it started up.
According to analysts, the refinery has been shipping products in recent weeks while readying two units to enable petrol output, which will deliver a long-promised transformation of the fuel market in Nigeria and the region.
“Dangote is going to influence Atlantic Basin gasoline markets this summer and for the rest of the year,” an oil expert, Alan Gelder, told Bloomberg.
According to the average estimate of analysts at WoodMac, FGE, and Citac, the refinery is running at about 300,000 barrels a day, nearly half its nameplate capacity.
The complex has started shipping jet fuel, diesel, and naphtha as it widens to a full slate of products.
Reuters recently reported that the Dangote oil refinery could end a decades-long petrol trade from Europe to Africa, worth $17 billion a year.
Reuters, quoting analysts and traders, said the Dangote refinery was heaping pressure on European refineries already at risk of closure from heightened competition, adding that the refinery would be the largest in Africa and Europe when it reaches full capacity.
About a third of Europe’s 1.33mbpd average petrol exports in 2023 went to West Africa, a bigger chunk than any other region, with most of those exports ending up in Nigeria, Reuters said, quoting Kpler data.
Dangote Refinery has begun selling diesel into the Nigerian market, crashing the pump price from N1,600 to N940 in less than a month.
https://punchng.com/dangote-refinery-ranked-above-10-biggest-european-refineries/?utm_source=telegram&utm_medium=social 22 Likes 5 Shares |
Re: Dangote Refinery Ranked Above 10 Biggest European Refineries by AustineE1: 8:26am On Apr 26 |
Nice one...big congrats to the Dangote group! 37 Likes 4 Shares |
Re: Dangote Refinery Ranked Above 10 Biggest European Refineries by ayoolataiwo(m): 8:29am On Apr 26 |
Nigerians and intact hardworking one are taking the front seat in the world affairs.God bless Nigeria and Nigerians repping us well 26 Likes |
Re: Dangote Refinery Ranked Above 10 Biggest European Refineries by iwaeda: 8:33am On Apr 26 |
Paraman: A financial data and media company, Bloomberg, has ranked the Dangote Refinery above the top 10 biggest refineries in Europe.
According to data compiled by the business news platform, the refinery has more capacity than many European ones.
The $20bn-worth refinery located in Lekki-Epe Expressway, Lagos State, can refine 650,000 barrels of petroleum products per day.
The report sighted by our correspondent on Thursday stated that this is over 246,00bpd capacity, more than Shell’s Pernis Refinery, which is located in the Netherlands.
It added that the Pernis Refinery, which has an installed capacity of 404,000bpd, is the biggest in Europe. The BP Rotterdam Refinery in the Netherlands has a capacity of 380,000.
Bloomberg also reported that the GOI Energy ISAB Refinery in Italy was built with a refining capacity of 360,000bpd.
Also, the TotalEnergies Antwerp refining facility in Belgium can refine 338,000bpd.
Others listed in the report were the Orlen Plock Refinery in Poland with 327,000bpd; Shell’s Rheinland in Germany with 327,000bpd; Miro Refinery in Germany with 310,000 capacity; and the ExxonMobil Anterwep Refinery in Belgium with 307,000 capacity.
It added that the Saras Sarroch Refinery in Italy had 300,000 capacity; the ExxonMobil Fawley in England had 270,000bpd capacity.
The Bloomberg report described the Dangote Refinery as a ‘game changer’ and said it was taking advantage of cheaper US oil imports for as much as a third of its feedstock as it started up.
According to analysts, the refinery has been shipping products in recent weeks while readying two units to enable petrol output, which will deliver a long-promised transformation of the fuel market in Nigeria and the region.
“Dangote is going to influence Atlantic Basin gasoline markets this summer and for the rest of the year,” an oil expert, Alan Gelder, told Bloomberg.
According to the average estimate of analysts at WoodMac, FGE, and Citac, the refinery is running at about 300,000 barrels a day, nearly half its nameplate capacity.
The complex has started shipping jet fuel, diesel, and naphtha as it widens to a full slate of products.
Reuters recently reported that the Dangote oil refinery could end a decades-long petrol trade from Europe to Africa, worth $17 billion a year.
