The Chairman and CEO of Dangote group, Aliko Dangote has disclosed that the company is planning to set up a terminal in the Caribbean to export petroleum products to countries in the North American region.

Dangote who made this disclosure on Wednesday at the Afreximbank’s Trade and Investment Forum in The Bahamas, said the company can easily supply petroleum products to the region within 18 to 20 days.

According to the African richest man, the company will sign a bilateral agreement with the region to construct the terminal for the exportation of its petroleum products.

“I know the price in the Caribbean in terms of petroleum products is very high. We produce it cheaply. We can always bring it here. We can set up a terminal and we’ll be able to fix their needs.

“We will have a bilateral agreement with them and also bringing in stuff from there is not more than 18 to 20 days maximum. And then we need to set up a terminal.

“Once we set up a terminal, they will have a very cheap oil. They will have cheap energy. And by having cheap energy, their own economy will grow faster,” Dangote said.

In addition, Dangote also mentioned that the conglomerate is not only seeking to invest in petroleum products in the region but also in cement.

He stressed that the company’s cement production capacity is nearly 52 million tons and will increase to about 62 million tons by the end of next year.

The business mogul added that the firm can meet the demand of the Caribbean market by creating a win-win situation for both parties.

“It’s not only about the oil. We now have a capacity of almost 52 million cement capacity. By the end of next year, we will be at 62 million of cement capacity.

“We are not only saying that we can bring in from Nigeria or from Africa. If they have limestones, we can also produce what can satisfy them. We’ve done that before in Africa and we should be able to free them up from the shackles of other people.

“If we the ingredients like the limestone, it’s a 28 months maximum. They can all be self-sufficient. It will be a win-win between us and them,” Dangote said.

The Dangote refinery with a 650,000 barrel refining capacity has been described as the “game changer” of the oil and gas sector, it will become the largest in Africa and Europe once it begins full operation later next year.

denko:
With the poor Nigeria money. Many governments for the past to the present has given a common man wealth to an individual by given him a sole license and all sort of nonsense waiver but today some Nigerian are in misery no help

Golan007:


You hate the man because he is not Ibo.

If he had been Ibo you would have been telling us how resourceful it is.

I said what I said .

Golan007:


You hate the man because he is not Ibo.

If he had been Ibo you would have been telling us how resourceful it is.

I said what I said .

Antoeni:
Let Him Go & Open One In Gaze , Who Cares,
He is Dubious and Reaping Nigerians

denko:
With the poor Nigeria money. Many governments for the past to the present has given a common man wealth to an individual by given him a sole license and all sort of nonsense waiver but today some Nigerian are in misery no help

jyz200:
Nice one from dangote another fx for Nigeria

LegendHero:


Did your own father apply to build a refinery and the government deny him?

Dangote is going to build another steel industry, your father hasn’t applied to build one now, when Dangote finish building it now, you’ll start another round of complain and teeth gnashing shouting again that it is a monopoly.

turmacs:
Mr Dangote, i just want to let you know that anyone of you so called "elites" that might have been involved in any sort of corruption for personal gain, at the detriment of the Nigerian populace, the consequences of those things will definitely catch up with you and others like you in the future. Even if you all have passed on by then, your relatives and all those that might have inherited those proceeds of corruption will face the consequences.

One thing about corruption is that it has the tendency to consume itself. All you need are people that are willing to fight and have what it takes to fight the corrupt system, all that is left is to exploit the loopholes created by the system itself.

Kaa4:
There is a point at which this man must stop, otherwise things will begin to fall apart for him. I pray not.

Islie:

The Chairman and CEO of Dangote group, Aliko Dangote has disclosed that the company is planning to set up a terminal in the Caribbean to export petroleum products to countries in the North American region.

Dangote who made this disclosure on Wednesday at the Afreximbank’s Trade and Investment Forum in The Bahamas, said the company can easily supply petroleum products to the region within 18 to 20 days.

According to the African richest man, the company will sign a bilateral agreement with the region to construct the terminal for the exportation of its petroleum products.

“I know the price in the Caribbean in terms of petroleum products is very high. We produce it cheaply. We can always bring it here. We can set up a terminal and we’ll be able to fix their needs.

“We will have a bilateral agreement with them and also bringing in stuff from there is not more than 18 to 20 days maximum. And then we need to set up a terminal.

“Once we set up a terminal, they will have a very cheap oil. They will have cheap energy. And by having cheap energy, their own economy will grow faster,” Dangote said.

In addition, Dangote also mentioned that the conglomerate is not only seeking to invest in petroleum products in the region but also in cement.

He stressed that the company’s cement production capacity is nearly 52 million tons and will increase to about 62 million tons by the end of next year.

The business mogul added that the firm can meet the demand of the Caribbean market by creating a win-win situation for both parties.

“It’s not only about the oil. We now have a capacity of almost 52 million cement capacity. By the end of next year, we will be at 62 million of cement capacity.

“We are not only saying that we can bring in from Nigeria or from Africa. If they have limestones, we can also produce what can satisfy them. We’ve done that before in Africa and we should be able to free them up from the shackles of other people.

“If we [have] the ingredients like the limestone, it’s a 28 months maximum. They can all be self-sufficient. It will be a win-win between us and them,” Dangote said.

The Dangote refinery with a 650,000 barrel refining capacity has been described as the “game changer” of the oil and gas sector, it will become the largest in Africa and Europe once it begins full operation later next year.

https://leadership.ng/dangote-to-establish-petrol-terminal-in-caribbean/