The Dangote Petroleum Refinery will export its first petrol (PMS) cargo outside Africa this weekend, marking a major milestone for the 650,000 barrels-per-day plant. A source familiar with the deal told Reuters that the refinery will load 90,000 metric tons of petrol for delivery to Asia on June 22. Independent oil trader Mercuria will handle the shipment.
Until now, all petrol exports from the Lekki-based facility have stayed within West Africa. This move signals a new phase for the refinery’s international reach and capacity.
A Dangote spokesperson confirmed, “We sell our products to those who are willing to give us the highest price. It’s the buyer’s right to take the products to any destination of their choice.”
Analysts See Global Expansion Signal
Industry observers view the export to Asia as proof that Dangote’s production has stabilized. Clementine Wallop, director at Horizon Engage, said the move shows the refinery is ready to serve global markets without neglecting Nigeria’s domestic fuel needs.
The refinery started operations in early 2024, producing diesel and naphtha in January, and petrol by September. In recent months, the facility has ramped up its intake of U.S. West Texas Intermediate (WTI) crude. Experts prefer WTI because of its high reformate yields and superior petrol blending properties.
Dangote Eyes Larger Global Market
The refinery also plans to export polypropylene through a partnership with petrochemical distributor Vinmar International. Vinmar stated that the collaboration will expand the global reach of Dangote’s petrochemical output.
Dangote’s facility aims to meet 100% of Nigeria’s refined fuel needs and still produce a surplus for export. The planned June 22 petrol shipment to Asia could mark the beginning of Nigeria’s rise as a global refined product supplier, led by Africa’s largest refinery.