Dangote Refinery has embarked on the export of its first jet fuel cargo to Europe.
This is another significant milestone represented by the $20 billion refinery, which has expanded its production since it began operations in April 2023, according to Business Insider.
S&P Global Commodities reported that two sources have confirmed that the Doric Breeze ship carried the first BP cargo, loading 45,000 metric tons of supply from Lekki on May 27.
Spanish refiner Cepsa also won part of this tender and is anticipated to deliver jet fuel to the continent shortly.
Dangote in April exported six cargoes of jet fuel/kerosene, all of which were delivered to Senegal, Togo, or Ghana.
According to S&P, the company expects to start supplying Petrol this month, with ultra-low sulfur diesel expected to meet export requirements for Europe by the third quarter. Spanish refiner Cepsa also won part of this tender and is anticipated to deliver jet fuel to the continent shortly.
In a recent statement in May, the CEO of Dangote Refinery, Aliko Dangote said the refinery will supply its refined products such as petrol, diesel, and aviation fuel not only to the Nigerian market but also export to other African countries once the refinery reaches full operation.
He said that the refinery will have sufficient supplies of gasoline, diesel, and aviation fuel to meet the needs of the African continent and also to export to Brazil.
“We started producing jet fuel, we are producing diesel, and by next month, we’ll be producing gasoline. What that will do, is it will be able to take most African crudes.
“Our capacity is too big for Nigeria. It will be able to supply West Africa, Central Africa, and also Southern Africa,” Dangote said.
According to him, the next phase of the refinery will start early next year.
The Dangote refinery was completed by Africa’s wealthiest individual, Aliko Dangote, with an investment of $20 billion.
The refinery, with a processing potential of 650,000 barrels per day, is the biggest in both Africa and Europe upon achieving full operational status, which is expected either this year or next.
