Nigeria’s Dangote Petroleum Refinery has secured its position as Europe’s primary overseas provider of jet fuel for the second month in a row.
In June, the biggest refinery in Nigeria sent 466,000 tonnes of jet fuel to Europe, and for the first time, it ranked first in supply.
The following month, July, Dangote Refinery’s exports to Europe was over 400,000 tonnes, retaining its spot as top fuel supplier. This shipment accounted for about 20% of all the jet fuel Europe imported. This means that Dangote Refinery supplied a huge part (more than the US or countries in the Middle East) of the 2.06 million tonnes that Europe imported. 
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In a statement released on Thursday, August 7, the refinery announced:
“Dangote Petroleum Refinery & Petrochemicals has strengthened its position as a global supplier of premium aviation fuel after emerging as Europe’s largest jet fuel supplier for the second consecutive month, overtaking the United States and underscoring the refinery’s growing influence on international energy markets.”
How Dangote Refinery’s Exports to Europe Beats US
The problems in the Middle East, especially around the Strait of Hormuz, have made this feat possible.
The European buyers want to buy fuel from different places so they are not too dependent on the Middle East region. Hence, Dangote Refinery becomes their reliable option.
Aside from the geographical location of the refinery, which allows ships to easily transport fuel to Europe, it is modern and produces a lot of high-quality jet fuel that meets strict international standards.
In June, the refinery loaded about 550,000 tonnes of jet fuel for export, and it processed more crude oil than ever before.
What This Means For Nigeria
This recent development with Dangote Refinery’s exports to Europe makes Nigeria rely less on expensive fuel imports and earn more foreign currency instead.
Although there won’t be a sudden reduction in fuel prices, it will support local supply.
In addition to this development, the Chief Executive Officer of Dangote Refinery, David Bird, has noted that export of diesel, petrol and other fuels have also been expanded to Europe, Africa and other parts of the world.
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