US Imports 2 Million Barrels Of Jet Fuel From Dangote Refinery

The United States imported over two million barrels of aviation fuel from the Dangote refinery in March.

The refinery confirmed this in a statement on Tuesday, saying this attests to the “unparalleled quality” of the refinery’s products and the trust that the international community places in the Dangote refinery.

Quoting data from ship-tracking service Kpler, it was said that six vessels carrying around 1.7 million barrels of jet fuel from the Dangote refinery arrived at US ports this month.

Another vessel, the Hafnia Andromeda, is set to arrive at the Everglades terminal on March 29 with approximately 348,000 barrels of jet fuel.

It was learnt that the shipments from the Dangote refinery, with a capacity of 650,000 barrels per day highlight its potential to reshape global fuel trading dynamics, establishing a new swing supplier in the Atlantic Basin.

“This shipment to the United States follows three cargoes of jet fuel, totalling around 130 million litres, exported from Nigeria to Saudi Arabia by the Dangote Petroleum Refinery. The refinery has already demonstrated its ability to compete with European refiners on gasoline exports, and these jet fuel shipments to the United States could challenge the economics of domestic producers in the world’s largest fuel-consuming nation,” the statement read.

Economist and Chief Executive Officer of the Centre for the Promotion of Private Enterprises,, Dr Muda Yusuf, stated that the export of jet fuel to the United States by the Dangote refinery is a point of pride for Nigeria.

“Nothing could be more prideful for us as a country than the fact that we now have a refinery producing products that can be exported to the United States. It speaks to the quality, standards, and trust that international communities have in the 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 said.

Source:- Punchng