By Chioma Obinagwam
In a bid to guarantee supply security at affordable prices for its customers, Ardova Plc (AP), one of Nigeria’s major integrated downstream oil and gas businesses has agreed to a bulk purchase framework with Dangote Refinery.
The company told Confiance News on Monday.
This framework, Confiance News gathered, 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 institutionalize 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 Tinubu’s drive for competition and improved efficiency in the industry and will see Ardova Plc deliver products at competitive prices nationwide,” Ardova disclosed.
Recall that Confiance News had earlier reported that the Company, during the occasion of its 60th anniversary, states that Dangote Refinery was a major part of its value chain in achieving energy security
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