What is a bulk oil distribution company?
Bulk Distributing Company Licence (Category 1) Licence: (a) Authorizes a company to import crude oil as well as procure, store, distribute and sell petroleum products wholesale to Oil/LPG Marketing. Companies; and. (b) Export petroleum products to neighbouring countries under customs seal.
What is Bulk Oil Storage?
A bulk storage container is any container storing oil at a facility. Bulk oil storage containers may include, but are not limited to tanks, containers, drums, and mobile or portable totes. Operational use includes oil-filled electrical equipment and manufacturing equipment.
Is BOST a private company?
The Bulk Oil Storage and Transportation Company Limited(BOST) was incorporated in December 1993 as a private limited liability company under the Companies Act,1963 (Act 179) with the Government of Ghana as the sole shareholder.
Who is the CEO of BOST?
George Mensah Okley, an energy expert, has taken over as the new Managing Director (MD) of the Bulk Oil Storage and Transportation (BOST) company. Mr Mensah Okley replaces Alfred Obeng Boateng, who was sacked by President Akufo-Addo recently.
What do bulk distribution companies do?
These companies have the license from the NPA to do bulk distribution. They also import crude oil, procure, store, distribute and sell petroleum products particularly to Bulk consumers. Additionally, the BDCs supply their products to Oil Marketing Companies who retail nationwide.
What is BDC in oil and gas?
Oil trading companies (OTCs) import but cannot store or distribute, and therefore do so on behalf of bulk distribution companies (BDCs). BDCs are licensed to import crude oil and finished products, store and distribute to oil marketing companies (OMCs).
What is bulk storage?
Bulk storage is equipment and supplies stored in large quantities, typically in a warehouse setting. Goods are often stored in original containers and without packaging. Bulk storage may refer to liquid products such as petroleum or industrial supplies such as construction materials.
Who is senyo HOSI?
Hosi is the Chief Executive Officer of the Ghana Chamber of Bulk Oil Distributors. He is a finance and economic policy analyst with management experience across varying industries including downstream petroleum, industry advocacy, public policy development, finance, logistics and commodity trading.
Where is BOST located in Ghana?
To adequately fulfil its mandate, BOST has developed a network of storage and pipeline infrastructure throughout the country. The Company currently has six (6) Depots nationwide. These are located in the Accra Plains, Mami Water, Akosombo, Kumasi, Buipe and Bolgatanga.
How many OMC are there in Ghana?
There are over 13 list of OMCS in GH.
How long can oil be stored?
about 5 years
Most conventional oil brands will have a shelf life of about 5 years. Synthetic oil and synthetic blend oil will last about 7-8 years, and maybe even longer. If you cannot find the expiry date, make sure you use up any half-opened or unopened motor oil bottles within 2-5 years of the manufacturing date.