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Why We Can’t Build Refineries In Nigeria – Shell

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Mr Malcolm Brinded, the outgoing Executive Director of Shell Petroleum Development Company (SPDC), says the company cannot build a refinery in Nigeria because there are surplus refineries across the world.

Brinded, who is in-charge of the Upstream International unit of the company, made the statement in an interview with the State House correspondents, after a farewell visit to President Goodluck Jonathan at the State House.

The out-going Shell chief in Nigeria, who led a delegation to the State House, Abuja, said rather than build new refineries, the company was divesting from those it had interest in around the world.

“With respect to downstream, two comments there. Shell is divesting from refineries all over the world because there is a surplus of refineries; we no longer own any refineries even in the United Kingdom.

“I will also say because of the surplus of refineries available in a way, one has to look very closely whether building new refineries is a good investment for anyone not just for Shell but for countries involved.

“In today’s world, not looking at the past but where we are today, there is surplus of refinery capacity which essentially means many refineries in the world run at a loss.

“Which also means one can get refined products back again and pay very little for it to be refined,’’ he said.

Brinded said that building refineries was no longer profitable and that informed the company’s decision to invest in the gas sector.

According to him, Shell would continue to invest in the development of the gas sector, adding: “I do believe that investment in the downstream sector, especially gas sector in Nigeria, as I touched on, is very important.

“Nigeria has huge resources of gas that have yet to be unlocked and the potential to add to that gas not only in power but in other ways in the country.

“I think there are a lot of opportunities for Nigeria and for Shell in Nigeria and the potential much more than to consider refining.’’

Source: Vanguard Newspapers

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14 Comments

14 Comments

  1. Oghene O2k

    March 4, 2012 at 4:15 am

    I am looking 4 job,
    I am a chemist

  2. sunday

    March 4, 2012 at 4:27 am

    “I think there are a lot of opportunities for Nigeria and for Shell in Nigeria and the potential much more than to consider refining.’’….what could that be???? a country that locals dont know what it seem like to have electricity for 24hours how much more of jobs what have shell done for the people especially those one their property were use in the name of getting this oil no good road noting why not show the people some love since the government has fail them in so many ways shell should do something different talk to those fake leaders about their selfish interest let them know that there alot of people going hunger every blessed day find a way to do or add it to ur plan and present it to the government make those locals happy for goodness sake.

  3. SHITTU MURTHADOR

    March 4, 2012 at 6:21 am

    Business in nigeria is all about “padi padi” so Man what u are saying is not new.You are already saying what we expected from you.How can you tell me that if shell build refinery in the country they may run at loss,then if that is the case why fuel subsidy removal.

  4. Alaska

    March 4, 2012 at 7:02 am

    Hmmm afta promise has bn made dt 3refinery wil b build afta subsidy has bn removd… Mmstchw wiked pple mkn tins worst evryday 4 d common man…

  5. Ajala joshua

    March 4, 2012 at 9:33 am

    Shell company has to be comply with FG to beuld there own refinnary in ths country in other to relive Nigerans, after all they have made alort of the money in this country. It‘s not tomuch for this country NIGERIA to have many refinnary.

  6. Queencybest

    March 4, 2012 at 9:42 am

    Y is the government being hardless on the commoners like us,its bad But i put my trust in God Almighty

  7. Freemind

    March 4, 2012 at 9:57 am

    Nigerians should not take the word out of that shell Director seriously. Remember the current Minister of Petroleum Resources, Mrs Dieazani Madueke , she is still a shell Director. She never talks sense. It is very easy to make Shell build Refinery and Generating plant in Nigeria. Ask them to stop producing/exporting crude from any field where they are not committed to refine 20% of the produced crude locally or use 100% of the flowstation gas currently flared for small scale/LGA based power generation.I have worked/associated with the Nigerian oil industry since 1975- 36yrs and understand the mentality of the oil managers. They never have local interest unless asked to leave. All mega/large scale projects are avenues for draining dollars out of Nigeria – NAFCON, ALSCON, GASPLANTS,STEEL PLANTS, DAMS, NEVER COMPLETED DUAL CARRIAGE ROADS etc. Nigerians are never good/known at managing large scale projects except in mismanaging/stealing the money. So Presido GEJ/GOVs/LGA chairmen should avoid large/medium scale projects/failures for next 5yrs. Let’s have small scale projects everywhere like 90 power generating stations in 90 flowstations in the country where gas is currently flared; 50 butimen plants around ORE to LAGOS tar sand deposits for producing coal tar for tarring roads;7740 water boreholes/10 in each LGA – do away with world bank/IMF Federal min of water resources based water works.What about 200 fish farming ponds in each LGA or sheep/goat/cattle breeding rural based settlements to occupy Southern and Northern MILITANTS/TERRORISTS all of them better known as Nigerian BOKO HARAMs for lack of better words.They are all bunch of umemployed/unemployable youths misguided by greedy criminal politicians/ex generals the likes of IBORI, ATIKU, IBB, DESILVA, TINUBU, BUHARI, BAKARE, ODILI, ORJI UZOR KALU, NZERIBE, and other billionaires CABALS.

  8. Oghene O2k

    March 4, 2012 at 11:12 am

    Imagine, somebody that have HND in Science Lab Tech, Bsc in Industrial Chemistry, NISP, oracle from NIIT. Graduated since 2004,2005 yet no job.

