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The Dangote Petroleum Refinery has sold out its jet fuel supply to European markets from August to September, with the remaining stock reserved for Nigeria, Chairman of Dangote Petroleum and Petrochemical Limited, Aliko Dangote, has revealed.
Dangote disclosed this while delivering an address during the formal launch of the Dangote Refinery initial public offer (IPO) on the trading floor of the Nigerian Exchange Group (NGX) on Monday, September 14, 2026.
He said the refinery is serving other African and international markets, while retaining jet fuel supplies for the Nigerian market amid strong demand from Europe.
The development highlights the refinery’s growing role in international aviation fuel markets as it continues to supply refined petroleum products to markets outside Nigeria.
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What he is saying
Dangote reiterated that the refinery is the largest supplier of jet fuel to Europe, adding that European countries should thank Nigeria for helping to keep their planes flying.
- “We are also serving other African markets and international markets. As you know today, the same refinery is the largest supplier of jet fuel to Europe. Europe must really thank Nigeria under the leadership of President Bola Ahmed Tinubu for keeping their planes flying.”
- “No, I’m very serious. We’re very, very young. I think right now we’re actually being very, very careful.”
- “But the entire month of September, right from August, we sold out in terms of jet fuel. We have nothing to sell anymore; the only one that we have done is to reserve that of Nigeria.”
Dangote’s comments underline the strong demand for the refinery’s jet fuel in Europe and its decision to reserve available supply for the Nigerian market.
More insight
According to S&P Global, the Dangote Petroleum Refinery emerged as the world’s largest single exporter of aviation fuel in April, with the company set to spend a fresh $10 billion on its expansion drive to 1.4 million barrels per day.
The development came after the mega refinery attained full operational capacity in February this year, enabling it to take advantage of supply disruptions triggered by the conflict in the Middle East and significantly boost exports of refined petroleum products to international markets.
- Chief Executive Officer of the Dangote refinery, David Bird, told Platts that within weeks of attaining full capacity, the refinery responded swiftly to market shortages by increasing aviation fuel production and helping to fill supply gaps created by the conflict in the Middle East.
- The refinery again stated in August that it had overtaken the United States as Europe’s largest jet fuel supplier for the second consecutive month.
- In a statement, the refinery said, “Dangote Petroleum Refinery & Petrochemicals has strengthened its position as a global supplier of premium aviation fuel after emerging as Europe’s largest jet fuel supplier for the second consecutive month, overtaking the United States and underscoring the refinery’s growing influence on international energy markets.”
The refinery’s increasing aviation fuel exports have strengthened its position in the global refined petroleum products market.
What you should know
The Dangote Refinery had in November 2024 successfully exported its jet fuel to various international destinations, including airports in Iceland, Tenerife, and London.
According to a report by S&P Global Commodity Insights, the refinery’s Nigerian-made aviation fuel had reached prominent locations such as Heathrow Airport in the UK, as the petrochemical facility continued to scale up production.
- Between January and October 2024, the majority of the refinery’s supply was delivered to the Lome transshipment hub off Togo.
- South Korea also emerged as the largest single export destination, receiving 23,000 barrels per day (b/d) of naphtha.
The refinery’s expansion in international aviation fuel markets comes as it continues to increase production and supply refined petroleum products to both Nigerian and overseas markets.
