| . by HarryDuce(m): 8:29pm On May 09, 2017 |
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| Re: . by USAbabe(f): 8:32pm On May 09, 2017 |
thank God
refinery in port harcourt by AGIP
refinery in abia BY hyundia korea
refinery in edo by edo person
we are moving 2 Likes |
| Re: . by HarryDuce(m): 8:34pm On May 09, 2017 |
•Mynd44
•Lalasticlala |
| Re: . by Khd95(m): 8:37pm On May 09, 2017 |
we ve been hearing this cliches since the days of gather abraham  until I see this refineries fully working,iam not celebrating their cheap cheap talks 
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| Re: . by Alisegun(m): 8:46pm On May 09, 2017 |
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| Re: . by mrvitalis(m): 9:10pm On May 09, 2017 |
This is pure money laundry strategy and nothing more ...15 billion dollars for 150,000 barrels a day ?? Not all Nigerians are fools
How much is dangotes plant ?? Rifinary and petrochemical plant ??
This is just a method to take away profit without following through the right channel ..
This is bad
Unfortunately people who know this are still in minorities of minority 2 Likes |
| Re: . by Tolexander: 5:13am On May 10, 2017 |
mrvitalis:
This is pure money laundry strategy and nothing more ...15 billion dollars for 150,000 barrels a day ?? Not all Nigerians are fools
How much is dangotes plant ?? Rifinary and petrochemical plant ??
This is just a method to take away profit without following through the right channel ..
This is bad
Unfortunately people who know this are still in minorities of minority The same thought I had, reading the news. Dangote refinery which will be on an output level of 650,000 barrels per day costs $12billion. A 150,000 barrel-per-day refinery now to cost $15billion naira? Shey Na naira fall cause am ni abi wetin? 1 Like |
| Re: . by 989900: 6:01am On May 10, 2017 |
The refinery revolution is on!
When 9ja craze for something, they go overboard with it . . . I doubt 1 litre of unrefined crude will leave the shores of this country again in some 7-10 years from now. This should probably lead to relatively stable power, massive employment opportunities, stronger Naira, and doubling of our GDP in few years!
If countries like Japan and Singapore with little or no oil can be refining averagely 4m and 3m barrels per day respectively, then WTF are we doing?
Mobil's refinery in Singapore, built some roughly 50 years ago, refines roughly 600,000 barrels every day. 1 Like |
| Re: . by 989900: 6:03am On May 10, 2017 |
mrvitalis:
This is pure money laundry strategy and nothing more ...15 billion dollars for 150,000 barrels a day ?? Not all Nigerians are fools
How much is dangotes plant ?? Rifinary and petrochemical plant ??
This is just a method to take away profit without following through the right channel ..
This is bad
Unfortunately people who know this are still in minorities of minority Kindly read the article again. |
| Re: . by 989900: 6:19am On May 10, 2017 |
The below is a more detailed version (though lacking needed specifics and raw data) of the story from 'Independent'. . . I wonder why Mynd will choose the shallower one (probably because he/she feels most people don't read).The Federal Government has given its consent to a multi-national oil company, Nigerian Agip Oil Company (NAOC), to build 150,000 barrels per day refinery in either Port Harcourt or Brass worth $15 billion.
The project has potential of boosting Nigeria’s power sector and capacity to refine crude oil locally.
Ibe Kachikwu, Minister of State for Petroleum Resources, made the disclosure after a meeting with acting President Yemi Osinbajo with petroleum ministry, NAOC and NNPC officials at the Presidential Villa, Abuja.
He said that Agip was also building a power plant and would repair the existing refinery in Port Harcourt to boost local production of petroleum products.
“The acting president chaired two meetings this morning. The first was with the Ministry of Petroleum, NNPC and Agip Oil Company.
“In the first meeting, we dealt largely with issues relating to Agip’s investment on Zabazaba field and then their cooperation with us in terms of repairs of the Port Harcourt refinery where they are working with Oando and a few other people.
“And thirdly and more importantly, we reviewed, following my meeting with Agip during the OTC last week with their Chief Executive Officer worldwide.
“We reached an agreement that Agip would build a brand new refinery of 150,000 barrels capacity, which will be located either in Port Harcourt (Rivers) or in Brass (Bayelsa).
“And so, today they reconfirmed that and they are preparing an MoU along those lines.
“The effect of that new refinery goes back to our insistence that oil companies who work in this country would need to begin to migrate away from just exporting crude and begin to look at how to refine those crude and help our local capacity to be able to meet our consumption.”
The minister said that the new refinery, along with the work Agip is to do at the old refinery in Port Harcourt, would increase the country’s momentum in localising the capacity to produce every refined product.
He added that it would enable the country “to meet the timeline for 2019 that we have been targeting conceptually”.
“So, it is very welcome, deliberative, very successful meeting and we are looking forward to working with Agip going forward in working out the modalities and quickening the process to execute this major project.
“I would also be calling on other multinationals who occupy the same space to see what they can do both in the areas of power.”
Kachikwu also said that Agip was doing a second power plant that should be on stream by 2019 to 2020.
He said the objective was to ensure that the oil majors did not just take the crude and all the investments but that they would also see what they could do in terms of creating other related industrial growth paths.
“Total investment from Agip involved in both the Zabazaba field, the power plant and the new refinery is in excess of $15 billion. That is major push in terms of our search for investment,’’ the minister explained.
He noted that by the investment Agip would not take over the country’s refineries.
“They (Agip) are going to build their own refinery; it is not different from Dangote building a refinery.
“And if our own will pack up because they are doing then we must be doing something wrong.
“So, if they are going to bring best practices to the field we need to pursue those best practices because ultimately we must begin to look at an export model,” he added.
Kachikwu said that the administration was looking at how to position refineries in the country to supply the African market.
He explained: “So market protectionism is not going to be the answer. It is getting our own system up in excellent levels of performance to be able to march international standards.’’ |
