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Nairaland Forum / Nairaland / General / Business / BUA Group To Build 200,000bpd Refinery And Petrochemical Plant (23788 Views)
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Re: BUA Group To Build 200,000bpd Refinery And Petrochemical Plant by Hunchogee: 9:10am On Sep 02, 2020 |
SmartPolician:He's from oblivion 2 Likes |
Re: BUA Group To Build 200,000bpd Refinery And Petrochemical Plant by Hunchogee: 9:12am On Sep 02, 2020 |
colossus91:Yeah 2 Likes |
Re: BUA Group To Build 200,000bpd Refinery And Petrochemical Plant by Gamesmart: 9:12am On Sep 02, 2020 |
uruba23: You sat down and this was all you could think of posting? Foolish, hopeless child. 2 Likes |
Re: BUA Group To Build 200,000bpd Refinery And Petrochemical Plant by Wiseoldman: 9:13am On Sep 02, 2020 |
dokyOloye: Hello chief, don't let mainstream media confuse you. Walk of you door in Nigeria and tell me if you think fossil fuel will not be useful. What we do is our business. Developed countries built their economies on cheap and versatile fossil fuels. What is the business of poor developing countries with renewable energy. Find some time to look at data on fossil fuel usage, and check how much is consumed by Nigeria with a population of 200 million, compared to Canada with a population of 30 million. You will know that we should not be following the band wagon. 3 Likes |
Re: BUA Group To Build 200,000bpd Refinery And Petrochemical Plant by lonelydora: 9:13am On Sep 02, 2020 |
michlins: You really understand the business |
Re: BUA Group To Build 200,000bpd Refinery And Petrochemical Plant by dalass(f): 9:13am On Sep 02, 2020 |
darfay: That is why each of the six geopolitical zones should go their own way. The government frustrates any attempt by anyone that is not from their tribe from getting to do certain businesses. Do you know many Northerners abound in NNPC Customs , Immigration, etc? 1 Like |
Re: BUA Group To Build 200,000bpd Refinery And Petrochemical Plant by TechSkill: 9:26am On Sep 02, 2020 |
uruba23:oga it is good for everyone. Dangote needs serious competition |
Re: BUA Group To Build 200,000bpd Refinery And Petrochemical Plant by Hunchogee: 9:34am On Sep 02, 2020 |
AustineJohn908:. Great summision bro |
Re: BUA Group To Build 200,000bpd Refinery And Petrochemical Plant by justlykdat: 9:37am On Sep 02, 2020 |
uruba23: brotherly why not focus on what you can do for you self or community instead of bad mouthing some one......bank account you dont have. |
Re: BUA Group To Build 200,000bpd Refinery And Petrochemical Plant by michlins(m): 9:39am On Sep 02, 2020 |
Originalsly:oga read again and understand it. Dangote is investing everything he has in the Nigerian market and tomorrow some people will claim marginalization when they are busy importing everything. Oil will still power the 21st century and petrol and diesel isn't the only byproduct of crude oil. We import polythene 3 Likes |
Re: BUA Group To Build 200,000bpd Refinery And Petrochemical Plant by fulanimafia: 9:47am On Sep 02, 2020 |
VULCAN: Read to understand and not argue. How much do we currently spend daily on steel importation compared to Petroleum imports? What is the present domestic demand for steel in Nigeria considering our present level of industrialization? Do you understand the concept of comparative advantage in production? When you have this basic information, we can start from there. 2 Likes 1 Share |
Re: BUA Group To Build 200,000bpd Refinery And Petrochemical Plant by Atk1nson(m): 9:51am On Sep 02, 2020 |
fulanimafia: With Nigeria's demons, almost nothing serves as a silver bullet. Initially it was subsidy that was holding our progress, now subsidy is no more, yet Government struggles to balance the books. Wait for the refinery yet, Nigeria is not an ideal country. |
Re: BUA Group To Build 200,000bpd Refinery And Petrochemical Plant by fulanimafia: 9:56am On Sep 02, 2020 |
dalass: Is Dangote also enjoying govt backing in the several other countries he is doing business and excelling? You sometimes need to stop following the bandwagon, think for yourself and emancipate yourself from mental slavery. 1 Like 1 Share |
Re: BUA Group To Build 200,000bpd Refinery And Petrochemical Plant by Staro: 9:57am On Sep 02, 2020 |
uruba23: Dangote will be selling a bag of Cement for #5K if not for copying . |
Re: BUA Group To Build 200,000bpd Refinery And Petrochemical Plant by Nobody: 10:01am On Sep 02, 2020 |
darfay:Says who? Make that 50years even, we'll still need fossil fuels in high demand. 1 Like |
Re: BUA Group To Build 200,000bpd Refinery And Petrochemical Plant by dokyOloye: 10:06am On Sep 02, 2020 |
Wiseoldman:Electric cars are being phased out,some countries already have a deadline of 2030 including for heavy duty vehicles. Electric trains are becoming more popular,most countries now rely on nuclear sources for their electricity,only Africa and few 3rd world countries are left behind. |
