OPINION BY ADEBAYO ABUBAKAR: While Nigerians wait for Dangote Refinery | TheCable
announced that barring any unforeseen circumstance, the first drop of refined petroleum products from the multi-billion dollar facility is expected on the 22nd of this month — May 2023. What that means is that by this time next week, premium motor spirit , popularly known as petrol, and diesel will be powering vehicles on Nigerian roads. The facility is estimated to have the capacity to process about 650,000 barrels of crude oil per day, making it the largest single-train refinery in the world.
What that means is that the local pump price would be subject to the vagary of the interactions of the international market forces of demand and supply – a phenomenon that is beyond the control of the federal government. With an abysmally weak Naira against the major international currencies , Nigerians have had to pay exorbitant prices for products that it pleased mother nature to deposit in the belly of their motherland.
The focus, now, should be on working towards devising the cheapest means of transportation, to convey refined products from Ibeju-Lekki where the Dangote Refinery is sited to the various fueling stations across the country. That brings us to the issue of pipelines, which remains the cheapest means of transporting liquid substances.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
$19bn Dangote Refinery: Experts line up expectations, pitfalls ahead commissioningAhead of the commissioning of the $19 billion worth Dangote Refinery on May 22, 2023, analysts have forecasted that it is not yet Uhuru for the country.
Read more »
Dangote Refinery Commissioning: Lagos urges residents to plan movement around Lekki-EpeAhead of the proposed commissioning of the Dangote Refinery by President Muhammadu Buhari on Monday, the 22nd of May, 2023, Lagos State government has urged residents to plan their movement in and out of the Lekki-Epe corridor between 8.00am and 2.00pm.
Read more »
Dangote Refinery To Meet 100% In-country Consumption Requirement – ReportA report from Dangote Industries Limited said that its to be soon commissioned Refinery will meet 100 per cent of the Nigerian requirement of all liquid
Read more »
Dangote refinery will revolutionise Nigerian oil, gas sector-Official | The Guardian Nigeria News - Nigeria and World NewsThe President, Abuja Chamber of Commerce and Industry (ACCI), Dr Al-Mujtaba Abubakar has said that Dangote refinery would revolutionise the Nigerian oil and gas sector. Abubakar who stated this in a statement by Mrs Olayemi John-Mensah, ACCI’s Media/Strategy Officer on Tuesday in Abuja, described the refinery as a game-changer for the sector. The president hailed […]
Read more »
Tinubu, Sanusi, Dangote, Wike, Akpabio To Unveil Book On El-Rufai SaturdayPresident-elect, Asiwaju Bola Ahmed Tinubu, the 14th Emir of Kano, Muhammad Sanusi II, the chairman Dangote Group, Alhaji Aliko Dangote and governors of
Read more »
Policeman killed, five injured as Dangote truck rams into vehicles in OgunA police officer on duty has died in a road accident reportedly caused by a speeding truck belonging to the Dangote Cement factory in Ogun State. Five
Read more »