Billionaire Dangote Boosts Jet Fuel to Europe as War Hits Supply

A mega-refinery owned by Africa’s richest person is becoming an increasingly important source of vital jet fuel supplies to Europe, helping fill a gap left by the impact of the Iran war while boosting profitability.

Aliko Dangote’s $20 billion plant in Nigeria reached full capacity just a couple of weeks before the conflict in the Middle East created a historic oil-supply disruption. Benefiting from local crude purchases that save cost, the upheaval in the market has given the billionaire a greater advantage amid deepening concerns about fuel shortages.