₦airaland Forum

Welcome, Guest: RegisterLoginWith GoogleTrendingRecentNew

Stats: 3,328,808 members, 8,437,510 topics. Date: Wednesday, 01 July 2026 at 11:45 PM

Toggle theme

Oil Companies Projected To Supply Dangote Refinery, Others 597,700 BPD Of Crude - Politics (2) - Nairaland

Nairaland ForumNairaland GeneralPoliticsOil Companies Projected To Supply Dangote Refinery, Others 597,700 BPD Of Crude (12979 Views)

1 2 3 Reply (Go Down)

Re: Oil Companies Projected To Supply Dangote Refinery, Others 597,700 BPD Of Crude by AntiChristian: 9:07pm On Aug 12, 2024
May Allah help us!

cool
Re: Oil Companies Projected To Supply Dangote Refinery, Others 597,700 BPD Of Crude by portacabin: 9:08pm On Aug 12, 2024
Faiththatworks:
I'm always amazed anytime I read negative stories about Dangote Refinery.
What I read online is totally different from the real situation on ground.
I can saw with all boldness that the Refinery is pumping out millions of litres of Diesel and Aviation fuel everyday.
Just last week Friday,I decided to take a trip from Ajah through epe to Ijebu-ode so I could link the Lagos-ibadan expressway,and what I saw was mind buggling.
I saw a line of more than 400 trailers queueing from the second toll gate at Ijebu-ode.
They were waiting for their turns to load these petroleum products,I was informed the Trailer park in the Refinery was filled with tankers and the trucks had to look for a place to park.
I daresay people in Ajah don't know what's happening in the Dangote Refinery axis cos the tankers don't go through the Lekki-Epe expressway to pick up fuel.
Only very ignorant people will believe all these negative propaganda against the Refinery,work is ramping up around that axis.
My own concern is the opportunities that axis presents for discerning Investors.
A piece of real estate on that corridor will be worth 3 to 4 times in the next few years.
Visit my signature now for how to invest in real estate on that axis now.
God bless Nigeria.
I visited the site in 2016 and was shocked at the volume of work going on at the fertilizer plant site. A return visit in 2019 and 2021 left me dumbfounded
Re: Oil Companies Projected To Supply Dangote Refinery, Others 597,700 BPD Of Crude by Blakjewelry(m): 9:17pm On Aug 12, 2024
REDshouse:
Even if they supply dangote all needed crude for his refinery it will never reduce the price of fuel ... Ask dangote cement and flour ... No matter what it will always go higher after monopolizing the market ... I won't cry for any dangote ... Let him hustle his way out ...
There is no he is going to sell cheap except the price dollar comes down. You don't expect him to buy at international rate and sell below international rate. The only benefit is reduced cost due to the fact you won't incur shipping and other fee at the port.

The other option is for government to sell the crude at a cheaper to him which is not a good idea because he is definitely go to export some of the products and if he exports the product he got at a subsidized rate, it big win for him.

The major reason we are supporting it ,is it importance and effect it will have on the economy
Re: Oil Companies Projected To Supply Dangote Refinery, Others 597,700 BPD Of Crude by AngelicBeing: 9:38pm On Aug 12, 2024
Faiththatworks:
I'm always amazed anytime I read negative stories about Dangote Refinery.
What I read online is totally different from the real situation on ground.
I can saw with all boldness that the Refinery is pumping out millions of litres of Diesel and Aviation fuel everyday.
Just last week Friday,I decided to take a trip from Ajah through epe to Ijebu-ode so I could link the Lagos-ibadan expressway,and what I saw was mind buggling.
I saw a line of more than 400 trailers queueing from the second toll gate at Ijebu-ode.
They were waiting for their turns to load these petroleum products,I was informed the Trailer park in the Refinery was filled with tankers and the trucks had to look for a place to park.
I daresay people in Ajah don't know what's happening in the Dangote Refinery axis cos the tankers don't go through the Lekki-Epe expressway to pick up fuel.
Only very ignorant people will believe all these negative propaganda against the Refinery,work is ramping up around that axis.
My own concern is the opportunities that axis presents for discerning Investors.
A piece of real estate on that corridor will be worth 3 to 4 times in the next few years.
Visit my signature now for how to invest in real estate on that axis now.
God bless Nigeria.
cool
Re: Oil Companies Projected To Supply Dangote Refinery, Others 597,700 BPD Of Crude by ceejayluv(m): 10:07pm On Aug 12, 2024
REDshouse:
Even if they supply dangote all needed crude for his refinery it will never reduce the price of fuel ... Ask dangote cement and flour ... No matter what it will always go higher after monopolizing the market ... I won't cry for any dangote ... Let him hustle his way out ...
If we can refine 100 percent of fuel locally, it'll reduce pressure on Naira. At least we'd have solved one issue, then we can tackle others like power
Re: Oil Companies Projected To Supply Dangote Refinery, Others 597,700 BPD Of Crude by highness25(m): 10:23pm On Aug 12, 2024
Ikaeniyan0:
Oil companies projected to supply Dangote refinery, others 597,700 bpd of crude oil in the next five months





