Dangote Petroleum Refinery has once again surpassed the United States to become Europe’s largest supplier of jet fuel, marking the second consecutive month it has achieved the feat.
The refinery said the development reflects its expanding role in the international energy market, following strong export volumes recorded in July.
“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,” the statement reads.
According to the latest European import figures compiled by global commodities intelligence firm Kpler, more than 400,000 tonnes of jet fuel produced by the Dangote refinery were shipped to Europe in July. The volume represented approximately 20 percent of the continent’s total jet fuel imports for 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 statement further reads.
“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.”
The refinery attributed its growing presence in the European aviation fuel market to its location on Nigeria’s Atlantic coast, its large production capacity, modern technology and ability to export refined products. These factors, it said, have helped position the facility as an increasingly significant alternative to established suppliers in the United States, Middle East and Asia.
Dangote also linked the increase in exports to higher production levels at the refinery.
“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 statement said.
The refinery said changes in global energy markets have also contributed to the shift in supply patterns.
“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,” the firm said.
“Against this backdrop, Dangote Refinery has emerged as a reliable and competitive supplier, reinforcing Nigeria’s growing importance in global refined products trade.”
David Bird, the Chief Executive Officer of Dangote Refinery, said the company has continued to expand shipments of diesel, petrol, aviation fuel and other refined petroleum products to destinations across Europe, Africa and other international markets.
According to Bird, the growing export volumes are strengthening Nigeria’s position as a net exporter of high-value refined petroleum products.
