The Dangote Petroleum Refinery has lately exported more fuel to foreign nations as Saudi Aramco and others in the Middle East Gulf close refineries for maintenance, The PUNCH reports.
A senior officer at the Dangote refinery told our correspondent on Monday that the $20bn Lekki-based plant exported large volumes of Premium Motor Spirit (petrol), aviation fuel, and diesel to other countries in August.
The official, who spoke in confidence as he was not authorised to speak with the press, said, “We export PMS, AGO (Automotive Gas Oil or diesel), and Jet A1 (also known as aviation fuel).”
Our correspondent gathered that the Dangote refinery had supplied two long-range cargoes of fuel to the Mideast Gulf region between June and July.
According to Argus Media, a heavy refinery turnaround season in the Mideast Gulf is expected to exacerbate an already tight gasoline market in the fourth quarter, prompting key regional suppliers to boost imports.
“Saudi Arabia, which has already shut down two of its refineries, is preparing to take additional facilities offline in the coming months. Aramco’s 460,000 barrels per day Satorp refinery in Jubail is due for a 60-day shutdown in November-December, while maintenance is also planned at the Riyadh refinery in the fourth quarter,” Argus said.