Reuters, quoting analysts and traders, said the Dangote refinery was heaping pressure on European refineries already at risk of closure from heightened competition, adding that the refinery would be the largest in Africa and Europe when it reaches full capacity.
About a third of Europe’s 1.33mbpd average petrol exports in 2023 went to West Africa, a bigger chunk than any other region, with most of those exports ending up in Nigeria, Reuters said, quoting Kpler data.
Dangote Refinery has begun selling diesel into the Nigerian market, crashing the pump price from N1,600 to N940 in less than a month.
https://punchng.com/dangote-refinery-ranked-above-10-biggest-european-refineries/?utm_source=telegram&utm_medium=social Nigerians love lies and deception. Is refinery operations a closed system? Anyone staying around Eleko, Epe, Harmony, Amen would have feel the impact. 14 Likes 6 Shares |
Re: Dangote Refinery Ranked Above 10 Biggest European Refineries by Paraman: 8:34am On Apr 26 |
52 Likes 4 Shares |
Re: Dangote Refinery Ranked Above 10 Biggest European Refineries by thesicilian: 8:35am On Apr 26 |
Little by little we will get there 6 Likes |
Re: Dangote Refinery Ranked Above 10 Biggest European Refineries by thesicilian: 8:39am On Apr 26 |
28 Likes 1 Share |
Re: Dangote Refinery Ranked Above 10 Biggest European Refineries by iwaeda: 8:42am On Apr 26 |
5 Likes 3 Shares |
Re: Dangote Refinery Ranked Above 10 Biggest European Refineries by helinues: 8:43am On Apr 26 |
Good 21 Likes |
Re: Dangote Refinery Ranked Above 10 Biggest European Refineries by helinues: 8:44am On Apr 26 |
32 Likes 5 Shares |
|
Re: Dangote Refinery Ranked Above 10 Biggest European Refineries by iwaeda: 8:47am On Apr 26 |
Paraman: What sort of chidish comment is this?
So the likes of Bloomberg, Reuters and fuel marketers are lying about the operation of Dangote refinery? Check how refineries operate, people that knows next to nothing. 7 Likes |
Re: Dangote Refinery Ranked Above 10 Biggest European Refineries by Ikembeku: 8:47am On Apr 26 |
Another hallelujah bunkum for RONU to dance |
Re: Dangote Refinery Ranked Above 10 Biggest European Refineries by iwaeda: 8:49am On Apr 26 |
helinues:
Iwaeda niyen to be always lying ridiculously all in the name of finding something to be vindicative about this government. . Send me ni video operation dangote refinery yesterday. I will deactivate my moniker. Somebody importing and exporting ONLY. 6 Likes |
Re: Dangote Refinery Ranked Above 10 Biggest European Refineries by helinues: 8:49am On Apr 26 |
28 Likes 1 Share |
|
Re: Dangote Refinery Ranked Above 10 Biggest European Refineries by DMerciful(m): 8:58am On Apr 26 |
Show workings, leave propaganda! Paraman: A financial data and media company, Bloomberg, has ranked the Dangote Refinery above the top 10 biggest refineries in Europe.
According to data compiled by the business news platform, the refinery has more capacity than many European ones.
The $20bn-worth refinery located in Lekki-Epe Expressway, Lagos State, can refine 650,000 barrels of petroleum products per day.
The report sighted by our correspondent on Thursday stated that this is over 246,00bpd capacity, more than Shell’s Pernis Refinery, which is located in the Netherlands.
It added that the Pernis Refinery, which has an installed capacity of 404,000bpd, is the biggest in Europe. The BP Rotterdam Refinery in the Netherlands has a capacity of 380,000.
Bloomberg also reported that the GOI Energy ISAB Refinery in Italy was built with a refining capacity of 360,000bpd.
Also, the TotalEnergies Antwerp refining facility in Belgium can refine 338,000bpd.
Others listed in the report were the Orlen Plock Refinery in Poland with 327,000bpd; Shell’s Rheinland in Germany with 327,000bpd; Miro Refinery in Germany with 310,000 capacity; and the ExxonMobil Anterwep Refinery in Belgium with 307,000 capacity.