https://nairametrics.com/2024/08/12/oil-companies-projected-to-supply-dangote-refinery-others-597700-bpd-of-crude-oil-in-the-next-five-months/
Are we not tired of hearing about this refinery? Everyday the same news, nothing tangible
Re: Oil Companies Projected To Supply Dangote Refinery, Others 597,700 BPD Of Crude by Alwayshungry: 10:24pm On Aug 12, 2024
These guys are not just sincere..
Break down to oil production using one asset. EXXONMOBIL.

1.ERHA... 120 KBD.
2.USAN... 140 KBD.
3.UBIT.... 60 KBD.
4.YOHO.... 100 KBD.
5.EDOP.... 70 KBD
6.USARI.... 70KBD
7.ASABO.. 14 KBD.
8.INIM AND ETIM.... 20 KBD.
9.OSO.. 70 KBD.
10.EAP... 50 KBD

TOTAL.. 710,000 BARRELS PER DAY.
This is taken out of the ground everyday.
and dis is only one asset.

But they say no crude oil for dangote.
Re: Oil Companies Projected To Supply Dangote Refinery, Others 597,700 BPD Of Crude by chinex11(m): 10:32pm On Aug 12, 2024
Sheuns:
Processing of crude oil means refining it to other usable fuels like petrol, diesel, aviation fuel. Crude oil is extracted from the ground. It’s a natural occurring mineral.
there is a pre processing after extraction where dirty, water and other impurities are removed, then in most cases some additives are added. This now makes it the proper crude oil. Further processing (fractional distillation) of this new produced crude is what now brings about the different petroleum products
Re: Oil Companies Projected To Supply Dangote Refinery, Others 597,700 BPD Of Crude by Stayingalive: 10:39pm On Aug 12, 2024
Faiththatworks:
I'm always amazed anytime I read negative stories about Dangote Refinery.
What I read online is totally different from the real situation on ground.
I can saw with all boldness that the Refinery is pumping out millions of litres of Diesel and Aviation fuel everyday.
Just last week Friday,I decided to take a trip from Ajah through epe to Ijebu-ode so I could link the Lagos-ibadan expressway,and what I saw was mind buggling.
I saw a line of more than 400 trailers queueing from the second toll gate at Ijebu-ode.
They were waiting for their turns to load these petroleum products,I was informed the Trailer park in the Refinery was filled with tankers and the trucks had to look for a place to park.
I daresay people in Ajah don't know what's happening in the Dangote Refinery axis cos the tankers don't go through the Lekki-Epe expressway to pick up fuel.
Only very ignorant people will believe all these negative propaganda against the Refinery,work is ramping up around that axis.
My own concern is the opportunities that axis presents for discerning Investors.
A piece of real estate on that corridor will be worth 3 to 4 times in the next few years.
Visit my signature now for how to invest in real estate on that axis now.
God bless Nigeria.
Paid post, get out
Re: Oil Companies Projected To Supply Dangote Refinery, Others 597,700 BPD Of Crude by lexy2014: 11:58pm On Aug 12, 2024
Salewa97:
Good

