Bulk Oil Storage and Transportation explained

Bulk Oil Storage and Transportation Company Ltd (BOST)
Formed:1993
Headquarters:Nii Nortei Nyanchi Street, Accra
Chief1 Name:Edwin Alfred Provencal
Chief1 Position:Managing Director
Parent Agency:Ministry of Energy and Petroleum
Website:BOST

Bulk Oil Storage and Transportation Company Ltd (BOST) is a Ghanaian state agency under the Ministry of Energy and Petroleum responsible for the development of a network of storage tanks, pipelines and other bulk transportation infrastructure throughout the country and also to keep strategic reserve stocks of petroleum for Ghana. The company is now tasked with an additional responsibility as the Natural Gas Transmission Utility (NGTU) to develop the Natural Gas infrastructure throughout the country.[1] [2]

History

Bulk Oil Storage and Transportation Company Limited (BOST) was established in December 1993 as a private liability company with the sole shareholder being the Government of Ghana. BOST is the distributor of refined petroleum products from its strategic depots located throughout the country. On 9 December 2012 the company was granted Natural Gas Transmission Utility License (NGTU) by the Energy Commission (EC). The NGTU according to EC Act 541, 1997, provides transmission and interconnection services for natural gas throughout the country without discrimination.[3]

Functions

BOST is responsible for developing pipelines and storage containers for the transportation of petroleum products and the storage of reserves. The company is also responsible for the transportation, distribution and storage of petroleum products in Ghana.[4]

See also

Notes and References

  1. Web site: Bulk Oil Storage and Transport Company Limited (BOST) . State Enterprise Commission- Ghana . 24 November 2019.
  2. Web site: State Interests and Governance Authority (SIGA) . State Enterprise Commission . 24 November 2019.
  3. Web site: BULK OIL STORAGE & TRANSPORT ACCRA GHANA. . Wavesight . 24 November 2019.
  4. Book: Oxford Business Group . The Report: Ghana 2013 . 7 September 2013 . 9781907065897 . 126.