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Nairaland Forum / Nairaland / General / Business / Abdul Samad Rabiu: BUA Petroleum Refinery Ready In 2024 (29000 Views)
BUA CEO, Rabiu Samad Overtakes Adenuga As Nigeria’s Second Richest Person / Abdulsamad Rabiu Gives Emir Of Kano, Aminu Ado, A N200M Worth Rolls Royce Car / BUA Refinery: Pres. Macron Lauds Abdul Samad Rabiu As BUA Signs Deal With Axens (2) (3) (4)
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Re: Abdul Samad Rabiu: BUA Petroleum Refinery Ready In 2024 by Reference(m): 3:02pm On Feb 11, 2021 |
3 years.... Must be a relatively small one, perhaps a modular design. |
Re: Abdul Samad Rabiu: BUA Petroleum Refinery Ready In 2024 by Gerrard59(m): 3:04pm On Feb 11, 2021 |
BastardWike: Oga, Oil is here to stay. China and India construct three coal plants monthly and still purchase large quantities of crude oil to supply their power plants. Africa is yet to be developed and will seek to use the cheapest forms of energies which are fossils. In fact, apart from transportation, it's hard to replace oil across other areas. Which renewable will replace plastics! Fertilisers? Detergents? Chemicals? Oil is not going anywhere. 4 Likes |
Re: Abdul Samad Rabiu: BUA Petroleum Refinery Ready In 2024 by djon78(m): 3:06pm On Feb 11, 2021 |
400billionman: Exactly They still run on government patronage And the government will not protect the Masse's 1 Like |
Re: Abdul Samad Rabiu: BUA Petroleum Refinery Ready In 2024 by 400billionman: 3:07pm On Feb 11, 2021 |
Realiz: Anyone who controls the largest market share controls the prices of the goods. He has over 60% market share in Nigeria cement market and is like to repeat same in fuel refineries. Gandote controls the price of cement in Nigeria. And the administrators of this country are not wise. Why will you ban cement importation beyond 15 years, when imported cement could sell at N1,500 but the local manufacturers are selling at N3,000 ? You are just punishing the masses to favor a few. The cost of manufacturing one bag of cement is not more than N1300. Let competition decide the prices of goods in this country. They have enjoyed more than 15 years of import ban and many years of tax waivers to solidify their manufacturing lines and recoup investments. FG break the cement monopoly. Now that they have enough to diversify into refineries, cement should not sell above N1500 in Nigeria. Ask China. 1 Like |
Re: Abdul Samad Rabiu: BUA Petroleum Refinery Ready In 2024 by peace80037: 3:16pm On Feb 11, 2021 |
I hope we shall be there one day.. |
Re: Abdul Samad Rabiu: BUA Petroleum Refinery Ready In 2024 by KunleyY19(m): 3:17pm On Feb 11, 2021 |
ibuildstuff: Baba pray for grace the rest will fall in Line... Dangote no be the only person for hin family wey get connection but na hin blow pass... Na Grace Bro... Na God no how e dey run the thing... People get connection get everything and yet they are useless.. Unless you be Atheist Sha. 1 Like |
Re: Abdul Samad Rabiu: BUA Petroleum Refinery Ready In 2024 by Reference(m): 3:18pm On Feb 11, 2021 |
Gerrard59: It is just a matter of time. Time was when coal held sway. In a few years time industry will be penaliaed for coal use and the price will continually sink. Oil will invariably follow. Right now gas is the main thing. Petroleum gas will go before natural gas then water and air will finally be the fuel left. By the way plastics are viewed as an environmental threat as well. By the way fertilizers are gas based products not oil based, chemicals? are made of a diverse number of source elements. 1 Like |
Re: Abdul Samad Rabiu: BUA Petroleum Refinery Ready In 2024 by Gerrard59(m): 3:20pm On Feb 11, 2021 |
EmeraldKing7: Which demand is plummeting? Oil's price has increased because countries are lifting the lockdowns. Africa - home to the fastest growing population - which is largely uneletricified will need crude oil not solar to supply electricity to large number of people at affordable rates. Something renewables CANNOT do. You people like to think crude oil is all about transportation. 1 Like |
