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Stats: 2,316,706 members, 5,105,541 topics. Date: Tuesday, 20 August 2019 at 10:44 AM

Dangote Refinery Suffers Supply Hiccups: Completion Shifted Till 2020 - Business - Nairaland

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Dangote Refinery Suffers Supply Hiccups: Completion Shifted Till 2020 by sophsia62: 3:15am On Aug 09
Africa’s largest oil refinery will not be finished until the end of 2020 due to problems importing steel and other equipment, executives at Dangote, which is building the facility in Lagos said.

“We will be able to complete the (refinery) project by the end of next year – mechanical completion,” said Dangote Group Executive Director Devakumar Edwin, who oversees the project.

The company expects fuel production within two months of completion of the refinery, which could transform Africa’s biggest crude producer from a fuel importer into a net exporter, upending global trade patterns.

Billionaire Aliko Dangote, who built his fortune on cement, first announced a smaller refinery in 2013, to be finished in 2016. Dangote then moved the site to Lekki, in Lagos, upgraded the size and said production would start in early 2020.

Nigeria imports virtually all its fuel due to underutilised refineries, and even the state oil company is looking to the 650,000 barrel per day (bpd) Dangote refinery to help address this.

Price caps force NNPC to import nearly all its gasoline at a significant cost and periodic fuel shortages are common.



Despite the delays at the congested Apapa and Tin Can Island ports in Lagos, a Dangote executive said the company could start using the refinery’s tank farms as a depot to warm up operations.

Edwin also said during an interview at his office in Lagos that Dangote is setting up its own trading desk, with a senior team of three people and a staff of roughly 30 who will monitor international commodity prices.

“We are setting up a complete trading desk here with us. In the next three months the full desk will be set up,” he said.

Giuseppe Surace, the refinery’s chief operations officer, said the refinery’s tank farms will be finished this year and could be used as a warm-up for operations.

The tanks will be connected to five “single point mooring buoys” (SPMs), which will allow the refinery complex to pump crude straight into tanks from large ships at sea and pump products back out onto boats of any size.

The SPMs will be the primary method of supplying oil products from the refinery, Surace said, adding that the team were considering using the tanks as training or as a depot before the refinery’s production starts.

“We might do that. We will be ready to do that,” he said, though he added that no decision had been taken yet.

The team is in talks with NNPC, two other international oil companies and two large oil traders, all of whom are interested in supplying crude and buying products, Edwin said.

Edwin said the crude unit for the refinery, which set sail from China last month, would arrive by the end of October.

The trains at a fertilizer plant on the same site will start up by the end of this year, the executives said.

https://mobile.reuters.com/article/amp/idUSKCN1UY27N

3 Likes

Re: Dangote Refinery Suffers Supply Hiccups: Completion Shifted Till 2020 by jerseyboy: 3:29am On Aug 09
Wahala dey oo

3 Likes

Re: Dangote Refinery Suffers Supply Hiccups: Completion Shifted Till 2020 by thisnaijaguy: 7:01am On Aug 09
2020 is loaded ooh

MDG ... 2020

Vision 2020

Now Dangote Refinery 2020

grin

14 Likes 2 Shares

Re: Dangote Refinery Suffers Supply Hiccups: Completion Shifted Till 2020 by Amuocha: 7:01am On Aug 09
Useless shift sad

Seems only large scale operations would happen in 2019.

Nigeria projects sef

1 Like

Re: Dangote Refinery Suffers Supply Hiccups: Completion Shifted Till 2020 by Oblitz(m): 7:02am On Aug 09
The naija factor

5 Likes

Re: Dangote Refinery Suffers Supply Hiccups: Completion Shifted Till 2020 by Princeton92(m): 7:02am On Aug 09
Okay oo
Re: Dangote Refinery Suffers Supply Hiccups: Completion Shifted Till 2020 by Tundeobama(m): 7:03am On Aug 09
I supply pant trousers for male for 1300 and less than that in wholesale purchase.The brands are top Europe designers.
Any colour kindly dm.07031375607.

2 Likes

Re: Dangote Refinery Suffers Supply Hiccups: Completion Shifted Till 2020 by Kendumazy(m): 7:03am On Aug 09
Era of subsidy ending!

2 Likes

Re: Dangote Refinery Suffers Supply Hiccups: Completion Shifted Till 2020 by MOSKID55(m): 7:04am On Aug 09
WE ARE WAITING FOR THE DATE COMPLETION

1 Like

Re: Dangote Refinery Suffers Supply Hiccups: Completion Shifted Till 2020 by ALISMILE(m): 7:04am On Aug 09
This refinery is taking just too long

4 Likes

Re: Dangote Refinery Suffers Supply Hiccups: Completion Shifted Till 2020 by Mandesz(m): 7:04am On Aug 09
Nigeria get a lot of problems including policy Summersault

1 Like

Re: Dangote Refinery Suffers Supply Hiccups: Completion Shifted Till 2020 by yinkus6750(m): 7:05am On Aug 09
What goes on well according to plan in Naija?
When they busy importing steel and other minor items.
2020 is just around the corner, if they don't shift it again.

