Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,195,461 members, 7,958,393 topics. Date: Wednesday, 25 September 2024 at 01:44 PM |
Nairaland Forum / Nairaland / General / Business / Dangote Refinery Takes Delivery Of Gigantic Distillation Component In Lekki.PICS (52587 Views)
Dangote Refinery Installs Largest Single Crude Distillation Column - Pictures / Dangote Install The Largest Single Crude Distillation Column At His Refinery / Dangote Refinery: Largest Single Train Crude Distillation Column Berths In Lagos (2) (3) (4)
(1) (2) (3) (4) (5) (6) (7) (Reply) (Go Down)
Re: Dangote Refinery Takes Delivery Of Gigantic Distillation Component In Lekki.PICS by mikolo80: 6:48am On Jan 11, 2019 |
nairaman66:you funny Is it battery you will use to smelt iron Or to run tanks and jets? The world will run on fossil fuel for a long time before we find alternative 1 Like |
Re: Dangote Refinery Takes Delivery Of Gigantic Distillation Component In Lekki.PICS by Firebomber: 6:48am On Jan 11, 2019 |
Toosure70: brother I dey tell you. I can bet it that once that refinery start working, the will reduce the fuel price from #140 to #130, and that's how we are going to be buying it without complain. I use to tell my guys that dangote is one of the unknown enemy Nigerian have. just check the different in price of it products and compare it with those one been imported, just a slight different, yet some people are praising him. 2 Likes |
Re: Dangote Refinery Takes Delivery Of Gigantic Distillation Component In Lekki.PICS by mikolo80: 6:51am On Jan 11, 2019 |
Toosure70:it's not by force to buy his product o |
Re: Dangote Refinery Takes Delivery Of Gigantic Distillation Component In Lekki.PICS by Nobody: 6:54am On Jan 11, 2019 |
theoldpretender: GEJ's govt had smart thinkers and now,somehow, it becomes self explanatory what GEJ posited when he opined that you just have to take the yam away from goats not because you can't discipline the goats for eating the yam in the first place, but for the sake of national peace, you act smarter. This was a smart measure to counter the excesses we were/are presently footing as a country on subsidy as well as the incidental cost of transportation. I believe he suffered some set back as his expansion rate has kinda slowed down on the last 3years especially investments in the automobiles and consumables sector. Dangote & Sino trucks have not really made progress as it did in 2013-15. It may also be safe to conclude that, that's the duo's rationale for courting this present govt? Otherwise, I see no reasonable support this govt has offered the manufacturing sector in terms of tax holidays and liquidity injection to stimulate growth and employment as well as reducing the cost of production. Their business might yet bleed from the shock suffered during the hay days of PMB's inaction which was major disaster for most business entities plagued at that time with loans and contractual obligations in dollar denominations. Well! Let's see what it will take to break Nigerians from the slumber and foolishness and arouse an unquenchable lust for national development rather than tribal and ethno-religious bigotry. 2 Likes |
Re: Dangote Refinery Takes Delivery Of Gigantic Distillation Component In Lekki.PICS by lonelydora: 6:54am On Jan 11, 2019 |
omonnakoda: Losing $2b in a year is no joke. It may have affected him. Anyways, kudos to him for venturing into this |
Re: Dangote Refinery Takes Delivery Of Gigantic Distillation Component In Lekki.PICS by Bloooody(m): 6:55am On Jan 11, 2019 |
Abortedfetus:Not possible. Do you know how much Jeff bezos and Bill gates make every minute? Dangote is based in Africa .those two are international |
Re: Dangote Refinery Takes Delivery Of Gigantic Distillation Component In Lekki.PICS by omonnakoda: 6:55am On Jan 11, 2019 |
post=74648686:Guy please calm down nd be civil Your remark is unnecessarily emotional I am not a "hater". That word is for children I am happy that there will be a refinery The fact is Dangote himself said the refinery would be completed in 2018 and start production in 2019 that was his projection It seems that has shifted to 2022. That is business. The projected is expected to cost $11 billiion. It appears that the expected source of finance did not materialise leading to delay . It certainly will not produce this year These are all matters of fact and are IN THE PUBLIC domain. I am not making any new disclosure So where then do you come from with the name calling and abuse? What is the basis fr that? Must everyone be political? If one does not say what you like or know then you start abuse.? I do not know your age but you act like a youth. There is no justifiation for calling me a hater. None 2 Likes |
Re: Dangote Refinery Takes Delivery Of Gigantic Distillation Component In Lekki.PICS by Firebomber: 6:56am On Jan 11, 2019 |
mikolo80: But his product always skyrocket the price of his competitors product through the help of our useless political... that's dangote tactics. |
