Financial Energy Review
The Dangote Petroleum Refinery has marked another significant achievement by successfully exporting two cargoes of aviation fuel to Saudi Aramco, the national oil company of Saudi Arabia.
A statement from the Lekki-based refinery on Wednesday revealed that Aliko Dangote, President of the Dangote Group, made the announcement on Tuesday during a visit by the Nigerian Economic Summit Group (NESG) to the Dangote Fertilizer Limited and the Dangote Petroleum Refinery & Petrochemicals complex in Ibeju-Lekki, Lagos State.
“We are reaching the ambitious goals we set for ourselves, and I’m pleased to announce that we’ve just sold two cargoes of jet fuel to Saudi Aramco,” Dangote stated. He added that the refinery, which began production in 2024, has steadily increased output, reaching 550,000 barrels per day.
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The sale of aviation fuel to Saudi Aramco, one of the world’s largest and most influential oil companies, signifies a notable shift in Nigeria’s petroleum industry. Historically, Nigeria has depended heavily on refined fuel imports despite being one of Africa’s largest crude oil producers. The Dangote Refinery’s entry into global markets, including the sale of fuel to a major oil player like Aramco, suggests that Nigeria may finally be on the path to reducing its reliance on imported refined petroleum products.
The transaction also highlights the high-quality standards of the Dangote Refinery, enabling it to compete on an international scale. Analysts note that successfully exporting to Saudi Arabia—a country renowned for its stringent quality standards in refining and energy—validates the refinery’s advanced capabilities.
