Tag Archives: Netherlands

Since FG won’t sell NLNG, Dangote acquires gas processing company in Netherlands

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Dangote Industries Limited (DIL) has completed the acquisition of Twister B.V., a gas processing company headquartered in the Netherlands.

Twister B.V. used to be owned by Shell Technology Ventures Fund 1, before its recent acquisition by DIL along with its partner – First E&P.

A statement yesterday from DIL said the acquired company would help design and build the gas plants which would be critical in processing gas from oil fields for transportation via Dangote’s planned subsea pipeline (EWOGGS) for ultimate consumption by various industries and power plants.

Aliko Dangote, President & CEO of Dangote Industries Limited said, “This was an important acquisition for us. Twister’s cutting edge gas processing technology is fundamental to delivering our strategy to unlock about 3bcfd of gas in order to meet Nigeria’s gas needs.”

Twister’s CEO, John Young said, “We are delighted in the confidence DIL and First E&P have shown in Twister to be their core provider of gas separation solutions. After a very thorough due diligence our technology has been recognised as a key enabler to reduce gas project costs which is crucial in this current environment. We are excited to be part of the Dangote family of companies.”

It would be recalled that the refinery and fertilizer projects of Dangote Industries Limited are reported to have the capacity of creating a minimum of 235,000 new jobs – both direct and indirect jobs – as it becomes operational in the first quarter of 2019.

Aliko Dangote, who revealed this recently, also stated that the projects would cost a minimum of $17 billion.

Dangote said the $12 billion refinery would have a capacity of 650,000 barrels a day.

He assured that there would be market for the refined products because even in Africa, only three countries had effective functioning refinery with others importing from abroad.

He said: “Our refinery will be ready in the first quarter of 2019. Mechanical completion will be end of 2018 but we will start producing in 2019.”

When the projects fully take off in 2019, Dangote said it would help the country save $5 billion spent on the importation of oil into the country.

Dangote Aquires Gas Processing Company In Netherlands

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Reports reveal that Africa’s richest man, Aliko Dangote has finalized the acquisition of Twister B.V., a gas processing company headquartered in the Netherlands.

This was revealed in a statement by his company, Dangote Industries Limited (DIL) announcing the new acquisition,

The statement quotes Dangote as saying “This was an important acquisition for us. Twister’s cutting edge gas processing technology is fundamental to delivering our strategy to unlock about 3bcfd of gas in order to meet Nigeria’s gas needs.” Chief Executive Officer of Twister, John Young who also spoke on the new deal said, “We are delighted in the confidence DIL and First E&P have shown in Twister to be their core provider of gas separation solutions.

After a very thorough due diligence, our technology has been recognized as a key enabler to reduce gas project costs which are crucial in this current environment. We are excited to be part of the Dangote family of companies.”

Dangote is currently building a refinery and fertilizer project that is expected to be in operation in the first quarter of 2019. The projects are expected to cost a minimum of $17 billion.

Netherlands Pledges To Support Nigeria In Ogoni Clean-Up

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The Netherlands’ government to Nigeria on Monday expressed its readiness to support Nigeria in the
implementation of the United Nations Environment Programme (UNEP)-Report for the clean-up of Ogoniland in Rivers.

 

The Netherlands Ambassador to Nigeria, Amb. John Groffen, told the News Agency of Nigeria (NAN) in Lagos that his government was willing to support the implementation of President Muhammadu Buhari’s top priorities.

 

“We are closely following the implementation of the top priorities of President Buhari in increasing security, enhancing the economy and fighting corruption.

 

“In particular, the Netherlands will gladly partner with the administration in the implementation of the UNEP-report on the clean-up of Ogoniland,’’ he said.

 

Groffen also disclosed his government’s plan to support the Federal Government’s effort at addressing the situation in the Niger-Delta, as well as the reconstruction and development effort in the North-East.

 

The envoy said that consultation was already ongoing with the Nigerian government in possible areas Dutch government could offer more support.

 

Groffen also said that Dutch enterprises were waiting to see Nigeria’s new transportation, infrastructure and other sectors’ policies to enable them to increase their investment in the country.

 

“We are looking forward to hearing about government policy plans in the fields of transportation, infrastructure and other sectors. This will give Dutch enterprises a better idea of where their specific know-how, experience and technologies can be best used in Nigeria,’’ he said.

 

(NAN)

Netherlands Pledges To Boost Nigeria’s Food Production

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The Ambassador of the Kingdom of the Netherlands to Nigeria, Mr John Groffen, on Tuesday expressed his government’s readiness to support Nigeria in boosting her food production for the international market.
Groffen told newsmen in Lagos that his government would sustain the immediate-past administration’s agricultural transformation agenda, if the new administration would continue with it.
“As we all know, food is what every human needs for survival. We strongly believe that agricultural development is the key to unlocking Nigeria’s potential.

 

“Nigeria is a place that is intended for agricultural development and good food production. The agriculture development potential in Nigeria is enormous.
“Our attention goes to the agricultural transformation of the previous Nigerian government. We hope that this will continue with the present administration,’’ he said.
The envoy, who noted that Nigeria’s agriculture sector was still being faced with some challenges, disclosed that Dutch agricultural companies plan to support Nigerian farmers in their farming operations.
Groffen said that his embassy had recently facilitated a Dutch agricultural companies’ delegation to Nigeria, to enable them interact and share technical know-how with Nigerian farmers.
“Dutch agricultural companies are more than willing to share their farming experiences in boosting food production with Nigerian farmers.
“We are the second largest exporter of agricultural products in the world.
“We, therefore, think that we have some knowledge and know-how that we can and want to share with Nigerian farmers,’’ he said.
Groffen expressed optimism that the planned agricultural development cooperation with Nigeria would also afford Dutch farmers the opportunity to learn some farming operations from their Nigerian counterparts.

 

 

(NAN)