Dangote Refinery Supplies Jet Fuel to Ethiopian Airlines

Dangote Refinery, under the management of David Bird, has begun supplying jet fuel to Ethiopian Airlines and other international customers as of February 28, amid a global fuel crisis exacerbated by the US-Iran situation. The refinery has expanded its operations beyond Nigeria, producing enough fuel to meet domestic demand and export surplus volumes to the African and global markets.

Bird stated that the refinery currently operates at full capacity, having completed maintenance earlier in the year. The refinery produces approximately 24 million liters of jet fuel daily, with a significant portion shipped to Europe, where buyers are willing to pay a premium ahead of the summer travel season.

The refinery's ability to export is driven by excess production capacity, and it aims to prioritize African markets. Dangote's refinery is positioned to shield Nigeria's economy from global energy shocks and reduce reliance on fuel imports, with current jet fuel prices influenced by rising oil prices, which reached $112 per barrel.