Audio By Carbonatix
Ghana Oil Company Limited (GOIL) has announced a strategic artnership with the Ghana Air Force to put up a facility at the Takoradi base to provide aviation fuel to aircraft operating in the area.
Mr. Alex Josiah Adzew, Technical and Special Products MarketingManager said: “We have also entered into strategic partnership withother exploration and production companies in the Jubilee Field for the constant supply of aviation fuel.
"Now aircraft do not need to carry a-round-trip aviation fuel from the point of departure, which impact heavily on the weight of the aircraft.” Mr Adzew told the GNA in an interview that GOIL has the capacityto meet their demand at the Takoradi Air Force Base.
Mr Adzew stated: “GOIL is currently the first indigenous oil marketing company to enter the aviation business, originally solely handled by multi-national companies with the acquisition of 33 percent
shares in the Joint User Hydrant Installation (JUHI) at the Kotoka International Airport for the storage of aviation fuel.
"The effort by GOIL is a huge breakthrough for local OMCs with high economic benefit to Ghana as proceeds entirely stays in the country…we are offering customers a third force alternative.”
Contributing to the discussion, Mr Yaw Agyemang-Duah, GOIL's Managing Director, explained that due to the highly sensitive and technical nature of the aviation business GOIL had well-trained staff to meet the demand and challenges in the industry.
He said in anticipation of the economic transformation and the middle-income status, GOIL had intensified efforts in penetrating into the non-fuel products marketing including premium lubricants, and the Bitumen market.
“We are the leader in the local bunker fuel trading industry – providing marine gas oil and marine lubricants to ocean going vessels…Since 2004, we have acquired major stakeholdings in the Ghana
Bunkering Services,” he said.
“GOIL has extensive experience in the bunkering market and through its leadership has assumed a premier bunkering operation with a global footprint. Now Ghana can proudly say she has Bunkering Experts in GOIL.”
Mr Agyemang-Duah said in spite of the fact that marketing of petroleum products in the country has become ultra-competitive, “GOIL remains one of the forerunners in the petroleum industry. ”
“The company has maintained its market leadership in gasoline,premix, LPG, bunkering and lubricants since the year 2002 and hasrespectable market shares in all other products marketed by it.
Source: GNA
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.
Tags:
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.
Latest Stories
-
Unauthorised drone flights banned at Manhyia Palace
5 minutes -
Aksa bribery scandal: Ghana’s probe must be pursued with speed – Dafeamekpor
21 minutes -
Samson’s Take: When religion threatens peace, sanity must prevail
52 minutes -
Friendship: Why time matters less than continuity
1 hour -
Africa’s AI moment: They say data is the new gold. But who is drilling it?
1 hour -
Ghana delivers strong performance in retail market in half-year; value up 15.6% – Maverick Research
1 hour -
The world’s oldest president left for a ‘brief stay’ in Europe. He hasn’t returned in two months
1 hour -
Parliamentary committee commends GIPA’s investment drive, backs key reforms
1 hour -
Livestream: Newsfile discusses AKSA energy deal, legal vacation and GoldBod losses
2 hours -
Jason Arday: 10 things you may not know about British-born Ghanaian former Cambridge professor found dead at 41
4 hours -
KNUST partners with government to manufacture locally-made agricultural machines and smart traffic lights
4 hours -
Government to add constitutional referendum to 2027 District Assembly elections
5 hours -
Ambassador Nancy Sam meets South Africa’s Thanda to strengthen Africa tourism collaboration
5 hours -
Government disburses GH¢23.1 billion to clear road contractors’ arrears – Roads Minister
6 hours -
NPP Ashanti elections: 1,020 delegates to choose 11 regional executives
7 hours