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Dangote Refinery Fuel Production Impacting European Markets – OPEC - Politics (2) - Nairaland

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Nigerians Applaud Burn Rate Of Dangote Refinery Fuel / South Africa, Seven Countries Queue To Lift Dangote Refinery Fuel / Government Approval Delays Dangote Refinery Fuel (2) (3) (4)

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Re: Dangote Refinery Fuel Production Impacting European Markets – OPEC by Yungmil: 3:20pm On Jan 16
Why una just dey use us play temple run na





How this news take reduce fuel prices and food prices in Nigeria now

1 Like 1 Share

Re: Dangote Refinery Fuel Production Impacting European Markets – OPEC by anonimi: 3:22pm On Jan 16
CodeTemplar:
God bless Dangote.

What should God do to T-Pain who scammed us with promises of crashing the price of petrol two years ago and has failed to deliver, even though he announced that Warri and PH refineries are producing?

What should God do to APC propagandists for packaging T-Pain’s 2011 expired soldier into their change messiah four years later when they only had shege in stock for us

saintopus:
The PH Refinery ships its first export of petroleum products to Dubai.
The company is expected to load the cargo in the coming days onboard the Wonder Star MR1 ship, signalling the commencement of operations at the plant and the exportation of petroleum products.

The ship will load 15,000 metric tons of the product, which translates to about 13.6 million litres.

Although the volume coming from the NNPC into the global market is still small, the development has the potential to impact the Very Low Sulphur Fuel Oil (VLSFO) benchmarks in the future while changing the market realities for Atlantic Basin exporters into Nigeria and other regions.

The sulfur content of the export by NNPC stands at 0.26 per cent per wt and a 0.918 g/ml density at 15°C, according to Kpler, a data and analysis company.

The cargo was reportedly sold at an $8.50/t discount to the NWE 0.5 per cent benchmark on a Free on Board (FOB) basis.

Kpler reported that the development would help displace imports from traditional suppliers in Africa and Europe, as Nigeria’s falling clean product (CPP) imports are already decreasing, dragging imports into the wider West Africa region lower as well.

https://guardian.ng/energy/nnpc-begins-export-from-ph-refinery-as-dubai-firm-buys-first-cargo/

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Re: Dangote Refinery Fuel Production Impacting European Markets – OPEC by nairalanda1(m): 3:25pm On Jan 16
babzo:


Oh please . Let's stop making excuses for our leaders. They don't want a working Nigeria or African, but they are ok with Dubai and Saudi, with Taiwan and Singapore? With Ghana having uninterrupted Democracy for almost 40 years.

Ghana had muillitary rule from 1966-79 and again under Rawlings from 1981-92.

Dubai and Saudi are oil rich plutocracies. Remove oil, and they would be doomed.

With India becoming the number one exporter of Tech power on Earth?

Also India...massive poverty, and a lot of issues with religious and tribal violence. And corruption as well.


Why should anyone be responsible or interested in your development? Why should what your neighbor thinks of you be any concern?

Why should your neighbor be happy or interested
or contribute to your progress when he or she has their own problems?

Nigeria has been governed for over 60 years by Nigerians and almost all these leaders from Local Government to President are now billionaires in Naira simply by stealing from the money meant to develop your country, how is that sustainable?

Nigeria is not developed because we run a socialist economy...which enables corruption and lack of development. We also do not rely heavily on manufacturing as well.

Ghana and many other African countries are like us. Resource dependent economy.

3 Likes

Re: Dangote Refinery Fuel Production Impacting European Markets – OPEC by Yestogood: 3:26pm On Jan 16
Leobankx:

Fixing Ajaokuta is a waste of money, the money that'll be used to fix it can build a modern one. The Russian contractors who built it made it very hard for anyone else to fix it.

You are correct, and I know this because I am an insider in the iron and steel sector. That obsolete complex in Ajaaokuta should be used to run other subsidiary industries. The blast furnace is outdated. Fatally so.
The thermal power plant and the rolling mill can be repurposed. The staff accommodation can be donated to Kogi State government, or whatever the government decides.
The general area can be developed into an industrial park like we have in China, focusing on steel fabrication, machining of automotive components and the acquisition of skills in metalworking, foundry etc to edge Nigeria forward in the quest for development.

