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The Bulk Oil Storage and Trans...

BOST PIC 1The Bulk Oil Storage and Transportation Company Limited, BOST is sensitive to its role as a corporate citizen. Among other things, the company devotes time and resources towards making lives better for people living in communities where BOST operations are located.

The Managing Director of BOST, Mr. Edwin Provencal and a team from the head office made up of Marlick Adjei, Head of Corporate Affairs, Nicholas Samari, Head of Assets and infrastructure and Eric Kuampah, Head of Operations at the Savelugu Booster Station in the months of June and November 2020 visited a total of 40 communities along the Buipe Bolgatanga Pipeline in the light of this key function of stakeholder engagement. The communities visited include:

  •  Buipe
  • Yapei
  • Fufulso
  • Sawaba
  • Kampong Yilli
  • Zanzugu Yipala
  • Kanshegu
  • Savelugu
  • Gushie
  • Nabogu
  • Nangbagu
  • Laogri
  • Nasia
  • Diare
  • Kukobilla
  • Pigu
  • Walewale
  • Wulugu
  • Gbimsi
  • Posonamogo and
  • Wikongo

Among other things, the team donated nose masks, veronica buckets and hand sanitizers to the chiefs and their people to protect them from the deadly COVID-19 disease. Undisclosed sums of money and hampers of assorted drinks were also donated to the chiefs as a token for their continuous support to the company by educating their people to stay away from the pipelines and ensure the asset and the lives of the people are mutually protected.

In his comments across the communities, Mr. Provencal urged the Chiefs and the people to take advantage of the Free Senior High School the government has introduced to ensure that poverty is defeated in line with the Sustainable Development Goals of the world. He further stressed that, even though the impact of COVID-19 is less in the northern regions, there is every need for the people to observe the protocols to ensure their health and safety to contribute effectively to the progress of the nation.

The Buipe-Bolgatanga Petroleum Product Pipeline, B2P3 is a 269 kilometer product pipeline completed in 2006 for the transfer of products between the Buipe and Bolgatanga depots to meet product demand in the northern regions and for the export market to our landlocked neighbors in the Sahel region.
Below are images of the BOST team interacting with the chiefs and people of the communities visited during the engagements

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BOST Staff led by its MD, Mr. Edwin Provencal (in smock) interacting with the Chief of Buipe in the Savannah Region

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Some items donated to the people included some quantities of nose masks and hand sanitizers.

 

logo displayThe Managing Director of Bulk Oil Storage and Transportation (BOST) Company, Mr Edwin Alfred Provencal at the end-of-year media engagement has outlined some concerns of BOST which inure to the benefit of every Ghanaian when they are addressed.

According to him, every Ghanaian stands to benefit from the operations of BOST when the company is retooled with adequate support from the right shareholders to make its work become very effective.

In an interview with Peacefmonline.com, Mr Edwin Provencal said that the price build-up has transportation cost and so when BOST works very well, the transportation will be efficient and bring lower cost and lower taxes to the consumer.

He noted that BOST being a state agency can partner other agencies like Go Energy and GOIL to import products in volumes as they together carry about more than half of the market in the industry to impact positively on the taxpayer who buys fuel every day.

“When BOST works very well, BOST is a state agency and it can partner other agencies like Go Energy and Goil and together, we carry about more than half of the market in the industry. So when we come together and we import products, with those volumes, we will benefit from the economics of scales. Those economies of scales can eventually impact positively on the taxpayer who buys fuel every day,” he explained.

He further indicated that BOST will be able to achieve its mandate in terms of petroleum security when it works very well; thus, when the company has a lot of fuel in the system, whenever prices go up, BOST can still cushion the Ghanaian taxpayer.

“ . . when BOST works very well, our mandate in terms of petroleum security will be achieved. That means that we will have a lot of fuel in our system. If we have a lot of fuel being stored, at the juncture when prices go up we can still cushion the Ghanaian taxpayer. When prices go down, we can still reap the thing back because the market is that there are ups and downs. When BOST works very well, we will be able to cushion the taxpayer when prices go up,” he articulated.

Highlighting on the way forward to make BOST work effectively, the Managing Director of BOST said that the company needs the support of the right stakeholders, efficient regulation and access to funds to make the company work very well to inure to the benefit of the taxpayer.

“What we need to make BOST work very well is the support of the right stakeholders. It is true we got an increased in BOST margin, but the increase was not what we asked for. So, if we are to get to that point in 1 year, it will take us about 4 to 5 years to get to that point”.

“Another point is regulation; if we are regulated efficiently enough, we will get there quicker. Access to funds is another way to make BOST work very well. Access to funds is the function of so many things; it is the function of management capability, balance sheet, the trust the owners of surplus cash have for you; today, we are not there yet”.

