Nigeria begins to export gasoline towards the Asian markets Economy news

Reuters quoted sources described by the informed that the government in Nigeria decided to export a shipment of gasoline of up to 90,000 tons towards Asia, which is the first time that refined oil from the Dangotti refinery is sold abroad.

Since the Danghotti refinery – which has a production capacity of 650 thousand barrels per day – began exporting gasoline at the beginning of last year, the shipments remained confined to the West area Africa Whose fuel needs are increasing remarkably.

The shipment is scheduled to be exported on June 22 through the company “Mercury”, according to the sources near the deal, which spoke to Reuters.

The spokesperson for the Dangoty Refinery said that the state sells its products to those who pay more, and the buyer has the right to transfer his goods to the authority he wants, without interference or dictation from any party.

Economic analysts believe that this step is a new commercial path, which expresses the refinery’s readiness to export car fuel to all parts of the world.

Cranes sit at an oil rig facility, in Lagos Nigeria, June 13, 2025. REUTERS/Sodiq Adelakun
Dangotti refinery treats 650 thousand barrels per day and will export shipments of gasoline in the ships on June 22 (Reuters)

Some experts from the consulting company in political risks said that this development shows the increasing importance of the Dangotti refinery, and it reflects the company’s confidence that production has become stable, and it is sufficient to meet the needs of the local market in Nigeria.

The Dangotti refinery is one of the huge refineries in Nigeria, with a cost of production of $ 19 billion, and it was opened in 2023.

Before that, Nigeria was exporting oil in raw form and importing it after liquidating at expensive prices, which drains the national economy, according to economic analysts.

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