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Nairaland Forum / Nairaland / General / Politics / Dangote Refinery, Others Threaten Existing Plants – OPEC (30896 Views)
Tax; OPEC Reveals Reasons Why dangote Petrol Is Costly In Nigeria / Oil Companies Projected To Supply Dangote Refinery, Others 597,700 BPD Of Crude / No Enough Crude For P/harcourt Refinery, Others – Minister (2) (3) (4)
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Re: Dangote Refinery, Others Threaten Existing Plants – OPEC by Nobody: 1:23pm On Oct 13, 2020 |
Re: Dangote Refinery, Others Threaten Existing Plants – OPEC by miclef86(m): 1:25pm On Oct 13, 2020 |
Good news for Dangote but it's going to cause more harm than good in most OPEC's exporting countries. |
Re: Dangote Refinery, Others Threaten Existing Plants – OPEC by chamboy(m): 1:25pm On Oct 13, 2020 |
Yahksbiz:white people. |
Re: Dangote Refinery, Others Threaten Existing Plants – OPEC by INTEGRITYA1(m): 1:31pm On Oct 13, 2020 |
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Re: Dangote Refinery, Others Threaten Existing Plants – OPEC by SAMBARRY: 1:33pm On Oct 13, 2020 |
There was a country |
Re: Dangote Refinery, Others Threaten Existing Plants – OPEC by Bloggersp: 1:37pm On Oct 13, 2020 |
Hmmm, i doubt if anything good will come out from naija/Africa as a whole .Dangote refinery .eko Atlantic city e.t.c will end up like ajaokuta cause it will affect some people's economy if you know u know |
Re: Dangote Refinery, Others Threaten Existing Plants – OPEC by ULSHERLAN(m): 1:39pm On Oct 13, 2020 |
FarahAideed: Do you know that Dangote refinery is privately owned like this 1 Like 1 Share |
Re: Dangote Refinery, Others Threaten Existing Plants – OPEC by Golan007: 1:40pm On Oct 13, 2020 |
FarahAideed: Go school, you no gree. 1 Like 1 Share |
Re: Dangote Refinery, Others Threaten Existing Plants – OPEC by arsenal33: 1:42pm On Oct 13, 2020 |
FarahAideed:IT IS PRIVATELY OWNED 1 Like 1 Share |
Re: Dangote Refinery, Others Threaten Existing Plants – OPEC by FarahAideed: 1:44pm On Oct 13, 2020 |
Golan007: Wetin concern school with this talk ... Refinery that was supposed be ready by 2018 is stuck now with lack of finance and uncertainty and you are here telling about school..I eat and breathe business strategy for living ..Trust me Dangote refinery might end up being another Ajaokuta if care is not taken ..Read in between the line of what this OPEC projection us saying |
Re: Dangote Refinery, Others Threaten Existing Plants – OPEC by FarahAideed: 1:45pm On Oct 13, 2020 |
arsenal33: So ? At many points wasn't Ajaokuta handed over to many private people including steel giant Mittal ? |
Re: Dangote Refinery, Others Threaten Existing Plants – OPEC by Golan007: 1:49pm On Oct 13, 2020 |
FarahAideed: Shut up. Dangote's refinery has no financial hindrance. Business strategy my foot. No project of such magnitude that isn't indmenified and indeed backed by various financial powerhouses - local and international. It is in their best interest to see the project come to fruition as their funds are tied down. By the way, It is well known on this forum that you have never wished the country well. Whatever measure of hope and positivity found in this nation you are always willing to decry it. Would you die if you see positive news? 1 Like |
Re: Dangote Refinery, Others Threaten Existing Plants – OPEC by erico2k2(m): 1:51pm On Oct 13, 2020 |
seanfer:There are huge loans attached to it, so do not bank on it |
Re: Dangote Refinery, Others Threaten Existing Plants – OPEC by Contango(m): 1:52pm On Oct 13, 2020 |
The commissioning of Dangote refinery will mark the begining of the strengthening of the naira. I can't wait! 1 Like 2 Shares |
Re: Dangote Refinery, Others Threaten Existing Plants – OPEC by Golan007: 1:54pm On Oct 13, 2020 |
FarahAideed: You skipped too many classes, not to mention that your use of commonsense leaves much to be desired. How can you compare an Ajaokuta that is government's brainchild, riddled with bureaucratic bottlenecks, various interests including the host community, politicians, fly-by-night business persons with the vision of one man, with a large proportion of the work already done? You've been off this forum for quite a while, perhaps you were engaged in Big Brother Nigeria issues. Maybe another of such distraction might be welcomed, considering the level of your contribution on more serious issues. 1 Like 1 Share |
Re: Dangote Refinery, Others Threaten Existing Plants – OPEC by erico2k2(m): 1:54pm On Oct 13, 2020 |
Golan007:Bross chill small, this whole project is based onOIl and the loans are based at the going price of oil and the greenback, if oil crashes, he wont meet up.As we speak there is nowhere he is going to secure money to invest i n the Oil sector cos of the almost No market for produce,Already establishe refinary are struggling to keep thier books,Sometimes we have to look straight at reality and take it on.We do not know how long this covid wahala is going to linger however if 20221 and 2022 looks anything like 2020 then I am afraid the beliefs will move in cos loans needs paid back! 1 Like |
Re: Dangote Refinery, Others Threaten Existing Plants – OPEC by rhythyson: 1:55pm On Oct 13, 2020 |
Nbotee: Say what you know mumu |
Re: Dangote Refinery, Others Threaten Existing Plants – OPEC by slivertongue: 1:55pm On Oct 13, 2020 |
OK but let it come on first... |
