Page 15 - DMEA Week 07 2022
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DMEA FUELS DMEA
Ghana’s BOST to invest GHS200mn
in fuel transport initiatives in 2022
AFRICA BULK Oil Storage and Transportation (BOST), “These projects are expected to generate jobs
Ghana’s state fuel import concern, plans to spend for players in the private sector, as well as protect
about GHS200mn ($31.01mn) in 2022 on pro- Ghana’s highways against deterioration as a result
jects designed to increase the efficiency of petro- of the movement of heavy-duty trucks transport-
leum product transportation, both within Ghana ing fuel products from Accra to Kumasi,” he said.
and for export, the Daily Graphic has reported. He went on to say that BOST would kick-start
Some of the funds will be allocated to the pro- the investment programme in the first quarter
curement process, which will cover the automa- of 2022 by launching the procurement process.
tion and upgrade of the company’s six depots to This will help “ensure that we get the right
meet modern standards. companies to help us update and automate our
These depots are located in Tema in Accra, deports,” Provencal said.
Buipe in the Savanna, Kumasi in the Ashanti, He also mentioned that the company
Bolgatanga in the Upper East, Akosombo and intended to begin supplying LPG to customers
Adome in the Eastern regions of Ghana. within the framework of a wider diversification
BOST chief executive Edwin Provencal drive. “Wherever we have a depot, we will put an
detailed his company’s plans in an exclusive LPG plant there to help in the transition from
interview with the Daily Graphic on February 9, fossil fuel to gas, in line with climate action plans
saying that he expected the investments in trans- and the President’s initiative on clean fuels,”
portation to benefit the country as a whole. Provencal said.
TERMINALS & SHIPPING
Libyan oil workers reportedly
threaten strike at Marsa el-Hariga
AFRICA WORKERS at Libya’s Marsa el-Hariga terminal In the event of a work stoppage, export capac-
have reportedly threatened to suspend crude oil ity would drop swiftly, since NOC has very lim-
exports by the end of February unless their sal- ited storage capacity.
ary demands are met by the National Oil Corp. Libya has already experienced one major
(NOC) subsidiary that uses the facility as one of infrastructure shutdown as a result of labour
its main points of access to world markets. unrest this year. At the start of 2022, it was
A source in the shipping industry told Argus already in the midst of a three-week work stop-
Media on February 15 that members of the page in which a branch of the PFG halted opera-
Petroleum Facilities Guard (PFG) contingent at tions at Sharara and three other crude oil and gas
the Marsa el-Hariga terminal were seeking con- condensate production sites.
cessions from Arabian Gulf Oil Co. (AGOCO), That strike, which lasted from December 20
an affiliate of NOC that operates sites that yield to January 10, caused Libyan output levels to
Mesla and Sarir grade crude. drop by more than 300,000 bpd.
As of press time, AGOCO had not responded Marsa el-Hariga is located along the eastern
publicly to these demands. section of Libya’s Mediterranean coast. It spent
A shutdown at Marsa el-Hariga would have part of January out of service – not because of
a significant impact on Libya’s oil industry. The the strike mentioned above, which had a greater
terminal handled 196,000 barrels per day (bpd) impact on the Zawiya and Mellitah terminals,
of crude on average in 2021 and 194,000 bpd in but because of a round of harsh weather that hit
January 2022, close to 20% of the country’s cur- on January 8, forcing most of Libya’s coastal oil
rent output of around 1mn bpd. export facilities off line.
Week 07 17•February•2022 www. NEWSBASE .com P15
