Ardova Plc, a major player in Nigeria’s downstream oil and gas industry, has signed a bulk purchase framework agreement with Dangote Refinery.
Under the agreement, Ardova will offtake a full slate of petroleum products from the Dangote Refinery, formalizing an existing relationship between the two companies. The deal is expected to enhance the competitive landscape of Nigeria’s oil and gas sector and ensure efficiency and affordability in product distribution.
The partnership aligns with President Bola Tinubu’s vision to foster competition and improved efficiency in the energy sector.
With a network of over 700 retail outlets and significant storage facilities in Apapa, Lagos State; Onne, Rivers State; and Oghara, Delta State, Ardova Plc is well-positioned to distribute petroleum products nationwide effectively.
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Ardova Plc’s Managing Director, Moshood Olajide, emphasized the company’s commitment to sustaining its investments in Nigeria, where it has operated for over six decades. “We are dedicated to investing in technology, blending solar, gas, diesel, and petrol to enhance efficiency and navigate future energy disruptions,” Olajide stated.
The company’s strategic approach aligns with Nigeria’s “Decade of Gas” initiative, which seeks to maximize the potential of Liquefied Petroleum Gas (LPG) to boost small businesses, enhance energy efficiency, and address environmental challenges associated with traditional fuels.
Ardova’s offerings include the manufacturing and distribution of quality lubricants, such as Super V, Visco 2000, and Diesel Motor Oil, from its state-of-the-art blending plant in Apapa, Lagos. It is also the sole authorized distributor of Shell Engine Oils and Lubricants in Nigeria.
With this partnership,Nigeria’s downstream oil and gas industry will be bolstered, providing lasting benefits for consumers and stakeholders alike.
