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Dangote Refinery Resolves Crude Supply Issues, To Roll Out Petrol In August - Politics - Nairaland

Nairaland ForumNairaland GeneralPoliticsDangote Refinery Resolves Crude Supply Issues, To Roll Out Petrol In August (11828 Views)

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Dangote Refinery Resolves Crude Supply Issues, To Roll Out Petrol In August by iwaeda(op): 3:19pm On Jul 14, 2024
President of the Dangote Refinery, Alhaji Aliko Dangote, says the refinery is now set to roll out its petrol from August 2024, having resolved its crude oil supply issues through the help of the Nigeria National Petroleum Company Limited (NNPCL) and the federal government.


Dangote told senior journalists in Lagos on Sunday that the crude supply challenge, which affected the supply of petrol from the refinery, was resolved last week after the federal government intervened.

The journalists were on a guided tour of the refinery, which is located at the Lekki Free Trade Zone in Lagos.

Recently the Dangote Industries Limited (DIL) raised an alarm over attempts by international oil companies (IOCs) to frustrate efforts at purchasing crude for the refinery.

“While the Nigerian Upstream Petroleum Regulatory Commission (NUPRC)are trying their best to allocate the crude for us, the IOCs are deliberately and willfully frustrating our efforts to buy the local crude,” the Vice President, Oil and Gas at DIL, Devakumar Edwin, told energy editors in June.

“It seems that the objective is to ensure that our Petroleum Refinery fails. It is either they are deliberately asking for ridiculous/humongous premium or, they simply state that crude is not available.

“At some point, we paid $6 over and above the market price. This has forced us to reduce our output as well as import crude from countries as far as the US, increasing our cost of production.”

Fertiliser production
Beyond resolving the crude supply issues and announcing plans to roll out petrol in August, Alhaji Dangote also told journalists that the refinery’s fertiliser unit would resume production in two weeks.


This would give farmers more access to fertiliser for their farm products.

Dangote told over 70 journalists who were part of the refinery tour that there was a massive request for fertiliser from Nigerians and the rest of Africa, so his group had no choice but to respond positively.
https://www.channelstv.com/2024/07/14/dangote-refinery-resolves-crude-supply-issues-to-roll-out-petrol-in-august/

Re: Dangote Refinery Resolves Crude Supply Issues, To Roll Out Petrol In August by Chinkoalhaji34: 3:23pm On Jul 14, 2024
Wow, Dangote dey try, petrol go dey available for August.
Re: Dangote Refinery Resolves Crude Supply Issues, To Roll Out Petrol In August by iwaeda(op):
The closer it seems, the farther it becomes, July, 4 days ago, now August. We told you the refinery is not ready. grin grin grin grin
Re: Dangote Refinery Resolves Crude Supply Issues, To Roll Out Petrol In August by Paraman: 3:25pm On Jul 14, 2024
Well, August is almost here
Re: Dangote Refinery Resolves Crude Supply Issues, To Roll Out Petrol In August by MhisterJay(m): 3:27pm On Jul 14, 2024
August is just next month.
Re: Dangote Refinery Resolves Crude Supply Issues, To Roll Out Petrol In August by Gajagojo: 3:31pm On Jul 14, 2024
There is no need to play victim
The way the industry works is you enter a contract to one buy crude for delivery up one year in advance
Producers do not finish production first before looking for buyers
It is not akara or noodles

Dangote did not enter any contract because his refinery was delayed

Are Producers who are even bigger than him in terms of size to plan for their business around his refinery?
He is free now to enter contracts for January delivery or go to the spot market anywhere in the world
He has supply issues but that is entirely his responsibility
The producers are free to sell to the highest bidder and if they do the federation account benefits
So whether they sell,to Dangote or not they must sell to someone and Nigeria gets royalty and taxes
Let Dangote come and tell us they sold lower than he offered to pay
Re: Dangote Refinery Resolves Crude Supply Issues, To Roll Out Petrol In August by WizardOfNG:
iwaeda:
The closer it seems, the farther it becomes, July, 4 days ago, now August. We told you the refinery is not read. grin grin grin grin
Your own thread and you can't even take time to read and understand what you posted.

Is it not obvious the issue was not about Dangote's refinery not being ready but specifically to do with supply of crude?


President of the Dangote Refinery, Alhaji Aliko Dangote, says the refinery is now set to roll out its petrol from August 2024, having resolved its crude oil supply issues through the help of the Nigeria National Petroleum Company Limited (NNPCL) and the federal government.
Re: Dangote Refinery Resolves Crude Supply Issues, To Roll Out Petrol In August by JagabanB: 3:36pm On Jul 14, 2024
iwaeda:
The closer it seems, the farther it becomes, July, 4 days ago, now August. We told you the refinery is not read. grin grin grin grin
You prefer that it's not ready?
Yet you will say you want a prosperous country?
Re: Dangote Refinery Resolves Crude Supply Issues, To Roll Out Petrol In August by ZIAZI(m): 3:37pm On Jul 14, 2024
Haba! I thought he said it would kickstart 2nd week of July. I hope it works out the way he has planned it in August.
Re: Dangote Refinery Resolves Crude Supply Issues, To Roll Out Petrol In August by iwaeda(op): 3:44pm On Jul 14, 2024
JagabanB:
You prefer that it's not ready?
Yet you will say you want a prosperous country?
Why the lies, everyone involved in Project know this, but you can't continue to post us every month. Are you whining us. Nlfpmod, what is your take. cry cry cry cry cry cry cry
Re: Dangote Refinery Resolves Crude Supply Issues, To Roll Out Petrol In August by sIfioksq: 3:49pm On Jul 14, 2024
Great news! Dangote's refinery making progress to provide petrol in August.
Re: Dangote Refinery Resolves Crude Supply Issues, To Roll Out Petrol In August by iwaeda(op): 3:50pm On Jul 14, 2024
WizardOfNG:
Your own thread and you can't even take time to read and understand what you posted.

