nairaman66:


Dream on!! The world is moving from petrol based economy!! That’s why every country out there are diversifying!! So you think we are still in the 1800??

That idea is a farcade . In the next 50 years, petroleum will still be in use in Nigeria and other places. The refinery only needs to serve Nigeria and Africa where electric cars might take time to hold ground for him to recoup four times his investment in 5 years.

Besides, refinery is not built to do just one thing, but an array of things. So, take petrol out and dangote will be high up there in money.

Abortedfetus:
like play like play,
dangote to take over.

bet me and Mark my words,
he is gonna become d richest man in d world.

Are you sure about this assertion?
Are you aware that according to Forbes,Dangote himself has seen a $2billion slide in his fortunes in the last year alone?
Do you know that global energy demands is gradually shifting away from crude and fossil fuels?

Gaspardd:


Thats piling still going on at one section of d site and its like that in approx. 75% of the whole site
Pics not loading network sùcks here

How recent is that picture?

Dangote is about to hit big....moving close to the number one richest man in the world. It is going to be a turn around. it is really a shame that Nigeria is the only OPEC member that is importing petrol.

Caseless:
That idea is a farcade . In the next 50 years, petroleum will still be in use in Nigeria and other places. The refinery only needs to serve Nigeria and Africa where electric cars might take time to hold ground for him to recoup four times his investment in 5 years.

Besides, refinery is not built to do just one thing, but an array of things. So, take petrol out and dangote will be high up there in money.

please ignore his ignorance. Apparently he's calling Dangote a fool that didn't do his research, estimation n co before building a $11billion worth of a refinery or investment.

obailala:
How recent is that picture?

Thats where i work, i took d pics at that moment, edited cus of 4mb NL cap

blackgold2018:
please ignore his ignorance. Apparently he's calling Dangote a fool that didn't do his research, estimation n co before building a $11billion worth of a refinery or investment.

He even forgot there's a fertilizer plant. That man would reach 50 billion dollar mark and could make top 20 in the world again .

They continue want alcohol but their son will producing soon...

Gossiplover:
and you would know that as his personal accountant abi

u don't want to hear any good news in dis country until ur candidate win abi?

Gaspardd:


Thats where i work, i took d pics at that moment, edited cus of 4mb NL cap

Okay I guess the pictures I've seen online could be from the fertilizer plant.

NessaBoo:


Lol...very passive aggressive of you, but i have already unsubscribed from this issue dear, the way he skewed his comment came across like he was completely oblivious about the completion date, I simply and respectfully hitched my reply on that, he wished me to die like a chicken (which was totally unnecessary) provided his own links, and someone else did same that projected completion time to 2020 as far back as 2013.
Even onom has moved on from the date completion brouhaha!

But since you want to nitpick, even the Kachikwu and Yemi or Dangote never said it would be ready by JAN 2019, which was what he said and I quote..."Earlier, they said it would be ready by NOW"!!

My dear, stop speaking English! It doesn't help our situation in this country.
FYG, the refinery can only be ready by 2025, going by the design chart at hand...take my words to the bank.

obailala:
Okay I guess the pictures I've seen online could be from the fertilizer plant.

Yea yea fertilizer is almost completed

deepwater:


My dear, stop speaking English! It doesn't help our situation in this country.
FYG, the refinery can only be ready by 2025, going by the design chart at hand...take my words to the bank.

Seriously?? Are you for real??

Lol, okay....I've heard you!

omonnakoda:
Dangote's net worth is $14 bilion almost all of which is his shareholding in his cement business

Thi project is $11 billion .As far as has been disclosed he is the sole owner unless he is fronting for others . He himself has admitted he is borrowing. Has he succeeded in borrowing the $11 billion? or is the figure inflated

I weep for you. You are so naive! Sorry, I meant no insults. Who said he has to use his money?

TEYA:

I weep for you. You are so naive! Sorry, I meant no insults. Who said he has to use his money?

