Ardova Plc, one of Nigeria’s leading integrated downstream oil and gas companies, has entered into a bulk purchase framework agreement with Dangote Refinery to ensure supply security at competitive prices for its customers.
According to The PUNCH, in a statement on Monday, Ardova Plc announced that the agreement formalises a longstanding relationship with the refinery, positioning the company as a key off-taker of petroleum products.
“This framework will see Ardova Plc offtake a full slate of petroleum products from the refinery. 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.
“This framework is in line with President (Bola) Tinubu’s drive for competition and improved efficiency in the industry and will see Ardova Plc deliver products at competitive prices nationwide,” the statement partly read.
