Ardova Signed Bulk Purchase Agreement with Dangote Refinery

SEATTLE (Oil Monster): Nigerian integrated downstream oil and gas company Ardova Plc declared that it has signed a bulk purchase agreement with the Dangote refinery. The action is a component of Ardova's plan to guarantee a reasonably priced supply of petroleum products for its clients.

The agreement states that the business will purchase all of the refinery's petroleum products. The two businesses will have a stronger partnership thanks to the new framework. Furthermore, it will ensure increased efficiency and boost competition in the nation's downstream oil and gas industry.

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The Independent Petroleum Marketers Association of Nigeria (IPMAN) and Dangote Refinery came to an agreement last month that permits its members to take kerosene, diesel, and gasoline straight from the plant. In order to improve the nation's economy, the Association has asked marketers to support the refinery.

It should be mentioned that in order to compete with the goods of Dangote refineries, oil marketers had previously demanded the importation of gasoline. The recent meeting between IPMAN authorities and the management team of the Dangote refinery resulted in a breakthrough that permitted IPMAN members to directly lift Premium Motor Spirit, Automotive Gas Oil, and Dual Purpose Kerosene.