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)

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14-14-2020 zMS midmight



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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
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