₦airaland Forum

malali:
Several refineries are scheduled to shut down in 2024 and 2025 as part of broader energy transitions:

1. Grangemouth Refinery in Scotland: This refinery, operated by Petroineos, is set to close in 2025, impacting 400 jobs. The site will be converted into a fuels import terminal due to economic challenges .
2. LyondellBasell’s Houston Refinery: Originally planned to shut down by the end of 2023, this refinery will now remain operational until the first quarter of 2025. The company plans to convert the site for sustainable operations in line with its circular economy goals .
3. Shell’s Wesseling Refinery in Germany: Shell will shut down its oil refining operations at the Wesseling site by 2025, transitioning it to chemical production. This move is aimed at reducing carbon emissions as part of Shell’s broader decarbonization strategy .

These closures reflect the shift toward sustainability and a reduction in carbon emissions in the refining sector.​

A lot of countries are closing down their refineries to reduce carbon emission and also because importing petrol is cheaper than refining it. I wonder why Nigerians think refining would be cheaper than importing. Unless we subsidize the crude oil

njelrapheal:
you talk like a child. does scotland have crude?

njelrapheal:
you talk like a child. does scotland have crude?

alcuin:
Every heard of the North Sea?

Yes, Scotland has lots of crude oil.

Some people come to the village square to display their ignorance........

Corporate2020:
Interesting things are happening worldwide. The Refinery in the report is not far from my house

alcuin:
Every heard of the North Sea?

Yes, Scotland has lots of crude oil.

malali:
Some people come to the village square to display their ignorance........

njelrapheal

njelrapheal:
are you kidding. something that is no longer economically viable.

i would love to get information on where that refinery sources its crude from. the major reason for diversifying was that it could no longer compete with other bigger players in other continents.

its not a climate change issues as one commenter above was insinuating.

njelrapheal:
you are the ignorant one. they clearly gave a reason for the shutdown but you are attributing it to shift in ideologies, CO2 emissions and all.

maybe you should explain how importing petrol and other allied products is cheaper for a country that produces crude oil locally.

malali:
Several refineries are scheduled to shut down in 2024 and 2025 as part of broader energy transitions:

1. Grangemouth Refinery in Scotland: This refinery, operated by Petroineos, is set to close in 2025, impacting 400 jobs. The site will be converted into a fuels import terminal due to economic challenges .
2. LyondellBasell’s Houston Refinery: Originally planned to shut down by the end of 2023, this refinery will now remain operational until the first quarter of 2025. The company plans to convert the site for sustainable operations in line with its circular economy goals .
3. Shell’s Wesseling Refinery in Germany: Shell will shut down its oil refining operations at the Wesseling site by 2025, transitioning it to chemical production. This move is aimed at reducing carbon emissions as part of Shell’s broader decarbonization strategy .

These closures reflect the shift toward sustainability and a reduction in carbon emissions in the refining sector.​

A lot of countries are closing down their refineries to reduce carbon emission and also because importing petrol is cheaper than refining it. I wonder why Nigerians think refining would be cheaper than importing. Unless we subsidize the crude oil

malali:
We produce cocoa, we import chocolate.
We produce cotton, we import textile
We produce rubber, we import tire
We produce palm kernel fruits, we import palm oil from malaysia and indonesia.

I dont think you have the mental capacity to grasp what was originally posted. There is a lot to be inferred but you have to have the mental capacity to think outside the box.

GerogeI:
Thanks for this question. Refining petrol is a way to add value to the primary export. But irrespective, Nigeria's problem is not petrol import, locol refining, inflation or high cost of living. These things are all consequences of a failed currency system. Nigeria's economic problems are primarily an overcentralised and internationally ineffective currency. With about 13000% devaluation over the last five decades, the currency is treated as the option for common masses, while elites and the Federal Government operate and make policies to covet USD. The last two regimes took it to new heights by using currency devaluation to bargain for new loans of USD.

This is not peculiar to Nigeria, but common among low IQ African countries, including Egypt in recent years. They place so much value on earning forex, and end up killing themselves economically. Only South Africa with their Dutch Europeans seems immune to the mental disease. How come USA and Europe are not struggling to earn forex, yet they are not selling a lot of manufactured exports. Both are net Importers?

If paper currency are subject to political and technological prowess which we do not have. The right thing to do is to switch to commodity currencies which are not subject to manipulation. Infact a default feature of commodity currency like gold is that they cause deflation, not inflation. Meaning an old piece of gold coin becomes more valuable with time, hence can buy more goods.

alcuin:
You asked if Scotland has crude. And I answered you. I don't understand where these plenty talk is coming from. Your question was not on "economic viability".

Faiththatworks:
This is what I call the Dangote Effect.
People underestimate how Africa was really supporting the economy of many European countries.
The Dangote Refinery has succeeded in shutting down demand for almost 40 million litres of PMS,5 million liters of Diesel and 5 million litres of Aviation fuel used daily in Nigeria.
When you add the demand likely to come from other West African countries you will understand why the Europeans will be never want Africa to develop.
We feed them with the Crude oil they need at very cheap prices and buy back the refined products at very expensive prices.
God bless Alhaji Dangote for liberating West Africa from the hands of these parasitic Colonial economic parasite.
Crude oil will still be in existence for another 50 years,if in doubt,even Kamala Harris has changed her position on fracking in the Us.
She has abandoned her green deal and is now favoring America producing more crude oil with fracking.
God bless Nigeria.

Corporate2020:
Interesting things are happening worldwide. The Refinery in the report is not far from my house

Corporate2020:
Interesting things are happening worldwide. The Refinery in the report is not far from my house

njelrapheal:
you talk like a child. does scotland have crude?

alcuin:
You asked if Scotland has crude. And I answered you. I don't understand where these plenty talk is coming from. Your question was not on "economic viability".