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Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel - Politics (2) - Nairaland

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Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by vanunu: 1:08pm On Jun 25, 2023
Zionmdde:

Time doesn't tell anything. What with the electric car owners use to charge their cars? Where is the Natural gas for the CNG coming from? Or you think since Nigeria has huge gas deposits it will suddenly turn to CNG.

Op should go and do something useful

Is the natural gas going to come out from his refinery?

For you information Shell and Seplat are about to complete their 4 billion dollars gas plant in Imo State.

1 Like

Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by Typing: 1:35pm On Jun 25, 2023
SSFeedsNigeria:
Anyone who has been to Ajaokuta Iron and Steel complex will be bewildered at how massive it is. One can drive for several miles and still be inside Ajaokuta steel complex. It cost Nigeria billions of dollars to build this elephant project. The community also lost vast lands that could have been used for agriculture or other productive ventures.

Today, Dangote refinery is dangerously following in the paths Ajaokuta steel took many years ago. The prognosis is even looking much worse for Dangote refinery when you consider that Dangote refinery is being built very far away from its source of raw material unlike Ajaokuta steel that was built on the site of huge iron ore deposit.

Worse still, instead of building an average sized refinery, maybe 50,000bpd capacity, he chose to build the world's largest single train refinery in 2023! This poor decision shows that Dangote is far from being astute an businessman/investor as aclaimed. Aside having his ego massaged, Dangote hoped to monopolize Nigeria's downstream oil sector, same way he did with cement and sugar. But unfortunately for him, it has backfired.

If Dangote didn't allow greed to come over him, he would have built a 50,000bpd refinery and he would have completed it since. But that capacity won't give him the monopoly he wants so he ended up building a refinery that can't be completed.
near future.

All these indications show that Dangote refinery is very likely going to end up moribond like Ajaokuta steel.


See person wey never achieve anything for life, dey talk down on Dangote. SsfeedsNigeria, apart from the Gala Hawking business you are good at, what other thing can you do?

South East People just dey envy Dangote. Very soon, Dangote refinery go make Dangote compete as one of the top 3 richest men in the world.
Una go wail tire by then grin

3 Likes

Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by inoki247: 1:41pm On Jun 25, 2023
adecz:




You've forgotten that in Nigeria, kerosene
sef dey explode inside house, roast people.
Na gas una wan play with for car, wey our
roadside mechanics go work something out.

I hope you try it and carry your family travel.

Good luck.

Why's everybody in Benin not dead you people keep coming to public forum to display your illiteracy....

2 Likes

Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by XerXers: 1:43pm On Jun 25, 2023
SSFeedsNigeria:


The enormous resources required to run such vast refinery can only be sustainable if it runs at full capacity.

Dangote isn't an astute investor as aclaimed, otherwise it would have been far more profitable to build 5 modular refineries around oil fields than one massive refinery that can't be completed or maintained optimally.

Again, he is driven by greed and monopolistic tendencies.
As Ajaokuta failed see Anambra opening smaller iron and steel factories, one was recently opened at Awkuzu. Same will happen in refinery business

2 Likes

Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by XerXers: 1:45pm On Jun 25, 2023
SSFeedsNigeria:


Again, did GSM replace telephones immediately or it happened gradually?

By asking whether our natural gas supply is enough to supply power companies shows you're not informed. FYI, Nigeria is more of a gas nation than even crude oil. Our crude oil will only last about 30 years at current production, if there is no more discoveries. But gas will last far more than that.

