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PLS how might the dangote refinery plant affect those oil importers. - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / PLS how might the dangote refinery plant affect those oil importers. (236 Views)

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PLS how might the dangote refinery plant affect those oil importers. by newdetailsoper: 4:18am On Feb 01, 2022
PLS how might the dangote refinery plant affect those oil importers.Will they have to do something else?
Re: PLS how might the dangote refinery plant affect those oil importers. by Haakeem(m): 4:24am On Feb 01, 2022
Re: PLS how might the dangote refinery plant affect those oil importers. by newdetailsoper: 4:27am On Feb 01, 2022
Haakeem:
hi.
am cool.
Re: PLS how might the dangote refinery plant affect those oil importers. by Haakeem(m): 4:28am On Feb 01, 2022
newdetailsoper:
am cool.
kk.
Re: PLS how might the dangote refinery plant affect those oil importers. by inspectorg(m): 5:13am On Feb 01, 2022
Through the demand and supply factor and price fixing.u see dangote will be able to meet a higher level of demand by the populace and will also play a key role in price fixing of the refined products as a big supplier in the market. In a lay man view | dangote(manufacturer/supplier)===>importers(distributors/suppliers) ===>wholesalers/retailers (Big distributors, filling stations).
Re: PLS how might the dangote refinery plant affect those oil importers. by hakeemhakeem(m): 5:46am On Feb 01, 2022
It's going to have negative effects
1.time lag: why they are waiting for the products to arrive dangote is selling
2.price: the exchange rate would affect the price, dangote doesn't need to change # to $ because he will receive $ from foreign costumers who are buying refined products like gas,pms and aviation fuel.its a win win for dangote
Re: PLS how might the dangote refinery plant affect those oil importers. by Nobody: 6:38am On Feb 01, 2022
Nnpc is the sole importer of petroleum products, others lift from nnpc depots.









Somehow nnpc can not maintain their own refinery thanks to nigerian factor
Re: PLS how might the dangote refinery plant affect those oil importers. by newdetailsoper: 12:28pm On Feb 01, 2022
inspectorg:
Through the demand and supply factor and price fixing.u see dangote will be able to meet a higher level of demand by the populace and will also play a key role in price fixing of the refined products as a big supplier in the market. In a lay man view | dangote(manufacturer/supplier)===>importers(distributors/suppliers) ===>wholesalers/retailers (Big distributors, filling stations).

thanks for the insight. Nice one.

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Re: PLS how might the dangote refinery plant affect those oil importers. by newdetailsoper: 12:29pm On Feb 01, 2022
hakeemhakeem:
It's going to have negative effects
1.time lag: why they are waiting for the products to arrive dangote is selling
2.price: the exchange rate would affect the price, dangote doesn't need to change # to $ because he will receive $ from foreign costumers who are buying refined products like gas,pms and aviation fuel.its a win win for dangote
.


Nice analysis.So i guess the importers might stop importing.

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