Fuckyoumod:
Dangote said he will sell refined oil to Nigerians at international price.

Now my question is where will the oil he will be refining come from?

Will Dangote import crude oil?

kayfra:


The wise ones cashed in on the stones before the stone age ended. The fact that we are transitioning from oil doesn't mean you shouldn't make make hay at sunset. Besides, there are tons of product from crude oil that aren't fuel related.

Sense is required

trippla01:
Sincerely I don't blame Dangote for siting it far from raw material because we know them over there... besides it's still within reach... God bless Nigeria

Felixv:


The world is awash with crude oil - the US alone is taking in billions and set to overtake SA as the largest exporter of oil.

Dangote’s refinery is a lifesaver for us and we should be greatful. For those who are talking about electric cars - please dream on. The world is not ready for them, Teslas are still very expensive and the hybrids lack the horsepower of challenge the non-hybrid cars.

And the appetite for refined products is still very high.

maoolakanm:
IT PAIN YOU? .YOUR PEOPLE ARE MILITANTS. NO ONE WILL COME AND INVEST SO MUCH MONEY AMONG SOME LUNATICS.

OkunrinOloro:
In the long term a collosal waste of money.

China, India and Germany have already announced that by the year 2030 which is just 11 years away, they would have fully done away with the use of cars which run on fossil fuels.

Indeed, Sheikh Zaki Yamani, a former Saudi oil minister, once said, “The stone age came to an end not for a lack of stones, and the oil age will end, but not for a lack of oil.”

But Nigerians have never been known for long term strategic thinking or planning.

You guys will suffer the consequences of poor leadership very soon.

Godlylifeoneart:

Okunrinoloro is blind at petrochemical components of the project. This same refinary might end up producing fertilizer for the continent, ethanol, methane distillation butane distillation etc
If the world stopped using petrol today in powering automobile, most of the refinaries will be converted to fertilizer and chemical blending plants.
Crude will also be used for collateral products that will benefit mankind.

chemgee:

My guy I used to share this same view with you, until dangote kinda "brunt" his fingers in the tomatoes paste factory and his Noddle's adventure. Maybe he can't just compete except the government his on his side

olugabbie:
Your so called 'BOYZ' wont allow individuals, private organisation or the govt to establish such huge project in south south. U pple should continue to hail d militants n d cultists in south south. You wil kip loosing big project lik dz to the south west.

OkunrinOloro:
In the long term a collosal waste of money.

China, India and Germany have already announced that by the year 2030 which is just 11 years away, they would have fully done away with the use of cars which run on fossil fuels.

Indeed, Sheikh Zaki Yamani, a former Saudi oil minister, once said, “The stone age came to an end not for a lack of stones, and the oil age will end, but not for a lack of oil.”

But Nigerians have never been known for long term strategic thinking or planning.

You guys will suffer the consequences of poor leadership very soon.

OkunrinOloro:
In the long term a collosal waste of money.

China, India and Germany have already announced that by the year 2030 which is just 11 years away, they would have fully done away with the use of cars which run on fossil fuels.

Indeed, Sheikh Zaki Yamani, a former Saudi oil minister, once said, “The stone age came to an end not for a lack of stones, and the oil age will end, but not for a lack of oil.”

But Nigerians have never been known for long term strategic thinking or planning.

You guys will suffer the consequences of poor leadership very soon.

OkunrinOloro:
In the long term a collosal waste of money.

China, India and Germany have already announced that by the year 2030 which is just 11 years away, they would have fully done away with the use of cars which run on fossil fuels.

Indeed, Sheikh Zaki Yamani, a former Saudi oil minister, once said, “The stone age came to an end not for a lack of stones, and the oil age will end, but not for a lack of oil.”

But Nigerians have never been known for long term strategic thinking or planning.

You guys will suffer the consequences of poor leadership very soon.

Spallanzani:

You are not totally correct, fossil energy will still be a major source of fuel in many years to come. Renewable energy only forms 4% of the total energy used worldwide. The demography hasn't changed over a decade. Renewable energy cannot muscle out fossil in 50 years to come.

dante0147:


Lagos is an oil producing state they control five oil wells called the Aje Oil Wells... that is where crude oil will be moved from and transported through the oil pipelines to Dangote refinery ...

