Dangote refinery to export first gasoline cargo to Asia
A 90,000 metric ton of gasoline from Dangote refinery is set to be exported out of the West African region for the first time, with the shipment bound for Asia.
Dangote Refinery is set to export 90,000 metric tons of gasoline to Asia, marking its first export out of West Africa.
Since starting operations, the refinery has expanded its global reach, including shipments to Singapore and Saudi Arabia.
The refinery has supplied jet fuel to the United States, exporting approximately 1.7 million barrels to key ports.
Dangote refinery is set to export 90,000 metric tons of gasoline to Asia, marking its first gasoline shipment outside West Africa, according to a source familiar with the matter.
Since the 650,000 barrel-per-day refinery began exporting gasoline last year, its shipments have remained within West Africa. The trading firm Mercuria is expected to load the cargo on June 22, Reuters reported.
Dangote Refinery continues to expand its global footprint, ensuring steady production and solidifying its role as a significant player in the international fuel market.
In April, Singapore received a separate shipment of low-sulfur straight-run fuel oil (LSSR) from the refinery, indicating a shift in trade flows toward Asia.
LSSR is typically mixed with other fuels to produce low-sulfur fuel oil (LSFO) for bunkering or used as feedstock in various refining processes, further expanding its utility in global energy markets.
Dangote's growing influence
In addition to Asia, the refinery has made substantial inroads into other markets. For instance, it exported two consignments of jet fuel to Saudi Aramco, the world's largest energy company, highlighting its growing influence in the global energy sector.
Furthermore, the refinery has been supplying jet fuel to the United States, with reports indicating shipments of approximately 1.7 million barrels across six vessels to U.S. ports.
In January, the Organisation of the Petroleum Exporting Countries (OPEC), said Dangote's oil push in Nigeria is beginning to disrupt the oil market in Europe.
Experts revealed that the Dangote refinery might end the decades-long gasoline trade from Europe to Africa, which is valued at $17 billion per year. Last April, the refinery was ranked above Europe's ten largest refineries in capacity.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
US crude stockpiles slump, products build, EIA says
DENVER (Reuters) -U.S. crude oil stockpiles fell sharply while gasoline and distillate inventories rose last week, the Energy Information Administration said on Wednesday. Crude inventories fell by 11.5 million barrels to 420.9 million barrels in the week ending June 13, the EIA said, compared with analysts' expectations in a Reuters poll for a 1.8 million-barrel draw. Crude stocks at the Cushing, Oklahoma, delivery hub fell by 995,000 barrels, the EIA said. Oil futures extended losses despite EIA data showing a larger-than-expected decline in crude inventories. Brent crude was trading down $1.61 at $74.77 a barrel by 10:37 a.m. EDT (1437 GMT), while U.S. West Texas Intermediate crude (WTI) was at $73.39 a barrel, off $1.45. Prices had turned negative before the data release after U.S. President Donald Trump spoke on the Israel-Iran conflict and said Iran wanted to negotiate. [O/R] Refinery crude runs fell by 364,000 barrels per day, while utilization rates fell by 1.1 percentage points in the week to 93.2% of total capacity. Gasoline stocks rose by 209,000 barrels in the week to 230 million barrels, the EIA said, compared with forecasts for a 627,000-barrel build. Distillate stockpiles, which include diesel and heating oil, rose by 514,000 barrels in the week to 109.4 million barrels, versus expectations for a 440,000-barrel build, the data showed. Net U.S. crude imports fell by 1.75 million bpd, the EIA said. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Fast Company
an hour ago
- Fast Company
Malaysia's gas-fired power capacity is set to skyrocket. The cause: data centers
Malaysia is expected to add 6–8 gigawatts of gas-fired power by 2030 to address growing electricity consumption driven by demand from data centres, an industry official said. The country is expected to see the fastest surge in data centre power demand in southeast Asia, with its share of electricity consumed by data centres in the region to triple to 21% by 2027 from 7% in 2022, a joint report in May by Bain & Co with others including Google and Temasek showed. Rising gas demand could see Malaysia, the fifth-largest exporter of liquefied natural gas (LNG), start importing the super-chilled fuel in four to five years, the head of state energy firm Petronas told the Energy Asia conference this week. Megat Jalaluddin, CEO of state utility Tenaga Nasional Berhad, said he expects Malaysia to add 6–8 gigawatts of gas-fired power by building new plants and extending the life of existing ones as it looks to cut dependence on coal. That represents a 40–54% increase from the current 15 GW of gas-fired capacity. Total power consumption in Malaysia is on track to increase 30% by 2030, and Malaysia has already invited industry proposals for supply, he said. 'We want to phase out coal responsibly. Then the next best option that can basically take the place of coal is gas,' he told Reuters on the sidelines of the Energy Asia event. Malaysia could also add as much as 10 GW of renewable capacity by 2030, more than doubling the 9 GW currently, as data centres push for access to cleaner sources of power, he said. In the last two years, Malaysia has turned to its coal-fired power plants to address surging demand which grew at the fastest pace in 14 years in 2024, according to energy think-tank Ember. Data centres are expected to require 19.5 GW of power generation capacity by 2035, accounting for 52% of Peninsular Malaysia's electricity use, from about 2% now, Deputy Prime Minister Fadillah Yusof told Reuters. Technology giants including Microsoft, Nvidia, Alphabet's Google and ByteDance have announced billions of dollars in investments in Malaysia since the beginning of last year, powering an infrastructure boom. Malaysia's southern state of Johor has emerged as Southeast Asia's hottest data centre hub due to its proximity to Singapore, relatively cheap land and power and faster approvals, real estate consultancy Knight Frank said in a report.
Yahoo
an hour ago
- Yahoo
EV maker VinFast signs first dealership in California
(Reuters) -Vietnamese electric-vehicle maker VinFast on Wednesday announced its first dealership in California, and is set to begin operations this month. Sign in to access your portfolio
