Nigeria’s flagship refinery Dangote Petroleum Refinery & Petrochemicals has again shown strength as a global player in the jet fuel sub-sector of the energy industry as it accounts for one fifth of Europe’s jet fuel imports, reinforcing its position as a major force in global aviation fuel trade.
The company 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. Reports indicated.
The 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.
The figure account for approximately 20 per cent of the continent’s total jet fuel imports during the month as 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.
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.
Speaking on the development, Managing Director/Chief Executive Officer, David Bird, Dangote Petroleum Refinery and Petrochemicals said “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.”
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