Market News
Nigeria’s Giant Oil Refinery Runs Flat Out, Keeps Europe Fueled - BLOOMBERG
By Paul Burkhardt and Bill Lehane
Billionaire Aliko Dangote’s giant refinery in Nigeria is running at full capacity and maximizing supplies of diesel and jet fuel to Europe to benefit from surging profit margins.
“Right now we’re very much maximizing our diesel, but the jet is still extremely significant from a yield perspective,” David Bird, chief executive officer of Dangote Petroleum Refinery and Petrochemicals FZE, said in an interview. “Rest assured you’re going to see a massive amount of aviation fuel still making its way to Europe.”
