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Nairaland Forum / Nairaland / General / Business / Latest Update from Dangote Refinery, Ibeju-Lekki, Lagos (Photos and Videos) (62103 Views)
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Re: Latest Update from Dangote Refinery, Ibeju-Lekki, Lagos (Photos and Videos) by Felixv: 8:21pm On Mar 18, 2019 |
Fuckyoumod: 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. 2 Likes |
Re: Latest Update from Dangote Refinery, Ibeju-Lekki, Lagos (Photos and Videos) by trippla01(m): 8:32pm On Mar 18, 2019 |
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 1 Like |
Re: Latest Update from Dangote Refinery, Ibeju-Lekki, Lagos (Photos and Videos) by cesareborgia(m): 8:34pm On Mar 18, 2019 |
Lagos has oil, and Dangote has already bit some oil wells close to ibeju,. 1 Like |
Re: Latest Update from Dangote Refinery, Ibeju-Lekki, Lagos (Photos and Videos) by erico2k2(m): 8:37pm On Mar 18, 2019 |
kayfra:Apart from Petrol and heavy Oils, everything else from Crude Oils is bye product, Sense is really required! |
Re: Latest Update from Dangote Refinery, Ibeju-Lekki, Lagos (Photos and Videos) by erico2k2(m): 8:39pm On Mar 18, 2019 |
trippla01:I don't think Dangote has any plan to get Oil frm the ND, he would have to buy from the world market.cos if he pipes Oil from the ND that would be a waste of money! |
Re: Latest Update from Dangote Refinery, Ibeju-Lekki, Lagos (Photos and Videos) by erico2k2(m): 8:41pm On Mar 18, 2019 |
Felixv:Are you serious about Hybrid cars?I take it you have not seen the BMW,Audi,Merc and Range rover hybrids hence you are talking like this. The Tesla is getting cheaper, way cheaper, we even have Nissan Leaf which is very cheap 1 Like |
Re: Latest Update from Dangote Refinery, Ibeju-Lekki, Lagos (Photos and Videos) by erico2k2(m): 8:42pm On Mar 18, 2019 |
maoolakanm:If only You know ahaha Do you know howmuch a Soldier needs to bribe the Oga at the top in order to be deployed to the Creek?? |
Re: Latest Update from Dangote Refinery, Ibeju-Lekki, Lagos (Photos and Videos) by grandstar(m): 8:44pm On Mar 18, 2019 |
OkunrinOloro: Obailala Oil will always be needed. Even if China and many countries achieve fuelless cars, India will be a massive market in the future and many emerging countries that are part of the Next11 Also, anytime the price of oil drops, demand increases creating new insatiable demand for it even when the price rises. 3 Likes 1 Share |
Re: Latest Update from Dangote Refinery, Ibeju-Lekki, Lagos (Photos and Videos) by erico2k2(m): 8:44pm On Mar 18, 2019 |
Godlylifeoneart:They wont make money, [size=8pt][/size]Petrol and Diesel plus kerosine and Heavy Oils are the main deal when it comes to crude Oil refining. |
Re: Latest Update from Dangote Refinery, Ibeju-Lekki, Lagos (Photos and Videos) by erico2k2(m): 8:47pm On Mar 18, 2019 |
chemgee: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. |
Re: Latest Update from Dangote Refinery, Ibeju-Lekki, Lagos (Photos and Videos) by erico2k2(m): 8:48pm On Mar 18, 2019 |
olugabbie:come to Koko and see what's going on there |
Re: Latest Update from Dangote Refinery, Ibeju-Lekki, Lagos (Photos and Videos) by almayda: 8:59pm On Mar 18, 2019 |
Obviously a lot of these flat heads ain't happy about this news,hey but who cares,we they progressives are. |
Re: Latest Update from Dangote Refinery, Ibeju-Lekki, Lagos (Photos and Videos) by Reference(m): 9:01pm On Mar 18, 2019 |
OkunrinOloro: We are already at sea. What is the difference betwern imprisonment and incarceration mbok. |
Re: Latest Update from Dangote Refinery, Ibeju-Lekki, Lagos (Photos and Videos) by Spallanzani: 9:11pm On Mar 18, 2019 |
OkunrinOloro: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. 1 Like |
Re: Latest Update from Dangote Refinery, Ibeju-Lekki, Lagos (Photos and Videos) by olioxx(m): 9:16pm On Mar 18, 2019 |
OkunrinOloro:. . 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. 1 Like |
Re: Latest Update from Dangote Refinery, Ibeju-Lekki, Lagos (Photos and Videos) by olioxx(m): 9:24pm On Mar 18, 2019 |
Spallanzani:. . 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". |
Re: Latest Update from Dangote Refinery, Ibeju-Lekki, Lagos (Photos and Videos) by Nobody: 9:26pm On Mar 18, 2019 |
