Nigeria’s 650 000 barrel per day (bpd) Dangote oil refinery has a large surplus of jet fuel and can supply the product all over the world, CEO David Bird said on Tuesday.
With demand on the African continent lower than other regions, the refinery has a surplus to export.
“We’re very grateful to be seen as a reliable, high-quality and dependable supplier able to land our product competitively all over the world,” Bird said at the S&P Global Energy Middle East Petroleum and Gas Conference in London.
Jet fuel has been one of the fuels most acutely affected by the Iran war and closure of the Strait of Hormuz.
‘Ruthless replication’ project
That has presented refiners based outside the Gulf region, such as Dangote, the opportunity to supply global markets. Bird said the refinery is currently running flat out at nameplate capacity.
The refinery is planning what Bird described as a “ruthless replication” project to double capacity.
“We will bring 700 000 barrels per day of fully complex refining capacity on stream by the end of 2028,” Bird said, adding that long-lead items have been purchased and the company is in the process of awarding construction contracts.
The group could then lift refining capacity to 2.1-million bpd with another refinery planned in East Africa, helping it to become a significant player in crude and refined products flows, Bird said.
Nigeria has gone from fuel scarcity to absolute fuel abundance since the Dangote refinery came online, Bird said.
- Nigeria's Dangote oil refinery, with a capacity of 650,000 barrels per day, currently has a large surplus of jet fuel available for global export.
- The refinery operates at full capacity and benefits from lower jet fuel demand in Africa and disruptions in Gulf region supplies due to the Iran war and Strait of Hormuz closure.
- CEO David Bird announced plans to double refinery capacity to 1.35 million bpd by the end of 2028 through a "ruthless replication" project, with construction contracts underway.
- The company aims to further expand refining capacity to 2.1 million bpd by developing another refinery in East Africa, boosting its role in global crude and refined product markets.
- Since Dangote refinery started operations, Nigeria has shifted from fuel scarcity to fuel abundance, enhancing its energy supply stability.
Nigeria's 650 000 barrel per day (bpd)
"We're very grateful to be seen as a reliable, high-quality and dependable supplier able to land our product competitively all over the world," Bird said at the S&P Global Energy
Jet fuel has been one of the fuels most acutely affected by the Iran war and closure of the Strait of Hormuz.
"We will bring 700 000 barrels per day of fully complex refining capacity on stream by the end of 2028," Bird said, adding that long-lead items have been purchased and the company is in the process of awarding construction contracts.
Nigeria has gone from fuel scarcity to absolute fuel abundance since the
