Nigeria’s flagship refinery, Dangote, has, for the second consecutive month, topped the US as a global supplier of premium aviation fuel after emerging as Europe’s largest jet fuel supplier.
The foremost refinery reinforced its position as a major force in global aviation fuel trade, underscoring its growing influence on international energy markets.
How Dangote Refinery Topped US as Europe’s Largest Fuel Supplier
The latest European import data compiled by global commodities intelligence firm, Kpler, showed that more than 400,000 tonnes of jet fuel produced by the 700,000-barrel per day Dangote Refinery were delivered into Europe in July.
The data further revealed that the production accounted for approximately 20 per cent of the continent’s total jet fuel imports during the month.
“The performance follows a record 466,000 tonnes exported to Europe in June, when Nigeria first displaced the US as the region’s leading supplier of imported jet fuel.
“The sustained export performance marks a significant milestone for the refinery, demonstrating its ability to consistently supply one of the world’s most demanding fuel markets with aviation fuel that meets stringent international quality specifications.
“Europe imported approximately 2.06 million tonnes of jet fuel in July, with Dangote accounting for the single largest share of those imports, ahead of traditional suppliers from the UN and the Middle East,” the data further revealed.
Industry observers were of the view that Dangote Refinery was rapidly reshaping established Atlantic Basin fuel trade flows by offering a competitive alternative to long standing suppliers.
While European buyers have traditionally relied on refiners in the US, the Middle East and Asia, Dangote’s strategic location on Nigeria’s Atlantic Coast, combined with its scale, modern technology and export capability, has enabled it to become an increasingly important source of aviation fuel for European markets.
The refinery’s export momentum has been supported by steadily rising production.
Jet fuel loadings at Dangote’s Lekki export terminal reached a record 550,000 tonnes in June, while crude deliveries to the refinery climbed to an all time high of 660,000 barrels per day.
It has thus been providing the output required to sustain growing exports of refined petroleum products to international markets.
“The latest figures come at a time of shifting global energy flows. Although Europe received limited volumes of jet fuel from Kuwait, the United Arab Emirates and Oman in July, market disruptions around the Strait of Hormuz and evolving geopolitical dynamics have encouraged buyers to diversify supply sources.
“Against this backdrop, Dangote Refinery has emerged as a reliable and competitive supplier, reinforcing Nigeria’s growing importance in global refined products trade.
“Beyond aviation fuel, the refinery has continued to expand exports of diesel, gasoline and other refined petroleum products to destinations across Europe, Africa and other international markets.
“It has further strengthened Nigeria’s position as a net exporter of high value petroleum products,” noted David Bird, MD/CEO, Dangote Petroleum Refinery & Petrochemicals.
