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Nairaland / General / Dangote To Flood African Market With Refined Petroleum Products, Sending Jitters by johnjose68: 4:56pm On Dec 09, 2023 |
There was unease in the global oil production market yesterday, when it came to light that the much-awaited Dangote Petroleum Refinery and Petrochemicals plant may soon become fully operational as early as January, as the first refinery in Africa in the last 40 years, with most of the 54 African country still major importer of refined petroleum product. Dangote Petroleum Refinery coming on stream and expected to sell the product cheaper, sent jitters in the market.This was just as the Dangote Petroleum Refinery and Petrochemicals plant yesterday, confirmed the purchase of one million barrels of crude oil of Agbami grade from Shell Trading and Shipping Company Limited (STASCO), one of the largest trading companies in Nigeria and globally, which trades over eight million barrels of crude oil per day. Also, President Bola Tinubu has expressed optimism about the prospects of increased investments from Shell Petroleum Development Company of Nigeria (SPDC), emphasising Nigeria’s long-term relationship with the company, which discovered the first commercial oil field at Oloibiri in the Niger Delta in 1956.The Aliko Dangote-owned company confirmed the purchase of the crude yesterday, in a statement issued by the Group Head, Branding and Corporate Communications, Dangote Group, Mr. Tony Chiejina, revealing that the next four out of the six cargoes programmed for supply to the facility will be supplied by the Nigerian National Petroleum Company Limited (NNPC) in the next two to three weeks.The company also said the final shipment would come from ExxonMobil, reiterating that the refinery has the capacity to load 2,900 trucks a day at its truck loading gantries. However, both the Africa’s richest man and chief promoter of the $19 billion refinery, Dangote and the Country Chair of Shell Companies in Nigeria, Mr. Osagie Okunbor, expressed delight at the major milestone recorded towards boosting Nigeria’s domestic refining capacity and attaining energy security and self-sufficiency.According to the statement, the STASCO cargo contained one million barrels from Agbami and sailed to Dangote Refinery’s Single Point Mooring (SPM) where it was discharged into the refinery’s crude oil tanks. The company said the maiden one million barrels, which represented the first phase of the six million barrels of crude oil to be supplied to Dangote Petroleum Refinery by a range of suppliers, should sustain the initial 350,000 barrels per day to be processed by the facility.“The next four cargoes will be supplied by the NNPC in two to three weeks and the final of the six cargoes will be supplied by ExxonMobil”, the statement noted.It added that the supply would facilitate the initial run of the refinery as well as kick-start the production of diesel, aviation fuel, and Liquefied Petroleum Gas (LPG) before subsequently progressing to the production of Premium Motor Spirit (PMS) popularly known as petrol. This latest development would play a pivotal role in alleviating the fuel supply challenges faced by Nigeria as well as the West African countries.Designed for 100 per cent Nigerian crude with the flexibility to process other crudes, the 650,000 barrels per day Dangote Petroleum Refinery can process most African crude grades as well as Middle Eastern Arab Light and even US Light tight oil as well as crude from other countries. The Lagos’ Lekki Free Zone-based refinery could also meet 100 per cent of the Nigeria’s requirement of all refined products, gasoline, diesel, kerosene, and aviation jet, and also have surplus of each of these products for export.The refinery was built to take crude through its two SPMs located 25 kilometres from the shore and to discharge petroleum products through three separate SPMs. In addition, the company reiterated that the refinery has the capacity to load 2,900 trucks a day at its truck loading gantries.Dangote Refinery has a self-sufficient marine facility with the ability to handle the largest vessel globally available. In addition, all products from the refinery will conform to Euro V specifications, according to the statement.The refinery was designed to comply with US EPA, European emission norms, and Department of Petroleum Resources (DPR) emission/effluent norms as well as African Refiners and Distribution Association (ARDA) standards.Commenting on the latest milestone achieved in the refinery’s journey, President of Dangote Group, Dangote, was quoted to have stated: “We are delighted to have reached this significant milestone. This is an important achievement for our country as it demonstrates our ability to develop and deliver large capital projects. “Our focus over the coming months is to ramp up the refinery to its full