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whilst the Dangote Refinery is a great idea, it appears that it is more for exports & it too won't necessarily solve our petrol/PMS/gasoline problem & in the immediate, importation will still be the main option, at least for petrol/PMS/gasoline. @IsaacAnyaogu1 @BusinessDayNg
A number of things could help the downstream petroleum industry (a) deregulation & not just the removal of subsidy (b) restructuring PPMC operations (c) having more people import & not having the citizenry pay for the inefficiencies of the PPMC or any other importer @channelstv
(d) encouraging more refineries, such that we build competencies etc. (e) Ultimately having real competition in the sector (I am sure the discerning mind knows what I mean)! (e) improve on policy formulation & improvement @MKKyari @dipoololade @channelstv @BusinessDayNg
Advantages of modular plants like mini-grids include the fact that you can start small, expand and can start more quickly. Also, the govt is currently encouraging modular plants such that regulatory bottlenecks are reduced. Costs too will be smaller that full scale refineries.
You can, however, produce diesel which alot of vehicles require & is used for power generation, can produce aviation fuel, kerosine etc. You could also obtain financing from BOI, amongst such other institutions. @chidi_esq @HETimipreSylva @FMPRng @YemieFASH @MKKyari
Challenges/setbacks include not generally being able to produce, petrol/PMS/gasoline which are the key/main white products/ petroleum products most needed in Nigeria. Also, there could be challenges around reaching financial close amongst the multiplicity of regulatory oversight.
In all, there are real opportunities in the energy (oil, gas, power & renewables) sector. If you desire to know more, you may obtain copies of my upcoming books (Understanding Petroleum {Oil and Gas} Transactions) and my new book on electric power, send me a DM. Thanks! @Dolarpo
