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Monday, 17 October 2016

Dangote acquires gas processing company in Netherlands

Africa's richest man, Aliko Dangote has completed the acquisition of Twister B.V., a gas processing company headquartered in the Netherlands.

A statement by his company, Dangote Industries Limited (DIL) announcing the new acquisition, says the new 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 sub-sea pipeline (EWOGGS) for ultimate consumption by various industries and power plants.

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

36 comments:

livingstone chibuike said...

K

Eddy Ogbunambala said...

Ok

livingstone chibuike said...

Congrats my man

OSINANL said...

CONGRATS TO HIM....

Bonita Bislam said...

The rate at which this man is going, he may soon acquire the whole of African continent

Pretty face said...

Wow

CHERYL (aka FROM GLORY to GLORY) said...

Kudos

Long Live LIB

Uju Phil said...

Good for him, since Nlng didn't work he had to consider that of Netherlands!

Saphire Muna said...

...... Congratulations to him.......















............ Liber maniac...........

freeborn bamislam suani ahmad bamislam said...

Why not acquires it in the whole world huh.
FREEBORN HISS AND WEPT.
next please.





















#sad indeed

Alloy Chikezie said...

Congratulobia. Money speaks.

Your comment will be visible after approval.

daniel ubong said...

How many Nigerian are going there to work huh!good for u though.

Juliet Iwuno said...

Congrats to him. Linda take note!

Bree said...

Why won't he??? When government is favouring him pulling down South East Entrepreneurs..

Emy said...

Dango,so it you that wanted to buy our NLNG. God pass U. ndi oshi!

Ike Louisa said...

Great minds always move ahead.

Anonymous said...

Now it's evident that Dangote wants to buy the proposed LNG sale.. Nigeria is really at a loss!

Emeka Austin said...

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Ogenah Boris said...

He keeps expanding his sphere of influence

Nseabasi Ekpo said...

congrats Mr. Dangote

Vivian Reginalds said...

nice
-D great anonymous now as Vivian Reginalds

Eze Chinyere said...

congrates to him. A man with foresight

diara said...

Highly respected biz man







18+ Doctor Having S*X With Patient In the Hospital Watch Full Video

Genevieve Okoroigbo said...

Thank God for him.






says, Genevieve.

uk19eg said...

Why lie he never wanted to buy nlng

Blake said...

Just how wealthy is this man???😥😥😱

Anonymous said...

since nigeria LNG didn't work for him he hs gone to d Netherlands, yeye advicg too sell national assets, if u give dis man chance he will buy d federal govt,good. business man but leave nigeria out of ur buying buying,hausa man buyg lng in bonny,this man wan cause civil war and he thinks those militants in those communities will allow ur hausa brothers cross d sea to go and b directors?u need a brain reset,go and buy d groundnut pyramid in kano or all those dead textile industries at bompai in kano.

Anonymous said...

Good but will he be able to manage it. we all know how the dangote bizness looks like its not structure. hmmmmmmm

GBENGA AFOLAYAN said...

good move. one needs to generate that offshore current to cushion the local shocks

Iphie Abraham said...

Hmmmmmmmmm,too much money.









Lib addict#just passing#

AGB said...

Mumu. Some of you are so daft.Your dumb-head doesn't know that development in general comes withall these kinds of deals huh?

AGB said...

How is Nigeria at a loss? Some of you are just programmed to be dumb and full of hate. You do realize that this is business, right?

ahabike daniel said...

mogul talk

Anonymous said...

ehyaa,he has been waiting for NLNG all this time😹....your name is sorry #dangote

Anonymous said...

While Militants Bomb their resources away and Further Pollute their land others are investing

Anonymous said...

Well done Mr Dangote... your penetration into the European market gives your Nigerian company a position like no other in terms of integrity, reach and credibility. We hope that other Nigerian companies will be more visionary and follow suit . Only by this can Nigeria position itself in the world like many US companies have done for America

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