VP on this

Kudos prof

I thought by now jubrin and his gang of criminals will be tired of looting the country dry

What went wrong in this country

lalasticlala:


https://www.channelstv.com/2021/8/04/just-in-fg-approves-1-4bn-for-rehabilitation-of-warri-kaduna-refineries/

slawormiir:
Damnnn niggar
Isoright.....see everybody just dey insult with anger....holier than thou moda fuckkers ...

One thing about this country we all are corrupt....

We are not really angry about corruption....we are just angry because we are not the one carrying out the corruption ....

Me personally nor dey complain again about corruption....the only prayer i dey pray now make God elevate me make i for still dey collect contract from government

this one na rubbish talk chairman. Honest people still d, don't bring everyone down to your level

How much is it to build new ones?

Stealing galore

valentineuwakwe:
Is it repairs, rehabilitation or turn-around maintenance they want to say or what? This huge figures can build new refineries for this country so why this wastage?
Tomorrow they will come to tell us the refenaries have broken down again!

A new refinery of the total capacity of Kaduna and Warri refinery will set you back by at least $8-10bn

$1.48bn pales into insignificance, the caveat is will the investment bring the refineries back to reasonable operational status?
In any case it's always a good idea to process and add value to our crude oil before export, that is jobs and more revenue

Tbasicme:


This money can build new refineries instead

Complete falsehood, you don't know anything

Haas explained that when calculating the cost to build refineries, the industry’s jargon represents it as a cash amount per barrel of oil. “For many years, refinery cost to build was about US$10,000 to a barrel and then it changed and rose to about US$20,000 and about today it could be up to US$25,000”, he observed

For grassroots refinery

You can make various assumptions but we’ve made a range of assumptions and finally that gives you the cost of a grass-roots, 100,000 barrel per day, cracking refinery and we ended up with a total grass-roots cost in the neighbourhood of US$5 billion. It’s a large amount of money,” Haas told the gathering last evening.

Kaduna and Warri have a combined capacity of 235,000 barrels do the math

I don't believe in any Nigeria government anymore, what happened to the funds approved in the past for other refineries in Nigeria?

seunmsg:
Good move. Hopefully, the rehabilitation will be completed according to schedule. However, the refineries should be privatized once the rehabilitation is completed. That’s the only way they can compete with Dangote refineries.

they once claimed to have released money for ph refinery but yet nothing has done and its over 2years

Hello

seunmsg:
Good move. Hopefully, the rehabilitation will be completed according to schedule. However, the refineries should be privatized once the rehabilitation is completed. That’s the only way they can compete with Dangote refineries.

There was never any need to repair them first. Just sell them off and the new buyer will fix them up. Now, you're accumulating unnecessary debt. The refineries may not be worth their cost of repairs to potential buyers.

This will frustrate its privatizaon. Oil workers will argue against its privatization if it's sold below their repair value.

PMB is an economic illiterate sad to say. OBJ had sold them off but YarA'dia reversed it.

Good move

lalasticlala:


https://www.channelstv.com/2021/8/04/just-in-fg-approves-1-4bn-for-rehabilitation-of-warri-kaduna-refineries/

dem don pocket that small change. Naija!!

Someone said in the not too distant past that there'd been no turn around maintenance at those refineries for donkey years. I believe they should build several modular refineries with the $1.4b

seunmsg:
Good move. Hopefully, the rehabilitation will be completed according to schedule. However, the refineries should be privatized once the rehabilitation is completed. That’s the only way they can compete with Dangote refineries.

This is not the first time money is earmarked for refineries. Don't get your hopes high.

Africa is in deep pool of foolishness with resources, this is why the western countries are better off than us even with out resources.

After tapping all the resources, the white people will peg us a price, while one company like Facebook that does not sell oil is richer than Nigeria.


What a shame, African governments have to understand that the world has change now wealth lies in creativity and not natural resources.


Wealth is the people and not natural resources

RuudVanNisteroy:


Emeka Offor chopped belleful

Very true

jamesogunjimi:
Refinery that is not working o. Kai!

No, it's the perfectly working refinery that needs rehabilitation, mumu

Meninmen:


So if you were a businessman, would you rather spend $1.4 billion to repair 2 old refineries that have defied previous repairs or you would rather build a new one? What assurance do we have that after spending $1.4 billion, the refineries will come back to full functional capacity?

This is Nigeria signing a $2 billion dollars to build a pipeline and refinery in Niger republic but we want to use $1.4 billion to repair our comatose refineries.

It's a pity!

And in all these cases it means Nigeria is staking 100% of the project sum?
We know there are challenges with transporting crude to Kaduna by pipeline and in any case venezuelan heavy crude is required. No issues if we become off taker of Niger crude rather than go all the way to Venezuela.