Gas is the future while petrol is in the past.
And SE is the gas capital of Nigeria

1 Like

Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by Typing: 1:46pm On Jun 25, 2023
07kjb:
I'm discussing this with my friend from kogi yesterday... DANGOTE is not a good business man what he is enjoying is northern Monopoly coupled with some foolish presidents we had from the south,I will prefer TONY ELUMELU 100* TO DANGOTE.. DANGOTE IS A VERY SELFISH AND GREEDY FELLOW

I LAUGH STUPID APC SUPPORTERS CHEERING HIS REFINARY,IT WILL BE BETTER TO IMPORT FUEL THAN TO HOPE ON THAT HIS ANTI PEOPLE REFINARY...THANK GOD FOR GAS ALTERNATIVE ANYWAYS

Envy from Peter Obi's Brothers

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Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by Typing: 1:48pm On Jun 25, 2023
XerXers:
We laughed at the abokki when he ventured into a business that is becoming obsolete. Worst still is his greed in trying to monopolize the sector. Once all bottlenecks are removed, small modular refineries will run him out of business, that is if he ever complete the white elephant project at all.

See painment again. Dangote is doing well and we Nigerians are proud of him.

1 Like

Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by dododawa1: 1:49pm On Jun 25, 2023
Na lie
Ajaokuta is federal property
DANGOTE is private

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Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by 07kjb: 1:50pm On Jun 25, 2023
Typing:


Envy from Peter Obi's Brothers


When intellectuals are speaking don't bring out your ignorance,or try as much as possible to hide it..u are no longer a small boy

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Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by Typing: 1:50pm On Jun 25, 2023
b4bola:
I no know why person go dey drink paracetamol untop another man headache.

The Dangote Refinery is a very complex project that requires a time, technical input and capital.

There are about twelve units (CDU, RFCC gasoline, RFCC AGO, HGU, Polypropylene Unit Effluent treatment Units e.t.c). Executing a project of this magnitude is no joke. Commissioning and integrity testing alone could take six months or more.

The man even said they are more than halfway through with the payment of loans($2.7B left)

I don't know what you intend to gain with all these downplaying


Pure envy from Peter Obi's Brothers.

1 Like

Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by lastmessenger: 1:53pm On Jun 25, 2023
Well Dangote refinery will work. But like you said the man was greedy from the beginning. If he had done hundred thousand barrels per day he would have started producing fuel and selling to Nigerians a long time ago but no greed made him take on 600k barrels per day and here we are still struggling to make it work.

1 Like

Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by adecz: 1:55pm On Jun 25, 2023
inoki247:


Why's everybody in Benin not dead you people keep coming to public forum to display your illiteracy....


Outside Nigeria, have you ever heard
of kerosene exploding and killing dozens❓❓


Stop being a chronically naive individual.😕😕

1 Like

Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by meetme01: 1:58pm On Jun 25, 2023
Zionmdde:
OP use the time for typing this shit and look for something to do
First you don't know what killed Ajaokuta steel
Secondly CNG, electric car bla bla bla won't replace petrol anytime soon. Only kids and ignorant people think it will.
Finally dangote is a greedy wicked man but he isn't stupid or foolish he works with intelligent thinkers

Every discuss shouldn't be based on sentiments. Let's educate ourselves. Everything shouldn't be war & war nah. He brought something germane that could be discuss for us to weigh options.

Someone gave a good idea about the negative effect ofL CNG gas. I need to read on that before having a healthy discussion with the person.

It's faceless but we can learn. It helps the brain.

2 Likes

Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by XerXers: 1:58pm On Jun 25, 2023
dododawa1:
Na lie
Ajaokuta is federal property
DANGOTE is private
His Tomatoes factory failed in Kano. Now overrun by bush. Dangote has always been a government baby and not a real business man. See how how he runs to Aso Rock like a coward

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Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by inoki247: 2:02pm On Jun 25, 2023
adecz:



Outside Nigeria, have you ever heard
of kerosene exploding and killing dozens❓❓


Stop being a chronically naive individual.😕😕

I'm talking about Nigeria Benin Edo state over 5000 plus Car is using CNG in Edo stop displaying your ignorance...

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Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by Godoverevery: 2:05pm On Jun 25, 2023
Googledotcom:
Those saying Gas price has drop, this is what I just bought in port Harcourt, the 25/June/2023.

700/liter,
8,750 for 12.5kg

Instead of wailing just come over to lagos and verify price yourself.

