Aliko Dangote’s refinery receives 146,000 tonnes of global oil supply

Key Points

• Dangote Refinery receives 146,000 tonnes of crude oil as global supply flows shift; full production capacity nears at Africa’s largest oil refinery. 
• Jet fuel exports from Nigeria surge, with 98,000 tonnes shipped globally; Dangote’s $20 billion refinery disrupts international and regional energy markets. 
• Dangote, NNPC deepen energy security partnership, targeting 650,000 b/d by June; ranking it the seventh-largest refinery in the world.

The Dangote Petroleum Refinery, Africa’s largest refinery owned by the continent’s richest billionaire Aliko Dangote, has received 146,000 metric tonnes of crude oil from the global market, further accelerating its push toward full production capacity. 

The latest delivery, discharged by the vessel Hercules, comes ahead of another 125,000-tonne shipment expected via the Sienna. These developments underscore the refinery’s expanding role in regional and international supply chains.

Jet fuel exports climb as global demand builds

In a show of increasing export capacity, three vessels, Microft, STI Mighty, and PS New Orleans, have arrived to load a combined 98,000 metric tonnes of jet fuel bound for the global market. The $20 billion refinery, with a daily processing capacity of 650,000 barrels, continues to upend traditional supply flows across Africa and beyond. 

The Dangote facility has also reshaped domestic trade dynamics. Several local fuel marketers including Aiteo, Rainoil, Obat, and Pinnacle are now receiving imported PMS and diesel via port calls, according to tanker movement data. 

“Deregulation has empowered independent marketers to compete across domestic and international markets,” said Olatide Jeremiah, CEO of Petroleum Price NG. “This increases efficiency and benefits end-users.”

NNPC and Dangote: Fueling energy security through strategic alignment

The Nigerian National Petroleum Company (NNPC) Ltd. and Dangote Refinery recently reaffirmed their partnership to strengthen Nigeria’s energy security. Dangote emphasized the alignment: “We are partners, not competitors. NNPC is embedded in our operations, and vice versa.” 

With operations scaling fast, Dangote’s refinery processed 350,000 barrels per day (b/d) by mid-2024, hit 500,000 b/d in January 2025, and is expected to reach full capacity 650,000 b/d by June, making it the seventh-largest refinery in the world.

Following a major Saudi crude shipment in February, Dangote exported over 2 million barrels of jet fuel to the U.S. in March, extending its global energy footprint.

Aliko Dangote eyes $30 billion in annual revenue by 2026

With a net worth of $27.6 billion, Dangote remains Africa’s richest individual. His plans to grow his conglomerate to $30 billion in annual revenue by 2026 highlight a long-term strategy rooted in infrastructure, energy, and fertilizer exports. Amid shifting global trade dynamics, Dangote’s refinery marks a pivotal step toward reshaping Africa’s industrial landscape.