capacity. I look forward to the next significant milestone when we deliver the first batch of products to the Nigerian market.”Also, the Country Chairman of Shell Companies in Nigeria, Okunbor stated: “We welcome the startup of a refinery that is designed to produce gasoline, diesel, and low-sulphur fuels for Nigeria and across West Africa and are happy to be enabling it.” Tinubu Optimistic of Increased Investments from SPDC Meanwhile, Tinubu has expressed optimism about the prospects of increased investments from SPDC, emphasising Nigeria’s long-term relationship with the company, which discovered the first commercial oil field at Oloibiri in the Niger Delta in 1956.Receiving at the State House, Abuja, the management of Shell Group, led by its Global Integrated Gas and Upstream Director, Ms. Zoe Yujnovich, the President, according to a statement issued yesterday, by his Media Adviser, Ajuri Ngelale, said his administration would continue to ensure the security and viability of existing and new investments in the country. According to him: “We have made progress since our last meeting. I will continue to support and encourage you on this path. There is no doubt that there is a significant focus on investment in and around the continent. I am spearheading Nigeria’s global march for new investments at home.“In view of our long-term relationship that has been established over the years, we want you to do more, and we are ready to encourage you in every way possible. “We are very focused on resolving all investment-related issues. There is no bottleneck that is too difficult for us to remove in our determined march toward making Nigeria the African haven for large-scale investment in all key sectors. We need each other”.Earlier in her remarks, Ms. Yujnovich expressed Shell’s commitment to maintain its legacy of investments in Nigeria, particularly as the company refocuses its investment to key into new and existing opportunities in the Deepwater and Gas sector. She outlined the company’s dedication to the development of the gas value chain in the country, including a substantial commitment of $1 billion over the next five to 10 years, aimed at unlocking gas resources for domestic use and the Nigeria Liquefied Natural Gas (NLNG) project.Furthermore, Ms. Yujnovich announced an imminent $5 billion investment opportunity in the Bonga North project off the shores of Nigeria, located in the deep water. The Shell Global Integrated Gas and Upstream Director expressed Shell’s eagerness to proceed with this investment and outlined several prospective investments that Shell Group is eyeing in Nigeria over the short to medium term.Her words: “Mr. President, I want to be successful in my role, and I cannot be successful in my role unless I can find a way to bring more new investments to Nigeria. “I have made commitments to our investors that we will continue to invest in gas and oil. In Nigeria, I see all the conditions to continue to make this partnership stronger. In the deep water, we have an imminent investment opportunity in Bonga North. This is $5 billion. I am really keen to make that investment as soon as possible. We want to continue and build a pipeline of new investments in Nigeria”.She commended the collaboration her team has experienced with the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri and the Special Adviser to the President on Energy, Olu Verheijen, while acknowledging their roles in achieving significant progress in actualizing the potential of these projects as well as others.
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Politics / Re: Atiku Refuses To Release Own Records Despite Exposing Tinubu’s by johnjose68: 4:46pm On Dec 09, 2023 |
Islie: We need obi Onwubuasi's academic records too from primary to university. We do not mind that he had his GCE after his BSc, but let him still furnish us with everything |
Politics / Re: Rhoda Jatau Regains Freedom From Bauchi Prison by johnjose68: 2:12pm On Dec 09, 2023 |
Norsemann: Frustrated soul. Go and read history. Zik, the betayal-in-chief, colluded with the North to defeat Awolowo's Party (AG). The I.gbos had always worked/colluded with the North since the beginning of time until their greediness for too much power led them to stage a coup that killed every other regions leader except their own. Since then, the North and everyone else never trust any i.gbo man again and so shall it continue to be. Now back to the point. It is the ig.bos, not the Yorubas that betrayed the sensibility of everyone and everything called Nigeria. They refused referendum in our constitutions because it favoured them then, but now they are shouting marginalisation. marginalisation kee u there. Even south south do not trust you....so stop associating with south south |
Politics / Re: Anambra: Yoruba Community Celebrates Unity, Successes In Second Home by johnjose68: 2:00pm On Dec 09, 2023 |
