Ardova Plc, one of Nigeria’s major integrated downstream oil and gas businesses, has agreed to a bulk purchase framework with Dangote Refinery.
Its Head of Brands and Corporate Communications, Mr Grant Onome, said in a statement on Monday that the framework would see his company offtake a full slate of petroleum products from the refinery.
Onome said Ardova Plc had been a significant off-taker from the refinery, since its inception.
He added that this new framework would 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,” he said.