Seaborne petroleum product exports from Nigeria have grown seven-fold since 2023, as output from the Dangote refinery improved regional fuel trade flows and boosted supplies to Europe and Africa, the U.S. Energy Information Administration said on Monday.
Seaborne petroleum product shipments from Nigeria averaged 561,000 barrels per day in the second quarter of 2026, compared with an annual average of 79,000 bpd in 2023, Vortexa data showed.
Of those shipments 350,000 bpd were exported during that period, compared with an annual average of 46,000 bpd in 2023.
Dangote Group’s Dangote Petroleum Refinery, located in the Lekki Free Zone near Lagos, began operations in 2024 and is the country’s largest refinery.
With the increased supply of petroleum products in Nigeria from the country’s largest refinery, imports fell, exports increased, and Nigeria became more self-sufficient in refined petroleum products, EIA said.
