Lagos, Feb. 6, 2025 – Dangote Refinery has exported two jet fuel cargoes to Saudi Aramco, the national oil company of Saudi Arabia.
Aramco is also the largest oil producer and integrated oil and gas company globally
Aliko Dangote, the President of Dangote Group, disclosed this while receiving a team of visitors from the Nigerian Economic Summit Group (NESG) to Dangote Fertiliser Limited and the Dangote Petroleum Refinery & Petrochemicals in Lagos.
Dangote said exportation of products to the global markets, especially Saudi Aramco, was due to his refinery’s world-class standards and advanced technologies.
“We are reaching the ambitious goals we set for ourselves, and I’m pleased to announce that we’ve just sold two cargoes of jet fuel to Saudi Aramco,” he said.
The Dangote refinery has steadily increased its output since its inception in 2024 to 550,000 barrels per day.
Niyi Yusuf, the NESG Chairman, said Nigeria needed more investments like the Dangote refinery for the economy to reach its $1 trillion goal.
“To achieve a $1 trillion economy, much of that must come from domestic investments. I joked during the bus ride that while others are dredging to create islands for leisure, you’ve dredged 65 million cubic tonnes of sand to create a future for the country.
“This refinery, fertiliser plant, petrochemical complex, and supporting infrastructure are monumental.
“My hope is that God grants you the strength, courage, and health to realise your ambitions and that in your lifetime, a new Nigeria will emerge,” he said.
Yusuf said such local industries were essential to Nigeria’s industrialization and would help foster the growth of Small and Medium Enterprises (SMEs).
He said the NESG would continue to advocate for an improved investment climate to attract entrepreneurs, boost development, ensure food security, and address insecurity.
“It’s inconceivable that a nation of over 230 million people, with an annual birth rate higher than the total population of some countries, is still dependent on imports to feed its citizens.
“The NESG is grateful, and I believe the nation is as well. This refinery represents the audacity of courage. It takes immense effort to do what you’ve done and still be standing and smiling.
“Thank you for inspiring us and showing that nothing is impossible. You’ve transformed Nigeria from a net importer of petroleum products to a net exporter.
“We’ve all read Think Big, but this is truly about thinking big. The message is clear: the private sector can bring about real change,” Yusuf said. (GBN)