The more local refineries we have, the better for the Nigeria oil sector
.. how many local refineries did u have before?
Re: Oil Companies Projected To Supply Dangote Refinery, Others 597,700 BPD Of Crude by Originalsly: 1:26am On Aug 13, 2024
REDshouse:
Even if they supply dangote all needed crude for his refinery it will never reduce the price of fuel ... Ask dangote cement and flour ... No matter what it will always go higher after monopolizing the market ... I won't cry for any dangote ... Let him hustle his way out ...
Is Dangote cement the only cement on the market? Is Dangote flour the only flour on the market? If no then how does he have a monopoly on cement ... on flour ... and will have a monopoly on oil products? Do you even know what it means to monopolize the market? Too many of us seem to be programmed ... Dangote must be preceded by Billionaire/Africa's richest man ..... or followed by monopoly. Ask to explain we go mute
Re: Oil Companies Projected To Supply Dangote Refinery, Others 597,700 BPD Of Crude by Altern8tor: 3:41am On Aug 13, 2024
REDshouse:
Even if they supply dangote all needed crude for his refinery it will never reduce the price of fuel ... Ask dangote cement and flour ... No matter what it will always go higher after monopolizing the market ... I won't cry for any dangote ... Let him hustle his way out ...
U clearly didn't read... D post says there are 8 refineries in Nigeria currently needing crude oil... Dangote cannot monopolise d market
Re: Oil Companies Projected To Supply Dangote Refinery, Others 597,700 BPD Of Crude by Ykc2(m): 4:01am On Aug 13, 2024
Faiththatworks:
I'm always amazed anytime I read negative stories about Dangote Refinery.
What I read online is totally different from the real situation on ground.
I can saw with all boldness that the Refinery is pumping out millions of litres of Diesel and Aviation fuel everyday.
Just last week Friday,I decided to take a trip from Ajah through epe to Ijebu-ode so I could link the Lagos-ibadan expressway,and what I saw was mind buggling.
I saw a line of more than 400 trailers queueing from the second toll gate at Ijebu-ode.
They were waiting for their turns to load these petroleum products,I was informed the Trailer park in the Refinery was filled with tankers and the trucks had to look for a place to park.
I daresay people in Ajah don't know what's happening in the Dangote Refinery axis cos the tankers don't go through the Lekki-Epe expressway to pick up fuel.
Only very ignorant people will believe all these negative propaganda against the Refinery,work is ramping up around that axis.
My own concern is the opportunities that axis presents for discerning Investors.
A piece of real estate on that corridor will be worth 3 to 4 times in the next few years.
Visit my signature now for how to invest in real estate on that axis now.
God bless Nigeria.
now you come your concern is land your an omonile
Re: Oil Companies Projected To Supply Dangote Refinery, Others 597,700 BPD Of Crude by loswhite(m): 5:03am On Aug 13, 2024
REDshouse:
Even if they supply dangote all needed crude for his refinery it will never reduce the price of fuel ... Ask dangote cement and flour ... No matter what it will always go higher after monopolizing the market ... I won't cry for any dangote ... Let him hustle his way out ...
shut up. They should import fuel for you so the price will be reduced
Re: Oil Companies Projected To Supply Dangote Refinery, Others 597,700 BPD Of Crude by loswhite(m): 5:06am On Aug 13, 2024
Max24:
I don't trust Dangote to favour the masses. His foray into cement is a point of reference. I won't be surprised if fuel doubles by the time Dangote is given a giant share of the market. How much is cement now ?
But you trust the politicians to favor the masses…lol. You trust fuel importers to favor the masses. Citizens with no head
Re: Oil Companies Projected To Supply Dangote Refinery, Others 597,700 BPD Of Crude by Max24: 5:43am On Aug 13, 2024
loswhite:
But you trust the politicians to favor the masses…lol. You trust fuel importers to favor the masses. Citizens with no head
Some of you don't learn from experience. Does it mean you don't read history even if you are too young then? Do you know the history of cement in Nigeria? Please go and do research. Dangote was literarily handed the
Nigerian cement Industry in Nigeria with the hope of having cheaper cement compared to imported ones. He spearheaded the ban on imported cement. At least most of its components are found in Nigeria. What did he do with it? Are we enjoying the cheap cement? And then you think capitalist businessmen care about the masses and are better than politicians grin . You are either mischievous or naive. Oga, no difference. For now Nigerians can't afford high cost of fuel. Dangotes fuel will end up being more expensive than imported fuel from . Later when it happens you then start abusing Tinubu. You better use your sense before Dangote uses it for you.
Re: Oil Companies Projected To Supply Dangote Refinery, Others 597,700 BPD Of Crude by COMPAQ(m): 5:58am On Aug 13, 2024
Faiththatworks:
I'm always amazed anytime I read negative stories about Dangote Refinery.
What I read online is totally different from the real situation on ground.
