Dangote Refinery has entered into a bulk purchase agreement with Ardova Plc, a leading player in Nigeria’s downstream oil and gas sector. This strategic partnership aims to ensure a reliable supply of petroleum products at competitive prices for Ardova’s customers.
A statement by Ardova Plc explained that this framework will see Ardova Plc take a full slate of petroleum products from the refinery.
In a bid to guarantee supply security at affordable prices for its customers, Ardova Plc, one of Nigeria’s major integrated downstream oil and gas businesses has agreed to a bulk purchase framework with Dangote
Refinery @dangotegroup pic.twitter.com/DXPdgCEGLX— Ardova Plc (@ardovaplc) December 31, 2024
“While Ardova Plc has been a significant off-taker from the refinery since its inception, this new framework will institutionalise a more robust relationship between the two companies to further enhance the emerging competitive landscape in the downstream oil and gas industry in the country,” the statement read.
It said the framework was in line with President Tinubu’s drive for competition and improved efficiency in the industry.
Ardova Plc is a Nigerian leading indigenous and integrated energy company involved in the distribution of petroleum products.
The company, which is also involved in the manufacturing and distribution of a wide range of quality lubricants, is the sole authorised distributor of Shell Engine Oils and Lubricants in Nigeria.
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