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First Shipment Of Crude Arrives Dangote Refinery with 950,000 barrel - Politics (3) - Nairaland

Nairaland Forum / Nairaland / General / Politics / First Shipment Of Crude Arrives Dangote Refinery with 950,000 barrel (38549 Views)

Dangote Refinery’s Second Crude Oil Shipment Leaves US For Nigeria / NNPC Fails To Account For 107 Million Barrels Of Crude, - Auditor General / Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic (2) (3) (4)

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Re: First Shipment Of Crude Arrives Dangote Refinery with 950,000 barrel by Evolutionism: 6:24pm On Dec 07, 2023
Jorussia:
I pray and hope the refinery favour Nigeria.I don't like Dangote.I still feel it was an error to give him license to build such a huge refinery. If 5 persons were given license to 650,000 barrel per day refinery,at least 3 would have been up and running by now.GEJ made mistake by approving 650,000 barrel refinery for only Dangote.

Keep praying lol.

Keep deceiving yourselves and being highly delusional.

Praying ko, Player niigrin

You will all buy fuel at N1000.

Save this Post.

F******Ls, The most docile and unrealistic beings in the world.

4 Likes

Re: First Shipment Of Crude Arrives Dangote Refinery with 950,000 barrel by kellybently(m): 6:24pm On Dec 07, 2023
Hez143:
lol,I thought they said December is not feasible..
where the pigs dey,make the gaslighting start!!!

So you can't read to understand simple English language above. Crude arrived is different from production have commence.

1 Like

Re: First Shipment Of Crude Arrives Dangote Refinery with 950,000 barrel by Spandau: 6:25pm On Dec 07, 2023
patrickcollins:
It will not improve the foreign exchange cos he will sale in dollars and not Naira

It's high time you folks learn the difference between "sale" and "sell".
Re: First Shipment Of Crude Arrives Dangote Refinery with 950,000 barrel by Fujiyama: 6:26pm On Dec 07, 2023
kindlyheart:
I hope this will crash fuel Price at least

^^^
It will not.

1 Like

Re: First Shipment Of Crude Arrives Dangote Refinery with 950,000 barrel by Godfullsam(m): 6:26pm On Dec 07, 2023
Ikaeniyan0:
The FG gave out license to more than 20 person to build refineries, Dangote shouldn't be blame for others failure.

Majority of the people given license to build refineries where using the license to import fuel into the country.

Thank God FG is already planning to withdraw their licenses.

7 Likes

Re: First Shipment Of Crude Arrives Dangote Refinery with 950,000 barrel by Funkyswagzz(m): 6:28pm On Dec 07, 2023
Ikaeniyan0:
It was not imported. Agbami crude oil is from the Niger delta.

The way agbado miscreants defend dangote refinery like it's their fathers property. Soon dem go say na dem build the refinery. 😂😂😂

3 Likes

Re: First Shipment Of Crude Arrives Dangote Refinery with 950,000 barrel by kindlyheart: 6:28pm On Dec 07, 2023
cry cry

Fujiyama:


^^^
It will not.
Re: First Shipment Of Crude Arrives Dangote Refinery with 950,000 barrel by Kukutente23: 6:28pm On Dec 07, 2023
Ikaeniyan0:
It's so funny how they make it seem as if Dangote stopped the rest from building a gigantic refinery like his own. Dangote worked very hard to make this refinery possible.

If he behaved like the rest of the people that got the license too, we won't be talking about Dangote refinery today.
You're correct
But it is also true that he got a lot of support that someone not of his status will find difficult to get
Re: First Shipment Of Crude Arrives Dangote Refinery with 950,000 barrel by Evolutionism: 6:29pm On Dec 07, 2023
dominique:
I don't have high hopes for this refinery. Everything Dangote touches quadruples in price. I hope I'm proved wrong.

Now see my personal person who is in touch with Reality.

Intellectual Ladies like you are Rare Gem most especially in a country like Nigeria.

Infact you have SENSE more than 90% of Nigerian men.