I don't understand this disgusting attitude of some of you ibos.....so we should say gas price hasn't drop cos you buying at 700 and we are buying at 500 Nawa ooo

4 Likes

Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by meetme01: 2:05pm On Jun 25, 2023
adecz:

People don't realize how dangerous
gas powered vehicles are.

After one or two gas powered cars
explode with passengers, our brains go
reset back to petrol.

For say it meets regular safety standards,
America and Britain for don dey use am, tey tey.

Even for Nigeria, kerosene sef dey
explode, talk less of working gas put
for passenger and private vehicles. Here wey
we no get any set of safety standards. For Nigeria, cow, goat, rams pigs dey travel
together inside one passenger vehicle

Dangote's problem is that he focuses
too much on bribing government officials
To give him unfair advantage over competitors.

On his own, Buhari was focused on putting
all the nation's wealth in the hands of
Muslim northerners. Oil, Ports, Customs,
Immigration, Finance, Airways, Agriculture etc.
and they obliged him by stealing trillions,
unchallenged❗️❗️

E no go ever better for Buhari and his
coming generations for the poverty he unleashed on this country🇳🇬🇳🇬🇳🇬

My thought in this- Must we always follow what the West does? Can't we develop our own ideas? Not science oriented but we have seen cars not in motion or parked for days and went up in flames. The electric cars, they also have negative effects.

Personally, I think CNG is much better than electric cars. In my view, those agitating for CNG would have done their test before making it an option. Also, it's another way of generating revenue. If at the latter end, it's not harmful as think, then electric cars will stay in the West while we use our CNG. Then, I can align with the OP that Dangote refinery will have to develop a strategy to ensure he does not become redundant like Ajaokuta

On the Ajaokuta, I still believe the hands of cabals is the set back. If there is real political will, all the bottle necks and bureaucracy will be removed. That infrastructure can revive a lot in the country. Employment, revenue, etc.

3 Likes

Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by Typing: 2:07pm On Jun 25, 2023
07kjb:



When intellectuals are speaking don't bring out your ignorance,or try as much as possible to hide it..u are no longer a small boy

Intellectual that is jobless. Intellectual who still hawk Gala and fake phone chargers on traffic. Go chop your intellectuality. grin grin grin

1 Like

Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by Typing: 2:11pm On Jun 25, 2023
inoki247:


I'm talking about Nigeria Benin Edo state over 5000 plus Car is using CNG in Edo stop displaying your ignorance...

Na LIE. Which Edo? No be this Edo wey I dey. Some years back, some Car owners in Benin actually switch to CNG, but most of them have revert back to petrol.

Only few cars still use CNG in Benin. Make una dey LIE small small.

2 Likes

Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by vanunu: 2:12pm On Jun 25, 2023
Godoverevery:


Instead of wailing just come over to lagos and verify price yourself.

I don't understand this disgusting attitude of some of you ibos.....so we should say gas price hasn't drop cos you buying at 700 and we are buying at 500 Nawa ooo

How did you know that he is Igbo? Why are are you very stupid?

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Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by Typing: 2:14pm On Jun 25, 2023
inoki247:


Why's everybody in Benin not dead you people keep coming to public forum to display your illiteracy....

Weting wan kill people for Benin?

2 Likes

Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by meetme01: 2:15pm On Jun 25, 2023
Typing:


Na LIE. Which Edo? No be this Edo wey I dey. Some years back, some Car owners in Benin actually switch to CNG, but most of them have revert back to petrol.

Only few cars still use CNG in Benin. Make una dey LIE small small.

Let me ask, will you advise someone to change to CNG?

What the negative effect of using CNG?
Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by Zionmdde: 2:22pm On Jun 25, 2023
vanunu:


Is the natural gas going to come out from his refinery?

