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Dangote Refinery Extends Export To Three African Countries - Politics - Nairaland e6q2w

Dangote Refinery Extends Export To Three African Countries (7790 Views)

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Islie: 5:57am On Dec 16, 2024
The Dangote refinery has exported Motor Spirit (petrol) to Cameroon, Angola, Ghana, and South Africa in the past few weeks.

The Vice President of Oil and Gas, Dangote Industries Limited, Devakumar Edwin, disclosed this while playing host to a delegation from the Japanese Business Community in Nigeria, led by Japan’s Ambassador-designate to Nigeria, Suzuki Hideo.

In a statement on Sunday, the company’s spokesman, Anthony Chiejina, quoted Edwin as confirming that products from the refinery meet international standards and are already being exported globally.

“In recent weeks, we’ve exported petrol to Cameroon, Ghana, Angola, and South Africa, among others. Diesel has gone all over the world, and jet fuel is being heavily exported to European markets. Our products are already making their mark internationally,” Edwin said.

Edwin explained that the facility is the vision of a Nigerian investor – Aliko Dangote, designed and built by Nigerians, and intended to serve the global market.

He said it is a point of pride that a Nigerian company not only designed but also built the world’s largest single-train refinery complex.

According to him, Dangote Industries Limited acted as the Engineering, Procurement, and Construction contractor for the refinery, saying cutting-edge technologies from around the world were incorporated to ensure that the facility meets the highest standards.

Edwin assured the ambassador-designate and the delegation that the company is open to collaboration, always striving to maintain the best possible standards.

“Even now, we have a lot of Japanese equipment inside both the refinery and the fertiliser plant. There are significant opportunities for collaboration, as we always seek the latest technology in any business we engage in. For instance, our cement plant laboratory is managed by robots, and we always embrace advanced technology. With Japan’s focus on technological innovation, there is ample scope for cooperation and for supplying various types of technology,” he said.

Edwin also stated that the Dangote Petrochemical project will significantly boost investment in downstream industries, creating substantial value, generating employment, increasing tax revenues, reducing foreign exchange outflows, and contributing to Nigeria’s Gross Domestic Product.

He added that by leveraging Africa’s vast crude oil resources to produce refined products locally, the Dangote Group aims to create a virtuous cycle of industrial development, job creation, and economic prosperity.

He reiterated that the refinery’s petroleum products are in demand worldwide, as it expands its polypropylene section to reduce Nigeria’s reliance on imported polypropylene, a crucial material used in packaging, textiles, and the automotive manufacturing industries.

The statement disclosed that the Japanese delegation hailed the refinery and the petrochemicals complex, describing it as an astonishing masterpiece, showcasing Nigeria’s technological advancements on the global stage.

The Japanese delegation, which toured the facilities housing both the Dangote Petroleum Refinery and Petrochemicals as well as Dangote Fertilisers, commended the technology, noting that it reinforces Nigeria’s role as the gateway to Africa.

Managing Director of the Japan External Trade Organisation, Takashi Oku, was said to have remarked that while Nigeria remains the gateway to Africa, the refinery stands as a remarkable project that showcases the country’s technological progress.

Oku added that the facility, as the world’s largest single-train refinery, is a point of immense pride for Nigeria.

“We had heard about the excellence of the Dangote Refinery through the media but seeing it in person has left us truly amazed by its vastness and grandeur. It demonstrates that Nigeria’s population is not only growing but also advancing in technology. We are keen to collaborate with Nigerian companies, especially Dangote Refinery,” he said.

Emphasising that the refinery has bolstered Nigeria’s leading position in Africa, he further noted that the facility serves as an ideal introduction to the country for the global community.

The Managing Director of Itochu Nigeria Limited, Masahiro Tsuno, was said to have also praised the sheer size and automation of the Dangote refinery, calling it a miracle and one of the wonders of the world.

I’ve seen many standalone refineries across the globe, including in Vietnam and the Middle East. However, the size of a refinery built by one single investor is probably a miracle in the world. And I’m just actually witnessing a miracle,” he said.

Tsuno indicated that his company would seek collaboration with the refinery across various sectors, including polypropylene and other petroleum products.

https://punchng.com/dangote-refinery-extends-export-to-three-african-countries/?amp

7 Likes 1 Share

Mynd44: 7:21am On Dec 16, 2024
Consumption to production economy

20 Likes 1 Share

Akfrenzy(m): 7:22am On Dec 16, 2024
grin At what Rate ?


Bcuz all these 10 Naira attached to pump ⛽ price are for certain people as their own way of settlement
Aygem(m): 7:23am On Dec 16, 2024
That is good news.

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1 Like

iichidodo: 7:23am On Dec 16, 2024
An economic masterstroke would be to insist that these countries source for Naira for their energy imports from Dangote....We are not doing Dollars again.

12 Likes

Antoeni(m): 7:23am On Dec 16, 2024
Dubious & Fraudulent Dangote , How Come That Imported Fuel Now Cheaper Than Dangote Fuel?