Putinofrussia: Yorubas are very good at making wealth and very industrious indeed BUT NOT MAKING NOISE ABOUT IT 2 Likes |
Politics / Re: $11bn Judgement Debt: Court Award £20m Damages In Favour Of Nigeria Against P&ID by johnjose68: 1:46pm On Dec 09, 2023 |
Islie: This is good news for Nigeria but a bad news for i.pob and arise tv. They are not expecting anything good but God Almighty is shaming them. 2 Likes 1 Share |
Business / Re: Chinese Company, Shenzhen Lemi To Establish Battery Factory In Nigeria by johnjose68: 7:40am On Dec 09, 2023 |
Norsemann: Baby factory product spotted 1 Like |
Business / Re: Traders At Ariaria International Market Protes Against ₦21,000 Levy by johnjose68: 7:17am On Dec 09, 2023 |
TimeMachine2: You are so unfortunate. So your people are so primitive. Eeyah. |
Business / Re: Traders At Ariaria International Market Protes Against ₦21,000 Levy by johnjose68: 7:01am On Dec 09, 2023 |
jmoore: I thought i.pob market people are billionaire why are they protesting over 21k. Just pay 21k from the billions Mad people 😲 1 Like
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Business / Re: Traders At Ariaria International Market Protes Against ₦21,000 Levy by johnjose68: 6:46am On Dec 09, 2023 |
femisplash: You are talking about the South Yeast in the i.pob mind South Yeast in i.pob mind do not pay tax But the South Yeast in Nigeria pay tax ..but you know, the online warriors can deny anything so far it makes them high on Onwubuasi's shit 1 Like |
Business / Re: Traders At Ariaria International Market Protes Against ₦21,000 Levy by johnjose68: 6:42am On Dec 09, 2023 |
SensetionalGoal: The protest was led by Yoruba 1 Like |
Business / Re: Traders At Ariaria International Market Protes Against ₦21,000 Levy by johnjose68: 6:40am On Dec 09, 2023 |
adamusuleiman1: Abia State? I thought Abia State has been turned to Dubai since the eluupee man is the governor But I see Redmond land 1 Like |
Culture / Re: Top Five West African Languages Spoken In The United States - 2022 by johnjose68: 12:28pm On Dec 08, 2023 |
ASAPFERG: 1 Like
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Culture / Re: Top Five West African Languages Spoken In The United States - 2022 by johnjose68: 12:22pm On Dec 08, 2023 |
QueenDima47: You mean Yoruba do not sell galla in traffic? You mean Yoruba do not sell fake product? You mean Yoruba do not sell fufu as iphone to customers. You mean Yoruba do not brag about defrauding people. 4 Likes |
Culture / Re: Top Five West African Languages Spoken In The United States - 2022 by johnjose68: 12:18pm On Dec 08, 2023 |
Gamesmart: The I.gbos are usurpers. They can also take up the names of the natives, not because they love the native or the tribe, but because they want to hijack those people's community and land. Thats why you will see the first coup plotter, Nzeogu bearing Kaduna in his name: Kaduna Nzeogu. When you see an ig.bo man bearing your native native name, please be careful.!!!!!!!!!!!!!!! They are dangerous!!!!!! They know they have a very bad and unproductive land, so they go all out to hijack peoples land in subtlety....they tried that in Porthacourt (those ones know them and will not take shit from them). They are so proud to the extent that they will NOT appreciate the host. They will rather insult and even boast and brag about it!!!!! Such a tribe. I have an Indian friend who surprisingly knows the I.gbo tribe for what and who they are...Fraudsters. Imagine!!!!!!!!! 3 Likes |
Culture / Re: Top Five West African Languages Spoken In The United States - 2022 by johnjose68: 11:56am On Dec 08, 2023 |
opamoses1: Yes oooo. Yoruba dont chestbeat or Shout anyhow. Yoruba dont brag, like those people do. They brag about buying everyone else properties, still Yoruba do not shout. |
Jobs/Vacancies / Re: Which Day Of The Week Did GOD Almighty Created Nigerians? by johnjose68: 6:30pm On Dec 06, 2023 |
kabanayol9: Now we know that kabanayol9 = Emmanuel 1 Like |
Politics / Re: NBS: Nigeria’s Exports Outpace Imports, Trade Surplus Hit ₦3.5trn In 9 Months by johnjose68: 10:50am On Dec 05, 2023 |
ottersberger: As you are busy taking you FAKE hero beer, take time to read this, the lest discuss: https://www.nairaland.com/7931471/obis-budget-2009-governors-office In 2009, when Obi was the governor of Anambra state, his 2009 budget for Governor's office was higher than that of education and health combined. Compare below his 2009 budget with that of Chimaraoke. Should we discuss how, under your leadership, Anambra budgeted N5.8 billion and N5.3 billion for the Executive Governor's office in 2009 and 2008, respectively, while the total budget for education was just N2.8 billion? The way Obi talks about health and education, you would think he spent a lot on capital expenditure for them - Governor's office : ₦5.8B - Edu: ₦2.8B - Health: ₦1.5B Compare this with @ChimarokeNamani 2005 budget: - Governor's Office: ₦1.4B - Edu: ₦10.7B - Health: ₦4.3B |
