The Group Chief Executive Officer cum Managing Director of the leading oil marketing company in Ghana, GOIL, Mr Patrick Akorli has revealed that the construction of 13.5 million liter Marine Gas Oil Tanks at Takoradi habour would be completed in February 2017 next year.
The facility which is 95% complete is expected to supply marine gas oil to vessels that call the Takoradi port in a process called bunkering.
Speaking at GOIL’s end of year party, Mr. Akorli said the facility will make GOIL number one in the bunkering business in the country
Patrick Akorli said the 13.5 million liter marine gas oil tanks at the Takoradi port would open avenues for bigger vessels to be bunkered.
He also enumerated a number of strategies GOIL is putting in place to consolidate its lead as the leading oil marketing company.
“We also start the actual construction of our new bitumen depot in Tema. We promise to be cutting the sword by January 2016. We also hope to pursue our visible branding strategy with more vigor, again our current competitive pricing strategy will be refined in order to stay more competitive whiles pursuing our dream for more product diversification,” he said.
The Minister of Finance, Seth Tekper commended GOIL for displaying consistently good performance over the years.
The GOIL example, according to him goes to show that the country needs strong indigenous Oil Marketing Companies (OMCs) to support the economy. “With a growing oil and gas economy, vibrant indigenous OMCs are what we require to make our local content policy succeed,” he said.
He revealed that contrary to reports that appeared in recent days, government does not pay any subsidy to GOIL rather it is the government that owes GOIL.
Seth Terkper said with the stiff competition in the oil marketing sector, indigenous oil marketing companies must up their game and strengthen their capital base so they can rub shoulders with other multinationals and also be players in sectors such as bunkering which demand huge financial commitment.
The biggest oil marketing company in the country, GOIL awarded long serving staff and service station attendants and supervisors whose invaluable contribution have brought success to the company.
GOIL was recently awarded by the Ghana Investment Promotions Center’s Ghana Club 100 as the second best company and the best listed company on the Ghana Stock exchange.
As a result of GOIL’s successes attributed to the hard work of its management and staff, the company also won the Ashanti Business Excellence Awards 2015 and the Chartered Institute of Marketing Ghana (CIMG) affirmed GOIL as the 2015 Petroleum Company of the year while GOIL’s Managing Director, Patrick Akorli was named Marketing Man of the year.