Staff stand on the premises of Dangote Industries’ oil refinery and fertilizer manufacturing facility in Ibeju-Lekki, Lagos, Nigeria.
Nigeria’s 650,000 barrels per day (bpd) Dangote refinery has an enormous surplus of jet gas and will provide the product around the globe, CEO David Fowl stated on Tuesday.
As a result of demand is decrease on the African continent than in different areas, refineries have a surplus that may be exported.
“We’re very grateful to be seen as a high-quality, dependable provider that may competitively ship our merchandise around the globe,” Fowl stated on the S&P World Power Center East Oil and Gasoline Convention in London.
Jet gas is likely one of the fuels most severely affected by the Iran conflict and the closure of the Strait of Hormuz.
This has given refiners primarily based outdoors the Gulf area, comparable to Dangote, the chance to produce world markets. Fowl stated the refinery is at present working at full nameplate capability.
The refinery is planning a mission to double its manufacturing capability, which Fowl described as “ruthless duplication.”
“We count on to have 700,000 barrels per day of totally advanced refining capability on-line by the tip of 2028,” Fowl stated, including that long-lead objects have been bought and the corporate is within the technique of signing building contracts.
Fowl stated the group may then enhance its refining capability to 2.1 million barrels per day with one other refinery deliberate in East Africa, making it a big participant within the move of crude oil and refined merchandise.
Fowl stated because the Dangote refinery turned operational, Nigeria has gone from being a fuel-scarce nation to an absolute fuel-abundant nation.
