Business News of Tuesday, 7 January 2020

Source: www.ghanaweb.com

Buipe fire won’t affect our operations – BOST assures

Bulk Oil Storage and Transportation Company Limited Bulk Oil Storage and Transportation Company Limited

The Bulk Oil Storage and Transportation Company Limited (BOST) has assured the general public that the fire that engulfed parts of its Buipe Depot will not affect the general operations of the company.

On Friday, a fire incident occurred at the truck park of BOST’s Buipe Depot which serves as the serving point for the Savana, Northern, North-East, Upper East and Upper West regions of Ghana.

In a statement signed by its Head of Corporate Communications and External Affairs, BOST allayed fears of the general public and noted that despite products being destroyed in the incident, it’s activities will not be negatively affected.

It also asserted that product supply to the Northern parts of the country will experience no interruptions.

“Though a sizable volume of products loaded for OMCs, were destroyed in the incident, product supply in the northern regions and the general operations of BOST as a company will not be negatively affected.

“ We wish to assure the general public that, our strategic fuel stocks for the northern regions and Ghana as a whole are intact”.

The statement also said that products valued at GHC194,760.00 were lost in the incident.

It also said that the three of the trucks involved in the fire belonged to Ghana Oil Limited (GOIL) with one truck being owned by BF Energy.

The statement added that the exact cause of the incident will be made known to the public after investigations.

“At the current price of GHS5.41/liter, the value of the product lost is estimated at GHS194,760.00”.

“The exact cause of the fire has not been ascertained as at now and investigations are underway. We shall furnish the pubic with the details”

Below is the full statement from BOST

FOR IMMEDIATE RELEASE

FIRE OUTBREAK AT BOST BUIPE DEPOT TRUCK PARK Accra-January 4, 2020-

There was an incident of fire at the truck park of the Buipe Depot of the Bulk Oil Storage and Transportation Company Limited, BOST in the late hours of Friday, January 3, 2020.

The Buipe depot is the central fuel holding point of BOST serving the Savana, Northern, North-East, Upper East and Upper West regions of Ghana.

It receives products through river barges (via the Volta Lake) and through Bulk Road Vehicles, BRVs loaded from the Accra Plains depot of BOST.

To put an end to the speculation in the media space, we wish to state the facts of the incident as follows:

1. The fire occurred at the truck park of the depot and not within the depot.

2. It started late in the evening and took a combined force of the depot technical staff and fire officers from the Damongo and Tamale Fire Stations to bring it under control around 10 p.m.

3. Four BRVs, two of which were loaded with petroleum products were considerably damaged.

4. The two trucks contained 36,000 liters of diesel (AGO) and 36,000 liters of petrol (PMS) respectively. The diesel (AGO) is intact though the truck is considerably damaged.

5. At the current price of GHS5.41/liter, the value of the product lost is estimated at GHS194,760.00.

6. The affected BRVs belonged to Ghana Oil Company Limited, GOIL (3) and BF Energy (1).

7. In line with our Standard Operating Procedures, (SOPs), trucks loaded with products for distribution to OMCs are not supposed to park within the premises of the depot.

8. The exact cause of the fire has not been ascertained as at now and investigations are underway. We shall furnish the pubic with the details once the technical team completes the investigations.

9. Though a sizable volume of products loaded for OMCs, were destroyed in the incident, product supply in the northern regions and the general operations of BOST as a company will not be negatively affected.

10. We wish to assure the general public that, our strategic fuel stocks for the northern regions and Ghana as a whole are intact.
Thank You.

Adjei Marlick Head, Corporate Communications and External Affairs