FG Snubs Dangote Refinery To Export Crude Oil To Indonesia - Politics

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FG Snubs Dangote Refinery To Export Crude Oil To Indonesia - Politics - Nairaland

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FG Snubs Dangote Refinery To Export Crude Oil To Indonesia by SmartPolician: 8:58pm On Jul 22

The Group Chief Commercial Officer at Dangote Industries Limited, Rabiu Umar has said the Nigerian government neglected Dangote Refinery to export crude oil to Indonesia and import finished products from the same country.

Umar disclosed this in an interview with Channels Television on Monday monitored by DAILY POST.

He stated this is coming despite the 650,000 barrels per day Dangote refinery’s inability to get adequate crude oil supply in Nigeria.

“Whilst we are going to import cargoes abroad. Most of the cargo from Nigeria is sold to Indonesia. So the question is, does it make sense to take cargo from Nigeria to sell to Indonesia and then you are also importing the same finished product to Nigeria? It does not make sense to me”, he said.

He added, “We expect to see an improved supply of crude oil to domestic refineries”.

He, however, reiterated that Dangote Refinery will commence the domestic supply of fuel in August 2024.

The development comes amid the recent impasse between the Dangote Refinery and the Nigerian Midstream and Downstream Petroleum Regulatory Authority over substandard products.

Recall that last week, Farouk Ahmed, the Chief Executive Officer of NMDPRA stated that Dangote products were inferior.

Meanwhile, Rabiu clarified that Dangote Refinery products are not substandard but rather among the best in the World.

Earlier, Aliko Dangote, the owner of Dangote Refinery had also dismissed Ahmed’s statement that its products were inferior.

Source: https://dailypost.ng/2024/07/22/nigerian-govt-snubs-dangote-refinery-to-export-crude-oil-to-indonesia/

12 Likes 3 Shares

Re: FG Snubs Dangote Refinery To Export Crude Oil To Indonesia by SmartPolician: 8:59pm On Jul 22

You can never understand this country!

When Nigeria didn't have functional refineries, this country was exporting crude oil and importing refined products.

Now that Nigeria has functional refineries, the owners of the refineries are importing crude oil for feed stock.

151 Likes 10 Shares

Re: FG Snubs Dangote Refinery To Export Crude Oil To Indonesia by Chinkoalhaji34: 9:01pm On Jul 22

Na wa o! Why would they do that? Instead of maximizing Dangote's refinery to boost local economy, dem dey carry our crude go far. This na serious mismanagement! Hope say una sabi say we fit do better than this?

56 Likes 2 Shares

Re: FG Snubs Dangote Refinery To Export Crude Oil To Indonesia by doggedfighter(f): 9:01pm On Jul 22

Hmmmmm

Re: FG Snubs Dangote Refinery To Export Crude Oil To Indonesia by TimeManager(m): 9:21pm On Jul 22

A large amount of our crude had already been contracted/sold long ago, long before Dangote refinery was completed. We can't afford to default the contractual aggrements with our foreign clients. Supply of crude would have to be resolved on a negotiation table with lots of concessions involved.

-Kiss the truth!

77 Likes 7 Shares

Re: FG Snubs Dangote Refinery To Export Crude Oil To Indonesia by helinues: 9:24pm On Jul 22

Those who want to pitch Dangote and FG in unnecessary loggerhead would be disappointed.

That one dey certain

31 Likes 2 Shares

Re: FG Snubs Dangote Refinery To Export Crude Oil To Indonesia by Tjra: 6:58am On Jul 23

TimeManager:
A large amount of our crude had already been contracted/sold long ago, long before Dangote refinery was completed. We can't afford to default the contractual aggrements with our foreign clients. Supply of crude would have to be resolved on a negotiation table with lots of concessions involved.

-Kiss the truth!

Negative effect of the loan for crude swap from the Buhari days. Unfortunately, same is still happening now due to our low revenue profile.

23 Likes 5 Shares

Re: FG Snubs Dangote Refinery To Export Crude Oil To Indonesia by Newton1045: 6:58am On Jul 23

Sad

Re: FG Snubs Dangote Refinery To Export Crude Oil To Indonesia by strangest(m): 6:58am On Jul 23

Lol

Re: FG Snubs Dangote Refinery To Export Crude Oil To Indonesia by Funkyswagzz(m): 6:59am On Jul 23

So this people truly didn't want price reduction on fuel. Thank God dangote built this refinery if not nobody would know the truth. When people from other region complain and shout they say we are the enemy of Nigeria. You must surely rip the consequences when you support evil. When dangote the richest is crying who are you, the broke ass man that cheer the evil doers. I pity you people cos what goes around comes around.

25 Likes 4 Shares

Re: FG Snubs Dangote Refinery To Export Crude Oil To Indonesia by kennyz247(m): 7:00am On Jul 23

Dangote will be like,who send me do petroleum project investment for Nigeria.. anyway,im happy he is enjoying his own share for bringing this present government to be..

10 Likes 2 Shares

Re: FG Snubs Dangote Refinery To Export Crude Oil To Indonesia by Anguldi(m): 7:00am On Jul 23

Re: FG Snubs Dangote Refinery To Export Crude Oil To Indonesia by trulymatters(m): 7:00am On Jul 23

Too many saboteurs in this country.

