FUELING THE NATION : AN EXCLUSIVE INTERVIEW WITH BOST CEO ON GHANA' s PETROLEUM RESERVE. (PART 2)

As the company’s core mandate is to keep the national strategic petroleum reserves and transport petroleum products from one depot to another throughout the country, we at BOST consider our business highly critical and hence must be treated just as national security operations.
Our corporate image as a company has transformed significantly throughout the years into an institution of excellence because of our high integrity as well as our numerous successes.
As the new Managing Director, I am prepared to build on that passion for excellence and to ensure that we improve strategically in the way we conduct our business and interact with our stakeholders.
I hope that this new website helps in sustaining that interaction and giving BOST the needed facelift.
As part of my manifold vision for BOST, the company will be transformed dramatically; enhancing our work culture and developing innovative and inexpensive methods for transporting petroleum products in a way that lives and property are kept free from danger.
While at that, we would not renege on what we have always stood for; being the number one fuel and Logistics Company and providing transparent access to our storage and distribution facilities
One of the essential things we have set out to do as leadership is to be able to expand Ghana’s current strategic reserves from 6 weeks to 12 weeks.
I have no doubt that with my enthusiasm, experience and love for our country, my team and I will build a formidable institution that will become a reference point for industry players within Africa.
The Bulk Oil Storage and Transportation Company Limited(BOST) was incorporated in December 1993 as a private limited liability company under the Companies Act,1963 (Act 179) with the Government of Ghana as the sole shareholder. BOST has the mandate:
To develop a network of storage tanks, pipelines and other bulk transportation infrastructure throughout the country. To rent or lease out part of the storage facilities to enable it generate income To keep Strategic Reserve Stocks for Ghana To own, manage and develop a national network of oil pipelines and storage depots To manage the “Zonalization” policy of the National Petroleum Authority(NPA) and To develop the Natural Gas Infrastructure throughout the country
In this regard, BOST is responsible for building strategic reserve stocks to meet a minimum of six (6) weeks of national consumption in the short and medium term and to increase stock level to twelve (12) weeks in the long term.
To adequately fulfil its mandate, BOST has developed a network of storage and pipeline infrastructure throughout the country. The Company currently has six (6) Depots nationwide. These are located in the Accra Plains, Mami Water, Akosombo, Kumasi, Buipe and Bolgatanga. Pipelines link the Tema Oil Refinery (TOR) to the Accra Plains Depot which in turn is linked to the Mami Water Depot and ends at the Akosombo Depot.
Another pipeline links the Buipe Depot to the Bolgatanga Depot. For petroleum products to reach the northern parts of the country, it is conveyed by pipeline from the Tema Oil Refinery through the Accra Plains Depot and Mami Water to Akosombo where it is loaded onto River Barges to Buipe. It is then conveyed to Bolgatanga by 261km- 8 inch pipeline.
The Depot in Kumasi receives products by Bulk Road Vehicles (BRVs) from the Accra Plains Depot. BOST has built four barges to convey petroleum products from Akosombo to Buipe for onward transmission to Bolgatanga. However the Bolgatanga Depot was recently recommissioned after several years of inactivity thus making it necessary for Buipe to feed Bolgatanga by pipeline.
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