In a groundbreaking achievement, Dangote Petroleum Refinery has successfully exported two cargoes of jet fuel to Saudi Aramco, a leading integrated oil and gas company in the world.
Dangote Refinery Slashes Ex-Depot Petrol Price to N890
This milestone marks a significant turning point for Nigeria, as the country transitions from a net importer to a net exporter of petroleum products.
Speaking during a visit by the Nigerian Economic Summit Group (NESG) to the refinery, President of Dangote Group, Aliko Dangote, revealed that the export of jet fuel to Saudi Arabia is a testament to the world-class products being produced by the refinery.
Dangote Refinery to Import 12 Million Barrels of Crude Oil from US
“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,” he said.
The Dangote refinery, which began production in 2024, has a daily capacity of over 550,000 barrels of crude oil.
Petrol Hike: Dangote Refinery Absorbs 50% of Global Oil Increase
This massive production capacity has enabled the refinery to tap into the global market, exporting high-quality jet fuel to Saudi Arabia.
NESG Chairman, Mr. Niyi Yusuf, commended Aliko Dangote for establishing the $20 billion refinery, which is the largest single-train refinery in the world.
“To achieve a $1 trillion economy, much of that must come from domestic investments. This refinery, the fertiliser plant, petrochemical complex, and supporting infrastructure are monumental,” he said.
Yusuf emphasized the importance of local industries in driving Nigeria’s industrialization and economic growth.
He noted that the refinery and other associated projects will help foster the growth of Small and Medium Enterprises (SMEs) and create jobs for Nigerians.
Dangote reiterated the importance of the private sector in national development, stating that Nigeria’s challenges can be overcome by providing gainful employment to its people.
$20bn Dangote Refinery Will Disrupt Europe’s Oil & Gas– OPEC
He emphasized that the government stands to gain substantially when the private sector flourishes, citing the example of Dangote Cement, where 52 kobo of every naira generated goes to the government.
The export of jet fuel to Saudi Arabia is a significant milestone for Dangote Refinery and Nigeria’s oil and gas industry. It demonstrates the country’s potential to become a major player in the global energy market.