Countries are always looking for ways to cooperate at different levels, except you have any information that any of those projects are not sound or financially viable, all you're doing is rabble-rousing and ethnic jingoism.

When you get a president you love encourage him or her to explore business opportunities with Chad, Benin or Cameroon.

seunmsg:
Good move. Hopefully, the rehabilitation will be completed according to schedule. However, the refineries should be privatized once the rehabilitation is completed. That’s the only way they can compete with Dangote refineries.

Which dangote refinery? Dangote is another elephant project that will not see the light of the day. I forsee it being sold off.

Ovamboland:


And in all these cases it means Nigeria is staking 100% of the project sum?
We know there are challenges with transporting crude to Kaduna by pipeline and in any case venezuelan heavy crude is required. No issues if we become off taker of Niger crude rather than go all the way to Venezuela.

Countries are always looking for ways to cooperate at different levels, except you have any information that any of those projects are not sound or financially viable, all you're doing is rabble-rousing and ethnic jingoism.

When you get a president you love encourage him or her to explore business opportunities with Chad, Benin or Cameroon.

As a zombie that you are, you can't see beyond your nose. I understand your plight!

They are gathering monies for 2023 election. Several billions of dollars being spent from OBJ's regime till date are embezzled. It should be privatised rather than using it to siphon the public fund. Useless governments.

frog12:
no no wetin refinery dey do in KADUNA !!!

What is refinery doing in Niger? Why did Dangote site refinery in Lagos? Rwanda, Singapore, Zimbabwe, Uganda, Ethiopia must not have refinery because they don't have oil or seaports.
No country must site a refinery in any area if there's no oil deposit or seaport.

Joysticks:
They are diverting money towards the 2023 election campaign.
Money that can build 2 brand new refineries.Let the looting continue.

Only 2? No oh.

That money will build Dangote size refinery in each of the 36 states

seunmsg:


How’s Dangote refinery a failure?

That is his wish, hateful somebody. They won't do anything yet they hate anyone making a little effort.

I don't see how some unwell Nigerians will clap for Ghana president merely talking about adding value to cocoa before exports, no investment announced yet o.

But they hate it when Nigeria wants to add value to it's crude oil and takes real steps to actualize it. That's how you know we have quite a number that should be in psychiatric wards roaming here

Wordoftruth:
they once claimed to have released money for ph refinery but yet nothing has done and its over 2years

That was about 2 months ago not 2 years ago, stop telling lies.
Already work has commenced on PH refineries, contractors are doing laser scanning to produce drawings necessary for the design to precede construction

olmoRoc:


dem don pocket that small change. Naija!!

Someone said in the not too distant past that there'd been no turn around maintenance at those refineries for donkey years. I believe they should build several modular refineries with the $1.4b

Modular refineries are not as efficient as large ones and have limited product range

Meninmen:


As a zombie that you are, you can't see beyond your nose. I understand your plight!

Idiots, when Jonathan was having this same discussion on cooperation with Niger on rails and other things there was no ethnic undertone and you didn't ask if he had cousins there.
Have you asked if Fashola or Buhari has family in Cameroon for commissioning a bridge to that country when many parts of Nigeria are still yearning for one?

You're a horrible ethnic bigot and would be worse than Boko Haram only if you can find guns and bombs

This is as at 2011 bigot
https://www.nairaland.com/813421/niger-republic-opens-new-refinery

babaolofin:


It is a long story. Emefiele understands what I am talking about. If Dangote Refinery had come up in 2018 or 2019 as earlier projected, those Refineries would have been sold without any maintenance. The Federal government had waited for that refinery since 2017 with delivery date always shifted. It is very clear next year is not possible. Government has to fall back to the last option.

I believed, Femi Otedola would have been tired following Dangote to that site by now.

I will come back to this post when Dangote refineries finally start full operation next year against the wishes of you pessimistic folks. Till then.

Audio approval, nothing will happen. Money for the cronies.

Ovamboland:


[s]Idiots, when Jonathan was having this same discussion on cooperation with Niger on rails and other things there was no ethnic undertone and you didn't ask if he had cousins there.
Have you asked if Fashola or Buhari has family in Cameroon for commissioning a bridge to that country when many parts of Nigeria are still yearning for one?

You're a horrible ethnic bigot and would be worse than Boko Haram only if you can find guns and bombs

This is as at 2011 bigot[/s]
https://www.nairaland.com/813421/niger-republic-opens-new-refinery

First, the GEJ government did a feasibility study on the project and after the study, the project didn't see the light of the day because the economic viability was not much. As a zombie that you are, you can't know this!

And what has the link you provided on your post have to do with the discussion on ground? GEJ send a representative to the commissioning of Niger's refinery. And so?

Who is a greater ethnic bigot than PMB?

Useless fool!