Re: Dangote Refinery Takes Delivery Of Gigantic Distillation Component In Lekki.PICS by AfonjaConehead: 6:56am On Jan 11, 2019 |
post=74648654: Sharrap,thank you. |
Re: Dangote Refinery Takes Delivery Of Gigantic Distillation Component In Lekki.PICS by Afamed: 6:58am On Jan 11, 2019 |
forghon:That's their hypocrite 1 Like |
Re: Dangote Refinery Takes Delivery Of Gigantic Distillation Component In Lekki.PICS by moshino(m): 6:58am On Jan 11, 2019 |
omonnakoda: How much can you and your father bring to help complete the project this year? |
Re: Dangote Refinery Takes Delivery Of Gigantic Distillation Component In Lekki.PICS by omonnakoda: 6:59am On Jan 11, 2019 |
lonelydora:he did not "lose" $2 billion really .Depreciation of stock value and reduction in net worth is not the same as "losing" the money. Stock prices go up and down all the time and last year was bad for stock everywhere 3 Likes 1 Share |
Re: Dangote Refinery Takes Delivery Of Gigantic Distillation Component In Lekki.PICS by ikorodureporta: 6:59am On Jan 11, 2019 |
Looks like a masquerade |
Re: Dangote Refinery Takes Delivery Of Gigantic Distillation Component In Lekki.PICS by omonnakoda: 7:01am On Jan 11, 2019 |
moshino:This year our charity work will be contributing to your mothers psychiatric care 2 Likes |
Re: Dangote Refinery Takes Delivery Of Gigantic Distillation Component In Lekki.PICS by joshnnanna: 7:04am On Jan 11, 2019 |
omonnakoda: Negative vibes oozing out from you this morning. What Nigerian government couldn't do in our over 50 years of independence this man is doing in less than 3years. It's good news for Nigeria. Stop being a pessimist. 2 Likes |
Re: Dangote Refinery Takes Delivery Of Gigantic Distillation Component In Lekki.PICS by bluefilm: 7:04am On Jan 11, 2019 |
pcicero: What nonsense opinion is that, if I may ask? Note: by their words, we shall know them. |
Re: Dangote Refinery Takes Delivery Of Gigantic Distillation Component In Lekki.PICS by theoldpretender(m): 7:06am On Jan 11, 2019 |
omonnakoda: 1.From the BBC report in 2013 The entire venture would cost $9bn, with $3bn in equity from Dangote Industries and $6bn to be raised in loan capital. The initial loan facility was co-ordinated globally by Standard Chartered and in Nigeria by Guaranty Trust Bank, London's Financial Times newspaper reports. [/i] 2.Also, there is this from Reuters [i]By Didi Akinyelure LAGOS, July 24 (Reuters) - Africa’s richest man, Aliko Dangote, has arranged more than $4.5 billion in debt financing for his Nigerian oil refinery project and aims to start production in early 2020, he told Reuters. Dangote, who built his fortune in cement, is building the world’s largest single oil refinery with capacity of 650,000 barrels per day (bpd) to help to reduce Nigeria’s dependence on imported petroleum. SPONSORED Despite being a crude oil exporter, Nigeria imports the bulk of its petroleum because of a lack of domestic refining capacity. Lenders would commit about $3.15 billion, with the World Bank’s private sector arm providing $150 million, Dangote said, adding that he was investing more than 60 percent from his own cash flow. Dangote Group has said that Standard Chartered Bank was arranging funds for the project. “We will end up spending between $12 billion to $14 billion. The funding is going to come through equity, commercial bank loans, export credit agencies and developmental banks,” Dangote said in an interview in Lagos on Tuesday. “Hopefully, we will finish mechanical (construction) by next year and products will start coming out in the first quarter of 2020.” Nigeria’s central bank would provide guarantees for about 575 billion naira in local currency for 10 years, with African Development Bank providing a $300 million loan. Trade banks from China, India and some European countries are also in the mix, Dangote said. The planned refinery and petrochemical complex is expected to account for half of Dangote’s sprawling assets when it is finished next year. Last week Dangote signed a loan of $650 million with the African Export-Import Bank (Afreximbank) for the project. Dangote said he was looking to acquire more oilfields as his focus shift towards the oil sector to feed the refinery Thanks. 3 Likes 1 Share |
Re: Dangote Refinery Takes Delivery Of Gigantic Distillation Component In Lekki.PICS by MANNABBQGRILLS: 7:06am On Jan 11, 2019 |
omonnakoda:Okay, good to know you are not a hater. Cos haters resent us a lot. They are always happy with negative news about the country and always ignore the good news such as this. You see almost 20 people are attacking you already, we aren't the only one. Guess its the choice of words you used. We take the word back. (edited) Apologies. Stay blessed Omon. Chop knuckles correct man! 1 Like 2 Shares
|
Re: Dangote Refinery Takes Delivery Of Gigantic Distillation Component In Lekki.PICS by omonnakoda: 7:08am On Jan 11, 2019 |
