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NNPC: New Refinery Will Cost About $12 Billion - Politics (4) - Nairaland

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Peter obi: Dangote refinery will give us Additional Savings On Foreign Exchange / Congrats To Niger Republic As Buhari Has Completed A Brand New Refinery for Them / FG To Build New Refinery In Rivers State (2) (3) (4)

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Re: NNPC: New Refinery Will Cost About $12 Billion by sulaak(m): 10:48am On Mar 23, 2021
Angola awards work on 100,000 bpd refinery
Angola has awarded a build, own and operate (BOO) contract for the Soyo refinery to a consortium led by US company Quanten

[b]Angola launched the $3.5 billion tender for the work in October 201[/b]9. 31 companies expressed interest in the 100,000 barrel per day facility. The refinery is due to begin producing in 2024.
https://www.energyvoice.com/oilandgas/africa/refining-africa/307519/angola-quanten-refinery-soyo/

Re: NNPC: New Refinery Will Cost About $12 Billion by Standing5(m): 10:51am On Mar 23, 2021
richmond500:
next time read the details of such important thread.
Na people like ona dem deh call internet illiterate
Get lost.
Re: NNPC: New Refinery Will Cost About $12 Billion by dalongjnr: 10:54am On Mar 23, 2021
They never lack explanations. Funny,Conny men.
Re: NNPC: New Refinery Will Cost About $12 Billion by Oketwin(m): 10:56am On Mar 23, 2021
you are so so petty with your reason,hope u son get àlert for dis month,awon BMCpost=100130913:
Rather late than Never..

But just look at What our country is just doing in the 21st century, something we should have built dozens of it since 1957 and especially when we have the highest revenue in oil during the 16 years of looting and stealing.

Anything to move our Nation forward is what we are after.

Assuming the evil and looting party did something about this refinery in their 16 years of blind looting, we won't be talking about either Rehabilitation or Turnaround Maintenance by now.
Our country will not be where we are today if this party filled with criminals just built 2 refineries for us as a nation.

The looting party that even looted money donated for their National Headquarters. shocked

And the most crazy thing is that their thieves online will never see any thing bad in the party they supported with 16 years of their miserable lives couldn't build just one refinery! shocked
Shameless lots that should cover their eyes in shame.
Watch the 2 time losers start quoting this post.
Hypocrites everywhere tongue


When you show some of them the unparalleled efforts of this government in development and colossal projects compared to all the past governments, then you will hear them wail...'well he has tried but I still don't like him, he is too old, he is slow, he is unintelligent, he is not outspoken bla bla bla'...

They are not interested in any development in Nigeria, if it means ascribing any success to PMB.

Every good news of the nation brings them sadness, and they remain quiet until another bad news crops up

If you tell them Buhari is building over 300 roads all over Nigeria, they say it is because of 2023

When you say Buhari is working to completing abandoned projects, over 8000 nationwide (Mambila hydro power, Ajaokuta Steel Plant etc), they say it is because he has no program of his own.

The enemies of the nation hate anything progressive to our darling nation.
This is the point where you will be able to confirm that these are people whose concern is not Nigeria's development.
Whose problem with Buhari is not performance but personal hatred etc.

This is why nothing tangible will be achieved if you engage them in any developmental discussion, when their concern is wotowoto-pettiness.

We will keep hitting all of una heads with facts and the undiluted truth!
Re: NNPC: New Refinery Will Cost About $12 Billion by SouthSouth1914: 10:56am On Mar 23, 2021
richmond500:
next time read the details of the story

The Nigerian National Petroleum Corporation (NNPC) yesterday vigorously defended the approval of a whopping $1.5 billion for the rehabilitation of the Port Harcourt refinery, maintaining that apart from following due process, building a new refinery in the class of the one in Rivers will cost the federal government between $7 billion and $12 billion.

That’s the details of the story!
Re: NNPC: New Refinery Will Cost About $12 Billion by agabusta: 10:58am On Mar 23, 2021
Foolishbuhari:


What! I was grossly wrong. That's all shades of wrong for God's sakes! $15B! funded by the CBN!

Partially wrong again. CBN is just providing meager funding, not a major player amongst the consortium of lenders.