Is it not obvious the issue was not about Dangote's refinery not being ready but specificallyto do with supply of crude?
They even gave a date of July 15. Promising, nothing will change it. grin grin grin grin
Re: Dangote Refinery Resolves Crude Supply Issues, To Roll Out Petrol In August by JagabanB: 3:51pm On Jul 14, 2024
iwaeda:
Why the lies, everyone involved in Project know this, but you can't continue to post us every month. Are you whining us. Nlfpmod, what is your take. cry cry cry cry cry cry cry
Do u realize same refinery is busy recruiting employees?
If it's not going to function or functioning, will they do that?
U folks should take a break, Iosiñg and an election shouldn't make u an enèmy of progress.
Re: Dangote Refinery Resolves Crude Supply Issues, To Roll Out Petrol In August by iwaeda(op): 4:01pm On Jul 14, 2024
JagabanB:
Do u realize same refinery is busy recruiting employees?
If it's not going to function or functioning, will they do that?
U folks should take a break, Iosiñg and an election shouldn't make u an enèmy of progress.
People have been working there for more than 5 years now, recruiting is not NEW, remembered it was commissioned by failure personalified called Buhari in 2023. grin grin grin grin grin
Re: Dangote Refinery Resolves Crude Supply Issues, To Roll Out Petrol In August by JagabanB: 4:04pm On Jul 14, 2024
iwaeda:
People have been working there for more than 5 years now, recruiting is not NEW, remembered it was commissioned by failure personalified called Buhari in 2023. grin grin grin grin grin
People are being recruited everyday even last week.
U folks have a probIem.
Re: Dangote Refinery Resolves Crude Supply Issues, To Roll Out Petrol In August by iwaeda(op): 4:06pm On Jul 14, 2024
JagabanB:
People are being recruited everyday even last week.
U folks have a probIem.
You must have been out of tune. grin grin grin grin grin
Re: Dangote Refinery Resolves Crude Supply Issues, To Roll Out Petrol In August by iwaeda(op): 4:07pm On Jul 14, 2024
Paraman:
Well, August is almost here
Date will still become September by August 15. angry cry cry
Re: Dangote Refinery Resolves Crude Supply Issues, To Roll Out Petrol In August by yarimo(m): 4:38pm On Jul 14, 2024
Bitter Obidients right now

Re: Dangote Refinery Resolves Crude Supply Issues, To Roll Out Petrol In August by GOFRONT(m): 5:03pm On Jul 14, 2024
Audio supply
Re: Dangote Refinery Resolves Crude Supply Issues, To Roll Out Petrol In August by WonderGod(m): 5:29pm On Jul 14, 2024
Exclusive101:
How Is that so when you and your Igbo tribesmen claim Dangote never built any refinery n later claim the refinery won't start production till 2060 ?

Is madness ravaging you people's head.

Re: Dangote Refinery Resolves Crude Supply Issues, To Roll Out Petrol In August by PARADIZEPRIEST: 5:47pm On Jul 14, 2024
Noise makers
Re: Dangote Refinery Resolves Crude Supply Issues, To Roll Out Petrol In August by iwaeda(op): 8:14pm On Jul 14, 2024
Exclusive101:
How Is that so when you and your Igbo tribesmen claim Dangote never built any refinery n later claim the refinery won't start production till 2060 ?

Is madness ravaging you people's head.
Enyin omo alileko gbogbo. Tribalism ti for opoloyin. I am not Igbo, but I am Igbomina, Kwara. May your brain open to truth and not be myopic. grin grin grin grin grin
Re: Dangote Refinery Resolves Crude Supply Issues, To Roll Out Petrol In August by iwaeda(op): 8:55pm On Jul 14, 2024
yarimo:
Bitter Obidients right now
grin grin grin
Re: Dangote Refinery Resolves Crude Supply Issues, To Roll Out Petrol In August by Lorayne(m): 9:57pm On Jul 14, 2024
Lol.... From June to July to August... E go soon reach next year
Re: Dangote Refinery Resolves Crude Supply Issues, To Roll Out Petrol In August by Emeskhalifa(m): 9:57pm On Jul 14, 2024
Nigerians are tired of all these games.
Re: Dangote Refinery Resolves Crude Supply Issues, To Roll Out Petrol In August by KingOfAllIgbos: 9:57pm On Jul 14, 2024
grin

I'm pro Tinubu.

But I can bet this isn't true.

Until it happens before I can take their word for it.
Re: Dangote Refinery Resolves Crude Supply Issues, To Roll Out Petrol In August by Newphil: 9:58pm On Jul 14, 2024
Okay
Re: Dangote Refinery Resolves Crude Supply Issues, To Roll Out Petrol In August by naijaguy1234(m): 9:58pm On Jul 14, 2024
Hopefully it’s not audio promise .
1 2 3 Reply

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