I pray i get married to someone like you❤

4 Likes

Re: First Shipment Of Crude Arrives Dangote Refinery with 950,000 barrel by Frezhkid10(m): 6:29pm On Dec 07, 2023
DEXTROVERT:
Wonderful

At
Least
Naira
Will
Rise
A
Little

Dollar
Will
Start
To
Fall
Hahahaaa..
Haven’t you heard that payment for the crude will be in dollars..
Re: First Shipment Of Crude Arrives Dangote Refinery with 950,000 barrel by courage89(m): 6:31pm On Dec 07, 2023
Very nice
Re: First Shipment Of Crude Arrives Dangote Refinery with 950,000 barrel by nairalanda1(m): 6:31pm On Dec 07, 2023
Jorussia:
I pray and hope the refinery favour Nigeria.I don't like Dangote.I still feel it was an error to give him license to build such a huge refinery. If 5 persons were given license to 650,000 barrel per day refinery,at least 3 would have been up and running by now.GEJ made mistake by approving 650,000 barrel refinery for only Dangote.

GEJ also gave licences to other private operators of refineries, dozens of them

None of them built the refinery they were licensed to do, except a few of them (five to be exact).

Dangote built a large refinery not because of government favour. He was able to build the refinery because he had the collateral to show the banks when he asked them for a loan...which the banks gave because they know that if he defaults...they take over his lucrative businesses via AMCON and pay themselves back.

But the main reason why most of the refineries licenced are not working is subsidy. Subsidy means fuel is sold at a price below market price. With that type of risk, why would bank want to give loan to a potential refinery operator, when government would force him to sell at low price in the name of subsidy?

See why GEJ wanted to remove subsidy in 2012?

4 Likes 1 Share

Re: First Shipment Of Crude Arrives Dangote Refinery with 950,000 barrel by nairalanda1(m): 6:33pm On Dec 07, 2023
Ikaeniyan0:
It's so funny how they make it seem as if Dangote stopped the rest from building a gigantic refinery like his own. Dangote worked very hard to make this refinery possible.

If he behaved like the rest of the people that got the license too, we won't be talking about Dangote refinery today.

There are four to five other refineries, and BUA is building his own refinery self.

1 Like

Re: First Shipment Of Crude Arrives Dangote Refinery with 950,000 barrel by legba1(m): 6:34pm On Dec 07, 2023
SeeWahala:
So nigeria now imports crude oil? shocked

Haba read now, atleast read....

3 Likes

Re: First Shipment Of Crude Arrives Dangote Refinery with 950,000 barrel by treatise: 6:35pm On Dec 07, 2023
DEXTROVERT:
Wonderful

At
Least
Naira
Will
Rise
A
Little

Dollar
Will
Start
To
Fall
Are other Dangote products cheaper today?

1 Like

Re: First Shipment Of Crude Arrives Dangote Refinery with 950,000 barrel by francotunsco: 6:35pm On Dec 07, 2023
Where is my stethoscope? I am around Awoyaya, let me see if i can see the vessel.
Re: First Shipment Of Crude Arrives Dangote Refinery with 950,000 barrel by BeLookingIDIOT(m): 6:37pm On Dec 07, 2023
Ikaeniyan0:
The FG gave out license to more than 20 person to build refineries, Dangote shouldn't be blame for others failure.
They'll later start crying monopoly later.

3 Likes 1 Share

Re: First Shipment Of Crude Arrives Dangote Refinery with 950,000 barrel by legba1(m): 6:41pm On Dec 07, 2023
Jorussia:
I pray and hope the refinery favour Nigeria.I don't like Dangote.I still feel it was an error to give him license to build such a huge refinery. If 5 persons were given license to 650,000 barrel per day refinery,at least 3 would have been up and running by now.GEJ made mistake by approving 650,000 barrel refinery for only Dangote.

Haba, Bua also has a refinery that is almost ready in akwa ibom. If you have the money, you also can apply for a license.... Once You can fulfill the requirements .

7 Likes

Re: First Shipment Of Crude Arrives Dangote Refinery with 950,000 barrel by YesDaddyTill203: 6:41pm On Dec 07, 2023
Bad news for the naysayers. They will soon come up with another wailing theory.

