NewStats: 3,262,371 , 8,176,945 topics. Date: Monday, 02 June 2025 at 02:53 AM 1w5of

The Chairman and CEO of Dangote group, Aliko Dangote has disclosed that the company is planning to set up a terminal in the Caribbean to export petroleum products to countries in the North American region.

Dangote who made this disclosure on Wednesday at the Afreximbank’s Trade and Investment Forum in The Bahamas, said the company can easily supply petroleum products to the region within 18 to 20 days.

According to the African richest man, the company will sign a bilateral agreement with the region to construct the terminal for the exportation of its petroleum products.

“I know the price in the Caribbean in of petroleum products is very high. We produce it cheaply. We can always bring it here. We can set up a terminal and we’ll be able to fix their needs.

“We will have a bilateral agreement with them and also bringing in stuff from there is not more than 18 to 20 days maximum. And then we need to set up a terminal.

“Once we set up a terminal, they will have a very cheap oil. They will have cheap energy. And by having cheap energy, their own economy will grow faster,” Dangote said.

In addition, Dangote also mentioned that the conglomerate is not only seeking to invest in petroleum products in the region but also in cement.

He stressed that the company’s cement production capacity is nearly 52 million tons and will increase to about 62 million tons by the end of next year.

The business mogul added that the firm can meet the demand of the Caribbean market by creating a win-win situation for both parties.

“It’s not only about the oil. We now have a capacity of almost 52 million cement capacity. By the end of next year, we will be at 62 million of cement capacity.

“We are not only saying that we can bring in from Nigeria or from Africa. If they have limestones, we can also produce what can satisfy them. We’ve done that before in Africa and we should be able to free them up from the shackles of other people.

“If we the ingredients like the limestone, it’s a 28 months maximum. They can all be self-sufficient. It will be a win-win between us and them,” Dangote said.

The Dangote refinery with a 650,000 barrel refining capacity has been described as the “game changer” of the oil and gas sector, it will become the largest in Africa and Europe once it begins full operation later next year.

https://leadership.ng/dangote-to-establish-petrol-terminal-in-caribbean/

With the poor Nigeria money. Many governments for the past to the present has given a common man wealth to an individual by given him a sole license and all sort of nonsense waiver but today some Nigerian are in misery no help

Mr Dangote, i just want to let you know that anyone of you so called "elites" that might have been involved in any sort of corruption for personal gain, at the detriment of the Nigerian populace, the consequences of those things will definitely catch up with you and others like you in the future. Even if you all have ed on by then, your relatives and all those that might have inherited those proceeds of corruption will face the consequences.

One thing about corruption is that it has the tendency to consume itself. All you need are people that are willing to fight and have what it takes to fight the corrupt system, all that is left is to exploit the loopholes created by the system itself.

Who dey always give this man business idea? Chai!

Una sure say Dangote no be Igbo man?

Odogwu Dangote

denko:
With the poor Nigeria money. Many governments for the past to the present has given a common man wealth to an individual by given him a sole license and all sort of nonsense waiver but today some Nigerian are in misery no help

You hate the man because he is not Ibo.

If he had been Ibo you would have been telling us how resourceful it is.

I said what I said .

Ebimpawa ooooo Dangote

Dangote means business!

My neighbor Emeka has been wailing since morning. Because of Dangote's achievements.






God bless our Dangote. We are proud of you

My man

n

Business mogul.

Let Him Go & Open One In Gaze , Who Cares,
He is Dubious and Reaping Nigerians

Golan007:


You hate the man because he is not Ibo.

If he had been Ibo you would have been telling us how resourceful it is.

I said what I said .

as much as what the person typed is asinine
your own response is even more asinine

Human extraordinaire!

Golan007:


You hate the man because he is not Ibo.

If he had been Ibo you would have been telling us how resourceful it is.

I said what I said .

Don't mind the fool. Allen onyeama is fronting for Kingsley kuku, the former chairman of the amnesty presidential program under Jonathan. Allen was an adviser to kuku then. He didn't say it's was niger deltans money they used to set up air peace. Most of them are full of bitterness.

Nice one from dangote another fx for Nigeria

Antoeni:
Let Him Go & Open One In Gaze , Who Cares,
He is Dubious and Reaping Nigerians

Bad blood ,flush it out!

denko:
With the poor Nigeria money. Many governments for the past to the present has given a common man wealth to an individual by given him a sole license and all sort of nonsense waiver but today some Nigerian are in misery no help

Did your own father apply to build a refinery and the government deny him?