It added that the Saras Sarroch Refinery in Italy had 300,000 capacity; the ExxonMobil Fawley in England had 270,000bpd capacity.
The Bloomberg report described the Dangote Refinery as a ‘game changer’ and said it was taking advantage of cheaper US oil imports for as much as a third of its feedstock as it started up.
According to analysts, the refinery has been shipping products in recent weeks while readying two units to enable petrol output, which will deliver a long-promised transformation of the fuel market in Nigeria and the region.
“Dangote is going to influence Atlantic Basin gasoline markets this summer and for the rest of the year,” an oil expert, Alan Gelder, told Bloomberg.
According to the average estimate of analysts at WoodMac, FGE, and Citac, the refinery is running at about 300,000 barrels a day, nearly half its nameplate capacity.
The complex has started shipping jet fuel, diesel, and naphtha as it widens to a full slate of products.
Reuters recently reported that the Dangote oil refinery could end a decades-long petrol trade from Europe to Africa, worth $17 billion a year.
Reuters, quoting analysts and traders, said the Dangote refinery was heaping pressure on European refineries already at risk of closure from heightened competition, adding that the refinery would be the largest in Africa and Europe when it reaches full capacity.
About a third of Europe’s 1.33mbpd average petrol exports in 2023 went to West Africa, a bigger chunk than any other region, with most of those exports ending up in Nigeria, Reuters said, quoting Kpler data.
Dangote Refinery has begun selling diesel into the Nigerian market, crashing the pump price from N1,600 to N940 in less than a month.
https://punchng.com/dangote-refinery-ranked-above-10-biggest-european-refineries/?utm_source=telegram&utm_medium=social 2 Likes 1 Share |
Re: Dangote Refinery Ranked Above 10 Biggest European Refineries by thesicilian: 9:00am On Apr 26 |
16 Likes 1 Share |
Re: Dangote Refinery Ranked Above 10 Biggest European Refineries by Oghene86: 9:01am On Apr 26 |
Paraman: A financial data and media company, Bloomberg, has ranked the Dangote Refinery above the top 10 biggest refineries in Europe.
According to data compiled by the business news platform, the refinery has more capacity than many European ones.
The $20bn-worth refinery located in Lekki-Epe Expressway, Lagos State, can refine 650,000 barrels of petroleum products per day.
The report sighted by our correspondent on Thursday stated that this is over 246,00bpd capacity, more than Shell’s Pernis Refinery, which is located in the Netherlands.
It added that the Pernis Refinery, which has an installed capacity of 404,000bpd, is the biggest in Europe. The BP Rotterdam Refinery in the Netherlands has a capacity of 380,000.
Bloomberg also reported that the GOI Energy ISAB Refinery in Italy was built with a refining capacity of 360,000bpd.
Also, the TotalEnergies Antwerp refining facility in Belgium can refine 338,000bpd.
Others listed in the report were the Orlen Plock Refinery in Poland with 327,000bpd; Shell’s Rheinland in Germany with 327,000bpd; Miro Refinery in Germany with 310,000 capacity; and the ExxonMobil Anterwep Refinery in Belgium with 307,000 capacity.
It added that the Saras Sarroch Refinery in Italy had 300,000 capacity; the ExxonMobil Fawley in England had 270,000bpd capacity.
The Bloomberg report described the Dangote Refinery as a ‘game changer’ and said it was taking advantage of cheaper US oil imports for as much as a third of its feedstock as it started up.
According to analysts, the refinery has been shipping products in recent weeks while readying two units to enable petrol output, which will deliver a long-promised transformation of the fuel market in Nigeria and the region.
“Dangote is going to influence Atlantic Basin gasoline markets this summer and for the rest of the year,” an oil expert, Alan Gelder, told Bloomberg.
According to the average estimate of analysts at WoodMac, FGE, and Citac, the refinery is running at about 300,000 barrels a day, nearly half its nameplate capacity.
The complex has started shipping jet fuel, diesel, and naphtha as it widens to a full slate of products.
Reuters recently reported that the Dangote oil refinery could end a decades-long petrol trade from Europe to Africa, worth $17 billion a year.
