Economy

ENGEN Ghana to fulfill its vision

Mr Henry Akwaboah, Managing Director of ENGEN Ghana Limited, a subsidiary of PETRONAS in Malaysia, has reiterated the company’s commitment to fulfill its vision of becoming the Oil Company of Choice in sub-Sahara Africa.

In an interaction with the media at a news briefing on the activities of the company in Accra, Mr Akwaboah said the company in currently working to break into the country’s mining sector business which has been monopolized by the major players like Total Ghana, SHELL Ghana and the Ghana Oil Company Limited.

He said ENGEN Ghana’s vision of having a standardized integrated system to manage Health, Safety, Environment and Quality (HSEQ) at all its sites of operation have been achieved.

Mr Akwaboah said ENGEN Ghana has grown from its two service stations, and is now operating a growing retail network of 23 sites, with five more to be added by the end of next year, adding that its annual turn-over has currently grown from eight to over three hundred billion Ghana cedis .

“We currently serve more than 60 commercial customers across the broad spectrum of Ghanaian businesses, but not limited to mining, shipping, marine, construction, transportation haulage and power generation.

“Our distribution network for both bulk fuel and range of lubricants has all been outsourced to private companies who transport the products to our customer under payment arrangements regulated by the National Petroleum Authority.”

 

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