CBN to provide financial facility for Dangote Refinery
https://nairametrics.com/2019/01/23/heres-how-much-the-cbn-will-provide-for-the-dangote-refinery-project/

Africa's richest man arranges $4.5 bln of financing for oil refinery
https://www.reuters.com/article/nigeria-dangote-loans-idUSL5N1UK61J



Dangote Refinery, Lagos
https://www.hydrocarbons-technology.com/projects/dangote-refinery-lagos/#:~:text=The%20Dangote%20oil%20refinery%20is,Development%20Agency%20offered%20a%20N251.

1 Like

Re: NNPC: New Refinery Will Cost About $12 Billion by Yankee101: 11:03am On Mar 23, 2021
Re: NNPC: New Refinery Will Cost About $12 Billion by Onuoha1234(m): 11:06am On Mar 23, 2021
How about Dangote Refinery opening very soon? Will Dangote drink the petrol?.It could not matter how long it takes to build a Refinery. How about the mini Refineries frustrated by ev IL forces? Where did Enugu find petrol in 1968?NNPC is not to be believed!The Chinese worked for ,12Years to build THREE GORGES DAM.We are simply lazy visionless!
Re: NNPC: New Refinery Will Cost About $12 Billion by NinjaMetahuman: 11:11am On Mar 23, 2021
Foolishbuhari:
Thieves! Even the Dangote 650,000 bpd refinery built at $2b plus is grossly over priced. It was used as front to steal and round trip dollars gotten cheaply from the CBN.
dangote refinery is over 20biliiion.
Re: NNPC: New Refinery Will Cost About $12 Billion by Nobody: 11:14am On Mar 23, 2021
Dangote is worth 11 billion usd yet he's building one who is lying to who

Re: NNPC: New Refinery Will Cost About $12 Billion by mapet: 11:17am On Mar 23, 2021
Foolishbuhari:
Thieves! Even the Dangote 650,000 bpd refinery built at $2b plus is grossly over priced. It was used as front to steal and round trip dollars gotten cheaply from the CBN.

Dangote Refinery is build at $2b? where did you get that crap from?

1 Like

Re: NNPC: New Refinery Will Cost About $12 Billion by jaxxy(m): 11:20am On Mar 23, 2021
Let the process be monitored and figures confirmed as accurate. These guys are all criminals
Re: NNPC: New Refinery Will Cost About $12 Billion by Foolishbuhari: 11:28am On Mar 23, 2021
agabusta:


Partially wrong again. CBN is just providing meager funding, not a major player amongst the consortium of lenders.

CBN to provide financial facility for Dangote Refinery
https://nairametrics.com/2019/01/23/heres-how-much-the-cbn-will-provide-for-the-dangote-refinery-project/

Africa's richest man arranges $4.5 bln of financing for oil refinery
https://www.reuters.com/article/nigeria-dangote-loans-idUSL5N1UK61J



Dangote Refinery, Lagos
https://www.hydrocarbons-technology.com/projects/dangote-refinery-lagos/#:~:text=The%20Dangote%20oil%20refinery%20is,Development%20Agency%20offered%20a%20N251.

Yeah Bro what did you expect them to say? I'm not saying the CBN is funding the project, I'm saying Dangote is getting cheap dollars from the CBN to fund the project
Re: NNPC: New Refinery Will Cost About $12 Billion by Dymaco(m): 11:30am On Mar 23, 2021
post=100130913:
Rather late than Never..

But just look at What our country is just doing in the 21st century, something we should have built dozens of it since 1957 and especially when we have the highest revenue in oil during the 16 years of looting and stealing.

Anything to move our Nation forward is what we are after.

Assuming the evil and looting party did something about this refinery in their 16 years of blind looting, we won't be talking about either Rehabilitation or Turnaround Maintenance by now.
Our country will not be where we are today if this party filled with criminals just built 2 refineries for us as a nation.

The looting party that even looted money donated for their National Headquarters. shocked

And the most crazy thing is that their thieves online will never see any thing bad in the party they supported with 16 years of their miserable lives couldn't build just one refinery! shocked
Shameless lots that should cover their eyes in shame.
Watch the 2 time losers start quoting this post.
Hypocrites everywhere tongue


When you show some of them the unparalleled efforts of this government in development and colossal projects compared to all the past governments, then you will hear them wail...'well he has tried but I still don't like him, he is too old, he is slow, he is unintelligent, he is not outspoken bla bla bla'...

They are not interested in any development in Nigeria, if it means ascribing any success to PMB.

