Again, Dangote Outpaces US, Emerges Europe’s Biggest Jet Fuel Supplier

 

Dr.Samuel Olabode Olusola, Chairman of Yewa North Local Government, delivering his goodwill message while Mr. Oloyede Oladipupo (left), HR Manager Dangote Packaging Limited, Ibese, Mr. Okechukwu Arua(2nd left), Head of Sustainability DCP Ibese, Hon. Dayo Ogunyinka (3rd left), Chairman CJCC, Mr. Aina Olugbenga (4th right), GM, HAM/Admin, DCP Ibese, Chief Ramoni Akinsanya (3rd right),  Baale of Abule Oke, Mr. Kola Afolabi (2nd right),  Lead Consultant, Excellence Management Support Services Ltd., and CSP (Rt.) Arowojeun Micheal (right), Ag. CSO, DCP Ibese listen.

 


Mr. Aina Olugbenga, GM HAM/Admin, Dangote Cement Plc. Ibese (standing) delivering the opening remarks while Hon. Dayo Ogunyinka (left), Chairman CJCC, Hon. (Dr.) Samuel Olabode Olusola (2nd left), Chairman, Yewa North LG, Chief. Ramoni Akinsanya (2nd right), Baale of Abule Oke and Mr. Kola Afolabi (right), Lead Consultant, Excellence Management Support Services Ltd listen





By allcitynews.ng 


Again, Dangote Petroleum Refinery & Petrochemicals has cemented its position as a rising global energy powerhouse after becoming Europe’s largest supplier of jet fuel for the second consecutive month.


With the latest development, Dangote has become unbeatable champion as with outperforming traditional exporters such as the United States and capturing approximately one-fifth of the continent’s total jet fuel imports.


The milestone underscores the refinery’s growing influence on international fuel markets and highlights Nigeria’s emergence as a strategic player in global refined petroleum trade.


Latest European import data compiled by global commodities intelligence firm Kpler show that more than 400,000 tonnes of jet fuel produced by the 700,000 barrels per day Dangote Petroleum Refinery were delivered into Europe in July, accounting 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 United States 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 United States and the Middle East.


Industry observers say the refinery is 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 United States, 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, providing the throughput 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, further strengthening Nigeria’s position as a net exporter of high-value petroleum products,” noted David Bird, MD/CEO, Dangote Petroleum Refinery & Petrochemicals



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