I can saw with all boldness that the Refinery is pumping out millions of litres of Diesel and Aviation fuel everyday.
Just last week Friday,I decided to take a trip from Ajah through epe to Ijebu-ode so I could link the Lagos-ibadan expressway,and what I saw was mind buggling.
I saw a line of more than 400 trailers queueing from the second toll gate at Ijebu-ode.
They were waiting for their turns to load these petroleum products,I was informed the Trailer park in the Refinery was filled with tankers and the trucks had to look for a place to park.
I daresay people in Ajah don't know what's happening in the Dangote Refinery axis cos the tankers don't go through the Lekki-Epe expressway to pick up fuel.
Only very ignorant people will believe all these negative propaganda against the Refinery,work is ramping up around that axis.
My own concern is the opportunities that axis presents for discerning Investors.
A piece of real estate on that corridor will be worth 3 to 4 times in the next few years.
Visit my signature now for how to invest in real estate on that axis now.
God bless Nigeria.
So all this your long post is too facilitate sale of your real estate. Not sure f why I want to be living within 10km of a refinery and chemical plant. When cancer starts in old age, one will be looking for the cause.
Re: Oil Companies Projected To Supply Dangote Refinery, Others 597,700 BPD Of Crude by Max24:
zikter:
Please, how much are other cements prices compared to Dangote cement? Why are the others not cheap? I need education on this please. There are many variables that drive production cost, chief among them is energy. When your government took the dollar sky high and the cost of diesel doubled, what do you think will happen? Most time people unfairly target Dangote. At least he is not the only one in that market. What happened to all the noise Bua made about cement price reduction months ago,? It is simply not feasible. At least, Dangote is investing in Nigeria and creating employment. How many of the people in government including Tinubu have invested here? People will just be shouting Dangote monopoly. Why don't you build a refinery yourself?
You seem not to understand the concept of interest. Dangote and Tinubu don't have the same interest when it comes to fuel. While Tinubu might not be a saint he has the political obligation to control the price of fuel or else he would be put under pressure by the masses like some tried to do with the protest. Dangote on the other hand as a full-fledged capitalist has no such obligation to consider the masses. His interest is maximum profit possible and I don't blame him. And don't be deceived by the seeming public fight between Dangote and Bua about prices. It might all be a ruse. Do you know what they call cabal in business and their theatrics? Nigerians need to be smarter than this. Are you 100% sure that Dangote and BUA are not working hand in glove ? Are they not both northerners? Dey play ! For me, I voted Tinubu to control the price of cement and fuel. If Dangote can maintain current fuel prices I don't have problem with him. But I doubt he will. I would be shocked if he doesn't double or triple prices in few years time if given a free hand to control Nigerias fuel. The way they handled cement, a commodity that is 80% sourced in Nigeria, is still fresh in my mind
Re: Oil Companies Projected To Supply Dangote Refinery, Others 597,700 BPD Of Crude by Kanixt(m): 6:46am On Aug 13, 2024
REDshouse:
Even if they supply dangote all needed crude for his refinery it will never reduce the price of fuel ... Ask dangote cement and flour ... No matter what it will always go higher after monopolizing the market ... I won't cry for any dangote ... Let him hustle his way out ...
Are they supplying for free?
However, it depends on how much NNPCL sales crude to Dangote
Re: Oil Companies Projected To Supply Dangote Refinery, Others 597,700 BPD Of Crude by johnjose68: 7:03am On Aug 13, 2024
Faiththatworks:
I'm always amazed anytime I read negative stories about Dangote Refinery.
What I read online is totally different from the real situation on ground.
I can saw with all boldness that the Refinery is pumping out millions of litres of Diesel and Aviation fuel everyday.
Just last week Friday,I decided to take a trip from Ajah through epe to Ijebu-ode so I could link the Lagos-ibadan expressway,and what I saw was mind buggling.
I saw a line of more than 400 trailers queueing from the second toll gate at Ijebu-ode.
They were waiting for their turns to load these petroleum products,I was informed the Trailer park in the Refinery was filled with tankers and the trucks had to look for a place to park.
I daresay people in Ajah don't know what's happening in the Dangote Refinery axis cos the tankers don't go through the Lekki-Epe expressway to pick up fuel.
Only very ignorant people will believe all these negative propaganda against the Refinery,work is ramping up around that axis.
My own concern is the opportunities that axis presents for discerning Investors.
A piece of real estate on that corridor will be worth 3 to 4 times in the next few years.
Visit my signature now for how to invest in real estate on that axis now.
God bless Nigeria.
The negative news come from one tribe. The rejected jew led by the man that gets his ideas from mad men whose fans are headless mob.