8 Likes

oluseyiforjesus(m): 7:25am On Dec 16, 2024
I tot Dangote refinary will crash petrol price in Nigeria
I was wrong angry

8 Likes

DeltaBachelor(m): 7:28am On Dec 16, 2024
lol
BafanaBafana: 7:30am On Dec 16, 2024
oluseyiforjesus:
I tot Dangote refinary will crash petrol price in Nigeria
I was wrong angry
Normally it should, but exchange rate is high, economy is messed up, everything is expensive

4 Likes

Saao(m): 7:32am On Dec 16, 2024
Antoeni:
Dubious & Fraudulent Dangote , How Come That Imported Fuel Now Cheaper Than Dangote Fuel?
a business man is dubious and fraudulent but your state governor isn't a thief, or fraudulent? Your president and his government isn't thief or fraudulent? Dangote owe you nothing but your government. He's a business man, if you think his products are expensive, continue to import while he export his products while you exonerate your government from every wrong doing

28 Likes 2 Shares

blacksam01: 7:42am On Dec 16, 2024
Where does Dangote keep his FX..? That is the real question... Cuz if him and all our foreign businesses bring back their FX regularly, the naira will gain massively and we all will have a better life for it....

Almost all our big banks have foreign affiliation.... When they make FX, where do they take it to..?

They left only the FG to bring in FX, and with dwindling national revenue, the FG alone can't do it

3 Likes 1 Share

omowolewa: 7:43am On Dec 16, 2024
Nice
flexyrule(m): 7:47am On Dec 16, 2024
Great
datola: 7:48am On Dec 16, 2024
Thank you @ Dangote for making Nigeria proud.

5 Likes

ogolemati: 7:49am On Dec 16, 2024
grin grin grin grin grin cheesy cheesy cheesy grin grin grin grin grin dangote did the agbero union strong thing.what happened to fuel price will crash immediately dangote refinery start work

2 Likes

integrity16(m): 7:51am On Dec 16, 2024
blacksam01:
Where does Dangote keep his FX..? That is the real question... Cuz if him and all our foreign businesses bring back their FX regularly, the naira will gain massively and we all will have a better life for it....

Almost all our big banks have foreign affiliation.... When they make FX, where do they take it to..?

They left only the FG to bring in FX, and with dwindling national revenue, the FG alone can't do it

In what way have they encouraged him to bring his Fx into Nigeria? With the way he's been badly treated by the government

1 Like

commoditiesnig: 8:04am On Dec 16, 2024
Good development from Dangote

2 Likes

Agricmoney(m): 8:06am On Dec 16, 2024
ok.

Anyway, Agriculture is life

1 Like

faoogoke(m): 8:08am On Dec 16, 2024
Thank God for this bold move by Dangote.

Many Nigerians will not appreciate the magnitude of this projects and the effects on the economy.

Perhaps Dangote needs to do a tour guide of this facility.

38 Likes

olatade(m): 8:08am On Dec 16, 2024
Government, Make it affordable to Nigerians, please!
Fearurcreeator: 8:17am On Dec 16, 2024
Antoeni:
Dubious & Fraudulent Dangote , How Come That Imported Fuel Now Cheaper Than Dangote Fuel?
Why your papa no build one?

1 Like

MichaelSokoto(m): 8:28am On Dec 16, 2024
Nigerians are id*t*s!

una mumu can never do!

1 Like

Draslo(m): 8:33am On Dec 16, 2024
ogolemati:
grin grin grin grin grin cheesy cheesy cheesy grin grin grin grin grin dangote did the agbero union strong thing.what happened to fuel price will crash immediately dangote refinery start work
School no be scam bro.

1 Like

Brenbentondiaz: 8:45am On Dec 16, 2024
Antoeni:
Dubious & Fraudulent Dangote , How Come That Imported Fuel Now Cheaper Than Dangote Fuel?

B-b-b-but your cousin working as an engineer at Dangote Refinery said it won't be ready until 2070?

2 Likes 1 Share

Silentgroper(m): 8:46am On Dec 16, 2024
So south Africa does
not have their own refinery or can't built one for themselves ...



Maybe they're waiting for their god to do what they always do ..


Cc kingcold jaceblaze randdigital
KingCold: 8:48am On Dec 16, 2024
Silentgroper:
So south Africa does have their own refinery or can't built one for themselves...



Maybe they're waiting for their god to do what they always do ..


Cc kingcold jaceblaze randdigital
You're actually bragging to the most industrialized nation in Africa.. hahahaha.. Being deprived is a bvtch

1 Like

Silentgroper(m): 8:55am On Dec 16, 2024
KingCold:
You're actually bragging to the most industrialized nation in Africa.. hahahaha.. Being deprived is a bvtch


So explain why your country is begging us for fuel ??


😒😒😒
Fiyin007: 9:04am On Dec 16, 2024
Dangote benefitted from Nigeria and got dollars from the CBN at a average official price of N460 when the dollar was around N750 at the parallel market. Of what benefit is his refinery to the entire nation when only those directly employed by him are the Beneficiary's imho if the dollars he's making from the refined products exports is not domiciled in Nigeria then he should be paying heavy export tax to the FG.

2 Likes

opes: 9:11am On Dec 16, 2024
When NNPCL said they exported PMS to UAE, they were called names here because UAE is oil producing nation, now Dangote has exported to Angola, can we say this is also propaganda? Because Angola is the second oil producing country in Africa after Nigeria

1 Like 1 Share

CHAQUR: 9:14am On Dec 16, 2024
NNPCL making Dangote wealthier than the whole country...ie. Put our refineries in order or sell them for a healthy and balance competition...which will go a long way to strengthen & stabilise the economy. A form of "Quick fix".

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