Every good news of the nation brings them sadness, and they remain quiet until another bad news crops up

If you tell them Buhari is building over 300 roads all over Nigeria, they say it is because of 2023


sold soul....
what is the difference between pdp and apc?

The money pdp embezzled in 16 years, apc stole same in just 6 years of rule. Triple our dept profile.

How much is this government paying you, Mr. Terongwa, benue apc member.

1 Like

Re: NNPC: New Refinery Will Cost About $12 Billion by DedeNkem: 11:35am On Mar 23, 2021
$12 billion can create one massive solar station in each State of the federation and still remain some cash!!

Nigerian politicians are clueless, visionless and very corrupt!
Re: NNPC: New Refinery Will Cost About $12 Billion by agabusta: 12:04pm On Mar 23, 2021
StaffofOrayan:


Olofo, how much is Dangote refinery?
If dem dey deceive you, you sef suppose dey deceive urself?

How much is it? Tell us
Re: NNPC: New Refinery Will Cost About $12 Billion by Mercisharelove(f): 12:09pm On Mar 23, 2021
Re: NNPC: New Refinery Will Cost About $12 Billion by shigo20(m): 12:32pm On Mar 23, 2021
post=100130913:
Rather late than Never..

But just look at What our country is just doing in the 21st century, something we should have built dozens of it since 1957 and especially when we have the highest revenue in oil during the 16 years of looting and stealing.

Anything to move our Nation forward is what we are after.

Assuming the evil and looting party did something about this refinery in their 16 years of blind looting, we won't be talking about either Rehabilitation or Turnaround Maintenance by now.
Our country will not be where we are today if this party filled with criminals just built 2 refineries for us as a nation.

The looting party that even looted money donated for their National Headquarters. shocked

And the most crazy thing is that their thieves online will never see any thing bad in the party they supported with 16 years of their miserable lives couldn't build just one refinery! shocked
Shameless lots that should cover their eyes in shame.
Watch the 2 time losers start quoting this post.
Hypocrites everywhere tongue


When you show some of them the unparalleled efforts of this government in development and colossal projects compared to all the past governments, then you will hear them wail...'well he has tried but I still don't like him, he is too old, he is slow, he is unintelligent, he is not outspoken bla bla bla'...

They are not interested in any development in Nigeria, if it means ascribing any success to PMB.

Every good news of the nation brings them sadness, and they remain quiet until another bad news crops up

If you tell them Buhari is building over 300 roads all over Nigeria, they say it is because of 2023

When you say Buhari is working to completing abandoned projects, over 8000 nationwide (Mambila hydro power, Ajaokuta Steel Plant etc), they say it is because he has no program of his own.

The enemies of the nation hate anything progressive to our darling nation.
This is the point where you will be able to confirm that these are people whose concern is not Nigeria's development.
Whose problem with Buhari is not performance but personal hatred etc.

This is why nothing tangible will be achieved if you engage them in any developmental discussion, when their concern is wotowoto-pettiness.

We will keep hitting all of una heads with facts and the undiluted truth!
This one will just be defending apc anyhow like they are saint themselves. Since 2014 do you know how many people that have crossed ship which makes both parties the same..
Re: NNPC: New Refinery Will Cost About $12 Billion by shigo20(m): 12:34pm On Mar 23, 2021
MarvellousG:
My main concern is that 50% of that money will be looted
50% keh, am guessing about 70-90% will be looted and unaccounted for.
Re: NNPC: New Refinery Will Cost About $12 Billion by IgboWarlord(m): 12:38pm On Mar 23, 2021
post=100130913:
Rather late than Never..

But just look at What our country is just doing in the 21st century, something we should have built dozens of it since 1957 and especially when we have the highest revenue in oil during the 16 years of looting and stealing.

Anything to move our Nation forward is what we are after.

Assuming the evil and looting party did something about this refinery in their 16 years of blind looting, we won't be talking about either Rehabilitation or Turnaround Maintenance by now.
Our country will not be where we are today if this party filled with criminals just built 2 refineries for us as a nation.