It is understandable, the pain of loss.

But nobody takes them serious.

cc Racoon, Mrvitalis
Re: Oil Companies Projected To Supply Dangote Refinery, Others 597,700 BPD Of Crude by zikter(m): 7:07am On Aug 13, 2024
Max24:
You seem not to understand the concept of interest. Dangote and Tinubu don't have the same interest when it comes to fuel. While Tinubu might not be a saint he has the political obligation to control the price of fuel or else he would be put under pressure by the masses like some tried to do with the protest. Dangote on the other hand as a full-fledged capitalist has no such obligation to consider the masses. His interest is maximum profit possible and I don't blame him. And don't be deceived by the seeming public fight between Dangote and Bua about prices. It might all be a ruse. Do you know what they call cabal in business and their theatrics? Nigerians need to be smarter than this. Are you 100% sure that Dangote and BUA are not working hand in glove ? Are they not both northerners? Dey play ! For me, I voted Tinubu to control the price of cement and fuel. If Dangote can maintain current fuel prices I don't have problem with him. But I doubt he will. I would be shocked if he doesn't double or triple prices in few years time if given a free hand to control Nigerias fuel. The way they handled cement, a commodity that is 80% sourced in Nigeria, is still fresh in my mind
Please which local commodity that is 100% locally sourced did not double or triple in price during Tinubu regime? How much was a bag of rice, a tuber of yam etc prior to Tinubu administration? I am never convinced about monopoly shouts from different quarters. Your analysis between Bus and Dangote remains another conspiracy theory at best. I mentioned the cost of energy as a key drive to products cost. I work in manufacturing too. When Tinubu floated the naira and the exchange rate increase, the cost of diesel went further up. It means, if a truct was transporting cement to a location at 50k before, it now 80k or more. So why should the price of cement for example, not go up. The beverage I produce is more than double the initial price. Is Dangote or Bua or the northernals as you are trying to portray them, producing Coke, fanta or pepsi? Have the prices of those not more than double during Tinubu time. Why are you not calling those companies out like you do Dangote?

Look, we are running a free market economy, anyone is free to set up companies and set their prices, then compete for the market. Dangote was producing noodles before, did he survive the market? He ended up selling that line to indomie who are the market leaders. Did anyone accuse indomie of monopoly? No, then why? We all know that, there are politicians who don't want the status quo to change in the oil sector. Tell me why they are insistent on importation of fuel when we now have the capacity to refine it locally? In this very report, it was mentioned that, 8 refineries are ready to work, Dangote has only one out of the eight. So, where is the so much voiced monopoly? At least the Benin refinery cried out this week about crude shortage too.