5 Likes 1 Share

Re: First Shipment Of Crude Arrives Dangote Refinery with 950,000 barrel by londonzona: 6:42pm On Dec 07, 2023
seunmsg:
To God be the glory. Hopefully, refined petroleum products from the refinery will ht the market by first week of January. This will give a very big boost to the economy and the foreign exchange crisis. Big shame on those haters of Nigeria who have been praying for the for the refinery not to work.
I pity your like, a crude producing country is now Importing crude.And you see nothing in there
Re: First Shipment Of Crude Arrives Dangote Refinery with 950,000 barrel by Anunakeeh: 6:43pm On Dec 07, 2023
nearline:
Hmm… Ok. Me I still dey observe. Make I see how e go change things for us first. Then I go know my next step.

You go observe reach 2028 and nothing tangible will a common man benefit from the project except improved gnashing of teeths.

6 Likes

Re: First Shipment Of Crude Arrives Dangote Refinery with 950,000 barrel by adecz: 6:43pm On Dec 07, 2023
🛢️🛢️🛢️🛢️🛢️⛽️⛽️⛽️🛢️🛢️🛢️🛢️

Commencement date of Dangote
refinery has become like the coming
of Jesus Christ✝️ the Messiah.


Christians know Christ will return, but
nobody can say when He will return.


Now, everyone knows that Dangote
refinery will one day begin operations,
but even Dangote himself doesn't know
when.

Anything that Buhari put hand nor go
ever succeed. He put hand for Nigeria and
now na woto-woto we dey see, and the
way things are, Tinubu may likely be
worse.

Buhari wasn't a criminal by nature, but
more of an inept mumu religious bigot
& ethnic jingoist.

But Tinubu na confirmed ogbologbo
criminal drug lord, money launderer and
believes in stealing public money to buy
everyone😐😐😐😐
Re: First Shipment Of Crude Arrives Dangote Refinery with 950,000 barrel by Basic123: 6:44pm On Dec 07, 2023
fabolouz1:
First shipment of crude oil from where? Wasn't this refinery supposed to get supplies in country ?
The whole thing about this refinery is shrouded in secrecy .

This mumu didn't even read the news lol 😂

1 Like

Re: First Shipment Of Crude Arrives Dangote Refinery with 950,000 barrel by Dbakre1: 6:44pm On Dec 07, 2023
gbaskiboy:
Why are they importing crude oil don't we have any crude oil again.

Read well and try comprehend before commenting Oga, Agbami crude is produced by Chevron in Nigeria sir. The Suezmax tanker carrying
the 950,000 barrel cargo was chartered by the state-owned Nigerian National Petroleum Company (NNPC)

The report you didnt read well even informed that the Agbami, operated by Chevron, stands as one of Nigeria’s major deepwater developments, boasting a daily output of approximately 100,000 b/d in the central Niger Delta.

7 Likes

Re: First Shipment Of Crude Arrives Dangote Refinery with 950,000 barrel by nairalanda1(m): 6:45pm On Dec 07, 2023
dominique:
I don't have high hopes for this refinery. Everything Dangote touches quadruples in price. I hope I'm proved wrong

The problem is simple.

Dangote has to

1.Pay his workers competitive wages. He is not competing with local refineries, he is competing with world refineries. And yes, Nigerian oil workers japa well well well

2.Pay for maintenance and replacement parts if need be. Remember , all those stuff comes from abroad. It is not made in Nigeria for the most part.

3.Pay heavy taxes...because I guess both Lagos and federal government would be extracting their bit now.

All that costs money.

And all that adds up.

Unless you want the government to pay another subsidy, on top of the fact that our economy is broke thanks to years of low oil prices, and APC mismanagement and failure to diversify, fuel sold from Dangote refinery is not going to be lowly priced. Heck even the experts say we would pay N70 less than what we pay now. The fact is, fuel is not cheap, and it never has been cheap. We lied to ourselves it was for decades, and we lost 4 refineries, and ended up importing badly refined fuel to save costs.

It's not popular view, and maybe some people should have gone into refining. But we don't have enough people doing refining, because years of subsidy means that anyone setting up a refinery is going to run it at a loss....and no bank would loan money to you for that. Dangote got away with it because of his lucrative other buisnesses...whcih can be used to pay back the loan, should the worst happen.

