https://jiji.ng/sellerpage-577707
Grace Izilien
A 90,000 metric ton cargo of gasoline from Nigeria’s Dangote refinery will be sold out of the region and continent for the first time, and it is bound for Asia. Reuters reports.
Since the 650,000 barrel-per-day refinery started gasoline exports last year, the cargoes have have traded within the west Africa region.
Mercuria is due to load the cargo on June 22, the source close to the deal said, speaking on condition on anonymity. There was no immediate feedback on enquiry from a spokesperson for Mercuria.
However, a spokesperson for the Dangote refinery gave an insight. “We sell our products to those who are willing to give us the highest price. It’s the buyer’s right to take the products to any destination of their choice.”
Some analysts see this new trade route as the company’s readiness to supply motor fuel globally.
“This development shows the Dangote refinery’s growing global importance as a gasoline supplier, and the company’s confidence that production is now stable enough to meet Nigeria’s domestic needs,” said a director at political risk consultancy Horizon Engage Clementine Wallop.
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