Dangote Refinery Exports Fuel to Saudi Arabia

Dangote Petroleum Refinery has successfully exported two jet fuel cargoes to Saudi Aramco, the world’s largest oil producer. Aliko Dangote, President of Dangote Group, made the announcement during a visit by the Nigerian Economic Summit Group (NESG) to the refinery and Dangote Fertiliser Limited in Lagos on Tuesday, February 4.

Dangote credited the success to the refinery’s world-class standards and advanced technology, stating that the facility now produces 550,000 barrels per day since operations began in 2024.

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“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.

NESG Chairman, Mr. Niyi Yusuf, commended the $20 billion refinery as a key investment for Nigeria’s industrialisation and economic growth. He stressed that such projects are crucial to reaching the country’s $1 trillion economy goal and reducing reliance on imports.

In his response, Dangote emphasized the importance of the private sector in Nigeria’s development, highlighting the challenges of infrastructure and the need for government support in providing essential services. He also pointed to the role of protecting domestic industries to promote self-sufficiency.