The Bulk Oil Storage and Transport (BOST) is positioning itself to be the number one in fuel and logistic operations across the ECOWAS region, says Managing Director, Edwin Provencal.
“We are hoping by 2024 to become the preferred choice for fuel and logistics in West Africa countries particularly the landlocked neighbors such as Burkina Faso, Mali and Niger, and we have the capacity to deliver on these,” he assured.
Mr. Provencal said this at the stakeholders’ engagement organized by BOST at its Buipe depot in the Savana Region.
The engagement brought together representatives from civil society organizations such as Chamber of Petroluem Consumers (COPEC), the Institute of Energy Security IES, the Alliance for Accountable Governance (AGAF), and Occupy Ghana among others.
The purpose was to enable the stakeholders to have an on-site feel of the transformation the new management of the company is undertaking as well as creating a platform to highlight some of the challenges that confront BOST’s operation particularly the issue of payments for the strategic stock between 2 to six weeks.
BOST, a whole national owned asset has holding and distribution points at locations such as Tema, Akosombo, Kumasi, Buipe and Bolgatanga as well as a booster station at Savelugu, which allow tanker operators cart both gasoline and diesel to fuel refill stations across the country.
According to Mr. Provencal, BOST’s assets, which are generating profit including stakes in GOIL, have moved from 34 percent to 75 percent at the moment and the company is working tirelessly to hit 97 percent by the end of the year.
Duncan Amoah, of COPEC who spoke on behalf of the CSOs said the questions posed by the BOST MD on who pays for the strategic reserve were relevant concerns and civil societies together with the government must find alternatives to addressing the challenge.
Story By: Nelson Adanuti Nyadror