Dangote Refinery Reaches Full 650,000 BPD Capacity, Sets Global Benchmark - Politics - Nairaland
Nairaland Forum › Nairaland General › Politics › Dangote Refinery Reaches Full 650,000 BPD Capacity, Sets Global Benchmark (6414 Views)
| Dangote Refinery Reaches Full 650,000 BPD Capacity, Sets Global Benchmark by Estello(op): 9:38am On Feb 12 |
Dangote, Africa’s largest oil refinery has achieved a significant operational breakthrough as its Crude Distillation Unit (CDU) and Motor Spirit (MS) production block now operate at full nameplate capacity of 650,000 barrels per day—a first for any refinery worldwide.https://applesbite.com/dangote-refinery-reaches-full-650000-bpd-capacity-sets-global-benchmark/
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| Re: Dangote Refinery Reaches Full 650,000 BPD Capacity, Sets Global Benchmark by DeltaBachelor(m): 9:45am On Feb 12 |
Nice one from Dangote. It is not easy |
| Re: Dangote Refinery Reaches Full 650,000 BPD Capacity, Sets Global Benchmark by Judolisco(m): 9:46am On Feb 12 |
Nigerians are d strongest people on earth... Petrol prices increased from 250 to almost 840 now and everybody is going about their normal business... Congrats to dangote |
| Re: Dangote Refinery Reaches Full 650,000 BPD Capacity, Sets Global Benchmark by celestialAgent(m): 9:46am On Feb 12 |
Buhari and Emefiele did this one, no doubt. It is rather sad how Tinubu has failed to help Nigerians avail the benefit for convenience living. |
| Re: Dangote Refinery Reaches Full 650,000 BPD Capacity, Sets Global Benchmark by Gotocourt: 9:47am On Feb 12 |
The only original Billionaire wey no dey make noise. I envy your endeavors 🙏🙌 |
| Re: Dangote Refinery Reaches Full 650,000 BPD Capacity, Sets Global Benchmark by Mathewrichard99: 9:47am On Feb 12 |
That's a great quantum leap. Kudos to Dangote but still bring down your petrol price. Most Nigerians would appreciate that a lot..... |
| Re: Dangote Refinery Reaches Full 650,000 BPD Capacity, Sets Global Benchmark by KingGBsky(m): 9:49am On Feb 12 |
Dangote should not be given the full right to sell PMS fuel, diesel and gas to Nigerians because he will monopolize it and finish Nigerians with high prize. Look at what he has done to the cement factory, he monopolized it and made sure the price remained increased above #10,000 in various states. CEO of BUA cement tried to step in and reduce cement to about #3500 nationwide but Dangote fought him to make sure the price remain the same. How do they expect the common man to build a house with this kind of evil business men running the economy as if it belongs to them. |
| Re: Dangote Refinery Reaches Full 650,000 BPD Capacity, Sets Global Benchmark by nairalanda1(m): 9:52am On Feb 12 |
Judolisco:When petrol prices were low...we were paying for them with more debt and even more debt. And the loss of 4 refinereis. I am not here to defend tinubu. I think that subsidy should have gone since 2012, and with hindsight since 1993. I have been supporting subsidy removal since 2011. |
| Re: Dangote Refinery Reaches Full 650,000 BPD Capacity, Sets Global Benchmark by richiemcgold: 9:54am On Feb 12 |
I remember the refinery is also designed to produce both plastic-making materials and fertilizer. How about it? |
| Re: Dangote Refinery Reaches Full 650,000 BPD Capacity, Sets Global Benchmark by nairalanda1(m): 9:54am On Feb 12 |
celestialAgent:1. The original deal to build dangote refinery was signed in 2013, and the GEJ admin helped secure the inital loans for the project. 2.Emefiele did also provide continuing loans to keep the project running though. 3. You guys are not having a good life because you want governments that share money to you...like Tinubu. You don;t want productive leaders...or leaders who will make the nation less dependent on oyel |
| Re: Dangote Refinery Reaches Full 650,000 BPD Capacity, Sets Global Benchmark by Ossy99(m): 9:54am On Feb 12 |
It's a great win for Dangote and Nigeria in both local and international space. We need more positive news like this concerning our great country Nigeria and her citizens. |
| Re: Dangote Refinery Reaches Full 650,000 BPD Capacity, Sets Global Benchmark by KingGBsky(m): 9:55am On Feb 12 |
nairalanda1:What is the benefit of subsidy removal to you and your family? |
| Re: Dangote Refinery Reaches Full 650,000 BPD Capacity, Sets Global Benchmark by Mathewrichard99: 9:55am On Feb 12 |
Because Nigerians are logical people. They know that the old price was subsidized which leads to lots of borrowing by the government to maintain the subsidy regime and sadly, it's the same politicians and their cohorts that benefits from the subsidy at the detriment of the citizens and the nation at large....... Judolisco: |
| Re: Dangote Refinery Reaches Full 650,000 BPD Capacity, Sets Global Benchmark by Emeskhalifa(m): 9:55am On Feb 12 |
