1 million tons of petrol shipped overseas as Dangote refinery takes Nigerian fuel global.
Alhaji Aliko Dangote, President of the Dangote Group, made the revelation on Tuesday at the Global Commodity Insights Conference on West African Refined Fuel Markets, which was organized by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) in collaboration with S&P Global Insights.
The Nigerian billionaire noted that the refinery exported up to a million tons of fuel during June and July 2025.
“Today, Nigeria has actually become a net exporter of refined products. Before I came on the podium, I asked my people how many tonnes of PMS we have actually exported. From June beginning to date, we have exported about 1 million tonnes of PMS, within the last 50 days,” he said.
This is a new milestone for the $19 billion, 650,000-barrel-per-day complex, which had hitherto concentrated its exports in West Africa since starting gasoline shipments in 2024.
This growth has begun to shake established markets. In January 2025, the Organization of Petroleum Exporting Countries (OPEC) stated that Dangote’s oil push was beginning to disrupt Europe’s refined fuel market.
For decades, Europe maintained a profitable $17 billion annual gasoline export business to Africa.
Experts now fear that Dangote’s efforts may bring a stop to this long-standing trading partnership.
As of April 2025, the refinery has more capacity than the top 10 biggest plants in Europe.
Source: Africabusinessinsider