Re: Abdul Samad Rabiu: BUA Petroleum Refinery Ready In 2024 by KingLion007(m): 3:20pm On Feb 11, 2021 |
So as a petroleum Engineer,I shld wait till 2024 to work there abi...Mk una fear God oooo |
Re: Abdul Samad Rabiu: BUA Petroleum Refinery Ready In 2024 by Gerrard59(m): 3:21pm On Feb 11, 2021 |
AlphaAlex: Yes, because building refineries is a private business and government should not be in the business of business. |
Re: Abdul Samad Rabiu: BUA Petroleum Refinery Ready In 2024 by m140(m): 3:21pm On Feb 11, 2021 |
Parachoko:You dey mind am, like say the billionaire no get team on visibility studies, it's only he that knows electric cars will soon be everywhere |
Re: Abdul Samad Rabiu: BUA Petroleum Refinery Ready In 2024 by Gerrard59(m): 3:25pm On Feb 11, 2021 |
ibuildstuff: Africa is the ONLY undeveloped continent where the basics of life are yet to be seen and made available to everyone. To become a billionaire in Africa is by solving the problems of the continent which are not tech powered but basics things like food, clothing, schooling, electricity, cheap cars etc. Europe and America have solved their basic necessities so therefore, one shouldn't expect to be billionaire just by going into refining. You people like to Americanise your problems. 2 Likes |
Re: Abdul Samad Rabiu: BUA Petroleum Refinery Ready In 2024 by Nobody: 3:25pm On Feb 11, 2021 |
Gerrard59:I can’t reply the way I want you’re already too dumb for such a response |
Re: Abdul Samad Rabiu: BUA Petroleum Refinery Ready In 2024 by Gerrard59(m): 3:27pm On Feb 11, 2021 |
kayjay69: Bua is constructing her refinery in the bold. 3 Likes |
Re: Abdul Samad Rabiu: BUA Petroleum Refinery Ready In 2024 by Gerrard59(m): 3:32pm On Feb 11, 2021 |
koning: Akwa Ibom near Ibeno - where ExxonMobil have her operations. 1 Like |
Re: Abdul Samad Rabiu: BUA Petroleum Refinery Ready In 2024 by Gerrard59(m): 3:35pm On Feb 11, 2021 |
koning: 50 years. The vast vast majority of African countries don't have a grid let alone a functioning one. For electric cars to be utilised in Africa, the vast majority of Africans should have attained middle income status. Common ethanol isn't even used in cars notwithstanding the availability of corn, sugar and cassava na electric cars Africans going begin dey use? 3 Likes |
Re: Abdul Samad Rabiu: BUA Petroleum Refinery Ready In 2024 by oluseyiforjesus(m): 3:36pm On Feb 11, 2021 |
Good for Nigeria They will be competition Hope yeye FG won't kill Dem with tax D way dey did to cement |
Re: Abdul Samad Rabiu: BUA Petroleum Refinery Ready In 2024 by Gerrard59(m): 3:37pm On Feb 11, 2021 |
AlphaAlex: You might as well write that government should go into telecoms, electricity generation and all. What did the average Nigerian benefit from NITEL? NEPA? Nigerian Airways? Why then do you think same governments should run a refinery? 3 Likes 1 Share |
Re: Abdul Samad Rabiu: BUA Petroleum Refinery Ready In 2024 by Nobody: 3:43pm On Feb 11, 2021 |
Gerrard59:like I said before |
Re: Abdul Samad Rabiu: BUA Petroleum Refinery Ready In 2024 by Gerrard59(m): 3:47pm On Feb 11, 2021 |
Reference: In developed countries where the population is fast declining not in China, Vietnam, India who are building new coal plants every month. Then, it's Sub-Saharan Africa whose population is the fastest growing that will penalise crude oil production and uses? In China and India, coal still accounts for more than 50% of energy use not solar or wind. In Germany, after shutting down nuclear plants because of misinformation regarding Fukushima, she resorted to coal. Same thing happened to Japan. Then, it's Africa that will penalise the petroleum industry? Regarding plastics, again, it's in developed countries where such penalties will occur not Africa that's looking for cheap plastics to grow its economy. Fossils aren't going anywhere. 2 Likes 1 Share |
Re: Abdul Samad Rabiu: BUA Petroleum Refinery Ready In 2024 by AbuAeesha: 3:51pm On Feb 11, 2021 |
