Ardova Plc Secures Bulk Purchase Agreement with Dangote Refinery to Ensure Affordable Supply Nationwide

In a strategic move aimed at ensuring supply security and competitive pricing for its customers, Ardova Plc, one of Nigeria’s foremost integrated downstream oil and gas companies, has entered into a bulk purchase framework agreement with Dangote Refinery.

This landmark agreement will see Ardova Plc offtake a comprehensive slate of petroleum products from the refinery, solidifying its position as a key player in the downstream oil sector. While Ardova Plc has maintained a significant offtake relationship with Dangote Refinery since its inception, the new framework institutionalizes this partnership, fostering a more dynamic and competitive landscape in Nigeria’s oil and gas industry.

The agreement aligns with President Bola Ahmed Tinubu’s vision of enhancing competition and operational efficiency in the energy sector. Through this framework, Ardova Plc will deliver petroleum products at competitive prices, ensuring nationwide access for its customers.

Commenting on the development, Ardova Plc expressed confidence in the framework’s potential to streamline supply chains and reduce costs across the board, thereby benefiting end consumers.

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About Ardova Plc

Ardova Plc is a leading indigenous energy company in Nigeria, specializing in the distribution of petroleum products and energy solutions. With a vast network of over 700 retail outlets nationwide and significant storage facilities in Apapa, Lagos, and Onne, Rivers State, Ardova Plc supplies petrol (PMS), diesel (AGO), kerosene (DPK), and liquefied petroleum gas (LPG).

The company also operates a state-of-the-art oil blending plant in Apapa, Lagos, where it manufactures and distributes high-quality lubricants, including its flagship brands such as Super V, Visco 2000, and Diesel Motor Oil. Additionally, Ardova Plc is the sole authorized distributor of Shell Engine Oils and Lubricants in Nigeria, further solidifying its leadership position in the energy sector.

By leveraging this new partnership with Dangote Refinery, Ardova Plc continues to demonstrate its commitment to innovation, sustainability, and delivering value to its stakeholders.