He keeps gunning for the top, keeps adding value to himself. That's exactly what every human should do, keep being a better version of yourself in all ramifications. Stop hating, focus on being better than you were yesterday, last week, last month, a year ago, 10 years ago. |
| Re: Dangote Refinery Reaches Full 650,000 BPD Capacity, Sets Global Benchmark by MOTIONTECH(m): 9:58am On Feb 12 |
Judolisco:Lets stop praising this nonsense, Nigerians are one of the most traumatized people in the world, with hyper inflation and so many other issues. |
| Re: Dangote Refinery Reaches Full 650,000 BPD Capacity, Sets Global Benchmark by Mandate1: 9:59am On Feb 12 |
nairalanda1:una go just open mouth dey talk waaaa. Is Nigeria the only country with fuel and subsidising it? So subsidy killed our local refineries? Would you have said same if a northerner was the president? Nigeria produces more fuel than UK, but the price of fuel in Nigeria is more expensive than UK. Please explain this to a kid. |
| Re: Dangote Refinery Reaches Full 650,000 BPD Capacity, Sets Global Benchmark by keemsleek(m): 9:59am On Feb 12 |
nairalanda1:All those depot guys became billionaires through subsidy. They were just eating the money alone, e no touch workers. As sale manager I go just dey see figures dey vex. Those fucking dpr guys were balling, npa, navy, customs and nupeng. Imagine nupeng chairman of one branch having over 10trucks. If you not in the system you won't know the damage susbsidey and pef were doing. |
| Re: Dangote Refinery Reaches Full 650,000 BPD Capacity, Sets Global Benchmark by nairalanda1(m): 10:00am On Feb 12 |
KingGBsky:LOL, you are asking the wrong question. Because you are programmed to think that subsidy removal supporters automatically support government. And I am not going to answer you because you are saying I am a tinubu supporter without saying 'He is a tinubu supporter'. GO and read about why consumption subsides are damaging to a nation;s economy, especially when the country is not taxing enough of its gdp, and why GEJ was so determined to remove subsidy in 2011. (Basically rising oil prices meant rising subsidy costs meant no money for budgeting and more borrowing to fill holes in the budget.). Good morning. If you call me tinubu supporter again...abeg vamoose. ![]() |
| Re: Dangote Refinery Reaches Full 650,000 BPD Capacity, Sets Global Benchmark by erad(m): 10:03am On Feb 12 |
Judolisco:What are they supposed to do instead? |
| Re: Dangote Refinery Reaches Full 650,000 BPD Capacity, Sets Global Benchmark by nairalanda1(m): 10:06am On Feb 12 |
Mandate1:Here is how subsidy killed our refineries. Petrol has a cost price. When the cost price is below the production price, government pays a subsidy to prevent the sector from going down the drain due to losses. The problem is, subsidy payments do not guarantee the sector makes enough of a profit to fix and upgrade refineries on a consistent basis over the years. Also, from the Nigerian persepctive, we tax too little of our gdp, and most of our earnings comes from oyel...whose prices are not where we want them to be all the time. (right now, if we want to pay subsides AND have working refineries, oil has to cost 150 dollars or more at the international market per barrel). So, over the years, subsidy costs have risen, and government can't keep up. That means lower money for refineries to conduct upgrades. From 1994, Nigeria was skipping TAM maintenance until the refineries became a wreck, that any recent TAM was just painting a shipwreck and pretending it was a working vessel. Add corruption, and so forth, here we are in 2026 with four damaged refineries. Ghana does not subsidze fuel, and has sold fuel at a profit for decades, and as a result, it has working refineries. Same for Niger republic. |
| Re: Dangote Refinery Reaches Full 650,000 BPD Capacity, Sets Global Benchmark by YeyeGbami: 10:06am On Feb 12 |
Congrats Alhaji, we support you 100% |
| Re: Dangote Refinery Reaches Full 650,000 BPD Capacity, Sets Global Benchmark by ojesymsym: 10:06am On Feb 12 |
I remember those emergency lovers of Nigeria who were calling Dangotte refinery a scam. Ony hyundai guy claimed that he had info that Dangotte was importing Diesel to sell as if it was from his refinery. How can I also forget those ones that always had a brother's friend who works there that said the place will never work till 2035... Nothing wen we non hear that time. Then when it looked as if Dangotte and the then NNPCltd GCMD were at loggerheads, they switched their allegiance to Dangotte, thinking that Dangotte and Tinubu were the ones fighting. As soon as they realized it was not Tinubu and Dangotte fighting, they took sides with PENGASIN, claiming that Dangotte wanted to become a monopoly. But today, Dangotte refinery has now started producing to its installed capacity. This is how we got here today. |