The looting party that even looted money donated for their National Headquarters. shocked

And the most crazy thing is that their thieves online will never see any thing bad in the party they supported with 16 years of their miserable lives couldn't build just one refinery! shocked
Shameless lots that should cover their eyes in shame.
Watch the 2 time losers start quoting this post.
Hypocrites everywhere tongue


When you show some of them the unparalleled efforts of this government in development and colossal projects compared to all the past governments, then you will hear them wail...'well he has tried but I still don't like him, he is too old, he is slow, he is unintelligent, he is not outspoken bla bla bla'...

They are not interested in any development in Nigeria, if it means ascribing any success to PMB.

Every good news of the nation brings them sadness, and they remain quiet until another bad news crops up

If you tell them Buhari is building over 300 roads all over Nigeria, they say it is because of 2023

When you say Buhari is working to completing abandoned projects, over 8000 nationwide (Mambila hydro power, Ajaokuta Steel Plant etc), they say it is because he has no program of his own.

The enemies of the nation hate anything progressive to our darling nation.
This is the point where you will be able to confirm that these are people whose concern is not Nigeria's development.
Whose problem with Buhari is not performance but personal hatred etc.

This is why nothing tangible will be achieved if you engage them in any developmental discussion, when their concern is wotowoto-pettiness.

We will keep hitting all of una heads with facts and the undiluted truth!


This guy,if i tell you my mind now,dem go ban me again..You are always talking of the 16yrs of looting by a certain party. What about the ongoing unprecedented and massive looting that has been going for the past 7yrs or so by the present party?..Shey dat one no be wahala abi?..Or you want mek dem also complete their own quota of 16yrs of looting?..When the gods want to punish a man,they start with madness.
Re: NNPC: New Refinery Will Cost About $12 Billion by kayjay69(m): 12:42pm On Mar 23, 2021
Try 80%
MarvellousG:
My main concern is that 50% of that money will be looted
Re: NNPC: New Refinery Will Cost About $12 Billion by maasoap(m): 1:14pm On Mar 23, 2021
richmond500:
Goat, now go back and read what the thread says

Your father is a he-goat, your mother is a she-goat while you are pikin goat. Happy goaty family!
Re: NNPC: New Refinery Will Cost About $12 Billion by Tats(m): 2:07pm On Mar 23, 2021
dre11:
•Kyari defends decision to rehabilitate Port Harcourt facility

The GMD stated that the current huge cost of rehabilitation was because the last turn-around-maintenance was badly carried out.

https://www.thisdaylive.com/index.php/2021/03/23/nnpc-pushes-back-says-new-refinery-will-cost-fg-about-12bn/

Last TAM was badly carried out but we did not hear that anyone was held accountable for it. Neither the Contractor nor those supervising the maintenance or who awarded the contract. Needless to say that it was an avenue for siphoning money and a sham TAM.
Re: NNPC: New Refinery Will Cost About $12 Billion by AFONJACOW(m): 2:15pm On Mar 23, 2021
12 billion will build reprical of buj khalifa in Abuja, Lagos , Port Harcourt, Enugu ,k,Kaduna and one in duara for BUHARI and his people... Imagine having tallest building in the world in 6 geographical location in Nigeria
Re: NNPC: New Refinery Will Cost About $12 Billion by Nobody: 2:27pm On Mar 23, 2021
post=100130913:
Rather late than Never..

But just look at What our country is just doing in the 21st century, something we should have built dozens of it since 1957 and especially when we have the highest revenue in oil during the 16 years of looting and stealing.

Anything to move our Nation forward is what we are after.

Assuming the evil and looting party did something about this refinery in their 16 years of blind looting, we won't be talking about either Rehabilitation or Turnaround Maintenance by now.
Our country will not be where we are today if this party filled with criminals just built 2 refineries for us as a nation.

The looting party that even looted money donated for their National Headquarters. shocked

And the most crazy thing is that their thieves online will never see any thing bad in the party they supported with 16 years of their miserable lives couldn't build just one refinery! shocked
Shameless lots that should cover their eyes in shame.
Watch the 2 time losers start quoting this post.
Hypocrites everywhere tongue


When you show some of them the unparalleled efforts of this government in development and colossal projects compared to all the past governments, then you will hear them wail...'well he has tried but I still don't like him, he is too old, he is slow, he is unintelligent, he is not outspoken bla bla bla'...

They are not interested in any development in Nigeria, if it means ascribing any success to PMB.

