MRO supply chain specialist Entec International has secured a new contract with Hyde Energy Nigeria, representing the company’s first foray into the oil and gas sector.
Hyde is a global energy trading company with a downstream network, importing to and trading in Nigeria. Although established 10 years ago, Hyde is growing rapidly and in 2020 launched its retail distribution of domestic LPG, installing skids across their network of petrol stations and strategic locations across the country. As the company continues to invest in additional tank and storage facilities, as well as building its network of LPG gas distribution centers across the region, Hyde has contracted with Entec to source and ship industrial equipment to Nigeria.
Head of Business Development for Entec, Torben Kring explains, “Entec has been operating in West Africa for major FMCG companies for many years; we have a proven network of strategic transportation partners and well-established supply lines into Nigeria. Hyde is looking to leverage our experience and expertise both in best-price procurement and cost-effective consolidation and shipment. We are delighted to be working alongside a resilient, dynamic, and expanding company like Hyde. We envisage a mutually beneficial long-term partnership as the company invests further in multiple assets, requiring ongoing MRO procurement and supply chain support”.