Dangote Refinery to Gain from Russia's Jet Fuel Export Ban

Dangote Petroleum Refinery is expected to strengthen its position in the global aviation fuel market following Russia's decision to extend its ban on jet fuel exports until November 30, 2026. This ban is a response to ongoing attacks on Russian refinery infrastructure, particularly from Ukrainian drone strikes, which have disrupted export facilities.

Although Russia is not a major jet fuel exporter, the ban contributes to a tightening global aviation fuel supply, especially as demand recovers. In recent months, Europe has increasingly turned to alternative suppliers, including West Africa, to meet jet fuel demand due to reduced supplies from traditional Gulf sources.

Dangote's refinery has emerged as a significant player, exporting large volumes of aviation fuel to Europe, with 1.1 billion liters shipped between March and April 2026, fulfilling 95% of Nigeria's domestic jet A1 demand. The refinery's output has been part of a broader trend of 1.66 billion liters of refined products shipped during the same period, driven by strong international demand and geopolitical risks affecting supply chains.