You are an idiott

Go and learn how to talk among human beings


save your tears for your mother you will need them very soon

Hmmm, if Dangote can build refinery, what has stopped Nigeria from doing same for the past several years?
Corruption in high places

how did this become my Business, since he has nothing to offer toward his poor communities in Kano. Mtcheww!!!!

I see myself operating the console of this gigantic fractionation column.

medicine after death.

nairaman66:


Dream on!! The world is moving from petrol based economy!! That’s why every country out there are diversifying!! So you think we are still in the 1800??

I believe he made a mistake with that refinery but Nigerians will finally benefit from the monopoly he enjoyed all those years. Jobs will be much (for the Indians, hehe), real estate will spike. But in a typical dangote fashion, he will most likely drive up the price of oil. I also expect more sabotage of our electricity efforts. As usual, more sabotage of our very own refineries.

First he needs to convince current oil marketers to buy from him instead of going overseas. Big players like Sahara n Conoil might not be so easy to win because they are usually neck-deep in their current contracts. Those refineries from where we currently buy our oil are also watching how d game will play out. They will be coming at him with aggressive price slashes, some might even offer to ship oil to Nigeria for free. Others might even play dirty and hack his plants behind a laptop in Russia. Dangote can't handle competition, noodles n tomato paste comes to mind.

I believe it will take 15 years to recoup both investment, loan interest and running cost from that refinery. With the way the world is going now with solar, not a wise decision as Elon Musk holds the future. But let's give him the benefit of the doubt that he sees what we all don't. If you are so rich n everyone around u is so poor, especially when their poverty is indirectly linked to u, I don't see the fun in that.

I really can't wait for it to start, rather than the round robin we had before now, where how crude is taken from here (Nigeria) to Switzerland, from where it is the sent to other Country where it will then be refined, sent back to Switz and then to Nigeria making us to incur so much

deepwater:


My dear, stop speaking English! It doesn't help our situation in this country.
FYG, the refinery can only be ready by 2025, going by the design chart at hand...take my words to the bank.

Perhaps it would take that long to hit full production but I think before then, he would have started producing to an extent. In any case, I believe investing 11B on an "outdated technology" is a bad idea. It will be a crime to drive a petrol vehicle in France by 2040. Expect the entire EU to follow that narrative. The end is near.

RealTrump:


I believe he made a mistake with that refinery but Nigerians will finally benefit from the monopoly he enjoyed all those years. Jobs will be much (for the Indians, hehe), real estate will spike. But in a typical dangote fashion, he will most likely drive up the price of oil. I also expect more sabotage of our electricity efforts. As usual, more sabotage of our very own refineries.

First he needs to convince current oil marketers to buy from him instead of going overseas. Big players like Sahara n Conoil might not be so easy to win because they are usually neck-deep in their current contracts. Those refineries from where we currently buy our oil are also watching how d game will play out. They will be coming at him with aggressive price slashes, some might even offer to ship oil to Nigeria for free. Others might even play dirty and hack his plants behind a laptop in Russia. Dangote can't handle competition, noodles n tomato paste comes to mind.

I believe it will take 15 years to recoup both investment, loan interest and running cost from that refinery. With the way the world is going now with solar, not a wise decision as Elon Musk holds the future. But let's give him the benefit of the doubt that he sees what we all don't. If you are so rich n everyone around u is so poor, especially when their poverty is indirectly linked to u, I don't see the fun in that.

Igbo jealousy of Dangote at its peak

omonnakoda:
You are an idiott

Go and learn how to talk among human beings


save your tears for your mother you will need them very soon

While you should go and learn how to keep quiet when you are ignorant of a subject

RealTrump:


I believe he made a mistake with that refinery but Nigerians will finally benefit from the monopoly he enjoyed all those years. Jobs will be much (for the Indians, hehe), real estate will spike. But in a typical dangote fashion, he will most likely drive up the price of oil. I also expect more sabotage of our electricity efforts. As usual, more sabotage of our very own refineries.

