Dangote Refinery becomes sole supplier of jet fuel to Nigerian airlines

The federal government of Nigeria has declared that Dangote Refinery is now authorised to serve as the only provider of jet fuel, or Jet A1, to aircraft companies operating in the country.

The minister of aviation, Festus Keyamo, disclosed this information in an interview that aired on Channels TV and monitored by Diaspora Digital Media on Tuesday.

According to Keyamo, the airline operators consented to let the 650,000 bpd refinery serve as their sole supplier of jet fuel, with his approval and cooperation.

“The airline operators just met recently. With my blessing, it’s a decision from the airline operators in Nigeria that they should only buy from Dangote refinery Jet A1.

“You can see that yesterday we started a naira-for-crude purchase with Dangote. It’s all Naira, no Dollar component,” Keyamo said.

He clarified that the timing is perfect because Dangote and the federal government recently put the naira-for-crude agreement into effect.

He made it clear that this arrangement would lessen the strain on foreign currency.

“The price will no longer be subjected to the varying factors of the international market, nor the headwinds of oil price in the international market.

“It will be in local currency so we can be clear as to the cost of it. We will buy in naira. I’m sure we are going to have access to cheaper Jet A1 fuel,” Keyamo said.

Jet Fuel

Jet fuel, also known as aviation turbine fuel (ATF), is a specialized kerosene-based fuel designed for use in aircraft powered by gas-turbine engines.

It is refined from crude oil to meet strict quality standards for aviation use, characterized by high energy density, low freezing point, and high flash point.

Jet fuel is available in various types, including Jet-A, Jet-A1, and TS-1, with Jet-A1 being the most widely used globally.

Its production involves crude oil refining, distillation, hydroprocessing, blending, and quality control, ensuring reliability and performance for commercial, military, business, and general aviation purposes.

Dangote Refinery

The Dangote Refinery, located in Lekki, Lagos, Nigeria, is Africa’s largest oil refinery and one of the world’s largest single-train refineries.

With a capacity to process 650,000 barrels of crude oil per day, the refinery is expected to meet Nigeria’s fuel demands and export surplus to other African countries and the global market.

Valued at $18 billion, the project is spearheaded by Aliko Dangote, now Africa’s second most richest man, and is projected to reduce Nigeria’s reliance on fuel imports, create thousands of jobs, and boost the country’s economy.

Upon completion, the refinery will produce various petroleum products, including gasoline, diesel, jet fuel, and fertilizer, transforming Nigeria into a net exporter of refined petroleum products.

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