For you information Shell and Seplat are about to complete their 4 billion dollars gas plant in Imo State.
Lol, about to complete ANOH gas? Ok let's say what you heard is correct, do you know the capacity? Ok let's assume you know the capacity, do you know where they plan to channel the products to? Expo, they want to use it for industrializing the north and export to our precious Arab neighbors.
Ok let's say ANOH project is completed, do you not think the power industry and companies that rely on gas are waiting to grab them?
Ok let's say they want to use it for CNG, who will fund the trillions of naira required to set up CNG plants?

In all these, don't u think our national oil company who run the oil and gas show were not stupid enough to buy 20% stake in that refinery?

Footnote: ANOH is a gas processing plant, they don't produce CNG
Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by Godoverevery: 2:28pm On Jun 25, 2023
vanunu:


How did you know that he is Igbo? Why are are you very stupid?

I no both of you are igbos cos the dullness and bitter talks is in born.

Bunch of fools who never want to hear good news about Nigeria.

2 Likes

Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by Typing: 2:29pm On Jun 25, 2023
meetme01:


Let me ask, will you advise someone to change to CNG?

What the negative effect of using CNG?


I am in Benin and only know two CNG refueling station that exist in Benin since 2015. If CNG has a greater advantage over fuel or Diesel, most Cars in Benin would've been converted to CNG. I personally would've converted my Car to CNG too.

Most commercial Busses and some private Cars in Benin use Diesel instead. You hardly come across Cars that use CNG. There refilling station is usually dry. Even though, only 2 are in existence in Benin.

The Governor exaggerated when he said, over 5000 cars in Benin are using CNG. If such numbers of Cars in Benin use CNG, there refueling stations would've been in hundreds.

1 Like

Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by Typing: 2:34pm On Jun 25, 2023
Godoverevery:


I no both of you are igbos cos the dullness and bitter talks is in born.

Bunch of fools who never want to hear good news about Nigeria.


You don finish talk. You know them too well grin grin

1 Like

Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by juman(m): 2:37pm On Jun 25, 2023
I wonder the age of OP.
Refinery is private owned while steel company owned by government.
In most third world countries, government owned companies are run badly.
Private owned company will be handled to make profit.

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Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by otemeh01(m): 3:19pm On Jun 25, 2023
Zionmdde:

Lol, about to complete ANOH gas? Ok let's say what you heard is correct, do you know the capacity? Ok let's assume you know the capacity, do you know where they plan to channel the products to? Expo, they want to use it for industrializing the north and export to our precious Arab neighbors.
Ok let's say ANOH project is completed, do you not think the power industry and companies that rely on gas are waiting to grab them?
Ok let's say they want to use it for CNG, who will fund the trillions of naira required to set up CNG plants?

In all these, don't u think our national oil company who run the oil and gas show were not stupid enough to buy 20% stake in that refinery?

Footnote: ANOH is a gas processing plant, they don't produce CNG
Your last statement contradicted most of your point. CNG is compressed natural gas. So tell me, what does a gas processing plant deals with if not from methane (Natural gas) to butane. Pentane (condensate) upward is PMS, the heavier fractions are AGO and so on. And note that in gas processing, u even get more of methane than the rest. Try doing a simple Google search. It helps.
Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by meetme01: 3:24pm On Jun 25, 2023
Typing:


I am in Benin and only know two CNG refueling station that exist in Benin since 2015. If CNG has a greater advantage over fuel or Diesel, most Cars in Benin would've been converted to CNG. I personally would've converted my Car to CNG too.

Most commercial Busses and some private Cars in Benin use Diesel instead. You hardly come across Cars that use CNG. There refilling station is usually dry. Even though, only 2 are in existence in Benin.

The Governor exaggerated when he said, over 5000 cars in Benin are using CNG. If such numbers of Cars in Benin use CNG, there refueling stations would've been in hundreds.

Thank you for this enlightenment.

Let's accept that stability of fuel price, low market for CNG are the cause of low patronage of CNG.

With your little experience with users and high cost of fuel, will you advise someone to use of CNG.?

