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🇳🇬 Nigeria /Energy & Infrastructure

Dangote Supplies Jet Fuel to Ethiopian Airlines, Others Amid Tightness Caused by US-Iran Crisis

From The Punch · (5m ago) English Positive tone

Translated from English, summarized and contextualized by DistantNews.

TLDR

  • Dangote Refinery has begun direct supply of aviation fuel to Ethiopian Airlines and other international customers, expanding its reach beyond Nigeria.
  • The refinery is producing enough to meet domestic demand with surplus volumes exported to over 11 African countries since the Middle East crisis began.
  • The company attributes high aviation fuel costs to rising global oil prices, but emphasizes Nigeria's sufficient domestic supply due to local refining capacity.

The Dangote Petroleum Refinery and Petrochemicals is making significant strides, not only meeting Nigeria's domestic fuel needs but also becoming a key supplier to international markets. The recent commencement of direct aviation fuel deliveries to Ethiopian Airlines marks a pivotal moment, showcasing the refinery's capability and its commitment to prioritizing Africa.

Alhaji Aliko Dangote is absolutely unequivocal that it is Africa first. And we’re proud to have done a direct delivery to Ethiopian Airlines. And we will continue to export our product in surplus to Nigeria’s requirements and to our neighboring African countries. And we have done that to more than 11 African countries to date since the war began.

— David BirdDavid Bird, Managing Director of Dangote Refinery, speaking at the NAEE conference in Lagos about the refinery's export strategy.

David Bird, the Managing Director of Dangote Refinery, highlighted the company's strategy of "Africa first," emphasizing that surplus production is being exported to neighboring African nations and beyond. Since the escalation of the Middle East crisis on February 28, the refinery has supplied fuels to more than 11 African countries, demonstrating its crucial role in stabilizing regional fuel supplies amidst global volatility.

The refinery's operations are running at full capacity, a testament to the successful completion of earlier maintenance. This robust production level allows Dangote to address domestic demand while actively participating in the export market. Bird pointed out that while global oil price fluctuations, currently around $112 per barrel, inevitably affect fuel costs, Nigeria's domestic refining capacity ensures a stable supply, a significant advantage for the nation.

Right now, there is a scarcity of product. And what is worse than 100 or 120 dollar oil is no oil at all. That is being faced by both developed and developing import-dependent countries.

— David BirdBird commented on global fuel scarcity and rising oil prices during the NAEE conference.

From the perspective of The Punch, this development is a major economic triumph for Nigeria. The narrative would focus on the strategic importance of the Dangote Refinery in bolstering energy security, reducing import dependency, and generating foreign exchange through exports. The article celebrates this achievement as a symbol of Nigerian industrial prowess and its growing influence in the African energy sector. The emphasis is on self-sufficiency and regional leadership, underscoring the positive impact of significant private investment in critical infrastructure.

Right now, in Nigeria there remains fuel abundance. And that is a good thing. Obviously, our commodity is exposed to the global price variations. We can’t insulate ourselves from that, but at least we have the product. We have the fuel. We have the fertiliser. As a result of the Dangote investment. So that’s something that we should be incredibly proud of.

— David BirdBird emphasized Nigeria's sufficient fuel supply due to domestic refining capacity at the NAEE conference.
DistantNews Editorial

Originally published by The Punch in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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