Dangote Refinery Deepens Market Reach with Crude Imports and Jet Fuel Shipments | Investors King
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Dangote Refinery Deepens Market Reach with Crude Imports and Jet Fuel Shipments

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Aliko Dangote - Investors King

Dangote Petroleum Refinery has scaled up its operational footprint with the recent delivery of crude oil from the international market and the commencement of refined product exports.

According to industry data, the refinery took delivery of 146,000 metric tonnes of crude oil from the vessel Hercules, which is currently offloading its cargo at the 650,000 barrels-per-day facility in Lekki, Lagos.

In addition, another shipment of 125,000 metric tonnes is expected to arrive via the vessel Sienna, further bolstering the plant’s feedstock availability for continuous operations.

In a related development, three export vessels—Microft, STI Mighty, and PS New Orleans—have berthed at the refinery to lift 10,000 metric tonnes, 44,000 metric tonnes, and 44,000 metric tonnes of jet fuel, respectively.

The outbound shipments mark a pivotal milestone for the refinery, signalling its transition into regular export activity.

These movements reflect the growing integration of Dangote Refinery into both domestic and global supply chains. With crude imports supporting steady input and refined product exports expanding the facility’s international footprint, the refinery is progressively shifting Nigeria’s role in global energy markets.

The CEO of Petroleum Price NG, Olatide Jeremiah, confirmed the developments, stating that deregulation of the downstream sector has enabled petroleum marketers to source products from both local and international suppliers. This flexibility, according to him, is fostering increased market efficiency and delivering cost benefits to consumers.

“Deregulation has intensified competition. With Dangote Refinery now operational, marketers are not solely dependent on foreign imports. This enhances supply chain resilience and pricing advantages,” Jeremiah said.

Meanwhile, multiple tanker positions revealed continued inflows of Premium Motor Spirit (PMS) and diesel from international suppliers to various Nigerian operators, including Aiteo, A.A Rano, Obat, Pinnacle, MENJ and Rainoil. While Dangote Refinery is increasing local production, importation by marketers remains active under the deregulated framework.

The growing collaboration between the Nigerian National Petroleum Company Limited (NNPC Ltd.) and Dangote Refinery also underscores efforts to ensure long-term energy security. Both parties recently reiterated their strategic partnership, emphasizing alignment rather than rivalry.

“There is no competition between us,” said Aliko Dangote, President of Dangote Group. “NNPC is part and parcel of our business, and we are also part of NNPC. Our collective goal is to ensure Nigeria achieves energy self-sufficiency and becomes a key player in global refined product markets.”

The ramp-up in crude intake and export volumes signals a critical turning point for the refinery, which is expected to significantly reduce Nigeria’s reliance on imported fuel products and conserve foreign exchange.

Market analysts view the ongoing operations as instrumental to stabilising supply in the downstream petroleum sector and attracting foreign exchange earnings through exports.

As the refinery continues to expand throughput and refine product lines, stakeholders anticipate increased availability of locally refined PMS, AGO, aviation fuel and other derivatives in the coming quarters.

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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