Nigeria’s 650,000 barrel per day (bpd) Dangote oil refinery currently has a large surplus of jet fuel and can supply the product all over the world, Chief Executive David Bird said on Tuesday.
With demand on the African continent lower than other regions, the refinery has a surplus to export.
“We’re very grateful to be seen as a reliable, high-quality and dependable supplier able to land our product competitively all over the world,” Bird said at the S&P Global Energy Middle East Petroleum and Gas Conference in London.
Jet fuel has been one of the fuels most acutely affected by the Iran war and closure of the Strait of Hormuz.
That has presented refiners based outside the Gulf region, such as Dangote, the opportunity to supply global markets. Bird said the refinery is currently running flat out at nameplate capacity.