Fuckyoumod:
Dangote said he will sell refined oil to Nigerians at international price.

Now my question is where will the oil he will be refining come from?

Will Dangote import crude oil?

charliboy654:

Lol, u are very funny, that's like the biggest refinery in Africa and one of the biggest in the world, Lagos cannot produce any reasonable thing for dangote, but not too worry, dangote is also investing in South South and has made plans already for crude to be supplied to his refinery from pH and warri.

olioxx:

.
.
Hmm... Lets watch and see. I hope you know of the Three Gorge Dam in China and the Turucui Dam in Brazil, I know that China is not slowing down in building renewable energy technology. Sweden generates a good chunk of energy from WTE plants. 80% of energy in Iceland is renewable, from their vast geothermal energy. Norway produce 98% of their energy from hydro power plant.
My point is, fossil fuel will still be used, but the consumption rate will fall, and so the monetary value MIGHT fall as well. The world is going "electric".

JOMAX:

Based on comparative quality and other factors the noodles failed I dare say but what happened to the tomatoes. I really want to know

olioxx:

.
.
You have said it all.
I need to leave Nigeria. We lack vision in this country.
That $12b he spent is enough to build a 7500MW - 8500MW of hydropower plant that can power a large area of Lagos and in turn will yield good revenue, since the world is going "electric". 40% of cars in Norway are electric cars.

dante0147:


Lol it’s you who is funny.. you think an oil well is like a bore hole well ?

Felixv:


The world is awash with crude oil - the US alone is taking in billions and set to overtake SA as the largest exporter of oil.

Dangote’s refinery is a lifesaver for us and we should be greatful. For those who are talking about electric cars - please dream on. The world is not ready for them, Teslas are still very expensive and the hybrids lack the horsepower of challenge the non-hybrid cars.

And the appetite for refined products is still very high.

OkunrinOloro:
In the long term a collosal waste of money.

China, India and Germany have already announced that by the year 2030 which is just 11 years away, they would have fully done away with the use of cars which run on fossil fuels.

Indeed, Sheikh Zaki Yamani, a former Saudi oil minister, once said, “The stone age came to an end not for a lack of stones, and the oil age will end, but not for a lack of oil.”

But Nigerians have never been known for long term strategic thinking or planning.

You guys will suffer the consequences of poor leadership very soon.

chemgee:
My guy I used to share this same view with you, until dangote kinda "brunt" his fingers in the tomatoes paste factory and his Noddle's adventure. Maybe he can't just compete except the government his on his side

erico2k2:

This is very true, One day we might just wake up to realise successive government always aid this guy. In a level playing field, there would be loads of competitors in importing of bulk cement, sugar and other everyday commodities.

olioxx:
You have said it all.
I need to leave Nigeria. We lack vision in this country.
That $12b he spent is enough to build a 7500MW - 8500MW of hydropower plant that can power a large area of Lagos and in turn will yield good revenue, since the world is going "electric". 40% of cars in Norway are electric cars.

OkunrinOloro:
Cash in on what sunset? Dwindling revenues? Failure to diversify your economic portfolio after 50+ years of independence? Even when it was boom time how did you profit?
Sense is indeed needed, but not where you think.

OkunrinOloro:
In the long term a collosal waste of money.

China, India and Germany have already announced that by the year 2030 which is just 11 years away, they would have fully done away with the use of cars which run on fossil fuels.

Indeed, Sheikh Zaki Yamani, a former Saudi oil minister, once said, “The stone age came to an end not for a lack of stones, and the oil age will end, but not for a lack of oil.”

But Nigerians have never been known for long term strategic thinking or planning.

You guys will suffer the consequences of poor leadership very soon.

kayfra:


Environmental impact? Are you kidding? All the countries with refineries don't consider or do EIAs? Lmao

Derivatives of crude oil (as varied and diverse as they are) will always be researched. Just like alternatives to everything is equally researched. Doesn't mean you handicap ypur economy and not produce and export what you can sell while you can sell it. Not rocket science

AutoReportNG2:
Talk of a man who sees opportunity in strange and dangerous places in Africa, the name Dangote may be within the first 10. Dangote, the richest man in Africa is leaving no stones unturned in making sure that the Dangote Refinery comes to actualization and this time, very soon. Dangote is known as a guru in household items like sugar, salt, cement, noodles and lots more. This time, the billionaire is spreading his tentacles to oil and gas.