BastardWike:at least with their lack of foresight they have been able to make positive impact on alot of pple in the business world, permit me to ask what impact have u made to humanity in the world of business?? do u think these pple are that dumb even though they dont do all the thinking themselves that already employed several professionals to do it.fact!! |
Re: Abdul Samad Rabiu: BUA Petroleum Refinery Ready In 2024 by Anthonyola(m): 4:02pm On Feb 11, 2021 |
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Re: Abdul Samad Rabiu: BUA Petroleum Refinery Ready In 2024 by Blackdisciple(m): 4:03pm On Feb 11, 2021 |
Nice one at least refining outside Nigeria will be no more. |
Re: Abdul Samad Rabiu: BUA Petroleum Refinery Ready In 2024 by Solatium(m): 4:17pm On Feb 11, 2021 |
BastardWike: Na so you mumu reach? fuel is been phased out? Besides,na only petrol and diesel dem dey get through refininig? How about aviation fuel? How about petroleum jelly? Lubricant's of all sorts of grade, Fertilizer components? insecticide by products? Who even told you Petrol cars will be phase out finally? if so why do United States keep drilling for Shale? Dey there make pant dey wear you |
Re: Abdul Samad Rabiu: BUA Petroleum Refinery Ready In 2024 by djon78(m): 4:17pm On Feb 11, 2021 |
Gerrard59: And how many have become billionaires in Nigeria with the exception of few. And all those few have one government patronage Or The other See doing business in Nigerian environment without government patronage is an uphill task If you don't have government backup you are on your own |
Re: Abdul Samad Rabiu: BUA Petroleum Refinery Ready In 2024 by Solatium(m): 4:28pm On Feb 11, 2021 |
erico2k2: Why should we keep importing if those refineries can fulfill our local consumption? it is the appropriate thing to do. |
Re: Abdul Samad Rabiu: BUA Petroleum Refinery Ready In 2024 by LikeAking: 4:36pm On Feb 11, 2021 |
BastardWike: sMART nIGGA. |
Re: Abdul Samad Rabiu: BUA Petroleum Refinery Ready In 2024 by LikeAking: 4:49pm On Feb 11, 2021 |
Gerrard59: oIL IS not going anywhere, no doubt. But the price will surly plummet in the future. because cars/vehicler consumption are the major drivers of the product. Once the whites create their anti crude polices ti will surly tank. Trump played an important role keeping the price afloat, because he refused to be part of the green watever. But Dinosaur Biden is in surport of anti crude oil plicies. |
Re: Abdul Samad Rabiu: BUA Petroleum Refinery Ready In 2024 by LikeAking: 4:54pm On Feb 11, 2021 |
Gerrard59: Dont allow evil Naija govt deceive you na. The Chinese govt which is currently the best govt in the world is still investing in biz. No let irresponsible govt decive you with such statements. One of the reason why Naija is dying, is becos the govt no longer invest in business. We have not reached that American/European stage economically. Yes, because building refineries is a private business and government should not be in the business of business Polices like the above mentioned are only valid in very developed societies and not Nigeria. Nigerian govt love to copy the developed countries ignorantly. |
Re: Abdul Samad Rabiu: BUA Petroleum Refinery Ready In 2024 by saniby: 4:59pm On Feb 11, 2021 |
BastardWike: ...and what is our dear QUATER SYSTEM ECONOMIC ANALYST bringing to the Nigerian table? ..Nothing apart from envy and critism. You always misunderstand your local environment while building analysis that stood on water. For your information, Nigeria will remain a big market for petroleum products for the next 40-50 years irrespective of the renewable energy penetration. If you can't appreciate our local investors, pls show us your own profitable future proof investment. Else.... 1 Like |
Re: Abdul Samad Rabiu: BUA Petroleum Refinery Ready In 2024 by Zaggafrank: 5:00pm On Feb 11, 2021 |
tito44:You will divide it in your dream? Keep dreaming |
Re: Abdul Samad Rabiu: BUA Petroleum Refinery Ready In 2024 by Etudy: 5:39pm On Feb 11, 2021 |
Electronic vehicles will come with some disadvantages that will keep PMS powered vehicles in an advantaged competition. |
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