dante0147: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. |
Re: Latest Update from Dangote Refinery, Ibeju-Lekki, Lagos (Photos and Videos) by 9jaRealist: 9:26pm On Mar 18, 2019 |
Fuckyoumod: You do know that all Nigerian oil is sold at international prices? There is nothing like “local price” for crude oil, but the corrupt stupidity that your government has embarked upon for years (if not decades) is to export crude, buy the finished products at international prices (sustaining foreign refineries and foreign workers in the process), and then use money that would be better spent on education and healthcare to subsidize the relatively small population of car owners. Interesting that diesel which is the primary product used for haulage in Nigeria is NOT subsidized (and neither is kerosene that is cooking fuel for many households), but yet Nigeria spends much more than its COMBINED education and healthcare budgets on the corrupt petroleum “subsidy” regime. A foolproof prescription for commercial failure is to sell your goods at below the cost of production (wherher akara balls or gasoline). Nonetheless, if the government believes there is a social good for cheap petrol, it should DIRECTLY bear the cost of subsidization itself and not pass it on to PRIVATE businesses (as has been done with disastrous consequences on the still-born Electric Power sector privatization). |
Re: Latest Update from Dangote Refinery, Ibeju-Lekki, Lagos (Photos and Videos) by dante0147: 9:32pm On Mar 18, 2019 |
charliboy654: Lol it’s you who is funny.. you think an oil well is like a bore hole well ? |
Re: Latest Update from Dangote Refinery, Ibeju-Lekki, Lagos (Photos and Videos) by Nobody: 9:33pm On Mar 18, 2019 |
olioxx:Do u know u can get up to 6000 thousand by-product from crude apart from fuel for producing energy they're lots of other products, dangote is not just building a refinery he is building a fertilizer plant as well. These fertilizers are by-product from the crude, bitumen, carbon black and many other products can be gotten from crude. |
Re: Latest Update from Dangote Refinery, Ibeju-Lekki, Lagos (Photos and Videos) by chemgee: 9:37pm On Mar 18, 2019 |
JOMAX:https://www.nairaland.com/4500631/why-dangote-closed-tomato-factory 1 Like |
Re: Latest Update from Dangote Refinery, Ibeju-Lekki, Lagos (Photos and Videos) by kayfra: 9:39pm On Mar 18, 2019 |
olioxx: It's his money. Let him spend it however he pleases. Why don't you tell Ibeto to build a hydro power plant? Jeez 1 Like |
Re: Latest Update from Dangote Refinery, Ibeju-Lekki, Lagos (Photos and Videos) by Nobody: 9:39pm On Mar 18, 2019 |
dante0147:U really don't know anything, I have worked in warri refinery, we have reservoir supplying kaduna from warri not to talk of Lagos, also ship will be use to transfer crude from warri to Lagos. I heard dangote bought some part of warri port not too sure yet. |
Re: Latest Update from Dangote Refinery, Ibeju-Lekki, Lagos (Photos and Videos) by chemgee: 9:42pm On Mar 18, 2019 |
Felixv:the US used to be one of our biggest buyers, No thanks to Shale technology, now they refine about 8X our capacity, plus oil discoveries in more countries will make it a buyer's market in the nearest future. when I tell people it's like I'm speaking French. 1 Like |
Re: Latest Update from Dangote Refinery, Ibeju-Lekki, Lagos (Photos and Videos) by grandstar(m): 9:59pm On Mar 18, 2019 |
OkunrinOloro: Obailala Oil will always be needed. Even if China and many countries achieve fuelless cars, India will be a massive market in the future and many emerging countries that are part of the Next11 Also, anytime the price of oil drops, demand increases creating new insatiable demand for it even when the price rises.[b][/b] 1 Like |
Re: Latest Update from Dangote Refinery, Ibeju-Lekki, Lagos (Photos and Videos) by 9jaRealist: 10:13pm On Mar 18, 2019 |
