Dangote Refinery To Start Selling Fuel By 2020 and Help Solve Nigeria Oil Problems

Date: 07-07-2018 10:26 pm (5 years ago) | Author: Daniel Bosai
- at 7-07-2018 10:26 PM (5 years ago)
(m)

The Dangote refinery plans to start selling petrol, diesel and aviation fuel by early 2020, but the fertiliser plant, will start producing urea this year, Edwin Devakumar, the group executive director told Bloomberg.

The $10 billion refinery, set to be one of the world’s largest and which can process 650,000 barrels of crude a day, should be near full capacity by mid-2020, Devakumar said in the interview.

Aliko Dangote, worth $12.4 billion according to the Bloomberg Billionaire’s Index, has said the refinery can transform Nigeria by weaning it off fuel imports and generating foreign exchange through exports. Despite being Africa’s biggest crude producer and an OPEC member, the West African nation ships in almost all its gasoline and diesel from abroad because of the decrepit state of its government-owned refineries.
 

Posted: at 7-07-2018 10:26 PM (5 years ago) | Addicted Hero
- MOnkey at 7-07-2018 11:51 PM (5 years ago)
(f)

.

.

.



ooomomooo
09101009
14-14-2020 zMS midmight



Oooooo000//000oooo00Oööö0öO0oo oo0 0



.

.

.

Posted: at 7-07-2018 11:51 PM (5 years ago) | Upcoming
Reply
- osarobo62 at 8-07-2018 12:44 AM (5 years ago)
(m)
The govt should please handover PHCN and it's subsidiaries to Dangote to rebuild.....Aboki to the rescue
Posted: at 8-07-2018 12:44 AM (5 years ago) | Hero
Reply
- kaposky at 8-07-2018 01:51 AM (5 years ago)
(m)
STORY FOR THE gods.HOW MUCH IS A BAG OF DANGOTE CEMENT TODAY.
Posted: at 8-07-2018 01:51 AM (5 years ago) | Gistmaniac
Reply
- kaposky at 8-07-2018 01:51 AM (5 years ago)
(m)
STORY FOR THE gods.HOW MUCH IS A BAG OF DANGOTE CEMENT TODAY.
Posted: at 8-07-2018 01:51 AM (5 years ago) | Gistmaniac
Reply
- Wazubia at 8-07-2018 07:19 AM (5 years ago)
(m)
OUR NAIJA MONEY.
Posted: at 8-07-2018 07:19 AM (5 years ago) | Gistmaniac
Reply
- crocatum at 8-07-2018 03:03 PM (5 years ago)
(m)
 Smiley Smiley Smiley Smiley
Posted: at 8-07-2018 03:03 PM (5 years ago) | Gistmaniac
Reply
- Sniper101 at 8-07-2018 03:46 PM (5 years ago)
(m)
setting up the refinery costs 10 billion USD or 10 million USD, which one?


anyways, I think its about time the business magnate started giving a little something back to Nigeria & Nigerians
Posted: at 8-07-2018 03:46 PM (5 years ago) | Gistmaniac
Reply
- crocatum at 8-07-2018 04:53 PM (5 years ago)
(m)
we need industries, factories, trains, be fast ohh people, and thanks for the oil refinery, we need proper education, proper investment in technology, its time for the generation to have all they require.
Posted: at 8-07-2018 04:53 PM (5 years ago) | Gistmaniac
Reply
- crocatum at 8-07-2018 04:55 PM (5 years ago)
(m)
say an amen to factories, industries, education, technology, let churches build factories, provide education and it time.
Posted: at 8-07-2018 04:55 PM (5 years ago) | Gistmaniac
Reply
- slimber at 8-07-2018 07:04 PM (5 years ago)
(f)
Okooo  pray soo
Posted: at 8-07-2018 07:04 PM (5 years ago) | Hero
Reply
ReplyFollow
Login To Post Reply

Latest Updates

Farmer, Terkula Chile Remanded Over Attempted Murder In Benue

Faces Of Four Full Grown Men Nabbed For Alleged Transformer Theft In Ebonyi

Portable Brags About His International Status As A Caucasian Lady Requests For A Photo With Him

Mohbad’s Widow, Wumi Claims She's Clueless About Court Pending DNA Test Order

Jubilation In Nigeria As Many Are Currently Receiving N50k Inside Their Account From Tinubu's Govt

PDP CRISIS: National PDP Caucus Gives Nod To Damagum’s Continuation In Office As Acting Chairman

VIDEO: Davido Brags, Says He's The Only GOAT In Nigeria

Portable Calls Out, Alaafin's Ex Wife, Queen Dami For Refusing to Get Pregnant For Him

Actor Zubby Michael Finally Replies Those Dragging Him For Not Mourning Colleague Junior Pope

