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The Dangote Petroleum Refinery said traders have exported 12 cargoes of refined petroleum products totalling 456,000 tonnes to several African countries.
The refinery said in a statement that the shipments were sold to foreign traders on a Free on Board (FOB) basis for delivery to places like Ghana, Tanzania, Cameroon, Côte d’Ivoire, and Togo.
“The products were sold on a FOB (Free on Board) basis to the end international traders for deliveries to the above-identified countries of export,” the refinery said.
The refinery said the cargoes consist of Premium Motor Spirit (PMS) and follow its ramp-up to a processing capacity of 650,000 barrels per day in February.
According to the statement, the exports reflect the refinery’s ability to supply refined fuel beyond Nigeria’s domestic market.
The company added that the products supplied include Euro 5 standard gasoline and diesel.
It also said supplying nearby markets could reduce logistics and supply chain delays associated with long-distance fuel imports and contribute to regional fuel supply.
“This accomplishment underscores the Dangote Refinery’s capability to not only meet but exceed Nigeria’s domestic fuel demands,” it added.
“It also demonstrates the refinery’s growing role in supplying high-quality Euro 5 gasoline and diesel to West Africa — a region long underserved and historically regarded as a dumping ground for lower-quality fuels, and other regions which have become destinations of exports.
“By supplying neighbouring and other economies, the Dangote Refinery is expected to contribute to enhancing energy security in West, East, and Central Africa; reducing logistics and supply chain delays associated with long-distance fuel imports; lowering cost pressures on regional fuel markets through proximity sourcing; and as well as building stronger trade relations between Nigeria and key African economies.”