While there have been mixed feelings in the sector over the actualization of this dream and if this refinery won't be delay due to the Nigerian factor, the Executive Director Devakumar Edwin, who oversees the project, described the suggestion that the refinery is unlikely to start production until 2022 as the product of “someone’s wild imagination”.

[img]https://2.bp..com/-fru4EWTh3AQ/XI-baIcdvwI/AAAAAAAAZXo/uJMAubVpIVQb7KijU3Os3frYD85b1nnAgCLcBGAs/s1600/Dangote_Refinery_Lagos_004_AutoReportNG.com.jpg[/img]

“Ninety-five percent of engineering has been completed, 90 percent of procurement has been completed.” “We started civil works in July last year and we have scheduled 2-1/2 years for mechanical completion,” he said, referring to the point where a plant is ready to be handed over for commissioning.

Aliko Dangote himself had said he hoped to finish building the refinery, which will cost between $12-14 billion in 2019 and to start production in early 2020.

AutoReportNG got some exclusive images and videos from the construction sites and we noticed some giant construction ongoing at the site, they are so massive that ordinary cameras either phone or traditional ones cannot capture its magnificent except drones. It will be a miracle if National Geographic didn't feature this on its documentary channel. Base on the images, we saw that the Temp. Pier & Underwater Pipe Lines Construction is underway about reaching its conclusion, we also a gigantic distillation component. It is learned that the component is one of the biggest in the world as the refinery is billed to start producing petroleum and allied products later this year.

The 650,000 barrel per day (bpd) refinery near Lagos, is Africa’s biggest and is expected to turn Nigeria from an importer of refined products into an exporter, transforming global trade patterns.

These are images and videos AutoReportNG got for you.

[img]https://4.bp..com/-aV0VgQVteyY/XI-bZCNyKqI/AAAAAAAAZXc/HzhUehwEk_EK971sv_EZX7TWtmBORA-jgCLcBGAs/s1600/Dangote_Refinery_Lagos_002_AutoReportNG.com.jpg[/img]

[img]https://3.bp..com/-ewV0cjmmYbY/XI-bZS-1jJI/AAAAAAAAZXk/0BRZsv_l2YQSYMGYDMil5y-t_B0VJKlnQCLcBGAs/s1600/Dangote_Refinery_Lagos_001_AutoReportNG.com.jpg[/img]

[img]https://1.bp..com/-VbbyD3BdliE/XI-bage5VdI/AAAAAAAAZXw/vIGI4u3GxdoVWmijsYSznF2csrToKBm_wCLcBGAs/s1600/Dangote_Refinery_Lagos_006_AutoReportNG.com.jpg[/img]

Satelliate Images

[img]https://1.bp..com/-eREMs6hVMp0/XI-fp6T7pHI/AAAAAAAAZYM/FKM29df01TI8d0VoUwRa9-rIducq8q3SQCLcBGAs/s1600/Dangote_Refinery_Lagos_Plant_002_AutoReportNG.com.jpg[/img]

[img]https://3.bp..com/-daswcQ4t3-Q/XI-frVPnzVI/AAAAAAAAZYU/FqH73yv49mgo_99uPFJUae-WEKzznW3vgCLcBGAs/s1600/Dangote_Refinery_Lagos_Plant_005_AutoReportNG.com.jpg[/img]

A well-detailed video of the work done so far...


https://www.youtube.com/watch?v=REsgrHcg0p8

Source:
https://www.autoreportng.com/2019/03/lastest-update-from-dangote-refinery.html

Magnificent...

Just a quick observation. Because cars in some countries
are transiting to alternative sources of energy or fuel
does not mean that the Petrochemical industry will be
obsolete.

Petrochemical plants actually need a lot of liquified
petroleum gas as raw materials and the demand in China, India,
and the rest of the world is growing exponentially.