Nigeria’s Dangote refinery, with a capacity of 650,000 barrels per day, is producing a surplus of jet fuel that can be exported globally, according to CEO David Bird. Reuters reports that lower demand in Africa has allowed the refinery to run at full capacity and position itself as a competitive international supplier, especially as global jet fuel markets tighten due to disruptions linked to the Iran conflict and the closure of the Strait of Hormuz.
Bird said the company plans to expand aggressively, aiming to add 700,000 bpd of refining capacity by 2028, with potential long-term expansion to 2.1 million bpd, including a future refinery in East Africa. He added that Nigeria has shifted from fuel shortages to surplus production since the refinery began operations.