3 Likes

Re: Dangote Refinery Fuel Production Impacting European Markets – OPEC by bizzle2: 3:26pm On Jan 16
Quelme:
That's the effect of Tinubunomics.

Putting Nigeria on the global map.
Lmao , Same Tinumbunomics that unsuccessfully tried to sabotage Dangote wth thier Malta blend crap?
Same Tinumbunomics that has got Dangote relying on importing crude , crude !!! crude oil!!!! Africa's largest crude producer!!
you people amaze me
Re: Dangote Refinery Fuel Production Impacting European Markets – OPEC by koladata(m): 3:26pm On Jan 16
you see!!!!

1 Like

Re: Dangote Refinery Fuel Production Impacting European Markets – OPEC by PDPdestroyer(m): 3:27pm On Jan 16
Is Dangote refinery truly working? …because some sore losers told us the refinery wouldn’t work until 2039, just as they denied existence of the 2nd Niger bridge

3 Likes 1 Share

Re: Dangote Refinery Fuel Production Impacting European Markets – OPEC by babzo(m): 3:28pm On Jan 16
nairalanda1:


Ghana had muillitary rule from 1966-79 and again under Rawlings from 1981-92.

Dubai and Saudi are oil rich plutocracies. Remove oil, and they would be doomed.


Also India...massive poverty, and a lot of issues with religious and tribal violence. And corruption as well.




Nigeria is not developed because we run a socialist economy...which enables corruption and lack of development. We also do not rely heavily on manufacturing as well.

Ghana and many other African countries are like us. Resource dependent economy.

Thankyou for this.

No white man is trying to stop us from progressing, we doing enough on our own to limit progress.

There are literally 10,000 to 30,000 government officials who are directly stealing from the Treasury every day, how can a nation survive like that.

2 Likes

Re: Dangote Refinery Fuel Production Impacting European Markets – OPEC by anonimi: 3:28pm On Jan 16
Leobankx:
This is why they don't want a working Nigeria or even Africa at large, imagine a continent so blessed with natural resources depending on Importation and not only that, begging for loans from countries not as naturally blessed.

Stop blaming others for our own failures.

Why did THEY not stop a working UAE and Qatar that got independence 11 years after us? Or Singapore that separated from Malaysia in 1965, and has no natural resources? Ditto for South Korea that was dirt poor in 1960 when we got independence?

What is stopping you from working as hard as these countries instead of wailing upandan about oyinbos being responsible for our failures

anonimi:
Neo-black Problem: Must Blacks Be Ruled by Whites in Order to Prosper?

In short, the neo-black dilemma may be framed as follows: is it better to live under white rule without political dignity but with basic life-sustaining standards for many;

or to live under black rule with illusory political dignity and without basic life- sustaining standards for the majority?
\
\
The path forward for Africa lies in cultivating higher and adequate levels of personal and communal agential integrity as well as full personal responsibility and productivity. Not to mention creativity (including epistemic creativity), productive justice (such as merit and freedom), harmony and reconciliation at local and international levels, and a proper domestication of capitalism and other related values and institutions.

Africa must stop wasting her time on dreams of socialism because it is a system of wealth distribution primarily. Whereas, capitalism is a system of wealth creation primarily, and wealth has to be produced before it can be distributed.

https://www.thisdaylive.com/index.php/2024/10/12/neo-black-problem-must-blacks-be-ruled-by-whites-in-order-to-prosper/

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Re: Dangote Refinery Fuel Production Impacting European Markets – OPEC by Gotocourt: 3:28pm On Jan 16
ElSudani:


You don't know what you are talking about. You have no idea the role Tinubu played in having the refinery sited in Lagos. Why would he try to sabotage it. All these Obidients and their childish lies.
When EFCC, DPR, NURPC and NNPC were fighting him on low quality and other nonsense
Re: Dangote Refinery Fuel Production Impacting European Markets – OPEC by Lontorlooka(m): 3:29pm On Jan 16
slimfit1:
So who are the people working in the refinery?

