Wednesday, July 16, 2014

Ghana oil companies call for Buipe depot to be reactivated ‘immediately’

Oil marketing companies in Ghana's Northern Region are calling for the Buipe petroleum storage depot to be reactivated immediately following a business downturn.

The depot was temporarily shut down in November 2013 for maintenance. At the time it was serving a large part of the Northern Region and parts of the Brong Ahafo Region.

The facility has a capacity of 50 million litres - 37 million of which are dedicated to diesel and 13 million to petroleum.

According to local news reports, there was a daily demand for 800,000l of petrol and 700,000l of diesel when the depot was in full operation with a maximum of 50 tankers in use on a daily basis.

The shutdown has reportedly been affecting business in the region, with costs increasing for petroleum transport between Tema and the north. Fred Ayarkwa, MD of the facility, anticipates that Buipe will resume operations in September this year.

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