By the way, you said Tinubu job is to control prices, kindly tell him hid policies are rather killing us with high prices. He is not doing his job
Re: Oil Companies Projected To Supply Dangote Refinery, Others 597,700 BPD Of Crude by loswhite(m): 7:54am On Aug 13, 2024
Max24:
Some of you don't learn from experience. Does it mean you don't read history even if you are too young then? Do you know the history of cement in Nigeria? Please go and do research. Dangote was literarily handed the
Nigerian cement Industry in Nigeria with the hope of having cheaper cement compared to imported ones. He spearheaded the ban on imported cement. At least most of its components are found in Nigeria. What did he do with it? Are we enjoying the cheap cement? And then you think capitalist businessmen care about the masses and are better than politicians grin . You are either mischievous or naive. Oga, no difference. For now Nigerians can't afford high cost of fuel. Dangotes fuel will end up being more expensive than imported fuel from . Later when it happens you then start abusing Tinubu. You better use your sense before Dangote uses it for you.
Person when no get sense Dey tell person to use sense. Enjoy your imported fuel
Re: Oil Companies Projected To Supply Dangote Refinery, Others 597,700 BPD Of Crude by loswhite(m): 7:56am On Aug 13, 2024
zikter:
Please which local commodity that is 100% locally sourced did not double or triple in price during Tinubu regime? How much was a bag of rice, a tuber of yam etc prior to Tinubu administration? I am never convinced about monopoly shouts from different quarters. Your analysis between Bus and Dangote remains another conspiracy theory at best. I mentioned the cost of energy as a key drive to products cost. I work in manufacturing too. When Tinubu floated the naira and the exchange rate increase, the cost of diesel went further up. It means, if a truct was transporting cement to a location at 50k before, it now 80k or more. So why should the price of cement for example, not go up. The beverage I produce is more than double the initial price. Is Dangote or Bua or the northernals as you are trying to portray them, producing Coke, fanta or pepsi? Have the prices of those not more than double during Tinubu time. Why are you not calling those companies out like you do Dangote?

Look, we are running a free market economy, anyone is free to set up companies and set their prices, then compete for the market. Dangote was producing noodles before, did he survive the market? He ended up selling that line to indomie who are the market leaders. Did anyone accuse indomie of monopoly? No, then why? We all know that, there are politicians who don't want the status quo to change in the oil sector. Tell me why they are insistent on importation of fuel when we now have the capacity to refine it locally? In this very report, it was mentioned that, 8 refineries are ready to work, Dangote has only one out of the eight. So, where is the so much voiced monopoly? At least the Benin refinery cried out this week about crude shortage too.

By the way, you said Tinubu job is to control prices, kindly tell him hid policies are rather killing us with high prices. He is not doing his job
Why waste your time on that senseless idiot. If NNPCL fixed our refineries by now where will the monopoly come from?
Re: Oil Companies Projected To Supply Dangote Refinery, Others 597,700 BPD Of Crude by REDshouse(m): 8:22am On Aug 13, 2024
Kanixt:
Are they supplying for free?
However, it depends on how much NNPCL sales crude to Dangote
How much free is he getting limestone for him to be selling at 8k
Re: Oil Companies Projected To Supply Dangote Refinery, Others 597,700 BPD Of Crude by REDshouse(m): 8:25am On Aug 13, 2024
loswhite:
shut up. They should import fuel for you so the price will be reduced
It's non of my biz wherever they can get the fuel, as far as it's cheaper and affordable...no wahala..

Dangote monopolizing of economy has killed so many other micro companies
Re: Oil Companies Projected To Supply Dangote Refinery, Others 597,700 BPD Of Crude by REDshouse(m): 8:26am On Aug 13, 2024
Altern8tor:
U clearly didn't read... D post says there are 8 refineries in Nigeria currently needing crude oil... Dangote cannot monopolise d market
Then why is it only Dangote crying up and down like new born baby
1 2 3 Reply

Dangote Refinery Agrees To Buy 300,000 BPD Of Crude For 20 Years From NNPCTinubu Projected To Win APC Presidential Primaries - The CableDangote Refinery, Others Threaten Existing Plants – OPEC234

SWDC: Senate Approves Bill Creating South West Development CommissionObi: In 2 Years, Tinubu Borrowed More Money Than 3 Presidents CombinedDear Ikwerres & Ikas