Anyway, hopefully, this APC government would totally remove subsides, and maybe prices might come down a bit. Maybe.After competition. (But if we want cheap fuel, we have to totally diversify our economy, and with the way government is fixing prices in the power sector, I am already doubtful they will be serious on that) But if fuel costs above N900 in our neighbours Niger, and Ghana, who both have working (and in Niger;s case exporting) refineries, why should we be buying N200 fuel in Nigeria? Or we expect Dangote to be maintaing refinery at a loss, because we want to buy cheap fuel? Would we allow government to set prices below market price for our businesses?

And let's be frank, our government was WRONG to spend money on cars and COP 28, but if it was used for subsidy instead, it won't last the month self.

6 Likes

Re: First Shipment Of Crude Arrives Dangote Refinery with 950,000 barrel by Khyrvxjzy: 6:45pm On Dec 07, 2023
Ikaeniyan0:
Good news


I know someone working at the Dangote refinery, and he said the refinery will start refining in 2025 crew in the mud grin


The ship carrying the crude will arrive Lekki tonight in 3 hours time

SeeWahala

joyandfaith


Igbodicool

racoon


phorget

bigpicture001t

TINUBUISMAD

Chiefpriestt

Joy2dworldxyz



MadamVanessa

say something on this


you don't like it?
you hate it?

2 Likes

Re: First Shipment Of Crude Arrives Dangote Refinery with 950,000 barrel by numericalguy(m): 6:45pm On Dec 07, 2023
Ikaeniyan0:
Good news


I know someone working at the Dangote refinery, and he said the refinery will start refining in 2025 crew in the mud grin


The ship carrying the crude will arrive Lekki tonight in 3 hours time



I dey tell you... Every IPOB cannibal Ben claiming they know someone working in Dangote refinery who told them that the refinery will not work untill 2027


This news go pain hateful and bitter IPOB cannibals no be small

7 Likes 1 Share

Re: First Shipment Of Crude Arrives Dangote Refinery with 950,000 barrel by numericalguy(m): 6:47pm On Dec 07, 2023
Jorussia:
I pray and hope the refinery favour Nigeria.I don't like Dangote.I still feel it was an error to give him license to build such a huge refinery. If 5 persons were given license to 650,000 barrel per day refinery,at least 3 would have been up and running by now.GEJ made mistake by approving 650,000 barrel refinery for only Dangote.

IPOB cannibals and envy...


If the licence was given to an Igbo man, you would have been shouting Igbo amaka upandan

8 Likes 2 Shares

Re: First Shipment Of Crude Arrives Dangote Refinery with 950,000 barrel by Khyrvxjzy: 6:48pm On Dec 07, 2023
SeeWahala:
So nigeria now imports crude oil? shocked


haters ipob
Re: First Shipment Of Crude Arrives Dangote Refinery with 950,000 barrel by Basic123: 6:48pm On Dec 07, 2023
Zeebuy:


You're a complete slowpoke. What concerns Obi with this post?

I've always said it, Obi is currently the most influential man in Nigeria and that's the reason urchins can't go a day without mentioning his name.

Obi is your daddy's daddy grin

1 Like

Re: First Shipment Of Crude Arrives Dangote Refinery with 950,000 barrel by nairalanda1(m): 6:49pm On Dec 07, 2023
kindlyheart:
I hope this will crash fuel Price at least

The experts say it would crash fuel price...by N70.

That's even the extreme optimists speaking. In reality, fuel prices would be higher. APC has so messed up they do not have the money to pay for subsiding fuel to below N300 per liter , even N40 per liter anymore.

1 Like

Re: First Shipment Of Crude Arrives Dangote Refinery with 950,000 barrel by numericalguy(m): 6:49pm On Dec 07, 2023
Ikaeniyan0:
The FG gave out license to more than 20 person to build refineries, Dangote shouldn't be blame for others failure.



Help me tell them ooo

How can someone even blame Dangote for the inability of others


cc: Jorussia

2 Likes

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