Nigeria's Dangote refinery to import crude from U.S.

Рет қаралды 5,754

Күн бұрын

The announcement comes as the Dangote refinery intensifies moves to start pumping out refined products. The facility is targeting an initial processing rate of 350,000 barrels a day before ramping up toward its full capacity.
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Пікірлер: 38

@moonlightchannel-wr1ud 5 ай бұрын

Everything is business you can buy raw material from anywhere process finish goods sell at market value .God bless dangote

@cmartin5903 5 ай бұрын

Amen...❤That's Economical ❤

@RobertsDigital 4 ай бұрын

Then whats the point building the refinery then... That's 0% gain. I was thinking the Dangote refinery will make Nigeria richer through exports. But they are still making the Us & Europe richer.

@gusmotorsports 5 ай бұрын

This is what happens when you are not united in your own country.

@SiaFetz46664 5 ай бұрын

Where is Nigeria's oil....?

@youme1414 5 ай бұрын

Hehehe... Ask the Nigerian leaders.

@sundayejeh7050 2 ай бұрын

This is too bad that means Nigeria is still under bondage of colonialism Nigeria must unite that's when Nigeria can become great

@sulaak 5 ай бұрын

USA refineries cannot process shale oil; hence, they must export it for external processing. Watch this brilliant podcast on Why the U.S. Can’t Use the Oil It Produces kzbin.info/www/bejne/rJa3k6iCqpytpMU Nigeria is now moving into the processing and industrial sectors, where the country imports raw materials and exports industrialized products

@scatmanz2496 5 ай бұрын

Whaaat 😢😢😢😢 Unbelievable..

@cmartin5903 5 ай бұрын

I hope that they are selling it back to America and Europe after they have added value. And Nigeria really needs infrastructure in order to bring the oils from the fields. You need oil trains. ❤ What of African countries with oil, perhaps they can buy from them too..?

@fistandpen2505 5 ай бұрын

General infrastructure is not the problem here (it is A problem, understood). Nigeria's oil arm NNPC is not operationally productive for a host of systematic reasons. It just doesn't run well as a government run institution. As far as African countries with oil, most including Nigeria, are not meeting or barely meeting their OPEC output quota, so doubt they have oil to give, particularly at competitive prices. Also, outside of Nigeria which is THE country, there's really only a handful of countries that move oil in global commercial quantities. Angola, Algeria . That's the short list.

@RastaAfricanGentleman 5 ай бұрын

@@fistandpen2505 why not buy from those though outside price but all at Africa Free Trade Movement?

@mekonenmenghistuab4042 3 ай бұрын

Same men don't believe in brother savers

@sulner9997 5 ай бұрын

doesnt shell own alot of oil fields in nigeria

@mouricegriffiths1670 5 ай бұрын

They sold out their shears and left

@youme1414 5 ай бұрын

@@mouricegriffiths1670 Not true. They plan to sell their onshore oil properties and stay with the offshores.

@cmartin5903 5 ай бұрын

How did shell obtain those oil fields to begin with? ❤

@backhand67 5 ай бұрын

what? i don't understand why nigeria would buy oil from US.

@sulaak 5 ай бұрын

@penekedirero4636 5 ай бұрын

Because it's America's money that built this refinery. This investment is not based on short term view so this reasons stated here are irrelevant because contracts come to an end and prices change over time so dangote could have geared this refinery to local crude and Nigeria can always increase production.