The meeting brought together key stakeholders, including the Minister for Energy and Green Transition, the Director-General of the State Interests and Governance Authority (SIGA), the Chief Executive Officer of the National Petroleum Authority, representatives from the Ministry of Finance, the Ghana Audit Service, the Board members of BOST and the management of BOST.
The Tema Oil Refinery (TOR) and the Bulk Oil Storage and Transportation Company Limited (BOST) have signed a Memorandum of Understanding (MoU) to enhance technical and commercial collaboration.
Incorporated in 1993, the Bulk Oil Storage and Transportation Company Limited (BOST) serves as Ghana’s primary institution for oil storage and distribution. As a key pillar in the nation’s energy security and regional fuel logistics, BOST’s performance remains vital to the country’s energy sector development.
This is a result of a prudent governance system and efficient operational practices introduced by the Board and Management of the Company over the past four years.
The net profit margin of the Bulk Oil Storage and Transportation Limited Company (BOST) has increased from GH₵161 million in 2021 to GH₵342 million in 2022.
The Bulk Oil Storage and Transportation (BOST) has said it will continue to explore new markets within West Africa for petroleum products while preparing to transition from a purely oil and gas company to a full energy company.
Tanzania’s Zanzibar President Hussein Ali Mwinyi on Saturday announced plans to construct a premier port for handling bulk oil and gas cargo.
The Managing Director of Bulk Oil Storage and Transportation Company (BOST), Edwin Alfred Provencal, has disclosed that about four cargoes of gasoline (petrol) and gasoil (diesel) under the government ‘Gold for oil’ programme are expected to arrive in the West African nation’s port in the next couple of days.
The managing director of the Bulk Oil Storage and Transportation Company Limited (BOST), Edwin Provencal, has said the company is ready to take advantage of the African Continental Free Trade Area (AfCFTA), after revamping its revenue generating infrastructure.
The first consignment of petroleum products delivered under the Government’s Gold for Oil Policy can serve consumers between 10 to 15 days, the Bulk Oil Storage and Transportation Company
(BOST) has said.