pol23:
This news is just a hype.
The total worth of the Tank Farm is $330M.
How possible can this cut the Apapa congestion by 60%?.
It's not near being real...Sure they'll reduce the Traffic, many of the suppliers will prefer to buy from them, when you consider their location,you don't need to enter Lagos and Face traffic or having to que for days at the port.
But talking about the availability of the product and their Capacity,they can't serve 20% of the suppliers.
Their Proposed output is 600M litter monthly and Nigeria runs on over 40M litter daily...that's over 1.6B litter monthly.
It's a welcome Development,but The Lagos traffic will still be there.

DaudaAbu:
So what is innovative here?

Are they hoping that the country will continue to import petroleum product

I thought they should be building refinery. Abi na dangote product they want to be stocking

NCP:
Ogun again, SW? What's happening to private investments in other regions?

kay29000:


Thanks for the comment, but I still don't know exactly where that is. Where is Itokin? Which other popular area is close to the place? Ikorodu? Sagamu?

Larryton:




About 15mins drive from Ìjẹ̀bú ode and not too far from ikorodu as well, u can check Google for more info sir.

Larryton:






Ibefun share boundry with Lagos and ogun state very close to Itokin in lagos state. I once worked as a surveyor in petrolex, then we were creating part where there pipeline will pass. Massive construction is going on there.

NCP:
Ogun again, SW? What's happening to private investments in other regions?

countryfive:





sorry o! its not your fault , your attitude has something to do with ur upbringing.

Spylord48:



Please do you know if the firm is recruiting now?

Larryton:





I don't know sir because I have left there due to disturbance of all these ọmọ onílè (land speculator) which the management have to resolve before our work can continue

LordAdam16:


Nonsense trash.

Has pipeline ever been blown in Akwa Ibom, Cross Rivers or Edo.

Abi is there no vandalism in Lagos, Ogun and virtually all states where pipelines cross.

I'm not hating on the SW, but this misconception has to stop. ExxonMobil is still in Akwa Ibom, Cheveron run much of their operations in PH.

If the investors are worried about pipeline being blown up, there are peaceful areas in SS to site projects like this. They can keep the administrative branch in the SW since it's the financial nerve of the country.

If you say since it's majorly a gasoline tank farm, so they have to cite it close to the ports where gasoline is offloaded, I'll understand. But don't switch to the default security risk argument.

Anyway, nothing concern me, I don hands-up for this country mata.

-Lord

Rotentina:


Do you know the owner or the brain behind this gigantic business?

Blue3k:


Lol you were the one celebrating the militant's proclamation now you're here saying it's not that bad. Investors should dump money because you have them green light? Don't talk with a forked tongue now .

The same Akwa Ibom where the governor crying over Exxon Mobil HQ them ordering them to return on nonexistent directives. Company's generally keep their HQ and opperation together. This why most oil companies are based in Houston instead of New York.

Akwa Ibom and SS does attract investment but their antics does drive away some investors. It's the regions reputation now. 2 major refineries went to SW. What I said then is proving to be true. I don't need to better proof.

EvilMetahuman:
because we will not one day blow their investment up just to punish the entire country or spit on the face of the president.

LordAdam16:


Can you give one instance where a gasoline depot or refinery in the SS have been blown up? Just one.

-Lord

LordAdam16:


The militants proclamation has nothing to do with any of this.

They don't target refineries. We have 3 refineries in the SS, none of them has been targeted since they were built.

Saying security is a reason not cite a refinery in the SS is a moot point. As I said, I have nothing against the SW, but don't insult anyone's intelligence by using unreasonable points to justify citing the refineries in the SW.

Dangote can say he is citing the infrastructure in Lagos because the state is basically the hub of distribution of refined petroleum products and is the financial nerve of the country. Adebutu is citing his in Ogun since he is from the state.

If the three refineries in the SS are sold, they'd function optimally without any disruption to their activities.

-Lord

Blue3k:
Lol you were the one celebrating the militant's proclamation now you're here saying it's not that bad. Investors should dump money because you have them green light? Don't talk with a forked tongue now .

The same Akwa Ibom where the governor crying over Exxon Mobil HQ them ordering them to return on nonexistent directives. Company's generally keep their HQ and opperation together. This why most oil companies are based in Houston instead of New York.

Akwa Ibom and SS does attract investment but their antics does drive away some investors. It's the regions reputation now. 2 major refineries went to SW. What I said then is proving to be true. I don't need to better proof.

