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| Signing of MOU in process |
With its broad vision of becoming the leading and
preferred petrochemical industry in the energy sector, management of Bulk Oil
Storage and Transportation, BOST, have had series of discussion with the Tema
Oil Refinery to give the country’s oil sector a major boost.
With this strategic management sessions in place, the two oil giants are determined to produce the highest quality petroleum products at the lowest prices than any oil producing company can import into the country.
This is expected to materialise in the next few months.
The Managing Director of BOST, Kinsley Kwame Awuah Darko gave the assurance at the re-commissioning of the Bolgatanga BOST depot which has been out of operation for the past nine years.
He intimated that the resuscitation of the Bolga depot will ensure an increase in the company’s generating capacity to be able to supply adequate petroleum products to neighbouring Burkina Faso, Mali, Niger and other Saharan markets.
The re-commissioning of the facility culminated in the signing of an MOU between BOST and SONABHY Oil Company of Burkina Faso. Isaac Asare was there for Radio Ghana.
With this strategic management sessions in place, the two oil giants are determined to produce the highest quality petroleum products at the lowest prices than any oil producing company can import into the country.
This is expected to materialise in the next few months.
The Managing Director of BOST, Kinsley Kwame Awuah Darko gave the assurance at the re-commissioning of the Bolgatanga BOST depot which has been out of operation for the past nine years.
He intimated that the resuscitation of the Bolga depot will ensure an increase in the company’s generating capacity to be able to supply adequate petroleum products to neighbouring Burkina Faso, Mali, Niger and other Saharan markets.
The re-commissioning of the facility culminated in the signing of an MOU between BOST and SONABHY Oil Company of Burkina Faso. Isaac Asare was there for Radio Ghana.
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| Th two dignitaries exchanging pleasantries |
The Bolgatanga BOST depot is a strategic stock
location that receives supply of petroleum products from Buipe, through a
pipeline of over 260 kilometers.
The facility which can boast of a generating capacity of about 36,000 tonnes of diesel and patrol has remained dysfunctional over the years due to some operational challenges.
This has resulted in a major shortfall in the supply of petroleum products to designated fuel outlets in the country and beyond.
However, the re-commissioning of the facility is expected to ensure constant supply of petroleum products both within and outside the country.
The upgrading of the depot can now be counted among the six operational depots stretched across the country.
At a sod cutting ceremony held at the premises of the facility, the Managing Director of BOST, Kinsley Kwame Awuah Darko, said in the wake of recurring fuel shortage with its associated challenges, the re-opening of the facility was timely and necessary.
According to him, the full operationalization of the depot will ease pressure on the country’s oil refinery and make life worthwhile for Ghanaians.
Its existence, he moreover indicated will afford Mali and other neighbouring landlocked countries the opportunity to access petroleum products with ease, fight smuggling and also address some safety concerns with regard to accidents and delays faced by tanker drivers on their way from Tema.
He said the prime mandate of BOST was to support Ghana fuel security while supporting other neighbouring countries.
Mr Awuah Darko hinted that BOST was in the process of finalising its engagement with TOR on how best they can work on a detailed plan to deliver on its vision of becoming the preferred petrochemical industry in the country’s energy sector.
He said when this is achieved, it will be extremely difficult for any other oil company to import high quality petroleum product cheaper than what BOST can produce.
The facility which can boast of a generating capacity of about 36,000 tonnes of diesel and patrol has remained dysfunctional over the years due to some operational challenges.
This has resulted in a major shortfall in the supply of petroleum products to designated fuel outlets in the country and beyond.
However, the re-commissioning of the facility is expected to ensure constant supply of petroleum products both within and outside the country.
The upgrading of the depot can now be counted among the six operational depots stretched across the country.
At a sod cutting ceremony held at the premises of the facility, the Managing Director of BOST, Kinsley Kwame Awuah Darko, said in the wake of recurring fuel shortage with its associated challenges, the re-opening of the facility was timely and necessary.
According to him, the full operationalization of the depot will ease pressure on the country’s oil refinery and make life worthwhile for Ghanaians.
Its existence, he moreover indicated will afford Mali and other neighbouring landlocked countries the opportunity to access petroleum products with ease, fight smuggling and also address some safety concerns with regard to accidents and delays faced by tanker drivers on their way from Tema.
He said the prime mandate of BOST was to support Ghana fuel security while supporting other neighbouring countries.
Mr Awuah Darko hinted that BOST was in the process of finalising its engagement with TOR on how best they can work on a detailed plan to deliver on its vision of becoming the preferred petrochemical industry in the country’s energy sector.
He said when this is achieved, it will be extremely difficult for any other oil company to import high quality petroleum product cheaper than what BOST can produce.
The official re-commissioning of the Bolgatanga
BOST depot witnessed the signing of an MOU between management of BOS and the Société
Nationale Burkinabé des Hudrocarbures, SONABHY, the national oil company of
Burkina Faso.
The contractual agreement was to strengthened business relation between both countries. It was signed by Mr Awuah Darko and the Managing Director of SONABHY, Gambetta Nacro.
The contractual agreement was to strengthened business relation between both countries. It was signed by Mr Awuah Darko and the Managing Director of SONABHY, Gambetta Nacro.
In a speech read for him, the Minister of Petroleum, Mr Armah Kofi Buah and the Deputy Upper East Regional Minister, Daniel Syme underscored the significance of the facility, stressing on the need to faceguard it to serve its mandate.
They observed that the resuscitation of the facility was going to create job opportunities for most unemployed youth in the region.
At the event were dignitaries including the Board Chairman of BOST, Kakra Essamuah among other functionaries.
GBC NEWS END IA/
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