Nonsense? Nigeria To Build 3 Refineries in Indonesia

Date: 13-10-2011 10:14 pm (12 years ago) | Author: Daniel Bosai
- at 13-10-2011 10:14 PM (12 years ago)
Online (m)
I am so mad and baffled with this news, that I told myself I must share it without hesitation with my fellow naijapals.

If you can imagine the millions of Nigerian Graduates without jobs, Nigeria is set to sink a staggering US$2.68 billion in the construction of three oil refineries in faraway Indonesia, The Jakarta Post reported today.

The newspaper was told by Panggah Susanto, a director of the Ministry of Industry in that country, that Nigeria had been looking for a partner to refine its crude oil, and both countries agreed [for that purpose] to build three refineries in Indonesia.

"Previously they wanted the refineries to be built in Nigeria," Susanto said of the Nigerian counterparts. "However, as Indonesia is currently improving its downstream industry, Indonesia wanted the refineries to be built here instead."

Apparently, they got their will.  According to the director, "State firm PT Pertamina will buy the crude oil from Nigeria and process it here."

Indonesian-owned firm, PT Pertamina, would buy the crude oil from Nigeria and refine it in Indonesia

Nigeria has four refineries with a capacity to process 445,000bpd of crude but even if producing at full capacity, their output of about 10 million litres of petrol daily is far less than the country’s daily consumption of about 35 million litres.

 The high cost of petroleum products in the country is attributed to lack of refining capacity as fuel prices depend on the crude oil prices at the international market.

 PT Pertamina’s activities in the field of energy and petrochemicals, comprises of upstream and downstream.


It is unclear why Nigeria has chosen to refine its crude abroad, and the matter appears to be shrouded in secrecy.  The Nigerian people have not been informed of the deal, or about how it will benefit them.  

Posted: at 13-10-2011 10:14 PM (12 years ago) | Addicted Hero
- babyleslie at 14-10-2011 01:03 AM (12 years ago)
(f)
 Huh? Huh? Huh?
 Undecided Undecided
 Lips Sealed
Posted: at 14-10-2011 01:03 AM (12 years ago) | Gistmaniac
Reply
- Allen-jones at 14-10-2011 02:14 AM (12 years ago)
(m)
If true, then this is the final nail in the maladroitness / ineptitude of GEJ government. He appears to be making worse the terrible state Nigeria is in. Instead of creating jobs in Nigeria, he is taking jobs away to third-rate Indonesia. Nigeria will also pay to transport the refined oil back to Nigeria. What a way to fleece or rip off your fatherland! And the millions of Nigerians, including the labour unions are sitting quietly while politicians are looting the country blank.
Posted: at 14-10-2011 02:14 AM (12 years ago) | Upcoming
Reply
- kebella at 14-10-2011 01:23 PM (12 years ago)
(f)
rubbish......... Sad Sad
Posted: at 14-10-2011 01:23 PM (12 years ago) | Addicted Hero
Reply
- princeblinks at 1-02-2012 01:50 PM (12 years ago)
(m)
Nigerian politicians are thieves.....
Posted: at 1-02-2012 01:50 PM (12 years ago) | Newbie
Reply
- Solidstonez at 27-08-2012 05:37 PM (11 years ago)
(f)
OMG
Posted: at 27-08-2012 05:37 PM (11 years ago) | Addicted Hero
Reply
- Solidstonez at 27-08-2012 05:37 PM (11 years ago)
(f)
 Sad Sad Sad Sad Sad
Posted: at 27-08-2012 05:37 PM (11 years ago) | Addicted Hero
Reply
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