Wednesday, March 21, 2012

BOST prepares to break ground on petroleum terminal in Ghana

Ghana's state-owned Bulk Oil Storage and Transportation (BOST) Company is soon to start building its storage terminal for petroleum products and liquefied petroleum gas (LPG).

The company acquired 300 acres of land at Atwereboanda in the Ahanta West District earlier this year on which to build the petroleum terminal.

BOST is expected to break ground on the new $200 million (€152 million) LPG terminal later this year and take two years to complete it. It will be financed through a loan from the China Development Bank (CDB).

Phase one of the terminal will include 20,000m3 of initial storage capacity for LPG and 150,000m3 for refined petroleum products from the terminal at Pumpuni, near Takoradi in the Western Region.

BOST owns six storage terminals in Ghana, located in Accra Plains, Mami-Water, Akosombo, Kumasi, Buipe and Bolgatanga.

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