9 Likes 3 Shares

Re: FG Snubs Dangote Refinery To Export Crude Oil To Indonesia by strangest(m): 7:00am On Jul 23

TimeManager:
A large amount of our crude had already been contracted/sold long ago, long before Dangote refinery was completed. We can't afford to default the contractual aggrements with our foreign clients. Supply of crude would have to be resolved on a negotiation table with lots of concessions involved.

-Kiss the truth!

Rubbish talk... You attend to your family first... Stop talking rubbish

45 Likes 7 Shares

Re: FG Snubs Dangote Refinery To Export Crude Oil To Indonesia by opamoses1: 7:00am On Jul 23

kennyz247:
Dangote will be like,who send me do petroleum project investment for Nigeria..

But he was also buying his crude oil from the USA and all over the world. Free market economics.

2 Likes 3 Shares

Re: FG Snubs Dangote Refinery To Export Crude Oil To Indonesia by olaztek(m): 7:01am On Jul 23

Everything about Nigeria is abnormal.

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Re: FG Snubs Dangote Refinery To Export Crude Oil To Indonesia by PriceActionZ: 7:01am On Jul 23

why is it so difficult for each government to unbundle all these international Mafias aided by our local thieves in NNPC and other parastatals? Each new government always adjusts to their madness because some people thought they can't be touched..
Dangote knows how to play the game, he is very close to Tinubu. I believe all these recent outburst is a very well-structured game plan within their inner caucus. If not, he won't accept that job, to head economic advisory team set up few days ago. Its a game plan and he will win. Nigeria will now see some people that are really holding them to ransom, come out and talk like that Umar. Its a game of business dominance and survival.

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Re: FG Snubs Dangote Refinery To Export Crude Oil To Indonesia by Bullet01(f): 7:01am On Jul 23

Bad

Re: FG Snubs Dangote Refinery To Export Crude Oil To Indonesia by opamoses1: 7:01am On Jul 23

TimeManager:
A large amount of our crude had already been contracted/sold long ago, long before Dangote refinery was completed. We can't afford to default the contractual aggrements with our foreign clients. Supply of crude would have to be resolved on a negotiation table with lots of concessions involved.

-Kiss the truth!

Absolutely

Re: FG Snubs Dangote Refinery To Export Crude Oil To Indonesia by Zwooks: 7:01am On Jul 23

Dangote juju don expire

1 Like

Re: FG Snubs Dangote Refinery To Export Crude Oil To Indonesia by Fiscus105(m): 7:01am On Jul 23

TimeManager:
A large amount of our crude had already been contracted/sold long ago, long before Dangote refinery was completed. We can't afford to default the contractual aggrements with our foreign clients. Supply of crude would have to be resolved on a negotiation table with lots of concessions involved.

-Kiss the truth!

That's what you are been fed, for you to have symphath on them,......but in real sense, they are sabotaging him to continue feeding fat on dyfunctional society.

Believe govt at ur own peril!

31 Likes 4 Shares

Re: FG Snubs Dangote Refinery To Export Crude Oil To Indonesia by stevo123(m): 7:02am On Jul 23

SmartPolician:

Source: https://dailypost.ng/2024/07/22/nigerian-govt-snubs-dangote-refinery-to-export-crude-oil-to-indonesia/

This is the more reason why the protest should not stop, and the protest should be nationwide

7 Likes 1 Share

Re: FG Snubs Dangote Refinery To Export Crude Oil To Indonesia by RichIgboBoy: 7:02am On Jul 23

Re: FG Snubs Dangote Refinery To Export Crude Oil To Indonesia by ejieddy: 7:02am On Jul 23

Our problem in this country is NNPC. I wish that organization doesn't exist. It produces corrupt people every season. It's a miracle if someone manages to do the right thing in that organization and all it's affiliates.

6 Likes 3 Shares

Re: FG Snubs Dangote Refinery To Export Crude Oil To Indonesia by tunjijones(m): 7:02am On Jul 23

What is going on btw dangote and Tinubu?

He be like say dangote dey among people whey dey push emefiele against Tinubu before the election.

Omo, na Nigerian this Una thing go affect las las

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Re: FG Snubs Dangote Refinery To Export Crude Oil To Indonesia by cattylove7(f): 7:03am On Jul 23

TimeManager:
A large amount of our crude had already been contracted/sold long ago, long before Dangote refinery was completed. We can't afford to default the contractual aggrements with our foreign clients. Supply of crude would have to be resolved on a negotiation table with lots of concessions involved.

-Kiss the truth!

so is it asia/indonesia we borrowed money from i doubt it exporting is exporting www.cattylove.com

7 Likes 1 Share

Re: FG Snubs Dangote Refinery To Export Crude Oil To Indonesia by iichidodo: 7:03am On Jul 23

If Dangote wants to screw these importers who have deep connection with those in the corridors of power, then he should just crash the price of petrol and diesel far below the cost of importing.....Yeah, he will make losses, but it's an efficient way of fumigating those cockroaches...

15 Likes 2 Shares

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