  9. Riot5000

    March 4, 2012 at 1:15 pm

    YOU MAKE MORE MONEY from exporting crude, refining it elsewhere, and re-importing it.
    BP and London have no good will for the African.
    It is all about money and what they can steal from the motherland.
    TELL OBAMA why you can’t build a refinery in his country and get kicked out asap.

  10. Nworie Theola

    March 4, 2012 at 4:54 pm

    Not just a visitor but a visitor who knows nothing about Nigeria will agree that Nigeria doesn’t need a refinary. If there is anything Nigeria needs at this moment,it must be world class REFINARIES and not just refinary.

  11. Ronke

    March 4, 2012 at 6:28 pm

    What do u expect from a tax master. God will deliver Nigeria.

  12. philip Oke

    March 4, 2012 at 9:36 pm

    hmmm is only God we save us in this Nation.after all the promises that have made from the PRESIDEN AND HIS MEMBER now evrything have change.no more building of refineries again because the GOVERMENT have fulfilled their EVIL DESIRES by gathering the REMOVAL OF FUEL SUBSIDY and do what they like with. this is UNBELIEVABLE.it is a SHAMEFUL FOR SO CALLED HOUSE and LOWER HOUSE.think before U do is bether than D before U think. ONE I BELIEVE DAT IS VERY SURE*NOBODY COME WITH MONEY OR HOUSE TO EARTH and NOBODY WILL TAKE ANYTHING WHEN HE DIE.let us have the FEAR of GOD.and it shall be well with us…

  13. Chioma

    March 5, 2012 at 6:01 am

    Thanks, Mr Freemind, for your insightful comments.

  14. Iteshi

    March 5, 2012 at 6:19 am

    It’s only the people who are still under the illusion of so called ‘trust’ that cannot understand the type of govt Nigerian’s citizens normally witnessed. People were clamouring, give Goodluck Jonathan chance. Look at it now. A performing president don’t need even one whole month to start his good works. A performing president will never requested for the punishment of the poor masses who are at the verge of death out of hunger, to do the right thing. This present administration is the weakest and most insensitive govt in the entire history of Nigeria and world at large. Look at what a man who called himself a director of shell is saying? Which country among the oil-producing country in the whole world do not have refineries? All these satanic candidates shuld stop punishing the innocent and godly people in this country. Enough is enough. If Mr. IBB, Mr. Obasanjo and Orji Uzor Kalu are not brought to book 4 their evil menace against economic development of this country, then, the confused and figure-head who calls himself the president shuld stop fooling himself that he wants to fight against corruption.

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Several Injured As Thugs Attack #EndSARS Protesters, Governor Oyetola In Osun

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Several Injured As Thugs Attack #EndSARS Protesters, Governor Oyetola In Osun
Several Injured As Thugs Attack #EndSARS Protesters, Governor Oyetola In Osun

#EndSARS protesters in Osun

The Governor of Osun State, Gboyega Oyetola on Saturday, escaped an attack by thugs which happened while he was addressing #EndSARS protesters in Osogbo, the state capital.

Some of the vehicles in the Governor’s convoy were also destroyed by the thugs but the Governor himself was evacuated to safety by his security team.

Also Read: #EndSARS: Hold Enugu State Govt Responsible If Anything Happens To Us – Phyno, Kcee, Zoro

As the convoy was leaving the protest venue, some of the youths continued to stone his vehicles.

While the protest was disrupted, Governor Oyetola assured the injured victims that the government would be responsible for their medical bills.

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#EndSARS: Sanwo-Olu Constitutes Panel Of Enquiry

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#EndSARS: Sanwo-Olu Constitutes Panel Of Enquiry
#EndSARS: Sanwo-Olu Forms Panel Of Enquiry

Babajide Sanwo-Olu

In a bid to quell the #EndSARS protest which is spreading like a raging inferno across the country, Babajide Sanwo-Olu, the Governor of Lagos State has set up a panel of inquiry and restitution for victims of SARS.

This was announced in a statewide broadcast on Thursday.

The panel will be a 7-man panel which will ensure that all those with verifiable cases of SARS brutality or fatality receive compensation.

Also Read: BREAKING: EndSARS: Gov Sanwo-Olu reveals identities of policemen who harassed protesters

The Panel will be chaired by retired Justice Doris Okuwobi, while members are Ebun Adegboruwa, SAN (representing the Civil Society), Taiwo Lakanu (a retired Deputy Inspector General of Police), Patience Udoh (representing the Civil Society); Segun Awosanya aka Segalink (Human Rights Activist).

Others are Olutoyin Odusanya (Director, Citizens Mediation Center), a rep/member of the youth-led protest, and a representative of the Human Rights Commission.

There will be a help desk for the complaints and petitions to the panel.

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Governor Seyi Makinde Loses 81-Yr-Old Mother

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Governor Seyi Makinde Loses 81-Yr-Old Mother
Seyi Makinde

Oyo State Governor, Seyi Makinde

Abigail Makinde, the mother of the governor of Oyo State, Seyi Makinde, is dead.

The Chief Press Secretary to Mr Makinde, Taiwo Adisa, however, told newsmen that the family will soon make an official statement on the death of the deceased.

He said: “Yes. The family will make an official statement.

“The family will soon make an official statement. In the next few minutes, the family will make an official statement, in few minutes.”

It was gathered that Mr Makinde lost his father, Olatunbosun Makinde, a few years ago.

It was learnt that Mrs Makinde died in the early hours of Thursday.

She died at the age of 81.

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