Blue3k:


Lol this is too funny. You can target the oil pipelines they need and you don't feel that effects the refinery's business. Oil output drop like a rock because of they clowns you support till government pays them off. You should explain how disrupting downstream sector doesn't effect upstream sector to these investors.

Dangote and this guy both had choice on building refineries in SS but they don't. People internationally don't care to build new one. The same opportunities exist in both regions. There's only a few differences people could point out like infrastructure and safety.

Your point about him being from Ogun doesn't matter. His love for his state won't come before profits especially if he wants to put company of stock exchange. Lenders don't care about Ogun they just want him to bring back profits. I won't argue this any more.

EvilMetahuman:
so it has to be gasoline depot or refinery?

how old are you?

LordAdam16:


I don't comment on every story. Next
If a pipeline is blown, it doesn't matter where you cite the refinery. Whether in Lagos or Kaduna, there wouldn't be a flow of oil. So the idea about oil assets being potentially compromised as a reason for citing a refinery in the SW is a massive sinkhole. It is baseless. 

You are educated and you're informed, but some of your opinions are colored by bias instead of being rooted in verifiable facts. When talk about the Ogoni cleanup being stalled comes up, you'd be no where to be found. The moment we talk about heading back to the trenches to jolt the establishment to their senses, you'd emerge from your cocoon.

Today, the Dangote Refinery can process a wide range of crudes, such as all the African crudes including those of Algeria, Libya, Angola, Gabon, Equatorial Guinea, the U.S. crudes, Arab Light, etc. Since we are not dependent on Nigerian crude, we are not prone to the risk of the Niger Delta disturbance. We do not use pipelines; rather, we use ships. We use Single Point Mooring Buoys (SPMs) for offloadingthe crude and loading the products.

Blue3k:


The militants don't care. I already said they can be bribed then they disappear. The Ogoni clean i havebt read much on it. Government and oil companies should clean it up. Last time I checked they found companies to start work.

The refinery citing does matter. Let's start with dangote refinery, the sources of oil aren't exclusive or dependant ND. As you know the ease of getting oil is dependant on where refinery is.

LordAdam16:


So you knew the sources of oil for Dangote's refinery are not exclusively Nigerian, and you were bringing up security like it was the huge elephant in the room?

As I said, REPEATEDLY, there are lots of reasons why it makes sense to establish a refinery and depot in the SW, none of which is security.

And about the militants not caring. I'm pretty sure there's a reason why none of the refineries and depots in the SS have been compromised even in the height of militancy? It makes zero sense for the militants to leave the safety of the creeks to go sabotage an installation in an urban area that'd have civilian casualties.

It's infinitely easier, safer, and logistically sound to simply locate an unguarded stretch of a trunk line be it onshore or offshore. It also has the most impact on the nation's finances. Which is the only thing that'd bring the government to the negotiation table.

No one would risk his life to go blow up a refinery in the heart of PH. To what end?

-Lord

On the restiveness in the Niger Delta and crude supply

The original thought was that we had everything we needed in Nigeria, that is the crude oil. When we started analysis, we realised that it was highly risky to place all our eggs in one basket, by relying only on Nigerian crude.

Blue3k:


They choose not to use pipelines because they can be compromised. The article said so twice. Saying it's phantom threat ignores facts. Yeah they want to be paid off like I said nothing more. They know the people would turn against them if they end up harming them. This doesnt mean you care about public good you just don't want to harm image.

LordAdam16:


So you effectively agree that citing in the SW is not because he is worried that his installations will be attacked, but because he knows he may not get as much oil as he needs?

You do know those two things are different right?

And more importantly, where did you pull your security excuse from?

-Lord

Blue3k:


Again you think upstream not effected by your millitant buddies bombing downstream pipelines? The company doesn't need to be directly attacked. If all his inputs are at risk then there's issue. Petrolex probably wanted to avoid ND aswell. The only major difference between SS and SW is security. Then you have Lagos as the giant economy.

The fact they use ships, pipelines and made sure oil can be sourced multiple spots shows the risk. In the interview they specifically talked a out insecurity of ND. We already know about issue of ND begging for HQ's to return. SW offered better security and business environment.

Blue3k:
Again you think upstream not effected by your millitant buddies bombing downstream pipelines? The company doesn't need to be directly attacked. If all his inputs are at risk then there's issue. Petrolex probably wanted to avoid ND aswell. The only major difference between SS and SW is security. Then you have Lagos as the giant economy.

The fact they use ships, pipelines and made sure oil can be sourced multiple spots shows the risk. In the interview they specifically talked a out insecurity of ND. We already know about issue of ND begging for HQ's to return. SW offered better security and business environment.