“We are on a journey; we hope to get there quicker and if we get there quicker, we may have access to the right partners, the right institutions to give us the needed funds to grow this entity we call BOST. I believe within the next two to three years we should be there but we can get there faster,” he noted.

Mr. Augustine Appiah is an accomplished Agile Human Resource Management Consultant and Practitioner with a strong passion for HR Leadership, Guidance, Coaching, and Business Change Consultancy to drive profitability. He has over 15 years of Strategic Human Resource Management experience, leading major HR transformation and Business improvement initiatives. He has served in both local and international Senior Executive roles, leading HR teams to deliver the “People Agenda” across United Kingdom, Sub-Saharan Africa and Asia.

Augustine has worked extensively with C-Suite Executives including CEOs, Directors and Leaders to formulate and implement strategies, budgets, policies and procedures relating to strategic talent management and development, and building agile and efficiency driven businesses. He has also reviewed and developed various FTE/Outsource Models, consulted on labour and union relations and spearheaded building relevant HR governance structures that has ensured consistent business growth.

His areas of specialty includes; Strategic Talent Management, HR Business Partnering, Learning, Psychosocial and Psychometric Interventions, Executive Coaching, Employee and Union Relations and Organizational Effectiveness and Change. He has a strong interest in HR Value Creation.

He holds an MPhil in Industrial and Organizational Psychology and a BA in Psychology from the University of Ghana. Augustine is a Certified Executive Coach from College of Executive Coaching, USA and holds HR Certifications from INSEAD, France and from IMD, Switzerland.

Augustine is also involved in a number of charitable projects across Ghana.

corona saftey1. Staff and Visitors should adhere to the Safety Protocols of the Company;
✓ Temperature checks.
✓ Frequent washing of hands with soap under running water for at least 20 seconds. Use an alcohol-based hand sanitizer with at least 70% alcohol when soap and running water are unavailable.
✓ Mandatory wearing of nose mask at all workplaces.

2. Avoid touching your eyes, nose, or mouth without washing your hands.

3. Practice good respiratory etiquette, including covering coughs and sneezes with paper tissue or bent elbow. Dispose tissue immediately after use.

4. Avoid close contact with people who are sick. Stay home if you are sick or report to the nearest health facility.

5. Call any BOST healthcare facility provider or the Manager, HSSEQ when you have serious health condition including difficulty in breathing, giving them details of your recent travel and other symptoms.

6. Staff and visitors are to adhere to work station social/physical distancing of at least 2 meters (6 feet) from each other and remain out of “congregate settings” as much as possible.

7. No visitor should go beyond the ground floor reception at the head office and other designated areas at the various depots/facilities;

8. Staff are to meet their visitors in meeting room one (1) at the head office and the designated areas at the respective depots;

9. Avoid face-to-face meetings, giving preference to phone calls, email or virtual meetings. If you need to organize face-to-face meetings, make provision to allow the prescribed spacing to prevent possible infection. For virtual meetings, kindly liaise with IT for zoom setup.

10. Any staff or visitor with suspected/confirmed Corona Virus symptoms at BOST facilities/depots will be isolated immediately for treatment

download 4The National Petroleum Authority (NPA) has directed Oil Marketing Companies to increase the Bulk Oil Storage and Transport (BOST) margin on petroleum products by three pesewas to six pesewas effective June 1.

A May 29 memo sent to the Oil Marketing Companies indicated that the firms were all to review the BOST margin in their Price Build Up (PBU) of Petroleum products effective June 1, 2020, to the new amount.

According to the momo, cited by JoyBusiness, the development is in line with a decision taken by Cabinet and Communicated to the National Petroleum Authority. The communique said all the various petroleum products from Petrol at Kore Mines are expected to apply the new levy of 6 pesewas.

Background

The National Petroleum Authority was, in 2019, forced abandoned a similar move after it emerged that the necessary legal backing and approvals were not finalised before the said communication was made to increase the margin from 3 to 6 pesewas.

BOST recently began a campaign making a strong case for the margin to increase because the current levy is not adequate, maintaining that it was needed to improve the company’s infrastructure.

The Managing Director, Edwin Provencal in a recent engagement with some civil society organisations in the energy sector and a cross-section of the media in Tema.

Impact on prices

Prices of the various petroleum products are expected to be reviewed from June 1, 2020 in line with the two-week adjustments.

There were predictions that prices could go up by some significant increase based on this review. This would however be dependent on the margin of adjustment of the market leader GOIL.

But some market players have told JoyBusiness that based on this increase on BOST margin it would now be difficult to absorb increase as some of them were planning do for this pricing window.

Prices should have gone up in the last pricing window that’s from May 15 to 31, 2020.

However, most of the players held their prices unchanged because the market leader GOIL failed to move.