Home Bulletin detail

Huge Dangote Refinery Exports Gasoline Beyond Nigeria’s Borders

2024-11-20 10:06

Wedoany.com Report-Nov 20,  A tanker has hauled gasoline from Nigeria’s new Dangote plant to waters off Togo, a sign to traders that the mega-refinery’s operations could soon potentially shake up regional fuel markets.

The CL Jane Austen recently loaded more than 300,000 barrels from Dangote and sailed west, according to data from Vortexa, Kpler, Precise Intelligence, a port report and ship-tracking data compiled by Bloomberg. It’s now floating off the coast of Lome, a popular area for ship-to-ship transfers.

While the shipment is tiny in the context of the global gasoline market, it signals the ramp-up of Dangote’s production and the potential to export significant volumes of gasoline beyond Nigeria, which could upend regional markets. The refinery last month shipped its first seaborne gasoline cargo to the nearby commercial hub of Lagos.

Whether large amounts of Dangote’s gasoline output end up being exported remains to be seen. Last month, Nigeria ended its state-owned oil company’s monopoly on buying the fuel from the plant for domestic use. Meanwhile, the country continues to import fuel from Europe and the US.

It’s also not certain where the CL Jane Austen’s cargo will ultimately end up. Although it’s off Togo, the area is often used for STS transfers, meaning the fuel could subsequently be taken elsewhere.

This newsletter is compiled and reprinted from the global Internet and strategic partner information, and it is only for readers' communication. If there are any infringements or other issues, please inform us timely, this site will be modified or deleted. Email: news@wedoany.com
Bulletin
RheinCargo Begins Transporting Pipes for Future Lakes in Hambach and Garzweiler PKP Intercity Invests €333 Million in Modernization of 150 Wagons With Remtrak EU Funds €32 Million Project to Modernize Moldova’s Strategic Rail Corridor Collective Action on Climate Finance Urged Contracts Awarded for Infrastructure Upgrades to Support 750-Meter Freight Trains in Spain Major Upgrade of Česká Třebová Junction: Construction Planned Until 2031 Mercedes Benz eCitaro Fuel Cell: “H2 Mode”: New Operating Mode for All-Hydrogen Operation Latin America Shows Rising Interest in Chinese NEVs GAFI Hosts Japanese Delegation to Advance Green Energy Technology and Hydrogen Localization Californian Lithium Sulfur Battery Maker Lightens the Load for Northvolt Solar Developer Secures $145 Million Solar-Plus-Storage Project in New Mexico 11.25m Investment to Expand GridBeyond Storage Projects Triodos Energy Transition Europe Fund Commits EUR 11.25 Million in Next Phase of Partnership With GridBeyond New Partnership Commissioned to Accelerate Roll-Out of National Heat Network Needed to Meet Net Zero Goals European Hydrogen Week Commences in Brussels, Highlighting Industry Innovations and Regulatory Challenges AZAL Partners With CarbonClick to Offer Fully Integrated Carbon Offsetting Solution for Passengers Autonomous Hydrogen-Powered Mining Truck Achieves Test Successes in China New MIT Spinout Offers Scalable Solution to Convert Methane Into Green Fuels Japan’s MOL and KEPCO Partner to Explore Liquid Hydrogen Carriers MAHLE to Supply Critical Components for MAN’s 2025 Hydrogen Truck Fleet