More Featured Topics

fire TRENDING GISTS fire

TODAY'S TOP

  1. Jubilation In Nigeria As Many Are Currently Receiving N50k Inside Their Account From Tinubu

  2. Mohbad’s Widow, Wumi Claims She's Clueless About Court Pending DNA Test Order

  3. Portable Brags About His International Status As A Caucasian Lady Requests For A Photo With Him

  4. VIDEO: Davido Brags, Says He's The Only GOAT In Nigeria

  5. Farmer, Terkula Chile Remanded Over Attempted Murder In Benue

  6. PDP CRISIS: National PDP Caucus Gives Nod To Damagum’s Continuation In Office As Acting Chairma

  7. Faces Of Four Full Grown Men Nabbed For Alleged Transformer Theft In Ebonyi

THIS WEEK

  1. Controversy Surrounds Former BBNaija HM, Ka3na Jones After Ritual Video With Gospel Music

  2. Body of Makeup Artiste, Abigail Frederick, Who D!ed in Boat Mishap With Jnr Pope Exhumed

  3. The Real Reason Tinubu Government Went After Bobrisky - Reno Omokri Drops Bombshell

  4. Moment Atiku Abubakar And Nyesom Wike Snub Each Other At PDP National Caucus Meeting (VID)

  5. U.S-Based Model's Accidental Post Of Her With Davido In A 'Cozy" Mood Sparks Rumors(Photos)

  6. 18-Yr-Old Usman Umar To Be Arrested For Fatal Stabbing Of Friend, Usman Abubakar In Adamawa

  7. Repentant Boko Haram Member Enlisted Into Nigerian Army Slits Woman’s Throat In Enugu Barracks

  8. Check Out The Video That Got Cubana Chief Priest Into EFCC's Net

  9. "Why Zubby Michael Won’t Dare Mourn Junior Pope" - Actress Angela Okorie

  10. PICS: Ex Ooni Of Ife's Wife, Queen Naomi Ties The Knot Again On Her 31st Birthday

TOP MEMBERS:
  • gogoman 944
  • fineboy77 614
  • felicilin 475
  • bohlah 245
  • kacylee 230
Read More

Featured Topics

. Farmer, Terkula Chile Remanded Over Attempted Murder In Benue

. Faces Of Four Full Grown Men Nabbed For Alleged Transformer Theft In Ebonyi

. Portable Brags About His International Status As A Caucasian Lady Requests For A Photo With Him

. Mohbad’s Widow, Wumi Claims She's Clueless About Court Pending DNA Test Order

. Jubilation In Nigeria As Many Are Currently Receiving N50k Inside Their Account From Tinubu's Govt

. PDP CRISIS: National PDP Caucus Gives Nod To Damagum’s Continuation In Office As Acting Chairman

. VIDEO: Davido Brags, Says He's The Only GOAT In Nigeria

. Portable Calls Out, Alaafin's Ex Wife, Queen Dami For Refusing to Get Pregnant For Him

. Actor Zubby Michael Finally Replies Those Dragging Him For Not Mourning Colleague Junior Pope

. JUST IN: FCCPC Shuts Down Popular 4U Supermarket in Abuja Over ‘Unfair Pricing’

. Infamous 'Womb Raider' Bags 50yr Jail Term After Ripping Out Baby From a Heavily Pregnant Teen

. VIDEO: Lady Tackles Pastor David Ibiyeomie For Demanding 20% of Members' Salaries As Offering

. Truck Driver, Obiefile Nwagha Arrested As Police Intercept 1,040 Wraps of Indian Hemp in Lagos

. Commissioner DJ Wysei Remanded in Kirikiri Till May 8 Over Alleged Assault on Police Officer

. BREAKING: EFCC Officially Declares Ex Kogi State Governor, Yahaya Bello Wanted

. Controversial Singer, Brymo Queries Tiwa Savage Over Lyrics Of Her Song With Simi

. Lady Left In Shock After Her Father’s Side Chick Shares Loved Up Video Of Them

. EX Anambra Gov Obiano Loses Bid To Stop N40billion Money Laundering Case

. Edo Commissioner, Uyi Oduwa-Malaka Stripped Of Chieftaincy Title For Disrespecting Monarch

. Man, John Timothy Arraigned For Allegedly Stealing N1.2m From Dead Man’s Bank Account

. 'Give Your Partner Any Style He/She Wants In Bed, Don't All Spirituality Kill Your Marriage' -Man Advises

. How Car Detached From Tow Truck Crushes Woman To Death In Anambra

. Police Apologise Following Mix Up Of DJ Switch Alleged Arrest

. Who Be Your Papa? – Nollywood Actor, Emeka Ike Blasts Alleged Son Who Left School For Music

.. What I Ordered Vs What I Got: Nigerian Lady Shares Video Of Wig She Purchased For N135k

.. Heartbroken Wife Cries Out After Cheating Husband Infects Her With HIV 5 Months After Marriage

. Ganduje’s Son Visits Kano Anti-Graft Agency Amid ‘Corruption’ Charges Against His Dad

. Absence Of Witnesses Stalls Trial Of Lagos Pastor Who Allegedly R@ped & Impregnated 17Yr Old Daughter

. 40Yr Old Man, Tim Arrested For Allegedly R@ping 14Yr Old Girl In Anambra Says He Was Tempted

. Bandits Invade Community In Kaduna, Kidnap Villagers

More Featured Topics