The Dangote Refinery has achieved a significant milestone by shipping jet fuel to major international locations, such as Iceland, Tenerife, and London. A report from SP Global Commodity Insights states that the refinery’s aviation fuel, made in Nigeria, is now being sent to prominent places like Heathrow Airport in the United Kingdom, showing a notable achievement in the refinery’s production and export activities.
The report revealed that between January and October this year, a large amount of the refinery’s jet fuel was sent through the Lome transshipment hub near the coast of Togo. Besides jet fuel, South Korea has become the biggest single destination for the refinery’s naphtha, with shipments averaging 23,000 barrels per day.
The $20 billion refinery has also provided significant amounts of gasoil to Ghana and other West African countries, highlighting its increasing impact on the region’s energy market. At least eight African countries are planning to buy products from the refinery once it is fully working next year.
SP Global noted that the Dangote Refinery has already made Nigeria a net exporter of jet fuel, naphtha, and fuel oil. Predictions show that by next year, Nigeria could export about 50,000 barrels per day more gasoil than it imports, with the amount expected to almost triple by 2026.
The Dangote Refinery was originally planned to help Nigeria rely less on imported fuel. However, the company is now looking into exporting petrol because the cost of fuel in Nigeria remains very high.
Data from SP Global Commodity Insights shows that Nigeria’s main oil company, the Nigerian National Petroleum Corporation (NNPC), used to import enough petrol to meet about 350,000 barrels per day of the country’s needs. However, in November, the NNPC announced plans to exclusively source petrol supplies from domestic refineries.
