Oil & Gas

Africa's largest oil refinery has marked a significant milestone by exporting its first shipment of jet fuel to Europe, solidifying its position in a market eager for diversification following the Russian-Ukrainian conflict. This development is part of a broader strategy to expand its influence and capabilities in the global energy sector.

The Dangote refinery, located in Nigeria, recently dispatched a cargo of jet fuel (kerosene) that was transported by British oil giant BP to the Netherlands. BP, along with a Spanish company, won a tender issued by the Nigerian refinery, showcasing the international demand and competitiveness for African-produced fuel.

This initial export highlights the refinery's impressive production capacity of 650,000 barrels per day. The Dangote refinery is ramping up its operations rapidly, which is beginning to shift fuel flow patterns in Western Africa. The refinery's increasing output is also a promising sign for meeting both domestic and international fuel demands.

In addition to jet fuel, the refinery has recently shipped its first batch of low-sulfur fuel oil, indicating progress toward its operational goals. This shipment supports the refinery's aim to address local petroleum product needs while expanding its export capabilities.

Since April 8, 2024, the Dangote refinery has exported multiple shipments of jet fuel to countries like Senegal, Togo, and Ghana. It also plans to continue supplying the West African market through BP. The refinery is operational in exporting naphtha, fuel oil, and diesel to various regions, although it may scale back naphtha exports to focus on gasoline production. By the third quarter of 2024, the refinery aims to produce low-sulfur diesel for the European market, further establishing its role in the global energy landscape.