3 Likes 1 Share

Re: Dangote Refinery Suffers Supply Hiccups: Completion Shifted Till 2020 by livebyday(m): 7:05am On Aug 09
Unfortunate
Re: Dangote Refinery Suffers Supply Hiccups: Completion Shifted Till 2020 by snipesdam(m): 7:06am On Aug 09
And our old refineries will die off completely. We'll I can't wait for the premium fuel.
Re: Dangote Refinery Suffers Supply Hiccups: Completion Shifted Till 2020 by anambraamaka: 7:08am On Aug 09
Hmmm
Re: Dangote Refinery Suffers Supply Hiccups: Completion Shifted Till 2020 by tigerclaws: 7:08am On Aug 09
as in hiccup pup
Re: Dangote Refinery Suffers Supply Hiccups: Completion Shifted Till 2020 by ornicus: 7:10am On Aug 09
Expected. No major project is ever delivered within budget and timeline

6 Likes

Re: Dangote Refinery Suffers Supply Hiccups: Completion Shifted Till 2020 by solmusdesigns: 7:11am On Aug 09
undecided
Re: Dangote Refinery Suffers Supply Hiccups: Completion Shifted Till 2020 by Osasunivic: 7:12am On Aug 09
See what a country as rich as Nigeria could not do is what an individual is doing. I pity my nation Nigeria

14 Likes

Re: Dangote Refinery Suffers Supply Hiccups: Completion Shifted Till 2020 by Wiseandtrue(f): 7:15am On Aug 09
sophsia62:
Africa’s largest oil refinery will not be finished until the end of 2020 due to problems importing steel and other equipment, executives at Dangote, which is building the facility in Lagos said.


https://mobile.reuters.com/article/amp/idUSKCN1UY27N
2020 grin grin grin grin grin That was the original plan now

By 2020 again, it will move to 2021 grin cheesy grin na so till Buhari's tenure will end!!!

In a country with a vision, is this supposed to be one person project

What does Dangote know about oil or refineries Did he study any in the university

One person from one major tribe handling our major natural resources yet this government keep saying that oil is becoming outdated, they will diversify grin grin grin

Yet in 2019\2020, they are spending heavily still searching for the oil in the North

Hmmmmmmm when will Nigeria be better

I support the #REVOLUTION NOW# team!!!

If truly Buhari believed in one Nigeria, he could have gotten a business man, those with technically know how from the 3 major tribes to handle this project!!!

I am just saying...

8 Likes

Re: Dangote Refinery Suffers Supply Hiccups: Completion Shifted Till 2020 by Osasunivic: 7:19am On Aug 09
Call for painting and screeding of ur house including wall panels and papers 08155306992
Re: Dangote Refinery Suffers Supply Hiccups: Completion Shifted Till 2020 by Nemesis909: 7:23am On Aug 09
Dangote is playing a game with this refinery.

5 Likes 1 Share

Re: Dangote Refinery Suffers Supply Hiccups: Completion Shifted Till 2020 by Nemesis909: 7:24am On Aug 09
ornicus:
Expected. No major project is ever delivered within budget and timeline

So untrue.
Re: Dangote Refinery Suffers Supply Hiccups: Completion Shifted Till 2020 by xrucifix05(m): 7:28am On Aug 09
I trust Nigerian politicians and their British counterpart on this one. That project will be on hold till the end of buhari tenure. People who are ready to frustrate his plan so that they keep importing fuel from Britain.

3 Likes

Re: Dangote Refinery Suffers Supply Hiccups: Completion Shifted Till 2020 by Opexzy: 7:33am On Aug 09
Tundeobama:
I supply pant trousers for male for 1300 and less than that in wholesale purchase.The brands are top Europe designers.
Any colour kindly dm.07031375607.

It's either PANT (British) or TROUSER (American) and not Pant Trouser...

10 Likes

Re: Dangote Refinery Suffers Supply Hiccups: Completion Shifted Till 2020 by Innoxxacs: 7:33am On Aug 09
Wiseandtrue:

2020 grin grin grin grin grin That was the original plan now

By 2020 again, it will move to 2021 grin cheesy grin na so till Buhari's tenure will end!!!

In a country with a vision, is this supposed to be one person project

What does Dangote know about oil or refineries Did he study any in the university

One person from one major tribe handling our major natural resources yet this government keep saying that oil is becoming outdated, they will diversify grin grin grin

Yet in 2019\2020, they are spending heavily still searching for the oil in the North

Hmmmmmmm when will Nigeria be better

I support the #REVOLUTION NOW# team!!!

If truly Buhari believed in one Nigeria, he could have gotten a business man, those with technically know how from the 3 major tribes to handle this project!!!

I am just saying...
how can you just decide to talk nonsense this early morning?

Take your Time and analyze the trash you spilled up there.

REVOLUTION NOW on keyboard ba? Mtcheew

Go warm a seat please!

6 Likes 1 Share

Re: Dangote Refinery Suffers Supply Hiccups: Completion Shifted Till 2020 by dreamworld: 7:35am On Aug 09
Ok
Re: Dangote Refinery Suffers Supply Hiccups: Completion Shifted Till 2020 by Wiseandtrue(f): 7:35am On Aug 09
Innoxxacs:
cho cho cho cho this early morning!

REVOLUTION NOW on keyboard ba? Mtcheew
If you have a better idea bring it up if not Abeg go back to bed!!! This debate is not for small bois waiting to collect MB change from daddy!!! grin grin cheesy cheesy grin

Re: Dangote Refinery Suffers Supply Hiccups: Completion Shifted Till 2020 by obailala(m): 7:36am On Aug 09
As expected, huge projects like this almost always experience these sort of delays.

1 Like

Re: Dangote Refinery Suffers Supply Hiccups: Completion Shifted Till 2020 by sylve11: 7:36am On Aug 09
wetin go be go be. cool
Re: Dangote Refinery Suffers Supply Hiccups: Completion Shifted Till 2020 by Innoxxacs: 7:41am On Aug 09
Wiseandtrue:

If you have a better idea bring it up if not Abeg go back to bed!!! This debate is not for small bois waiting to collect MB change from daddy!!! grin grin cheesy cheesy grin
There is no debate on-going here! I've told you to stop spilling trash! Oh it's a female moniker �‍♂️ I give up!

2 Likes

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