NewStats: 3,265,166 , 8,185,861 topics. Date: Friday, 13 June 2025 at 05:37 PM z5t34

The Organisation of the Petroleum Exporting Countries, OPEC, has said that the production of petroleum products, including Motor Spirit, PMS, at Dangote Petroleum Refinery, is impacting the PMS market in Europe.

This is according to OPEC’s report on Wednesday.

The report stated that the emergence of the Dangote refinery has reduced the importation of petroleum products from Europe to Nigeria.

“The ongoing operational ramp-up efforts at Nigeria’s new Dangote refinery and its gasoline (petrol) exports to the international market will likely weigh further on the European gasoline market.

“Continued gasoline production in Nigeria, a country that has relied heavily on imports to meet its domestic fuel needs in the past, will most likely continue to free up gasoline volumes in international markets, which will call for new destinations and flow adjustments for the extra volumes going forward.”

In the fourth quarter of 2024, OPEC said, “Imports also declined, particularly oil product imports, improving the outlook for the external sector.”

DAILY POST reports that the 650,000 barrels per day Dangote Refinery began the rollout of PMS on September 15, heralding a new dawn for Nigeria’s oil and gas sector.

The $20 billion Lekki, Lagos-based refinery has continued to ramp up production to meet both domestic and international demands for petrol.

Recall that in November, Dangote reduced its ex-depot price of petrol to N899.50 per litre. The company then partnered with MRS filling stations to sell petrol at N935 per litre.

Dangote’s price slash prompted the Nigerian National Petroleum Company, NNPC, to also reduce its PMS price to N965 per litre.

DAILY POST reports that Nigerians now buy petrol between N935 and N1,100 per litre nationwide.

https://dailypost.ng/2025/01/16/dangote-refinery-fuel-production-impacting-european-markets-opec/

This is why they don't want a working Nigeria or even Africa at large, imagine a continent so blessed with natural resources depending on Importation and not only that, begging for loans from countries not as naturally blessed.

Leobankx:
This is why they don't want a working Nigeria or even Africa at large, imagine a continent to blessed with natural resources depending on I portion and not only that, begging for loans from countries not as naturally blessed.

You are right, sometimes Africans unwittingly these diabolical schemes.
I believe same thing is playing out with Ajaokuta. I hope Tinubu can finally fix that too.

God bless Dangote.

ElSudani:


You are right, sometimes Africans unwittingly these diabolical schemes.
I believe same thing is playing out with Ajaokuta. I hope Tinubu can finally fix that too.

Fixing Ajaokuta is a waste of money, the money that'll be used to fix it can build a modern one. The Russian contractors who built it made it very hard for anyone else to fix it.

Dangote the disruptor.

So who are the people working in the refinery?

Imagine if our 3 National refineries are working, plus Dangote's.


Una leaders for 9ja shaaaaa

Baddest!


Sai Dangote!

He singlehandedly save us from this shame and embarrassment!

May Allah bless Dangote!
May Allah bless Nigeria!
May Allah bless BAT, Buhari, GEJ, Yar'adua and others!
May Allah bless those refineries and industry builders too!

How i wished all these fuel thingy happened between 1999-2003!

Good news from the western media. Nigeria will soon get there.

Tinubu and Dangote have finally settled

Dangote is a man with balls of steel, Tulumbu backed out

That's the effect of Tinubunomics.

Putting Nigeria on the global map.

Good

Edygrin:
The Organisation of the Petroleum Exporting Countries, OPEC, has said that the production of petroleum products, including Motor Spirit, PMS, at Dangote Petroleum Refinery, is impacting the PMS market in Europe.



https://dailypost.ng/2025/01/16/dangote-refinery-fuel-production-impacting-european-markets-opec/

With Dangote's refinery now up and running, Nigeria is cutting down on petrol imports from Europe, which is great for the country's economy. The refinery can produce enough petrol to meet both local and international demands, reducing Nigeria’s reliance on imports. This not only helps lower the demand for foreign exchange needed to import fuel but also boosts Nigeria’s self-sufficiency in fuel production. The price cuts from Dangote and the NNPC further benefit Nigerians, showing how this new refinery is helping stabilize the local market and improve the external sector.

Who is Europe?

How can the child of a meat seller be eating bone ?

A certain tribe (Not all of them) swore that the refineries will never work. Just like they swore that Tinubu will never be President.

Losers

This is the same refinery that that man wanted to run down before it even started

Toh

Leobankx:
This is why they don't want a working Nigeria or even Africa at large, imagine a continent so blessed with natural resources depending on Importation and not only that, begging for loans from countries not as naturally blessed.

Oh please . Let's stop making excuses for our leaders. They don't want a working Nigeria or African, but they are ok with Dubai and Saudi, with Taiwan and Singapore? With Ghana having uninterrupted Democracy for almost 40 years.
With India becoming the number one exporter of Tech power on Earth?

Why should anyone be responsible or interested in your development? Why should what your neighbor thinks of you be any concern?

Why should your neighbor be happy or interested
or contribute to your progress when he or she has their own problems?

Nigeria has been governed for over 60 years by Nigerians and almost all these leaders from Local Government to President are now billionaires in Naira simply by stealing from the money meant to develop your country, how is that sustainable?

CodeTemplar:
God bless Dangote.

pray for yourself...God donn already bless Dangote

slimfit1:
So who are the people working in the refinery?

Lol. They recruited workers long before it was completed. Some were even sent abroad to learn better

Flangelo12:
Dangote the disruptor.

You have started again, wetin Dangote the shrewd , shylock , business man do you

babzo:

Oh please

Where's the lie?

good one. dangote could be called a thief but his thieving help us as a country

CodeTemplar:
God bless Dangote.

and Tinubu

While Nigerians argue and Obidient ls claim the Refinery is a scam

Gotocourt:
Tinubu and Dangote have finally settled

Dangote is a man with balls of steel, Tulumbu backed out

You don't know what you are talking about. You have no idea the role Tinubu played in having the refinery sited in Lagos. Why would he try to sabotage it? All these Obidients and their childish lies.

Don't loud it, let them continue to be happy in their dreams that Dangote is not refining.

Refineries in Europe were set up for export after all. It should not be a news or surprise if they collapse because their foreign consumers are no longer buying.

Those who set up refineries in Europe made mistake. They should have built them in Nigeria.

Increase in the use of electric cars will also affect the refineries in Europe not just dangote Refinery


The solution now is those refineries should be dismantled, and reassembled in Nigeria

Edygrin:

Where's the lie?

100% falsehood. We are always making excuses for ourselves. A human being like a community of human beings is 100% responsible for its success or failure.

If someone else is responsible for your success or failure that means there is nothing you can do to succeed or fail in life on your own.

Yet the useless ethanol importing cartel is fighting Dnagote