KEY POINTS
- The Dangote Refinery has started direct jet fuel supply to Ethiopian Airlines and other international markets.
- Global fuel shortages linked to geopolitical tensions are driving increased demand for Nigerian exports.
- While exports are booming, rising fuel prices are putting pressure on domestic airlines despite stable local supply.
The Dangote Refinery has begun direct jet fuel supply to global carriers, including Ethiopian Airlines, marking a major step into the international aviation fuel market.
Rising tensions between the United States and Iran have disrupted global fuel supply, creating shortages that have boosted demand for refined products from Nigeria.
Despite expanding globally, the refinery says it will continue to prioritise African countries, already supplying fuel to at least 11 nations on the continent.
Full Capacity Boosts Production and Exports
After completing maintenance, the refinery is now operating at full capacity, enabling it to meet local demand while exporting surplus jet fuel, diesel, and petrol.
High international demand, especially from Europe, has driven strong profits, with jet fuel exports reaching record levels and earning higher margins than many global competitors.
While Nigeria’s domestic fuel supply remains stable, rising aviation fuel prices are increasing operating costs for local airlines, raising concerns about affordability.
