Quantcast
Channel: MORSHEDI
Viewing all articles
Browse latest Browse all 4347

Dangote Refinery Makes History With US Jet Fuel Exports

$
0
0


Nigeria’s Dangote Petroleum Refinery – the world’s largest single-train refinery – is making waves globally, with the USA importing over two million barrels of its jet gasoline in March alone.

This milestone marks a serious shift in international gasoline commerce, proving Nigeria can compete with the world’s prime refiners.

A New Participant in International Gas Markets
In response to delivery knowledge from Kpler, six cargoes carrying 1.7 million barrels of Dangote’s jet gasoline have already reached US ports this month. One other cargo, the Haflia Andromeda, is because of dock in Florida on twenty ninth March with 348,000 barrels.

The 650,000-barrel-per-day refinery, which started manufacturing in January 2024, has rapidly change into a key provider within the Atlantic Basin. Earlier this yr, it despatched 130 million litres of jet gasoline to Saudi Arabia, and now its US shipments might problem American and European refiners.

Decrease Costs for US Airways Forward of Summer season
Business consultants say the inflow of Nigerian jet gasoline might lower prices for US airways simply earlier than the busy summer time journey season.

“This surge in provide from Nigeria is prone to push jet gasoline costs down,” mentioned Steven Barsamian, Chief Working Officer of TankTiger. US imports of the gasoline are at their highest since February 2023, displaying sturdy demand for Dangote’s merchandise.

A Increase for Nigeria’s International Standing

Economist Dr Muda Yusuf, CEO of the Centre for the Promotion of Personal Enterprises (CPPE), known as the exports a “main satisfaction for Nigeria”, proving the refinery meets international high quality requirements.

“Dangote Refinery is placing Nigeria on the map within the vitality sector,” he mentioned. “It is a success all Nigerians ought to have a good time and help.”

With the refinery now supplying a number of continents, analysts say it might reshape gasoline commerce—lowering Africa’s reliance on imports whereas establishing Nigeria as a key exporter.



Source link

The post Dangote Refinery Makes History With US Jet Fuel Exports appeared first on MORSHEDI.


Viewing all articles
Browse latest Browse all 4347

Trending Articles