| Re: Dangote Refinery Reaches Full 650,000 BPD Capacity, Sets Global Benchmark by ojesymsym: 10:08am On Feb 12 |
Why do you keep explaining the same thing over and over to people who are hard of learning? Do they look like people who really do not understand? They only want to be pessimist. nairalanda1: |
| Re: Dangote Refinery Reaches Full 650,000 BPD Capacity, Sets Global Benchmark by Queseda: 10:10am On Feb 12 |
nairalanda1:This pseudo-intellectual is here again. Funny how you praise GEJ for “being determined to remove subsidy” but never give credit to the Tinubu who actually manned up and removed it, hypocrite. GEJ can’t remove subsidy and still be setting prices, that amounts to merely reducing the amount paid on the subsidy |
| Re: Dangote Refinery Reaches Full 650,000 BPD Capacity, Sets Global Benchmark by nairalanda1(m): 10:11am On Feb 12 |
ojesymsym:I also remember one Tinubu refusing to support subsidy removal in 2012, and joining hands with buhari to lie to Nigerians that subsidy removal was not in our benefit. The result was instead of having dangote and four or more refineries working today, we just have dangote. We could have even saved our NNPC refineries. Already the then GEJ government had attracted investment for three new greenfield refineries in 2010. But all that was predicated on subsidy going so that any investment in refining would make sense. And then the Buhari you supported not only kept subsidy, but borrowed massively, even borrowed tomorrow's money, to pay for it, instead of removing it. You guys were telling us he was helping Nigerians. He was just keeping us in more debt. And tinubu was there backing him Even the subsidy removal tinubu did was forced on him by the massive debt. I no like gej, na corrupt man. And it is his fault that he did not remove subsidy in 2012, especially when he saw how bad it was crippling our economy. But your heroes did not help with their lies either. |
| Re: Dangote Refinery Reaches Full 650,000 BPD Capacity, Sets Global Benchmark by nairalanda1(m): 10:13am On Feb 12 |
Queseda:Tinubu was forced to do it because our debt was out of control,and no lender was going to give us any more money. And it was as a result of a policy he supported in 2012 to get into power. And GEJ , as I have said many times, is still at fault for not removing subsidy. He should have told the protesters to sit down and keep shut in 2012. But he loved power more than sane decisions. |
| Re: Dangote Refinery Reaches Full 650,000 BPD Capacity, Sets Global Benchmark by dederocs(m): 10:14am On Feb 12*. Modified: 11:13am On Feb 12 |
Federal government work with Dangote refinery, give him tax concessions so that he can sell cheap to Nigerians. We need to stop importing PMS so our naira value rise. When we stop importing PMS, demand for dollars reduces drastically, this MUST increase the value of naira. It's simple balance of payments in economics. I wonder why we are daft, we know what to do we don't do it. A valuable naira will give us the best value from our efforts and value/resources, if our naira is strong, we will make much more money from exports, this is the way to true prosperity and wealth for a people. Value in your human resources, natural resources and capital resources. I expect Tinubu to make strengthening the naira a top economic policy, it's possible by refining at least 70% of our crude in refineries across Nigeria, private refineries...the value chain will be tremendous. A strong naira means our crude will be worth much more. |
| Re: Dangote Refinery Reaches Full 650,000 BPD Capacity, Sets Global Benchmark by SonofElElyonRet: 10:18am On Feb 12 |
Estello:Has expanded to 1.4m barrels |
| Re: Dangote Refinery Reaches Full 650,000 BPD Capacity, Sets Global Benchmark by Mandate1: 10:18am On Feb 12 |
nairalanda1:who told you the cost price? Is that why petrol is more expensive in Nigeria than in USA and UK? |
| Re: Dangote Refinery Reaches Full 650,000 BPD Capacity, Sets Global Benchmark by benardtotti(m): 10:18am On Feb 12 |
nairalanda1:why do you hate tinubu so much , he is doing EXACTLY what you have been advocating for , yet you are not satisfied, SMH. |
| Re: Dangote Refinery Reaches Full 650,000 BPD Capacity, Sets Global Benchmark by nairalanda1(m): 10:19am On Feb 12 |
benardtotti:Actually no, he's just like all the past leaders. Oil focused, not diversification focused. |
| Re: Dangote Refinery Reaches Full 650,000 BPD Capacity, Sets Global Benchmark by nairalanda1(m): 10:20am On Feb 12 |
Mandate1:IN other words, you don;'t want to believe me. Fellow Nairalanders, if you want subsidy back, CONTACT YOUR SENATOR...to do ....PASS THE APPROPRIATE LAWZ. |
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