Dangote refinery to export first gasoline cargo to Asia
A 90,000 metric ton of gasoline from Dangote refinery is set to be exported out of the West African region for the first time, with the shipment bound for Asia.
Dangote Refinery is set to export 90,000 metric tons of gasoline to Asia, marking its first export out of West Africa.
Since starting operations, the refinery has expanded its global reach, including shipments to Singapore and Saudi Arabia.
The refinery has supplied jet fuel to the United States, exporting approximately 1.7 million barrels to key ports.
Dangote refinery is set to export 90,000 metric tons of gasoline to Asia, marking its first gasoline shipment outside West Africa, according to a source familiar with the matter.
Since the 650,000 barrel-per-day refinery began exporting gasoline last year, its shipments have remained within West Africa. The trading firm Mercuria is expected to load the cargo on June 22, Reuters reported.
Dangote Refinery continues to expand its global footprint, ensuring steady production and solidifying its role as a significant player in the international fuel market.
In April, Singapore received a separate shipment of low-sulfur straight-run fuel oil (LSSR) from the refinery, indicating a shift in trade flows toward Asia.
LSSR is typically mixed with other fuels to produce low-sulfur fuel oil (LSFO) for bunkering or used as feedstock in various refining processes, further expanding its utility in global energy markets.
Dangote's growing influence
In addition to Asia, the refinery has made substantial inroads into other markets. For instance, it exported two consignments of jet fuel to Saudi Aramco, the world's largest energy company, highlighting its growing influence in the global energy sector.
Furthermore, the refinery has been supplying jet fuel to the United States, with reports indicating shipments of approximately 1.7 million barrels across six vessels to U.S. ports.
In January, the Organisation of the Petroleum Exporting Countries (OPEC), said Dangote's oil push in Nigeria is beginning to disrupt the oil market in Europe.
Experts revealed that the Dangote refinery might end the decades-long gasoline trade from Europe to Africa, which is valued at $17 billion per year. Last April, the refinery was ranked above Europe's ten largest refineries in capacity.
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