Economy
Breaking: Dangote-Refinery Achieves Milestone: Ships 45,000 Metric Tons Of Jet Fuel To Europe (Details)
Breaking: Dangote-Refinery Achieves Milestone: Ships 45,000 Metric Tons Of Jet Fuel To Europe (Details)
The Dangote refinery in Nigeria has achieved a significant milestone with the export of its first jet fuel cargo to Europe, signaling a momentous leap in its global energy market presence and operational expansion.
S&P Global Commodity Insights reported on Friday that British Petroleum (BP) is facilitating the transportation of 45,000 metric tons of jet fuel from the Dangote refinery to Rotterdam aboard the Doric Breeze. This marks the refinery’s European market debut following a substantial 120,000 metric ton tender.
The shipment, loaded from Lekki on May 27, underscores the refinery’s rapid production escalation and adherence to European jet A1 standards, potentially reshaping trade dynamics in West Africa.
The export signifies a pivotal moment for the new 650,000 b/d complex, with BP spearheading the transportation, reflecting the refinery’s growing influence in global energy trade.
Despite the promising development, European traders caution that the influx of Nigerian jet fuel flows may exacerbate existing market weakness due to oversupply, highlighting the complexities of global energy dynamics amid evolving trade patterns.
-
Politics4 days agoTinubu Makes Fresh Appointment
-
Politics2 weeks agoBREAKING: Tinubu Inaugurates New Ministers
-
Latest News2 days agoBreaking: Okpebholo Backs Words With Action As Edo Moves To Establish Special Court For Cultism And Kidnapping Cases, Writes Chief Judge
-
Latest News2 weeks agoAbubakar Momoh Engages CCECC President At Global Infrastructure Forum In China
-
Politics1 week agoAPC Rules Out Any Review Of 2027 Primary Election Results
-
Latest News2 days agoBandits’ Captivity Death: Widow Rejects Illness Claims, Reveals What K!lled General Rabe
-
Politics4 days ago36 Governors Reveal Their Stance On State Police
-
Latest News1 week agoObasanjo Teases Abdulsalami: “I And Gowon May Not Be Alive When You Hit 100
-
Entertainment4 days agoDayo Amusa Blasts Peter Obi: “You Can’t Criticize Government And Hide Your Plans
-
Latest News1 week agoKidnap Suspects Reveal How They Abducted Adelabu’s Sister And Twin Sons
-
Latest News6 days agoYou Can’t Sign Chequebooks!’ — Wike Issues Tough Warning To FCT Area Council Chairmen
-
Politics21 hours agoVIDEO: Shettima, Atiku, Masari, Governors Storm Special Prayer For Tinubu’s Late Mother