31.5 C
New York
Saturday, June 19, 2021

BOST begins petroleum product re-export

The Bulk Oil Storage and Transportation (BOST) has begun the re-export of refined petroleum products to some landlocked countries.

Last month, the company delivered about 70-long fuel tankers of refined products to Mali and is on the verge of tapping into other markets of other landlocked countries.

- Advertisement -

Speaking to the Daily Graphic in Takoradi yesterday, the Managing Director of BOST, Mr Edwin Provencal, said: “I must say that the repair of the Bolgatanga Depot was critical to the success story.

“The Bolga Depot could be leveraged for re-export of petroleum products just like in Singapore where re-export contributes greatly to the country’s GDP.

“With the Bolga depot we can go beyond Burkina to Mali and other landlocked countries, and we can bring in about 20 times Ghana’s demand and meet the demands of landlocked neighbours, using Bolga,” he said.

- Advertisement -

Mr Provencal is part of a team accompanying the Minister of Energy, Dr Matthew Opoku Prempeh, on a familiarisation tour of the Western Region.

Bolgatanga Depot

The BOST MD said in a bid to meet in-country demands and the quest to satisfy the high demand from the landlocked countries, the company has revamped and doubled its storage capacity at the Bolgatanga Depot and has begun the re-export of refined products to Burkina-Faso and other countries.

Also, he said in achieving success and ensuring that the country benefitted, the company set out to audit its asset base to guarantee petroleum product security and price stability across the country.

“In 2017, we found out that in terms of our infrastructure, available readiness to support our operations stood at 18 per cent which is inadequate.”

 

Source: Graphic

- Advertisement -

Must Read

Related Articles