Economy

BOST to build gas storage facility in Kumasi

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The Bulk Oil Storage and Transportation (BOST) Company is looking forward to building a gas storage facility in Kumasi for power generation. There are also plans to build an oil pipeline from the Western region to the Kumasi oil depot as part of upgrade and expansion re-engineering to meet the energy needs of the country. Officials will not disclose timelines for project take off, but Corporate Communications Manager, Nat Acheampong, says “studies are far advanced”. He told Luv Biz Report the projects are part of the company’s developmental goals. “The pipeline from Western region to Kumasi will be on pilot basis and once that is successful, we’ll expand it across the region and across the country”, he stated. BOST oil storage facility in Kumasi holds 84million barrels of petrol and diesel, serving the Ashanti, Brong Ahafo and parts of the Western region. With a reserve capacity to last the country four weeks of consistent supplies, the Kumasi Depot is deemed critical to BOST operations. The gas infrastructure project would be a relief for motorists and households whose consumption of gas has surged in recent times, yet have had to stay in long queues for days to access supplies.

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DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.