Indians for the most technical and business side.
Re: Dangote Refinery Fuel Production Impacting European Markets – OPEC by nairalanda1(m): 3:29pm On Jan 16
Leobankx:
This is why they don't want a working Nigeria or even Africa at large, imagine a continent so blessed with natural resources depending on Importation and not only that, begging for loans from countries not as naturally blessed.

NO, Nigerians sabotaged domestic refining by insisting on subsidy for petrol and other refined products.

Subsides prevent refineries from operating at a profit. That is why government wanted to remove them since the 1980's under IBB...because they cost too much and were inefficent. But most of you Nigerians said no and no over the years. You even scared people like Abacha from removing it.

Result...a refinery system that operated at a loss...which led to a big mess.

Venezuekla has been doing subsides for decades, and their largest refinery went from 900000bpd to 100000bpd...because they were not making sufficent profit to work well enough.

Even countries like Iran that have working refineries with subsides have massive debts that worry their governments every single day.

1 Like 1 Share

Re: Dangote Refinery Fuel Production Impacting European Markets – OPEC by ehikwe22: 3:32pm On Jan 16
Gotocourt:
Tinubu and Dangote have finally settled shocked

Dangote is a man with balls of steel, Tulumbu backed out shocked

How exactly? Or Tinubu wanted to frustrate it because of his interest in fuel importation as an owner of a blender plant?
Re: Dangote Refinery Fuel Production Impacting European Markets – OPEC by ehikwe22: 3:32pm On Jan 16
nairalanda1:


NO, Nigerians sabotaged domestic refining by insisting on subsidy for petrol and other refined products.

Subsides prevent refineries from operating at a profit. That is why government wanted to remove them since the 1980's under IBB...because they cost too much and were inefficent. But most of you Nigerians said no and no over the years. You even scared people like Abacha from removing it.

Result...a refinery system that operated at a loss...which led to a big mess.

Venezuekla has been doing subsides for decades, and their largest refinery went from 900000bpd to 100000bpd...because they were not making sufficent profit to work well enough.

Even countries like Iran that have working refineries with subsides have massive debts that worry their governments every single day.

You're too ignorant
Re: Dangote Refinery Fuel Production Impacting European Markets – OPEC by ElSudani: 3:35pm On Jan 16
Gotocourt:

When EFCC, DPR, NURPC and NNPC were fighting him on low quality and other nonsense

The government still have to follow the law and laid out regulations. These are sometimes very complex to sort out, that doesn't mean Tinubu was directing anyone to go after him.
The people who said the refinery will never work in 50 years, that the refinery was a scam are the true enemies of progress.
Re: Dangote Refinery Fuel Production Impacting European Markets – OPEC by nairalanda1(m): 3:36pm On Jan 16
ehikwe22:


You're too ignorant

And you are very wise.

Good afternoon, and prosper well, young squire.
Re: Dangote Refinery Fuel Production Impacting European Markets – OPEC by DrChukki: 3:39pm On Jan 16
Leobankx:
This is why they don't want a working Nigeria or even Africa at large, imagine a continent so blessed with natural resources depending on Importation and not only that, begging for loans from countries not as naturally blessed.

But my brother, how are they really making our nation not to work?

Are they the ones ruling us?

Can't our leaders think?
Re: Dangote Refinery Fuel Production Impacting European Markets – OPEC by DrChukki: 3:41pm On Jan 16
JAMO84:
A certain tribe (Not all of them) swore that the refineries will never work. Just like they swore that Tinubu will never be President.

Losers

Did you say a certain tribe or a certain set of people?

The last time I checked, no opinion has ever been universal...
Re: Dangote Refinery Fuel Production Impacting European Markets – OPEC by Smartcitizen: 3:42pm On Jan 16
JAMO84:
A certain tribe (Not all of them) swore that the refineries will never work. Just like they swore that Tinubu will never be President.

Losers


Let Tinubu be president and let those who supported him continue in their suffering.

What a wonderful wish.