Dangote is going to build another steel industry, your father hasn’t applied to build one now, when Dangote finish building it now, you’ll start another round of complain and teeth gnashing shouting again that it is a monopoly.

Takeover

jyz200:
Nice one from dangote another fx for Nigeria

Just dey play.

If that FX enter Nigeria make i no wetin cause am.

You think Dangote gives a thought about Nigeria. If he did you would have felt the impact of that thought long ago

LegendHero:


Did your own father apply to build a refinery and the government deny him?

Dangote is going to build another steel industry, your father hasn’t applied to build one now, when Dangote finish building it now, you’ll start another round of complain and teeth gnashing shouting again that it is a monopoly.

Because?

Nice one

Good one it’s your business it’s your investment
You can sell to any market you wish to
More success

turmacs:
Mr Dangote, i just want to let you know that anyone of you so called "elites" that might have been involved in any sort of corruption for personal gain, at the detriment of the Nigerian populace, the consequences of those things will definitely catch up with you and others like you in the future. Even if you all have ed on by then, your relatives and all those that might have inherited those proceeds of corruption will face the consequences.

One thing about corruption is that it has the tendency to consume itself. All you need are people that are willing to fight and have what it takes to fight the corrupt system, all that is left is to exploit the loopholes created by the system itself.

Hope you are free from ALL KINDS of corruption. Otherwise

There is a point at which this man must stop, otherwise things will begin to fall apart for him. I pray not.

My pan-african mind is like HEck YEah!! LFG!!! Setting up a terminal is a smart move. As for Cement, hopefully the team does not regret that move because CEMEX has the carribean in a chokehold. If the concession make sense, fly high!!! God Speed!!!!

Kaa4:
There is a point at which this man must stop, otherwise things will begin to fall apart for him. I pray not.

I beg to differ, they have not even scratched the surface of mega wealth potential, Dangote's goal is possibly to be at par with ARAMCO (long way to go, but it is not going to be acheived by p-footing, but by taking the opportunity as it comes and run with it all the way). This is a neglected bloc on the community of nations,The caricom bloc need the produce and can pay for it , it only make sense for the team to push to gain more market share.

Islie:

The Chairman and CEO of Dangote group, Aliko Dangote has disclosed that the company is planning to set up a terminal in the Caribbean to export petroleum products to countries in the North American region.

Dangote who made this disclosure on Wednesday at the Afreximbank’s Trade and Investment Forum in The Bahamas, said the company can easily supply petroleum products to the region within 18 to 20 days.

According to the African richest man, the company will sign a bilateral agreement with the region to construct the terminal for the exportation of its petroleum products.

“I know the price in the Caribbean in of petroleum products is very high. We produce it cheaply. We can always bring it here. We can set up a terminal and we’ll be able to fix their needs.

“We will have a bilateral agreement with them and also bringing in stuff from there is not more than 18 to 20 days maximum. And then we need to set up a terminal.

“Once we set up a terminal, they will have a very cheap oil. They will have cheap energy. And by having cheap energy, their own economy will grow faster,” Dangote said.

In addition, Dangote also mentioned that the conglomerate is not only seeking to invest in petroleum products in the region but also in cement.

He stressed that the company’s cement production capacity is nearly 52 million tons and will increase to about 62 million tons by the end of next year.

The business mogul added that the firm can meet the demand of the Caribbean market by creating a win-win situation for both parties.

“It’s not only about the oil. We now have a capacity of almost 52 million cement capacity. By the end of next year, we will be at 62 million of cement capacity.

“We are not only saying that we can bring in from Nigeria or from Africa. If they have limestones, we can also produce what can satisfy them. We’ve done that before in Africa and we should be able to free them up from the shackles of other people.

“If we [have] the ingredients like the limestone, it’s a 28 months maximum. They can all be self-sufficient. It will be a win-win between us and them,” Dangote said.

The Dangote refinery with a 650,000 barrel refining capacity has been described as the “game changer” of the oil and gas sector, it will become the largest in Africa and Europe once it begins full operation later next year.

https://leadership.ng/dangote-to-establish-petrol-terminal-in-caribbean/

That is a strategically brilliant business move. The ability to rapidly move into new markets like the Bahamas Islands and the larger Caribbean with lower prices of fuel is key here in order to earn huge returns on investments.

Guyana also recently discovered more oil and gas reserves in addition to what Trinidad and Tobago has, therefore the Caribbean is up for some great time in of refined oil production.