chemgee: Dangote sold his noodles business to Indomie at a tidy profit! Meanwhile, can you please show us any Nigerian local tomato paste plant that has been long-term profitable? The Nigerian paste production sector will NEVER be viable so long as cheap imports from China are dumped into the market. That’s pretty much the same circumstance that destroyed Nigeria’s textile industry that had several hundred producers and employed about ONE MILLION NIGERIANS directly and indirectly. erico2k2: Nigeria should NOT be importing bulk cement, PERIOD! Thankfully, thanks to the likes of Dangote Cement, BUA and even foreign companies like LaFarge, Nigeria has moved from reportedly the world’s second-largest importer of cement (reportedly behind only the US), with a virtual amarda of cement-ladened ships clogging the seas of the Lagos ports and collecting millions of dollars in demurrage to an exporter of cement. Nonetheless, there is adequate competition in Nigeria in cement, where the biggest global multinational producers (Blue Circle, LaFarge, Holcim, Scancem, Heidelberg, etc.) have been anchored in the Nigerian market since the 1950s/60s, well before Dangote ignited his first kiln, as well as local producers such as BUA Group and (now he has sort out his issues with Ebonyi State) Ibeto Group. In Sugar, there are very strong deep-pocketed domestic competitors in Nigeria, such the BUA Group that has some of the most modern plants in Africa, as well as Flour Mills of Nigeria’s Golden Penny Sugar subsidiary. There is no area that Dangote is currently involved in that can be rationally said to be closed to competition (eg, there were 28 private refinery licenses issued BEFORE Dangote’s). |
Re: Latest Update from Dangote Refinery, Ibeju-Lekki, Lagos (Photos and Videos) by 9jaRealist: 10:17pm On Mar 18, 2019 |
olioxx: Please! Nigerians do not want to pay market prices (cost-reflective tariffs) for the 4000MW currently being distributed (which is why a reported 2000MW generating capacity remained “stranded”). |
Re: Latest Update from Dangote Refinery, Ibeju-Lekki, Lagos (Photos and Videos) by olugabbie(m): 10:40pm On Mar 18, 2019 |
U cant compare watever is goin on in koko with dangote refinery. Its d biggest project in Nigeria now. |
Re: Latest Update from Dangote Refinery, Ibeju-Lekki, Lagos (Photos and Videos) by Bromoney: 11:18pm On Mar 18, 2019 |
I think you are one of those fellows which blame goverments for not being rich, tell me does the average rich young man worth tens of millions in account share this same point of view with you? Dangote is a business man, he is not ur president or senate, he is not responsible for you. If he opens it and by 2030 china finally creates your fueless cars, how long will that take Nigerians to drop all their fuel cars to your water and syrup. Another ten or twenty? Before then has he not made 100times his imput of capital? Has he not atleast fed thousands of mouths he employed? Who says he wont quickly as a buiness man transform that rifinary to something. I am sure you were not born when nigeria took the path they are going now, and I am sure you will habe growj old and died and they will still be there, but it will be a shame if you were born poor and die poor or rather a little bit average because u spent 70% of your time blaming and hating goverment and 30% eating the liabilities you acquired while he? Will die and leave all his assets to his generation.. Wise up.... We came to these world to trade.. OkunrinOloro: |
Re: Latest Update from Dangote Refinery, Ibeju-Lekki, Lagos (Photos and Videos) by shegra58: 11:50pm On Mar 18, 2019 |
OkunrinOloro:Do you think dangote does not know about this if it is true or you even think you know more more than him? I was once told that poor man always have idea but not resources to utilize it |
Re: Latest Update from Dangote Refinery, Ibeju-Lekki, Lagos (Photos and Videos) by Babysho(m): 12:50am On Mar 19, 2019 |
kayfra: I understand his views but he's not fully understanding economics. Africa is a large market and as far as development is concerned, they are far from it. The need for petrochemicals would forever be existent in Africa and some parts of Asia. Dangote is going to make a lot of money but he's also doing Africa a favour. What do you think? |
Re: Latest Update from Dangote Refinery, Ibeju-Lekki, Lagos (Photos and Videos) by Konquest: 1:05am On Mar 19, 2019 |
AutoReportNG2: 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. |
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