GOIL Bunkering expansion to cost $10m

wpid-Goil.jpgGhana Oil Co., the second-biggest operator of gasoline stations in the West African nation, is investing $10 million on marine fuel-storage tanks at the port of Takoradi to boost its share of the bunkering market.

The company started procuring materials for the project and will complete it in a year, Managing Director Patrick Akorli said by phone yesterday. He declined to provide the capacity of the storage facility until construction is finished.

Takoradi is one of the twin capitals of Ghana’s Western region, where Tullow Oil Plc (TLW) began producing crude at the Jubilee field in December 2010. Ghana Oil has a 31 percent market share in bunkering, the process of supplying a ship with fuel, said Akorli. There are as many as 105 licensed oil-marketing companies, he said.

“We want to increase our market share of the bunkering industry,” Akorli said. “Opportunities have grown at the port because of the oil pumping activities in the region.”

Ghana Oil’s shares are unchanged in Accra this year at 89 pesewas after rallying 44 percent in 2013.

The company, also known as Goil, supplies ships at Tema port from a 2.5 million liter tank facility, according to Akorli. Goil owns a majority stake in the site, with Total Petroleum Ghana owning 49 percent, and they charge 22 other companies 0.8 U.S. cents a liter to use the storage facilities, he said.

Comments

Post a Comment

Popular posts from this blog

Does he have a private Jet? See Top 10 facts about the Pastor Kumuyi you did not know (Photos)

Image
Nowadays, owning private jets is the new trend for Nigerian pastors. It is so rampant that we have to wonder if Jesus would agree to have one if he was in the shoes of these same pastors today. Here we will try to find out whether William Kumuyi has his own luxurious vessel or not. This would be interesting. Famous Pastors like Ayo Oritsejafor, Bishop David Oyedepo, Enoch Adeboye and Pastor T.B. Joshua are Nigerian pastors that have already been reported to have private jets. Various arguments have been put forward for and against the issue of procurement of a N4 billion aircraft by the General Superintendent of the Deeper Life church. Recently Pastor Kumuyi was called one of the 500 most influential people on the planet apparently owing to his reach in Christendom via his mega church. Pastor Kumuyi is arguably a bigger preacher and pastor than most of the jet-setting pastors, but it is not clear yet if he owns one. What is certain is that he lives a little below the radar
Read more

Exclusive 18+ Photos Afia Schwarzenegger caught cheating

Image
The host of "Angetainment" show on Angel TV was caught red-handed by her husband, Lawrence Abrokwah. Ghanaian Comedienne and TV personality, Valentina Nana Agyeiwaa aka Afia Schwarzenegger has been caught cheating on her husband, according to Mynewsgh.com report. The host of "Angetainment" show on Angel TV was caught red-handed by her husband, Lawrence Abrokwah In a 2:23 minutes video recording of the entire incident believed to have happened at the home of Afia Schwarzenegger, Mr Abrokwah budges into the room that appeared not to have been locked and found the two lovers naked in bed. Mynewsgh report continued, he is heard asking the man whose face cannot readily be identified if he is unaware Afia is a married woman amidst shouts of  “Ashawo! Ashawo!”  to wit prostitute. Out of shame, Afia in defense rushed into the bathroom for a towel to cover herself and asked what he was doing in the house and who invited him. Abrokwah who claims to hav
Read more

My lesbian story - Yvonne Nelson

Image
M y  interview with top Ghanaian actress – Yvonne Nelson-was a revelation in so many ways. Of the leading Nollywood stars, Yvonne is among those I had not had a close relationship with. I had watched her from afar, seen countless number of her movies and had always thought she was a great and talented actress – someone who combined poise, beauty and style. I had also heard of some unsavory things ascribed to her – the rumors of sexual orientation which some say verged between pure lesbianism and bi-sexualism – all manner of shenanigans that had been whispered and published about her. Some years ago, she came out with a movie, “Heart of Men”, in which she seemed to have appeared in frontal nudity– a development that set off a firestorm of protest among Nollywood lovers –with many condemning the exploitation of graphic sexual images to promote and sell movies – which was a deviation of what Nollywood had always been seen to represent: a family friendly entertainment medium. Adde
Read more