Ardova agrees to buy fuel in bulk from Dangote refinery

Ardova Plc, a major integrated downstream oil and gas business, has agreed to a bulk purchase framework with Dangote Refinery in a bid “to guarantee supply security at affordable prices” for its customers.

This framework will see Ardova offtake a full slate of petroleum products from the refinery, the company said in a statement on Monday.

It said: “While Ardova Plc has been a significant offtaker 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 Tinubu’s drive for competition and improved efficiency in the industry and will see Ardova Plc deliver products at competitive prices nationwide.”