₦airaland Forum

Druss:
I am with Dangote on this. NNPC is relying on those who wont bother to read our country's regulations. Import should only be when Nigeria's local suppliers of fuel are unable to meet demand. That is not the situation currently according to Dangote.

Princecalm:
Jul 29, 2015

The Nigerian National Petroleum Corporation has announced that the Port Harcourt and Warri refineries have been successfully re-streamed after a nine-month rehabilitation exercise conducted by its in-house engineers and technicians.

The corporation, in a statement, noted that both plants commenced preliminary production of petroleum products after successful test-runs, adding that while PHRC was ramping up its operation to about 60 per cent of its 210,000 barrels per day capacity, WRPC production was projected to hit 80 per cent of its installed 125,000bpd capacity.

The NNPC said the Port Harcourt refinery was projected to boost the nation’s local refining capacity with a product yield of five million litres of petrol per day, while Warri refinery would contribute 3.5 million litres of petrol.

Providing insight into the rehabilitation exercise, the NNPC noted that it had to adopt the phased rehabilitation strategy after the Original Refinery Builders, who were initially contacted for the project came up with unfavorable terms.

It said, “Though a decision was taken in 2011 to rehabilitate all the refineries using the ORB of each of the refineries, we were impelled to switch strategy after the ORBs declined participation and nominated some partners in their stead who came up with outrageously unfavorable terms.”

The NNPC stated that the nominated partners, as sole-bidders, came up with humongous price offers after two years of thorough and exhaustive scope of work definition and price negotiations.

It added that the proxies were also unwilling to provide post rehabilitation performance guarantees.

The corporation said, “The phased rehabilitation strategy which entailed phased and simultaneous rehabilitation of all the refineries using in-house and locally available resources in line with the spirit and letter of the Nigerian Content Law, also involved the use of Original Equipment Manufacturer representatives to effect major equipment overhaul and rehabilitation.”

The national oil firm said the phased rehabilitation programme, which started in October 2014 after the required funding stream was established, created a 70 per cent reduction in costs which helped largely in mitigating the financing challenges of refinery rehabilitation.

It observed that with the successful re-streaming of the PHRC and WRPC, attention has now moved to the 110,000 barrels per day Kaduna Refining and Petrochemicals Company which was billed to come on stream soon.

http://www.punchng.com/news/pharcourt-warri-refineries-commence-preliminary-operations-nnpc/

saintopus:
Dec 06, 2024
The PH Refinery ships its first export of petroleum products to Dubai.
The company is expected to load the cargo in the coming days onboard the Wonder Star MR1 ship, signalling the commencement of operations at the plant and the exportation of petroleum products.

The ship will load 15,000 metric tons of the product, which translates to about 13.6 million litres.

Although the volume coming from the NNPC into the global market is still small, the development has the potential to impact the Very Low Sulphur Fuel Oil (VLSFO) benchmarks in the future while changing the market realities for Atlantic Basin exporters into Nigeria and other regions.

The sulfur content of the export by NNPC stands at 0.26 per cent per wt and a 0.918 g/ml density at 15°C, according to Kpler, a data and analysis company.

The cargo was reportedly sold at an $8.50/t discount to the NWE 0.5 per cent benchmark on a Free on Board (FOB) basis.

Kpler reported that the development would help displace imports from traditional suppliers in Africa and Europe, as Nigeria’s falling clean product (CPP) imports are already decreasing, dragging imports into the wider West Africa region lower as well.

https://guardian.ng/energy/nnpc-begins-export-from-ph-refinery-as-dubai-firm-buys-first-cargo/

frog12:
na the same NNPC allow the snake enter. snake wan chop all the eggs wey dey basket

when we tell nigerians, dem no dey listen

Parachoko:
I don't understand why Dangote wants fuel importation into Nigeria to be totally banned

If every country with refineries start banning importation of Fuel,will he like it?