I think you are not against it just little skepticism that is not making you comfortable. Sincerely, I am considering it though , I don't stay in Benin. I just want to get a good idea before convincing my folks to tag along when it comes into vogue. A journey of 5K is now about 13.5K for me. It's a hell bro.

1 Like

Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by Googledotcom: 3:57pm On Jun 25, 2023
Godoverevery:


Instead of wailing just come over to lagos and verify price yourself.

I don't understand this disgusting attitude of some of you ibos.....so we should say gas price hasn't drop cos you buying at 700 and we are buying at 500 Nawa ooo
Don't need no mention from any tribal ret@rd riffraff.
Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by Zionmdde: 3:59pm On Jun 25, 2023
otemeh01:

Your last statement contradicted most of your point. CNG is compressed natural gas. So tell me, what does a gas processing plant deals with if not from methane (Natural gas) to butane. Pentane (condensate) upward is PMS, the heavier fractions are AGO and so on. And note that in gas processing, u even get more of methane than the rest. Try doing a simple Google search. It helps.
Bro CNG is compressed natural gas. You need to channel the gas to a compressor for compression to required pressure

Gas processing is removing impurities like h2s, co2, water from the gas.
Butane, propane are all LPG not Natural gas.


For ur info, the highest component u can get in commercial quantity from associated and non associated gas is ethane, butane and propane, the rest are only gotten in refinery including AGO

So ANOH gas is only purifying gas to lean gas
There is no Compression going on there

I don't need Google to research that. You are the one who needs good
Re: Greed: Why Dangote Refinery May End Up Like Ajaokuta Steel by sammyKCC(m): 4:04pm On Jun 25, 2023
SSFeedsNigeria:
Anyone who has been to Ajaokuta Iron and Steel complex will be bewildered at how massive it is. One can drive for several miles and still be inside Ajaokuta steel complex. It cost Nigeria billions of dollars to build this elephant project. The community also lost vast lands that could have been used for agriculture or other productive ventures.

Today, Dangote refinery is dangerously following in the paths Ajaokuta steel took many years ago. The prognosis is even looking much worse for Dangote refinery when you consider that Dangote refinery is being built very far away from its source of raw material unlike Ajaokuta steel that was built on the site of huge iron ore deposit.

Worse still, instead of building an average sized refinery, maybe 50,000bpd capacity, he chose to build the world's largest single train refinery in 2023! This poor decision shows that Dangote is far from being astute an businessman/investor as aclaimed. Aside having his ego massaged, Dangote hoped to monopolize Nigeria's downstream oil sector, same way he did with cement and sugar. But unfortunately for him, it has backfired.

If Dangote didn't allow greed to come over him, he would have built a 50,000bpd refinery and he would have completed it since. But that capacity won't give him the monopoly he wants so he ended up building a refinery that can't be completed.

Already, many countries, particularly in Europe, America and Asia are fast transitioning to electric cars. Nigeria has now removed the bureaucracy that made power generation unviable, so very soon, electricity is going to be constant. By then used electric cars would start flooding third world countries, including Nigeria. As if that isn't bad enough for the future prospects of Dangote refinery, gas is now more abundant, cheaper, cleaner and also receiving huge investments. Innoson had earlier converted over 10,000 vehicles in Benin to run on CNG and the company is also expanding on that project.

Now that it has overstretched its limits on borrowing, how would they be able to raise more funds to complete the refinery?


So, let's assume that Dangote refinery is able to come on stream by 2025, then where is he going to find market for its products? With the options for CNG and electric powered vehicles which are both traditionally cheaper, who will want to buy fuel again? Even household generators won't be needed again in the near future.

All these indications show that Dangote refinery is very likely going to end up moribond like Ajaokuta steel.


This is the truth about the dangote refinery that the indians are refusing to accept. There are always marginal differences betweeen plant design on paper and in reality. Two single train column of similar capacity would have been a more sustainable design alternative. The current dangote refinery design major pitfalls will be high production down time due maintenance and other unforseens since its a single train column for that large production capacity.

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