shippingposition
  • Home
  • News
  • Editorial
    • Vox Pop
  • Maritime safety
  • Oil and Gas
  • Personality
  • Health
No Result
View All Result
shippingposition

Home » Why We Can’t Build Refineries: Total Plc

Why We Can’t Build Refineries: Total Plc

by Ade
July 5, 2009
in Uncategorized

Multinational down stream operator, Total Nigeria Plc disclosed that the combined effect of Niger Delta crises, low return on investment, global economic meltdown and Nigeria’s economic environment as factors which make investment in building of refineries unattractive for the company.
Managing Director of Total Nigeria Plc, Mr. Dominique Thiolon explained during a media chat recently that building refineries is not a tea party and that such a venture requires proper planning. 
“Refining business is a long-term business and return in this kind of investment is quite low. And unfortunately, today, I must say that the economic environment, not only in Nigeria, but also in the world – with this international crisis and also the environment in Nigeria; with the unrest situation in the East (Niger Delta), it is not profitable to take this kind of decision.”
Total is one of Europe’s top rate refiner and marketer owning 13 refineries which it operates directly. Total Nigeria Plc’s parent company, Total SA of France, also has about 16,700 service stations, mainly in Europe and Africa through which it distributes motor fuels, lubricants and Liquefied Petroleum Gas (LPG), otherwise called cooking gas.
About 500 of the 16,700 retail outlets are in Nigeria. It also has five Liquefied Petroleum Gas bottling plants, three lubricant blending plants and four aviation depots.


Related Posts

VESSELS EXPECTED AT LAGOS PORT AS AT TUESDAY 10, MAY 2022

VESSELS EXPECTED AT LAGOS PORT AS AT TUESDAY 10, MAY 2022

May 10, 2022
VESSELS EXPECTED AT LAGOS PORT AS AT FRIDAY 29, APRIL 2022

VESSELS EXPECTED AT LAGOS PORT AS AT FRIDAY 29, APRIL 2022

April 29, 2022

‘Why I Pay More Attention To Rail Than Maritime Sector’- Rotimi Amaechi

September 27, 2021
ANLCA President Calls For Emergency On Reconstruction Of Roads Leading Into Apapa

ANLCA President Calls For Emergency On Reconstruction Of Roads Leading Into Apapa

May 15, 2021

Discussion about this post

Latest News

Shipping Position Interaction with Dr Eugene Nweke (Concluded)

Shipping Position Interaction with Dr Eugene Nweke (Concluded)

May 28, 2022

NNS KADA Will Further Improve Maritime Security Around Gulf Of Guniea  – CNS

AfDB Targets Wheat Importation Cut In Nigeria By 40 Per Cent

VESSELS EXPECTED AT LAGOS PORT AS AT SATURDAY 28, MAY 2022

Customs Western Marine Command Intercepts Cannabis Sativa, Rice

Minister Inaugurates Committee On Nigeria Agro Produce

Nigeria, EU Partner To Address Instability In Niger Delta

U.S. Seizes Iranian Oil Cargo Near Greek Island – Sources

VESSELS EXPECTED AT LAGOS PORT AS AT FRIDAY 27, MAY 2022

100 Days In Office: NPA MD Commissions Training School

NIMASA To Entrench Home Grown Human Capacity Development – DG

Egypt’s Suez Canal Maritime Traffic Generates $15m Daily — Official

kindly like our Facebook page

Health

Stay Away From Bush Meat To Prevent Monkeypox, NCDC Urges Nigerians
Health

Stay Away From Bush Meat To Prevent Monkeypox, NCDC Urges Nigerians

May 23, 2022

The Director-General of the Nigerian Centre for Disease Control, Dr. Ifedayo Adetifa has urged Nigerians to avoid bush meat as...

Stop Consuming Suya Roasted With Open Flames, Physician Tells Nigerians

Stop Consuming Suya Roasted With Open Flames, Physician Tells Nigerians

May 23, 2022
COVID-19, 40 Other Outbreaks Top Regional Diseases In 2021 – WAHO

COVID-19, 40 Other Outbreaks Top Regional Diseases In 2021 – WAHO

May 16, 2022
EU Relaxes Anti-COVID Measures, Drops Wearing Of Masks On Planes

EU Relaxes Anti-COVID Measures, Drops Wearing Of Masks On Planes

May 16, 2022
What You Need To Know About Monkeypox

What You Need To Know About Monkeypox

May 16, 2022
Sleep Duration Of 7 Hours Optimal For Elderly – Study

Sleep Duration Of 7 Hours Optimal For Elderly – Study

May 16, 2022
COVID-19 On Increase In Americas, Africa – WHO

COVID-19 On Increase In Americas, Africa – WHO

May 9, 2022
‘65 Per Cent Of Africa’s Population Survived COVID-19’

‘65 Per Cent Of Africa’s Population Survived COVID-19’

May 9, 2022
Seven Hours Of Sleep Ideal For Middle-Aged Persons – Study

Seven Hours Of Sleep Ideal For Middle-Aged Persons – Study

May 9, 2022
Some Things That Are Actually Damaging The Kidneys (2)

Some Things That Are Actually Damaging The Kidneys (2)

May 9, 2022

The World Of Vaccines, Before And After COVID

April 29, 2022

© 2021 Shippingposition

Navigate Site

  • Home
  • About Us
  • Contact us
  • Privacy Policy
  • Sitemap
  • Terms

Follow Us

No Result
View All Result
  • News
  • Coast To Coast
  • Oil and Gas
  • Maritime Education
  • The Terminals
  • Maritime safety

© 2021 Shippingposition