joshnnanna:How am I being a pessimist? Yes it is good news did I say otherwise I am not here to offer you English or comprehension lessons The fact is that Dangote said this project would start production in 2019 reality is this may not be until 2022. It is still good news but I am not a mumu follow follow . I like to deal in reality. If that makes me a pessimist in your book that is YOUR probllem Do not tell me what to be or how to be I will not tell you not to be a mumu It is your brain use it how you like 1 Like |
Re: Dangote Refinery Takes Delivery Of Gigantic Distillation Component In Lekki.PICS by merineze: 7:10am On Jan 11, 2019 |
omonnakoda: Learn to talk about what you know.The completion period was extended as the capacity was increased too. 1 Like |
Re: Dangote Refinery Takes Delivery Of Gigantic Distillation Component In Lekki.PICS by omonnakoda: 7:10am On Jan 11, 2019 |
I did not make these up They are not new They are in the public domain Did Dangote deny them https://www.reuters.com/article/us-nigeria-dangote-refinery/billionaires-huge-nigerian-oil-refinery-likely-delayed-until-2022-sources-idUSKBN1KV0WA https://punchng.com/dangote-oil-refinery-may-be-delayed-till-2022/ 1 Like |
Re: Dangote Refinery Takes Delivery Of Gigantic Distillation Component In Lekki.PICS by MANNABBQGRILLS: 7:11am On Jan 11, 2019 |
omonnakoda:Move on already Omon. 1 Like 2 Shares |
Re: Dangote Refinery Takes Delivery Of Gigantic Distillation Component In Lekki.PICS by omonnakoda: 7:12am On Jan 11, 2019 |
merineze:Shut up |
Re: Dangote Refinery Takes Delivery Of Gigantic Distillation Component In Lekki.PICS by adecz: 7:14am On Jan 11, 2019 |
This one be like Atomic Bomb!!! |
Re: Dangote Refinery Takes Delivery Of Gigantic Distillation Component In Lekki.PICS by Isobug: 7:18am On Jan 11, 2019 |
Oboy see facility! |
Re: Dangote Refinery Takes Delivery Of Gigantic Distillation Component In Lekki.PICS by GeorgeTheCoder: 7:22am On Jan 11, 2019 |
omonnakoda: He is not the sole owner of the business 1 Like 1 Share |
Re: Dangote Refinery Takes Delivery Of Gigantic Distillation Component In Lekki.PICS by moshino(m): 7:22am On Jan 11, 2019 |
omonnakoda: Make una see food to chop first. |
Re: Dangote Refinery Takes Delivery Of Gigantic Distillation Component In Lekki.PICS by deepwater(f): 7:29am On Jan 11, 2019 |
NessaBoo: Ignorance?! Obviously, you know nothing about the refinery. Even kachikwu and yemi had to swallow their words last year (don't scream, the links in here already). My dear abeg make Una dey discuss matter wey Una understand abeg. 1 Like |
Re: Dangote Refinery Takes Delivery Of Gigantic Distillation Component In Lekki.PICS by omonnakoda: 7:29am On Jan 11, 2019 |
theoldpretender:This is an $11 billion project , one of the biggest in history, it has started without subsidy removal so that already kncks the subsidy removal argument on its head. I do not support subsidy but your argument that Only subsidy removal will do the trick is another of the several "ONLY" dogmas doing the rounds with no basis in logic. There is no connection and such an assertion indicates poor understanding of the issues Bear in mind that subsidy originally meant ,when our refineries worked, under recovery - though different from how it is used now. i.e the subsidy came in the form of Crude oil. X number of barrels of oil were allocated for local use to our refineries for free. Now in the era of JV the oil majors would demand to be paid their share fr every single barrel There is no law compelling petroleum refiners to sell their products at subsidized rates if they do not receive subsidy/subsidized products 1 Like |
Re: Dangote Refinery Takes Delivery Of Gigantic Distillation Component In Lekki.PICS by omonnakoda: 7:31am On Jan 11, 2019 |
GeorgeTheCoder:Interesting Who are the other owners and what is the ownership structure?? |
Re: Dangote Refinery Takes Delivery Of Gigantic Distillation Component In Lekki.PICS by mikolo80: 7:32am On Jan 11, 2019 |
Firebomber:how Is it his fault that none of his competitors can supply demand Lafarge has 3 million ton cement plant Knowing fully well that Nigeria needs 14 million Did dangote stop them from building cement plant Is it him or govt that stop you from farming rice and wheat and sugar? 1 Like |
Re: Dangote Refinery Takes Delivery Of Gigantic Distillation Component In Lekki.PICS by mikolo80: 7:32am On Jan 11, 2019 |
Firebomber:how Is it his fault that none of his competitors can supply demand Lafarge has 3 million ton cement plant Knowing fully well that Nigeria needs 14 million Did dangote stop them from building cement plant Is it him or govt that stop you from farming rice and wheat and sugar For almost 30 years ? 1 Like |
(1) (2) (3) (4) (5) (6) (7) (Reply)
Banks Stop Use Of ATM Cards Abroad #Emefieleconomics / Which Business Can I Invest With N350K To Make N10K Profits Daily? / Fuel, Naira Crisis: Banks Direct Staff To Dress Down
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 70 |