The United States of America bought over two million barrels of jet fuel in March from Nigeria’s Dangote Petroleum Refinery and Petrochemicals.
According to data from Kpler, six vessels carrying around 1.7 million barrels of jet fuel from Dangote refinery arrived at US ports in March.
According to the ship-tracking service firm, another vessel, Hafnia Andromeda, is set to arrive at the Everglades terminal on March 29, 2025 with approximately 348,000 barrels of jet fuel.
The shipment to the United States followed three cargoes of jet fuel, totalling around 130 million litres, exported from Nigeria to Saudi Arabia by the Dangote Petroleum Refinery, with a capacity of 650,000 barrels per day, which is Africa’s largest.
These jet fuel shipments to the United States could challenge the economics of domestic producers in the world’s largest fuel-consuming nation.
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According to Chief Operating Officer of TankTiger, Steven Barsamian: “The surge in demand, partly driven by the influx of supply from Nigeria, is expected to lower jet fuel prices in the US ahead of the peak summer travel season.”
The Dangote Refinery, which commenced production in January 2024, has already exported its products to almost every continent.
The surge in US imports was partly triggered by a maintenance-related shutdown at the Phillips 66 Bayway refinery in New Jersey.
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