Shell has announced a partnership with Ardova Plc, which will see Shell lubricants products in major shops and supermarkets in Nigeria before year end.
Chairman of Shell Companies in Nigeria, Mr Osagie Okunbor, said the new deal is an evidence of Shell’s commitment to continue its footprints in Nigeria.
“This is a reinforcement of our commitment to continue to optimize our footprints in Nigeria while working with local companies for mutual benefits and to create opportunities for the people.
[Also Read] Eterna Oil Plc Secures Exclusive Right to Produce and Distribute Castrol Lubricants
“Shell lubricants products will offer improved performance for automobiles across the country through Ardova’s chain of retail stations and resellers,” he said.
In his comments, Chief Executive Officer of Ardova Plc, Olumide Adeosun, said his company is delighted about the new deal. “We are delighted that our company will act as the main distributor for Shell Lubricants branded products for the automotive and industrial sectors in Nigeria”.
Ardova Plc’s Chairman, AbdulWasiu Sowami, noted the company’s goal was to provide customers with best in class products and services, build partnerships that optimize synergies and create value for all parties involved.
[Also Read] SPE Nigeria Council Recognises DPR’s Presence At 2019 NAICE With Award
“This deal ticks all those boxes and we are excited to add the Shell range of lubricants to the portfolio of products available to our customers.”
The Andova chairman said the company plans to deepen its participation in other segments of the lubricant market in Nigeria, including transport and industrials, thus making it easier for customers to access Shell’s range of lubricants products.
The deal follows an earlier Memorandum of Understanding signed between Prudent Energy, Ardova PLC and Shell Trading International Limited laying out an exploratory framework for harnessing the local and international capabilities of the respective parties including possibilities on how to progress opportunities intended to develop cleaner energy solutions.
[Also Read] DPR Tasks Lubricant Producers on Export
Shell currently has a leading presence in Nigeria’s upstream sector with oil and gas exploration, production and distribution network in the southern parts of the country and deep offshore.
By Chibisi Ohakah, Abuja
Be the first to know when we publish an update
