Nigeria's Dangote Petroleum Refinery has overtaken the United States as Europe's largest external supplier of jet fuel, exporting an estimated 466,000 metric tonnes of aviation fuel to the continent in June, according to new data from S&P Global Commodity Insights.
The shipment, equivalent to about 582.5 million litres of jet fuel, was worth an estimated ₦757 billion (approximately $553 million) at an estimated domestic price of ₦1,300 per litre.
This marks the highest volume exported from Nigeria to Europe since the country became a net exporter of jet fuel in 2024 following the commencement of production at the Dangote Refinery.
According to S&P Global's Commodities at Sea (CAS) data, Nigerian exports nearly doubled from 232,000 metric tonnes in May to 466,000 metric tonnes in June, while U.S. shipments to Europe fell sharply from 560,000 metric tonnes to 399,000 metric tonnes over the same period.
The United States had previously recorded a historic 818,000 metric tonnes of exports to Europe in April.
