Ardova Plc has entered into a bulk purchase agreement with Dangote Refinery.
The agreement will see Ardova offtake a full slate of petroleum products from the refinery, in a new framework that consolidated Ardova’s relationship with the refinery. Ardova had been a significant offtaker from the refinery since its inception.
According to the companies, the new framework will institutionalize a more robust relationship that will further enhance the emerging competitive landscape in the downstream oil and gas industry in the country.
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“This framework is in line with President Tinubu’s drive for competition and improved efficiency in the industry and will see Ardova Plc deliver products at competitive prices nationwide,” Ardova stated.
Ardova is a Nigerian leading indigenous and integrated energy company involved in the distribution of petroleum products. With an extensive network of over 700 retail outlets in Nigeria and significant storage facilities in Apapa, Lagos and Onne, Rivers State, we procure and distribute petrol (PMS), diesel (AGO), kerosene (DPK) and liquefied petroleum gas (LPG).
The company engages in the manufacturing and distribution of a wide range of quality lubricants from our oil blending plant in Apapa, Lagos. These lubricants include: Super V, Visco 2000 and Diesel Motor Oil. We are also the sole authorised distributor of Shell Engine Oils and Lubricant in Nigeria.
Source: @TheNation