Politics / Re: NBS: Nigeria’s Exports Outpace Imports, Trade Surplus Hit ₦3.5trn In 9 Months by johnjose68: 10:47am On Dec 05, 2023 |
Fujiyama: As you are waiting, make sure you take a capsule of FAKE drug being sold by Emeka with a bottle of FAKE hero beer So that your BP can go gaga....bunch of baby factory products. |
Politics / Re: NBS: Nigeria’s Exports Outpace Imports, Trade Surplus Hit ₦3.5trn In 9 Months by johnjose68: 10:44am On Dec 05, 2023 |
tinsel: Good one. One step at a time. It is NOT a one day job. I.pob wants the country to fail, so they can score point. But no one cares about their opinion or rants. The fraudulent tribe |
Health / Re: South East Has The Highest Hypertension Patients - Nigerian Hypertension Society by johnjose68: 6:39am On Dec 05, 2023 |
DankemzI: Ahahah... containers full of fake drugs 6 Likes 1 Share |
Health / Re: South East Has The Highest Hypertension Patients - Nigerian Hypertension Society by johnjose68: 6:38am On Dec 05, 2023 |
adenigga: The hypertension is induced by the loss to the great JAGABAN. Top of the list of the patients is Obi Onwubuasi. Why won't they have hypertension when karma is not a bitch. They sell fake drugs and fake baby foods. Pathetic and shameless people 6 Likes 1 Share |
Politics / Re: Reno Omokri: I Will Be Insulted If I Mention People Importing Fake Drugs by johnjose68: 1:24pm On Dec 04, 2023 |
djon78: I don't think you are serious at all We are talking about your tribe selling FAKE drugs...you are talking about cheap drug even using apple and Samsung to justify your tribe quest to destroy Nigerians life. You are pathetic 👿 |
Politics / Re: CJN Ariwoola Bows & Greets Ganduje, The APC Chairman by johnjose68: 11:24am On Dec 04, 2023 |
Fulaninigger: Oponu, read the title of the event before you complain. Awon i.pobian. mtshew. |
Politics / Re: Reno Omokri: I Will Be Insulted If I Mention People Importing Fake Drugs by johnjose68: 9:46am On Dec 04, 2023 |
uche393: Eya, sorry. The drug dealing, fake drug producing tribe. If you no forgive Reno, wetin concern us |
Fashion / Re: Mass Production Of Footwear In Anambra Shoe Manufacturing Cluster (video & Pics) by johnjose68: 9:21am On Dec 04, 2023 |
ANSMEDIA: Fake products everywhere. Highly Fake!!! Like the fake drugs they deal. |
Politics / Re: Reno Omokri: I Will Be Insulted If I Mention People Importing Fake Drugs by johnjose68: 8:24am On Dec 04, 2023 |
Funkyswagzz: But why is everything about you people fake Without Reno mentioning your tribe, why did everyone know that it is the i.gbo tribe Oya tell me, I will not beat you. 1 Like |
Politics / Re: Reno Omokri: I Will Be Insulted If I Mention People Importing Fake Drugs by johnjose68: 8:16am On Dec 04, 2023 |
Ndimkpurummiri: Any time I want to buy something and it has to be from any member of this evil I.gbo tribe, I pray silently within because, 99.999% of the time, it is fake products they will sell: Fake drugs, Fake Ventolin inhaler, Fake Tyre, Fake baby foods, Fake shoes, But what do you expect from products of baby factory It is highly pathetic to share the same country with this people. They frustrated the effort to include referendum in our constitution because of their selfish way of life. Even foreigners know them as the black 🐈⬛ sheep of the Nigerian family. It's a shame 😭 4 Likes |
Politics / Re: Reno Omokri: I Will Be Insulted If I Mention People Importing Fake Drugs by johnjose68: 8:08am On Dec 04, 2023 |
evsimmigration: So Reno is from Yoruba tribe Dot nation people. Fake babies... baby factory products 1 Like |
Politics / Re: Reno Omokri: I Will Be Insulted If I Mention People Importing Fake Drugs by johnjose68: 7:54am On Dec 04, 2023 |
Beremx: Did he mention your tribe or you already know it's your tribe he was referring to 1 Like |
Politics / Re: Reno Omokri: I Will Be Insulted If I Mention People Importing Fake Drugs by johnjose68: 7:47am On Dec 04, 2023 |
Ndimkpurummiri: We all know it is I.gbo tribe that import fake drugs. They cannot deny it. It's their trade. Even unborn children know this. These people have destroyed lives to the extent that they cannot be forgiven in this life. Fake drugs Fake baby foods Fake everything.... Only this tribe Reno, don't be a coward. Why not mention their names and let them insult you. Are you afraid of their insults Who doesn't know insult is also one of their trades 2 Likes |
Politics / Re: Stop Making Police Officers’ Wives Widows – Arase Telld IPOB terrorists by johnjose68: 10:07am On Dec 03, 2023 |
goodnessme1: You are welcome, but behave yourself 😜 |
Politics / Re: Stop Making Police Officers’ Wives Widows – Arase Telld IPOB terrorists by johnjose68: 9:22am On Dec 03, 2023 |
goodnessme1: You just confirmed you are a specialist in fraud, changing ones comment to another. Kudos |
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