Every good news of the nation brings them sadness, and they remain quiet until another bad news crops up

If you tell them Buhari is building over 300 roads all over Nigeria, they say it is because of 2023

When you say Buhari is working to completing abandoned projects, over 8000 nationwide (Mambila hydro power, Ajaokuta Steel Plant etc), they say it is because he has no program of his own.

The enemies of the nation hate anything progressive to our darling nation.
This is the point where you will be able to confirm that these are people whose concern is not Nigeria's development.
Whose problem with Buhari is not performance but personal hatred etc.

This is why nothing tangible will be achieved if you engage them in any developmental discussion, when their concern is wotowoto-pettiness.

We will keep hitting all of una heads with facts and the undiluted truth!
zombism knows no bounds in this country see an Example

1 Like

Re: NNPC: New Refinery Will Cost About $12 Billion by plaindealer: 2:29pm On Mar 23, 2021
China's Sinopec says starting up new 200,000-bpd Zhanjiang refinery
By Reuters Staff




BEIJING/SINGAPORE, June 16 (Reuters) - Top Chinese state refiner Sinopec Corp said on Tuesday it has started up its new 200,000 barrel per day (bpd) refinery in the southern coastal city of Zhanjiang.

Phase one of the construction of the new complex, which includes an 800,000 tonne-per-year ethylene facility, cost 44 billion yuan ($6.22 billion),


https://www.reuters.com/article/china-sinopec-refinery/chinas-sinopec-says-starting-up-new-200000-bpd-zhanjiang-refinery-idUSL4N2DT2RF


Port Harcourt refinery refines 210,000 barrel per day

The new refinery in China is 200,00 barrels per day, 10,000 less than PH refinery in Nigeria.

....but the new refinery with a smaller capacity than PH refinery in Nigeria cost $6.22 billion to build.

Building similar capacity refinery elsewhere runs over $12 billion.

Nigerian youths don't know anything and they won't educate themselves to save their own lives, they just talk, cry and complain. They always think they know more than the government and the experts but when they open their mouth, they don't know anything.

$1 billion to rehab a 210,000 refinery is a good and the best investment for Nigeria at the moment.

2 Likes 1 Share

Re: NNPC: New Refinery Will Cost About $12 Billion by plaindealer: 2:34pm On Mar 23, 2021
Costs spiral for Brazil-Venezuela refinery project

Brazil’s Petroleo Brasileiro SA (Petrobras), already under fire from legislators, said the estimated cost of the joint-venture Abreu e Lima refinery project tentatively stands at $12 billion

The Brazilian firm said the original estimate of $4.05 billion came in 2006 during the conceptual project preparation phase, when the expected capacity of the plant was 200,000 b/d of oil. At that time, it said the cost of building a refinery was estimated at about $20,000/bbl of capacity.

The Brazilian firm said the original estimate of $4.05 billion came in 2006 during the conceptual project preparation phase, when the expected capacity of the plant was 200,000 b/d of oil. At that time, it said the cost of building a refinery was estimated at about $20,000/bbl of capacity.

Petrobras said the cost rose to $12 billion with the finalization of the basic plans

https://www.ogj.com/refining-processing/refining/construction/article/17275730/costs-spiral-for-brazilvenezuela-refinery-project


$12 billion for a similar capacity refinery in Brazil.



Obviously, the man knows what he's talking about, but ignorant Nigerian youths always thing they know more than the experts when in fact they don't know jack..
Re: NNPC: New Refinery Will Cost About $12 Billion by Tats(m): 3:41pm On Mar 23, 2021
plaindealer:


$12 billion for a similar capacity refinery in Brazil.


Obviously, the man knows what he's talking about, but ignorant Nigerian youths always thing they know more than the experts when in fact they don't know jack..


3 or 4 years from now, please do show me a working PH refinery producing even 100,000 bpd.

We all know where the money will end up. Sham rehabilitation.

By the way, Brazil is also a hotbed of corruption and I know that well. So, it isn't a good yardstick for comparison.

https://www.ganintegrity.com/portal/country-profiles/brazil/

https://www.transparency.org/en/countries/brazil
Re: NNPC: New Refinery Will Cost About $12 Billion by Josywhyte: 3:57pm On Mar 23, 2021
Over $12bn. Make thunder fire your mouth there. How much Dangote take build him own.... idiot
Re: NNPC: New Refinery Will Cost About $12 Billion by SeniorGee(m): 7:01pm On Mar 23, 2021
E reach wetin Una don chop

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