Base on our experience with Cement and Rice, I'm totally against the ban on importation of Fuel. it will give room for Dangote to dictate the price, if importation was not banned, there will be a price war between the Importers and Producers which will favour Nigerians

Banning importation will really weaken competition

Burob:
The NNPC a failed entity, just like the persons that support them.

frog12:
their leaders were thieves.

Egodollars:
Check the NNPC, it has more northerners and dangote is from the north! Nnpc was junketing around that they have products to sell!! Instead of complaining they should bring out theirs and let buyers decide, not all this noise. If it's left to NNPC we would have been buying it for over 3k per litre now in the wake of Iran war.

HacheNoire:
Our enemies are desperate for us to return to heavy dollar dependence.

Dangote nailed their coffin and they will do anything to make us resume importation, and still won’t allow us do it with Naira.

Time to start saving in USD. If importation resumes, USD taking flight against the Naira!

EponObi:
As him no allow una increase stake in his company, you wan play the monopoly card. 😂

How many refineries do we have in this country that you claim he's trying to monopolize the market? Did he stop importers from importing?

Abi if you guys were not stupid and thieves, you would have three working refineries under your control today to compete with Dangote.

Make una get out.

First time ever in decades, African and Asian countries are shopping for fuel in our country but the person who made it happen una wan destroy am. Una no well oooo. This is a battle you can't win.

I pray Dangote completes his 20,000MW project soon, make everywhere scatter finally. You oil cabals can continue crying; it will soon be the turn of generator and power cabals.

GEJDHERO:
What are u saying? DOLLARS has always been the same range since last yr.We need competition so that prices wud be realistic.

HacheNoire:
Because fuel importation puts less pressure on the dollar. Let importation begin and you will see. It’s simple economics.

GEJDHERO:
We d masses are not reaping the dividends of his refinery ..that was our expectation b4... (cheap fuel)but DANGOTE no send us.

GEJDHERO:
But available data shows it doesnt affect the value of the dollar..pls google it.So for the sake of we the masses there shld be competition from importers b4 other refineries come on stream make DANGOTE no go kpai us finish with high price.

Dokitto001:
NNPC you had all these years to do the right thing but you couldn't. If you want to compete go and fix those refineries and make them functional. You're not allowed to compete with imported petroleum products you fools.

Nigerians must be thankful to Dangote for once.

NNPC are following the advise of world Bank to destroy dangote refinery and return Nigeria to square one.

pacino26:
Same NNPCL that claimed its refineries are working and did multiple fanfare commissioning is accusing a company less than 4yrs in refining operations of monopoly. We once queued up for fuel in NNPC filling stations that year sef.

Why don’t they get their acts together, sell off the scraps and move on. Let’s not forget they recently tried to increase their stake in Dangote refinery and he refused. We must boost local refining o, by fire by force.

Heffalump:
@the bolded. Until recently, I used to be a strong supporter and advocate for the survival and success of Dangote refinery, but now I know Dangote is in business for a reason: To make money and more money for self and stakeholders. He will not do charity for anyone.

Dangote actually wants to monopolise the Petroleum retail market in Nigeria to amass wealth in the process, just like he did about cement supply in Nigeria. He controls a huge shares in the local supply market.

The continued interest in fuel importation by NNPCL is to checkmate the evil acts of monopoly, which will render Nigerians helpless in the hands of Dangote. Why should imported fuels be cheaper than that of Dangote that's locally refined? It shows that that man doesn't care about you and I. There's always price war when NNPCL imports fuel and drops prices, then you see Dangote dropping price also. If he's not making gains he won't drop prices. Definitely, he's not making much money when prices are dropped. This is the sole reason why he went to the court to challenge NNPC fuel importation licence. Dangote is a pure breed of business man who doesn't care about who's suffering from high cost of fuel in Nigeria.

FutureFocus:
Build refinery or renovate yours if you want to sell, you can’t be importing fuel from a refinery that provides job for people in other countries, build refinery here and provide job and then sell, or ask that refinery abroad to relocate here if he is want to share from Nigeria energy market