First he needs to convince current oil marketers to buy from him instead of going overseas. Big players like Sahara n Conoil might not be so easy to win because they are usually neck-deep in their current contracts. Those refineries from where we currently buy our oil are also watching how d game will play out. They will be coming at him with aggressive price slashes, some might even offer to ship oil to Nigeria for free. Others might even play dirty and hack his plants behind a laptop in Russia. Dangote can't handle competition, noodles n tomato paste comes to mind.

I believe it will take 15 years to recoup both investment, loan interest and running cost from that refinery. With the way the world is going now with solar, not a wise decision as Elon Musk holds the future. But let's give him the benefit of the doubt that he sees what we all don't. If you are so rich n everyone around u is so poor, especially when their poverty is indirectly linked to u, I don't see the fun in that.

Nicely written! So much challenges ahead! Most stakeholders would feel they can recoup their investments in 2-3 years time! But I doubt as your explanation fits mine! But in conclusion, Dangote has brought something to a monopolise market and that’s something to look forward to!

Hmm...United State of Dangote, we hail thee.

RealTrump:


Perhaps it would take that long to hit full production but I think before then, he would have started producing to an extent. In any case, I believe investing 11B on an "outdated technology" is a bad idea. It will be a crime to drive a petrol vehicle in France by 2040. Expect the entire EU to follow that narrative. The end is near.

Is not a thinking issue bro, it is what it is....
Go figure out why the trainees are all resigning.
And for the idea of oil becoming useless, forget that thing. Not this Generation.
Your 2040 is around the corner, IOCs are renewing their operating license all over the world.
Just in your backyard TOTAL brought the Egina, SNEPCo is expanding BONGA (DS10 is currently exploring as i type this), XOM is having newer rigs in-coutry this quarter....wetin we they discuss self?
The end of oil and gas production is not yet in sight!
Do not anybody deceive you.
FYG, the industries needs oil and gas more that individuals that run vehicles

You won’t take our oil to develop Lagos!

I must be a staff there

Some mumus here think they are smarter than Dangote, that he made a dumb moves but they spend
a week without getting one thousand naira.

deepwater:


Is not a thinking issue bro, it is what it is....
Go figure out why the trainees are all resigning.
And for the idea of oil becoming useless, forget that thing. Not this Generation.
Your 2040 is around the corner, IOCs are renewing their operating license all over the world.
Just in your backyard TOTAL brought the Egina, SNEPCo is expanding BONGA (DS10 is currently exploring as i type this), XOM is having newer rigs in-coutry this quarter....wetin we they discuss self?
The end of oil and gas production is not yet in sight!
Do not anybody deceive you.
FYG, the industries needs oil and gas more that individuals that run vehicles

Honestly, you know this more than me. I can sense it from your moniker. In my very short time at the downstream, I know that dangote will have a tough time selling his refined oil in Nigeria but there are international markets.

However, you said it will take till 2025. The simple explanation is that his contractors have been instructed by a higher power to slow down the place of work. Sabotage, but he should have for seen that.

Truth is, oil is not going anywhere, it will always be a part of us especially the industries. No country can just shut down oil production, it's not going to happen. It's implications on job creation, GDP tax revenue is just too much.

Do you see oil hitting USD70 per barrel anytime in the next 10years? I don't think so. Those E n P are still making money even at the current price so they keep producing n expanding, no problem. Some countries are already phasing out motorcycle that use petrol, first hand information. Billions of startup dollars us being invested in autonomous driving, autonomous drone delivery all of which are powered by battery tech. Even long haul trucks are powered by battery tech. Do you even know that a company will start testing it's battery powered passenger planes sometimes this year? Those oil companies are very worried about their medium term future because their future no longer lies at the pump station. but I believe they will find a way.