Re: Dangote Refinery, Others Threaten Existing Plants – OPEC by erico2k2(m): 1:56pm On Oct 13, 2020 |
Contango:I will disagree on this one, ask yourself this, is the Endproduct going internation to fetch Dollars or is it for local mkt then naira the answer will give you and insight to you initial thought! |
Re: Dangote Refinery, Others Threaten Existing Plants – OPEC by erico2k2(m): 1:57pm On Oct 13, 2020 |
ULSHERLAN:well by loads of people!dont forget its a group of which he is the chairman! he owns 85% |
Re: Dangote Refinery, Others Threaten Existing Plants – OPEC by ednut1(m): 1:58pm On Oct 13, 2020 |
Same refineries obj sold and yar adua reversed the sale |
Re: Dangote Refinery, Others Threaten Existing Plants – OPEC by Golan007: 1:59pm On Oct 13, 2020 |
erico2k2: I insist, it is in the best interest of his backers to continue with support for the project. Can you point to any document which suggests this refinery and its profitability is based on a given price per barrel? Absolutely none. There is demand for energy locally and in the sub region. Claiming that Covid-19 or general drop in price of the feedstock has nothing to do with the project. 1 Like |
Re: Dangote Refinery, Others Threaten Existing Plants – OPEC by optimus106(m): 2:02pm On Oct 13, 2020 |
They don't want to fix our refineries so they can continue to enrich dangote. It is well ooo |
Re: Dangote Refinery, Others Threaten Existing Plants – OPEC by Golan007: 2:03pm On Oct 13, 2020 |
erico2k2: Did you attend the same institution as FarahAideed? You sure sound a lot like him. How can you even suggest the vast reduction in need for dollars to import a product we consume in billions daily, would not have a commensurate impact on the sliding of our local currency? Is positivity anathema to you guys? 1 Like 1 Share |
Re: Dangote Refinery, Others Threaten Existing Plants – OPEC by erico2k2(m): 2:06pm On Oct 13, 2020 |
Golan007:wel you are saying backers, I call that investors/Creditors,(meaning they cant lose cos he has to pay back.He has been taking money from creditors at current interest %, Don't 4get the creditors are mostly not Nigerians so man no man here.The interest rate varies as per world trade and the price of crude plays a significant role to his means of securing credit as the sole reason he now has to borrow is to build a refinary of whice crude is a primary raw material. Investors a no longer kin to credit the crude oil sector as its way to volatile as at today, my STAy is if 2021 and 2020 continues it will be near imposible for him to secure credit to continue.The #1 cunsumer of crud are the Airlines and they are almost all grounded. |
Re: Dangote Refinery, Others Threaten Existing Plants – OPEC by Nobody: 2:07pm On Oct 13, 2020 |
Abouwaza:Who told you there was never a refinery in the first place, are you aware Port Harcourt refinery, one of Nigeria refinery was owned by the British sold to the Nigerian government? When they say there is corruption, if a refinery could be sold to the Nigerian government since the exist of the British colonist then Nigeria is in a big problem. |
Re: Dangote Refinery, Others Threaten Existing Plants – OPEC by Golan007: 2:08pm On Oct 13, 2020 |
erico2k2: The number 1 consumers of crude are not airlines. The common man on the road in Nigeria , day in and day out consumes more fuel than all the airplanes in west Africa. |
Re: Dangote Refinery, Others Threaten Existing Plants – OPEC by erico2k2(m): 2:12pm On Oct 13, 2020 |
Golan007:you seem to forget outright that the Naira strength is based solely o n US as Nigerians selling our crude not us buying petrol! right? or are you confusing yourself witht the availibility of forex and the actual streghnt of the naira? talking about positivity I laugh, that sounds like something from the school of thought of those who see building a flyover as an achievement I swear down. |
Re: Dangote Refinery, Others Threaten Existing Plants – OPEC by erico2k2(m): 2:14pm On Oct 13, 2020 |
Golan007:You have got no clue, so you are telling me the reason teh Oil industry is crashed right about now is cos the common man on the street stopped driving right? |
Re: Dangote Refinery, Others Threaten Existing Plants – OPEC by erico2k2(m): 2:15pm On Oct 13, 2020 |
onyechez:realy? when did the British build the PH refinary? |
Re: Dangote Refinery, Others Threaten Existing Plants – OPEC by Golan007: 2:21pm On Oct 13, 2020 |
erico2k2: Just writing gibberish with confidence. Do you even understand the basics of supply and demand? If Mr. A goes to Ouagadougou to buy batik to sell in Ariaria market but suddenly finds he can purchase same quantity and quality of tomatoes in Umuahia: What would happen to his general income? Would he save on: Going to Mompha to buy CFA? Would he save on travelling to Bobo dialaso for meetings and contract signing? What happens to Mompha's dollar sale when his big customer no longer shows up? Would he sell the dollar he had been preserving at the same rate knowing his big customer was coming to mop it up, or would he look to make quick business selling at the lowest but profitable price he can see? Would Mr. A require dollars for conveyance, landing, even bribing? |
Re: Dangote Refinery, Others Threaten Existing Plants – OPEC by Golan007: 2:22pm On Oct 13, 2020 |
erico2k2: You surely attended the same institution as FarahAideed. |
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