The Dangote Refinery has successfully completed the sale of two consignments of jet fuel to Saudi Aramco, the largest oil company in the world.
Aliko Dangote, Africa’s richest man, shared this exciting news during a recent tour of the facility by the Nigerian Economic Summit Group (NESG).
This partnership with Saudi Aramco is seen by experts as a significant endorsement, positioning the Dangote Refinery among the largest refining facilities globally and highlighting its growing importance in the oil industry. …CONTINUE READING
The mega Dangote Refinery has exported two consignments of jet fuel to Saudi Aramco, the world’s biggest energy company valued at $1.92 trillion.
The move establishes Dangote Refinery as a global leader in the energy business.
Aliko Dangote confirms jet fuel sales President of Dangote Industries Limited, Aliko Dangote, disclosed this to the directors of the Nigerian Economic Group (NESG) during the facility’s tour on Tuesday, February 4, 2025, saying the refinery is making giant strides.
Dangote said the facility is already attaining great heights, selling two cargoes of jet fuel to the state-owned Saudi Aramco.
Experts say Saudi Aramco’s patronage of Dangote Refinery shows the quality and size of the refinery. In 2024, S&P Global reported that British Petroleum (BP) purchased its first jet fuel consignment from the Lekki-based refinery, with sources confirming that the shipment marked the beginning of BP cargo of about 45,000MT.
The report said the shipment shows the growing reach of products from the world’s single-train refinery as it moves to ramp up production.
In 2024, the $20 billion refinery issued tenders for the first export consignment from the refinery.
According to reports, the first cargo was 65,000 metric tonnes of low-sulphur straight-run fuel oil, which it sold to Trafigura and the second was 60,000MT naphtha.
Legit had reported that Singapore also received its first low-sulphur straight-run fuel oil cargo from Dangote Refinery.
BusinessDay reported that the development marked a new trade route between the facility and Asia. The Dangote refinery, which started production in January last year, can refine up to 650,000 barrels per day of products.
The refinery is expecting a shipment of 12 million barrels of crude oil from the US as it plans to ramp up production this June.