Reuters, quoting analysts and traders, said the Dangote refinery was heaping pressure on European refineries already at risk of closure from heightened competition, adding that the refinery would be the largest in Africa and Europe when it reaches full capacity.
About a third of Europe’s 1.33mbpd average petrol exports in 2023 went to West Africa, a bigger chunk than any other region, with most of those exports ending up in Nigeria, Reuters said, quoting Kpler data.
Dangote Refinery has begun selling diesel into the Nigerian market, crashing the pump price from N1,600 to N940 in less than a month.
https://punchng.com/dangote-refinery-ranked-above-10-biggest-european-refineries/?utm_source=telegram&utm_medium=social How does this benefits us as country 1 Like 1 Share |
Re: Dangote Refinery Ranked Above 10 Biggest European Refineries by Paraman: 9:08am On Apr 26 |
7 Likes 1 Share |
Re: Dangote Refinery Ranked Above 10 Biggest European Refineries by iwaeda: 9:10am On Apr 26 |
thesicilian:
What of Dubai and las Vegas? Kids that have never left their hometown talking nonsense online. Tomorrow you'll open another account to beg for money I am not one of those expecting palliatives. God has been good to me. I stays around White sands and still waters. 4 Likes 1 Share |
Re: Dangote Refinery Ranked Above 10 Biggest European Refineries by Paraman: 9:13am On Apr 26 |
Oghene86:
How does this benefits us as country Africa won't be spending $17 billion, importing refined crude from Europe. Dangote and Nigeria will earn billions of dollars selling refined crude to other African countries. 13 Likes 1 Share |
Re: Dangote Refinery Ranked Above 10 Biggest European Refineries by Adamux: 9:16am On Apr 26 |
Paraman: Africa won't be spending $17 billion, importing refined crude from Europe.
Nigeria will earn billions of dollars selling refined crude to other African countries. True ✔️ 5 Likes 1 Share |
Re: Dangote Refinery Ranked Above 10 Biggest European Refineries by Olayinka8793(m): 9:17am On Apr 26 |
|
Re: Dangote Refinery Ranked Above 10 Biggest European Refineries by Mpcoll001: 9:17am On Apr 26 |
Great |
Re: Dangote Refinery Ranked Above 10 Biggest European Refineries by Tetrahedron: 9:17am On Apr 26 |
There was NEVER any European refiners, it was always NNPC cabals that has always crippled this country for their selfish purposes . Unbundle NNPC 3 Likes |
Re: Dangote Refinery Ranked Above 10 Biggest European Refineries by 99thEnemy(m): 9:18am On Apr 26 |
People will still come to show hate. 3 Likes |
Re: Dangote Refinery Ranked Above 10 Biggest European Refineries by Hezzyluv: 9:19am On Apr 26 |
Is worth it. 1 Like |
Re: Dangote Refinery Ranked Above 10 Biggest European Refineries by Dcaliphate(m): 9:19am On Apr 26 |
still on still fuel still cost. How e take benefit us?? 2 Likes |
Re: Dangote Refinery Ranked Above 10 Biggest European Refineries by uniquetechng: 9:19am On Apr 26 |
Paraman: Africa won't be spending $17 billion, importing refined crude from Europe.
Nigeria will earn billions of dollars selling refined crude to other African countries. Dangote not Nigeria. 2 Likes |
Re: Dangote Refinery Ranked Above 10 Biggest European Refineries by Oghene86: 9:19am On Apr 26 |
Paraman: Africa won't be spending $17 billion, importing refined crude from Europe.
Nigeria will earn billions of dollars selling refined crude to other African countries. Nigeria Abi Dangote, I bought PMS yesterday for 850 not all this who has the biggest refinery in world 2 Likes |
Re: Dangote Refinery Ranked Above 10 Biggest European Refineries by iwaeda: 9:20am On Apr 26 |
Paraman: Why don't you explain how refineries work Google and YouTube are your friends. Let me give you analogy, when you blend groundnut oil, pour water, what do you have? Imagine heating now to 450 Pound Square inch and 500 degree fahrenheit. |