Re: BUA Group To Build 200,000bpd Refinery And Petrochemical Plant by EazyMoh(m): 10:14am On Sep 02, 2020 |
fulanimafia: Preach bro. They can not blame BUA for monopoly like they do Dangote, so they look to blame him for "copying". Yaya kwana biyu... 1 Like |
Re: BUA Group To Build 200,000bpd Refinery And Petrochemical Plant by famouscargo4u: 10:14am On Sep 02, 2020 |
dokyOloye: yes it is still needed to power machines and engines. moreso, before we can totally do away with fuel, the earliest is 20 years from now. |
Re: BUA Group To Build 200,000bpd Refinery And Petrochemical Plant by 24SEVEN: 10:46am On Sep 02, 2020 |
AustineJohn908: I don't understand why you have quoted me. |
Re: BUA Group To Build 200,000bpd Refinery And Petrochemical Plant by 24SEVEN: 10:48am On Sep 02, 2020 |
AustineJohn908: Are you aware BUA also has investments in Rivers? |
Re: BUA Group To Build 200,000bpd Refinery And Petrochemical Plant by Olichoke: 10:51am On Sep 02, 2020 |
dokyOloye:There is a difference between the world is moving and Nigeria is moving. 1 Like 1 Share |
Re: BUA Group To Build 200,000bpd Refinery And Petrochemical Plant by obailala(m): 10:56am On Sep 02, 2020 |
dokyOloye:Fossil fuels aren't going anywhere, not even in the next 50 years. Forget those tales you hear! 2 Likes |
Re: BUA Group To Build 200,000bpd Refinery And Petrochemical Plant by fulanimafia: 10:57am On Sep 02, 2020 |
EazyMoh: Ashe kaima ka gane...kwana biyu lafiya na gaishe ka. It's very hard work to argue with excellence. 1 Like |
Re: BUA Group To Build 200,000bpd Refinery And Petrochemical Plant by obailala(m): 11:04am On Sep 02, 2020 |
darfay:Victim mentality, jealousy and ethnic hating has already started this early morning. Please provide details of how, who and when the so called Hausa cabal stopped an Urhobo man or anyone else from setting up a refinery. Since 2016, the FG has literally been begging private individuals and enterprises to come take licenses for modular refineries.... It's not enough to just peddle baseless beer parlour gibberish into the public space as if it were fact. Kindly provide the details of this allegation, and do well to provide the name of the so called wealthy Urhobo man whose refinery was stopped by Hausas. Thanks! 4 Likes 2 Shares |
Re: BUA Group To Build 200,000bpd Refinery And Petrochemical Plant by Yankee101: 11:07am On Sep 02, 2020 |
CodeTemplar: Nope. You cut the entire costs of R& D out of your development cycle 1 Like |
Re: BUA Group To Build 200,000bpd Refinery And Petrochemical Plant by obailala(m): 11:10am On Sep 02, 2020 |
darfay:No matter the price of crude, refining profits still remain the same. Buy crude for $100, refine and sell for $300 = $200 profit. Buy crude for $10, refine and sell for $210 = $200 profit. The likes of Dangote and BUA did not get to their current economic level by making poor decisions. You and I aren't wiser/smarter than them. 1 Like 1 Share |
Re: BUA Group To Build 200,000bpd Refinery And Petrochemical Plant by codemaniacs: 11:17am On Sep 02, 2020 |
zz 1 Like |
Re: BUA Group To Build 200,000bpd Refinery And Petrochemical Plant by CodeTemplar: 11:18am On Sep 02, 2020 |
Yankee101:How? You must research your own set up because rivals don't share business secret or data, they conceal it to stay ahead and I doubt Dangote will be any different. The fact that one is succeeding or going into it indicates a market is available but does not give people data about how the business is set up. |
Re: BUA Group To Build 200,000bpd Refinery And Petrochemical Plant by dokyOloye: 11:19am On Sep 02, 2020 |
famouscargo4u:20yrs is not far sir. And this issue of not planning ahead is part of the problem bedevilling Africa |
Re: BUA Group To Build 200,000bpd Refinery And Petrochemical Plant by chaloskyx: 11:21am On Sep 02, 2020 |
WHAT WHAT UP WITH EVERY ONE BUILDING REFINERIES DO YO WANT US TO DRINK OIL NI? WHY CANT YOU PEOPLE BUILD POWER STATIONS OR AGRICULTURAL PLANTATIONS? THE WORLD IS MOVING FROM OIL THATS WHEN YOU PEOPLE DECIDE TO JUMP INTO IT LATER THE INTERNATIONAL BODIES WOULD BE THE ONES SLAMMING US WITH FINES FOR BEING MAJOR CONTRIBUTORS TO GLOBAL GREEN HOUSE EMISSIONS |
Re: BUA Group To Build 200,000bpd Refinery And Petrochemical Plant by Yankee101: 11:23am On Sep 02, 2020 |
CodeTemplar: I said the fastest way to innovate is to copy. Ask China. You think the US didn't conceal innovation before China stole them? Read about industrial espionage. You're talking like a child or an uninformed person |
Re: BUA Group To Build 200,000bpd Refinery And Petrochemical Plant by Meteng: 11:33am On Sep 02, 2020 |
Now watch as fight erupts in Akwa Ibom over where to site the refinery, which may lead that man to take it elsewhere |
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