Dangote Petroleum Refinery is expanding its global presence, with plans to export three cargoes of jet fuel, totaling about 130 million liters, to Saudi Arabia.
This follows its recent shipments to the US, where over two million barrels of jet fuel were exported in March.
Ship-tracking data from Kpler shows that six vessels carrying about 1.7 million barrels of jet fuel from Dangote Refinery have arrived at US ports this month.
Additionally, the Hafnia Andromeda is set to dock at the Everglades terminal on March 29 with around 348,000 barrels of jet fuel.
Dangote Refinery, Africa’s largest with a refining capacity of 650,000 barrels per day has emerged as a key player in global fuel trade.
Experts link its entry into the US and Saudi markets to the high quality of its products and increasing confidence in Nigerian exports.
“This is a significant achievement for Nigeria. The ability of Dangote Refinery to meet the stringent quality standards of markets like the US and Saudi Arabia is a testament to its world-class operations,” said Muda Yusuf, chief executive officer of the Centre for the Promotion of Private Enterprises (CPPE).
Analysts suggest that Dangote Refinery’s shipments could impact jet fuel prices in the US, particularly as the country approaches its peak summer travel season.
“The surge in supply from Nigeria is expected to lower jet fuel prices in the US. March imports of jet fuel into the US have averaged around 226,000 barrels per day, the highest since February 2023,” said Steven Barsamian, chief operating officer of TankTiger, a US-based storage brokerage firm.
Dangote Refinery’s entry into the US market coincided with a maintenance-related shutdown at the Phillips 66 Bayway refinery in New Jersey.
