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In a significant development, the United States has imported over two million barrels of jet fuel from the Dangote Petroleum Refinery & Petrochemicals in March, according to industry reports. This shipment underscores the growing global demand for products from the Dangote Refinery, which commenced production in January 2024.
Six vessels carrying around 1.7 million barrels of jet fuel from the refinery arrived at US ports this month, with another vessel, the Hafnia Andromeda, expected to arrive at the Everglades terminal on March 29 with approximately 348,000 barrels of jet fuel.
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Experts say this development is a testament to the high quality of the refinery’s products and the trust that the international community places in Dangote Refinery. “Nothing could be more proud for us as a country than the fact that we now have a refinery producing products that can be exported to the United States,” said Dr. Muda Yusuf, Economist and Chief Executive Officer of the Centre for the Promotion of Private Enterprises (CPPE).
“It speaks to the quality, standards, and trust that international communities have in Dangote Refinery, because these are markets that don’t compromise on quality. They have stringent standards, and if they deem it worthy to import from Nigeria, it is a source of great pride,” he added
The Dangote Refinery has already demonstrated its ability to compete with European refiners on gasoline exports, and these jet fuel shipments to the US could challenge the economics of domestic producers in the world’s largest fuel-consuming nation.
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According to Steven Barsamian, Chief Operating Officer of TankTiger, “The surge in demand, partly driven by the influx of supply from Nigeria, is expected to lower jet fuel prices in the US ahead of the peak summer travel season.”
US jet fuel imports in March have averaged around 226,000 barrels per day, the highest since February 2023, underscoring the global demand for products from the Dangote Refinery.
Public Policy Expert, Dr. Abimbola Oyarinu, noted that the Nigerian economy would be in a better state today if the country had functional refineries in the past. “This is something that should have been addressed since 2014. Things wouldn’t have reached this point—such as high inflation and unemployment—if we had a functioning refinery.”
The Dangote Refinery is expected to shut its 204,000 barrel-per-day gasoline-making unit for 30 days for maintenance, starting on June 1. The refinery has also issued a tender to sell 128,000 metric tons of residual fuel oil in April
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