🤣🤣🤣🤣🤣🤣🤣🤣
Re: Dangote Refinery Fuel Production Impacting European Markets – OPEC by EndBuhariNow(m): 3:48pm On Jan 16
Quick reminder.. water is cheaper in Arab Emirates than fuel
Re: Dangote Refinery Fuel Production Impacting European Markets – OPEC by Edygrin(m): 3:48pm On Jan 16
babzo:


100% falsehood. We are always making excuses for ourselves. A human being like a community of human beings is 100% responsible for its success or failure.

If someone else is responsible for your success or failure that means there is nothing you can do to succeed or fail in life on your own.


So you mean the hundreds of unemployed youths in Nigeria are the cause of their unemployment not the government's bad policies?
Re: Dangote Refinery Fuel Production Impacting European Markets – OPEC by NOETHNICITY(m): 3:50pm On Jan 16
whytediamond:
Imagine if our 3 National refineries are working, plus Dangote's.


Una leaders for 9ja shaaaaa
Im happy to announce to you that 2 of the refineries are now working sir
Re: Dangote Refinery Fuel Production Impacting European Markets – OPEC by Kennitrust(m): 3:54pm On Jan 16
CooldipoMPS:
Baddest!


Sai Dangote!

He singlehandedly save us from this shame and embarrassment!
and yet our greedy politicians don't want to reduce the price
Re: Dangote Refinery Fuel Production Impacting European Markets – OPEC by babzo(m): 3:55pm On Jan 16
Edygrin:


So you mean the hundreds of unemployed youths in Nigeria are the cause of their unemployment not the government's bad policies?

Everyone is responsible for his success or failure in life. If you are waiting for some government made up at best with clueless individuals and at worst with criminal masterminds to save or help you, you are wasting your time.

Seek help where you can, but take responsibility for your life.

1 Like 1 Share

Re: Dangote Refinery Fuel Production Impacting European Markets – OPEC by gasparpisciotta: 4:00pm On Jan 16
AbuTwins:
May Allah bless Dangote!
May Allah bless Nigeria!
May Allah bless BAT, Buhari, GEJ, Yar'adua and others!
May Allah bless those upcoming refineries and industry builders too!

How i wished all these fuel thingy happened between 1999-2003!

Allah has blessed President Tinubu already ba?
Re: Dangote Refinery Fuel Production Impacting European Markets – OPEC by AbuTwins: 4:02pm On Jan 16
gasparpisciotta:


Allah has blessed President Tinubu already ba?

Allah has blessed everyone in one way or the other!
Re: Dangote Refinery Fuel Production Impacting European Markets – OPEC by CSTRR: 4:03pm On Jan 16
Quelme:
That's the effect of Tinubunomics.

Putting Nigeria on the global map.
You are an idiot.
Re: Dangote Refinery Fuel Production Impacting European Markets – OPEC by CodeTemplar: 4:05pm On Jan 16
IyanAtiEgusi:
and Tinubu cool
Tinubu is inconsequential here. If anything he slowed the refinery. Until now Dangote is still importing crude from USA and that extra strain on the lean forex supplies.
Re: Dangote Refinery Fuel Production Impacting European Markets – OPEC by CodeTemplar: 4:07pm On Jan 16
2special:
pray for yourself...God donn already bless Dangote
Money is a tiny fraction of blessings. I dont do witchcraft.
Re: Dangote Refinery Fuel Production Impacting European Markets – OPEC by kuntash: 4:09pm On Jan 16
ElSudani:


You are right, sometimes Africans unwittingly support these diabolical schemes.
I believe same thing is playing out with Ajaokuta. I hope Tinubu can finally fix that too.

you forget to add the need for members of Nairaland to soft pedal in the many comments that triggers so much hate and disunity. That is worse off than what external forces can cause.
Re: Dangote Refinery Fuel Production Impacting European Markets – OPEC by cmikel: 4:11pm On Jan 16
Edygrin:
The Organisation of the Petroleum Exporting Countries, OPEC, has said that the production of petroleum products, including Premium Motor Spirit, PMS, at Dangote Petroleum Refinery, is impacting the PMS market in Europe.



https://dailypost.ng/2025/01/16/dangote-refinery-fuel-production-impacting-european-markets-opec/




More reasons they don't want Africa developed so u can keep running back to them and develop their place

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