arbitrage:
No, Shell's Pearl GTL in Ras Lafan, Qatar is the world's largest GTL plant in capacity (size and production per day) and was completed on schedule after Orxy GTL (owned by Qatar Petroleum and Sasol of South Africa, the licensor of the GTL technology). ExxonMobil planned to build the largest then in the same Ras Lafan industrial city of Qatar but canceled their plan before Shell became the biggest.

J12:

Whats there to celebrate apart from the waste of scarce funds? The money wasted on this project will be used to build about five of the same capacity. Nonsense

nijanigga:
why are u so gullible? everything good for all Nigerians will as usual be sabotage by greed and corruption,this will not have impact on the common masses,either.

pazienza: So, Qatar has a 51 percent stake in their own, while pathetic and foolish Nigeria only has a 15% stake in the one in Delta, and folks are rejoicing?

So much for giant of Africa. *smh*

J12:

Whats there to celebrate apart from the waste of scarce funds? The money wasted on this project will be used to build about five of the same capacity. Nonsense

eyennyin: Lol at Nija . Read "confession of an economic hitman 'and u will understand how these things play out. The imperialist rep by chevron collaborate with Nija theives rep by nnpc to fix the value at $10b. The actual price is $1.2- $1.5m. They share it 75% and 15% resp. Nija taxpayers bring in $1.5m or 15% of JV funding. So Nija just built the whole 100% project and hand it over to the hitmen rep by chevron. They smile to their bank with 75% loot and a major shareholding. That's the lot of an African.

atlwireles:

What are you doing with the 100% stake in the warri, portharcort and Kaduna refineries. Better a functioning infrastructure, than a giant wasteland.

pazienza:


In other words, Nigeria is a grown up man that can't take care of him self,but requires the white man to do that for him. Choi! What a shame, common Qatar can do better than the so called giant of Africa 15%.

atlwireles:

Your analogy is misplaced here, I want to see functioning enterprises in the oil industry, not National pride. Qatar does better, because they have the cash needed to support this kind of investments. Nigeria does not, we cannot even meet our cash call JVC obligations on our signed PSC. Where are you going to get the billions you need?

pazienza:


We dont have the billions you say, but Abacha and other past looters(rulers) have those billions stashed in their swiss bank accounts. If Qatar leaders did the same,would Qatar be able to afford the billions that enabled them to have the 51% stake.

room089: Will this create more jobs for the ever teeming population of graduates in Nigeria?

atlwireles:

Qatar leaders do the same, because Qatar is their personal kingdom, nobody asks any question. Also, their revenue profile and that of Nigeria is almost day and Night. They have billions to spend, we don't even have enough to build roads. Allow private investor take over this projects and Nigeria government via NNPC, should just sit in the corner collecting their royalties and Petroleum taxes.

acqiusitions042: no... it will provide jobs for the teeming Zimbabwean youth.

eyennyin: Lol at Nija . Read "confession of an economic hitman 'and u will understand how these things play out. The imperialist rep by chevron collaborate with Nija theives rep by nnpc to fix the value at $10b. The actual price is $1.2- $1.5m. They share it 75% and 15% resp. Nija taxpayers bring in $1.5m or 15% of JV funding. So Nija just built the whole 100% project and hand it over to the hitmen rep by chevron. They smile to their bank with 75% loot and a major shareholding. That's the lot of an African.

AroOkigbo:
.
You are right to an extent- but note the following:
Unlike in Qatar,
1. EGTL is built on a reclaimed land (you don't want to know how many cubic feet of sand was used)
2. The modules were fabricated in Qatar, Korea, etc and shipped to Nigeria. A new wharf had to be built to take these heavy modules. Moreover, the low water depth meant the sea had to be dredged to take heavy ships.
3. Location. Escravos is only accessible by air or water. A lot of money was spent on flying staff and contactors from Warri and Lagos. Aero contractors, Arik and other airlines made a lot of money. Logistics took a good chunk of the cost of the project.
4. Converting gas to liquid is a whole new technology owned by Sasol. Chevron spent a lot to train operators in SA, US and Qatar. Over 200 people were trained at a point...with some trainees spending over 3yrs in SA.
5. Power supply. A brand new power plant had to be built to take care of energy requirements. And believe me, the energy requirement is high.
6. etc...etc. I don't want to talk about money spent to settle communities, ...and govt. big boys to keep the project going. Uduagha must be commended though. ..without him, the project would have been cancelled by the senate midway.


The GT Diesel and naphtha produced will be exported...100%. Our trucks cannot run on that quality of diesel. So don't expect the price of diesel ever coming down as a result of this project.

Chibokgame: And what has the former president Obasanjo has to say ?

This is really a goodnews
brought about by Goodluck .
God bless Nigeria & Nigerians .

Billyonaire: These American companies operating in Nigeria are actually richer than Nigeria and Nigerians put together. Chevron Nig Limited have 70% stake and NNPC just 15%?

atlwireles:

Is shell GTL Qatar the same thing as Oryx GTL Qatar?

HNosegbe:

So the diesel is not intended for the domestic market? Interesting.

Your detailed explanation still highlights the infrastructure and human capital deficit problems that Nigeria faces, which reinforces my point about the high cost of doing business in Nigeria.

olumuyiolaoluwa: yea most reactors there were fabricated in korea as u said, SGS were also there for calibration whatever.but Julius berger also played a very vital role at the EGTL yard there.this project have started long ago thank God they finally completed it now but my question is the flaring don't know if they have stoped it?

AroOkigbo:
.
You can't stop gas flaring completely...it's a part of the refining process. Such projects will however reduce the quantity of gas flared to the barest minimum.
Gas monetization will give the government additional excess fund...I can't say whether they will loot it or not.

AroOkigbo:
.
Don't worry. The ratio will change after chevron has recouped the initial capital it ploughed into the project.
If chevron was waiting on NNPC, we will not be here to celebrate this success.
Na naija things naa.

735i: The same mistakes we made in the '60's we are making again now.
Why on earth should Chevron Nig Limited have 70% stake and NNPC just 15%?
Who is signing off these contracts?

atlwireles: [b]

The Escravos GTL project had been severally delayed and capital expenditure on it is approaching $10 billion, according to Chevron.

This compares with the $1.2 billion that was spent on the 34,000 bpd Oryx GTL in Qatar, a similar project in terms of technology and capacity, which was inaugurated in 2006.

The Slurry Phase Distillate technology developed by Sasol and utilised at the Oryx project is also in use at the Escravos GTL project.