Fuel oil exports from Nigeria’s Dangote Refinery are displacing European sellers in the world’s largest bunkering hub, Singapore, increasingly meeting demands in the Asian country.
Argus media reported that the newly commissioned Dangote Refinery, with a reported capacity of 650,000 b/d, is competing for fuel oil demands in Singapore and edging major exporters from Kuwait and European countries.
Singapore is expected to receive more than 270,000 tons of low-sulphur straight-run fuel oil (LSSR) from the Dangote refinery in August, according to Kpler data.
Increased output from the Dangote refinery has reportedly compensated for supply shortfalls from Kuwaiti state-owned KPC’s al-Zour refinery, which has largely redirected its output to Fujairah, forcing Singapore to import dirty fuel from Lydia and Algeria.
Europe reportedly sent 445,000 tons of fuel oil to Singapore in July, the continent’s smallest volume to Singapore since January 2023, when it sent 284,000 tons. This is reportedly due to the 135,000 tons of Dangote’s low-sulphur oil on its way to Singapore and exports from other African countries.
Recently, propaganda by Western media to discourage improved petroleum production in Nigeria in the guise of advocating for decarbonisation and climate change mitigation increased. Investigative Journalist and founder of West Africa Weekly, David Hundeyin, was commissioned for USD 500 by Dialogue Earth, an international publication sponsored by Western donors, to write a negative piece about the Dangote refinery, saying it would increase Nigeria’s carbon emissions and harm the environment.
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