< Back to all clusters
[BUSINESS] · Nigeria, United States · 13 sources

started · updated

Dangote Refinery Becomes Europe's Top Jet Fuel Supplier, Overtaking US

For the second month in a row, Nigeria's Dangote Petroleum Refinery & Petrochemicals supplied more than 400,000 tonnes of jet fuel to Europe in July, representing roughly 20 % of the continent’s total jet fuel imports and surpassing the United States as the leading supplier. The performance follows a record 466,000‑tonne export in June, when the refinery first displaced the US. Export loading at the Lekki terminal reached a record 550,000 tonnes in June, while crude intake hit an all‑time high of 660,000 barrels per day, underpinning the increased export capacity. Data from commodities intelligence firm Kpler underpin the figures. The refinery’s strategic location on Nigeria’s Atlantic coast, its modern scale and export capability are reshaping Atlantic‑Basin fuel trade flows and expanding Nigeria’s influence in international energy markets. The development has also been highlighted as a catalyst for the refinery’s upcoming IPO, which the Nigerian Exchange Group describes as a potential game‑changer for investors.

Entities

Aliko Dangote · Dangote Petroleum Refinery & Petrochemicals · David Bird · Europe · Kpler · Nigeria

Sources