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BOST to Optimize Ghana’s Storage Capacity at Accra Briefing 

April 10, 2025
Prince Agyapongby Prince Agyapong
in Extractives/Energy
0
Afetsi Awoonor, Managing Director of Ghanaian state agency Bulk Oil Storage and Transportation (BOST)

Afetsi Awoonor, Managing Director of Ghanaian state agency Bulk Oil Storage and Transportation (BOST)

Accra is set to host a crucial gathering of energy sector stakeholders on April 14, 2025, as Afetsi Awoonor, Managing Director of the Bulk Oil Storage and Transportation Company (BOST), headlines the Invest in African Energies: Accra Investor Briefing at the Kempinski Hotel. 

Speaking on BOST’s participation, NJ Ayuk, Executive Chairman of the African Energy Chamber, noted, “To make energy poverty history by 2030, African countries need to significantly optimize their domestic storage and distribution capacity. 

The event will offer insights into Ghana’s growing oil and gas sector and spotlight investment opportunities ahead of the African Energy Week (AEW) 2025 in Cape Town. 

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Organized as a precursor to the African Energy Chamber’s flagship AEW: Invest in African Energies conference scheduled for September 29 to October 3, 2025, the Accra Investor Briefing aims to provide investors with a roadmap to capitalize on Ghana’s oil and gas infrastructure expansion.  

At the center of these developments is BOST, Ghana’s state-owned strategic petroleum infrastructure manager. 

“Companies like BOST are making strides in this area, targeting major investments across the downstream sector to strengthen fuel security in Ghana.

“As the country drives 17 new oil and gas projects by 2027, efforts by BOST will ensure that local populations benefit from the country’s upstream expansion.” 

NJ Ayuk, Executive Chairman of the African Energy Chamber
Invest in African Energy
Invest in African Energy

BOST has emerged as a cornerstone of Ghana’s energy security. The company’s mandate includes maintaining strategic petroleum reserves and managing a robust storage and transportation infrastructure.  

Currently, BOST operates six key depots across the country, with a combined storage capacity of 415,000 cubic meters. 

These facilities are supported by critical pipelines, such as the one linking the Tema Oil Refinery to the Accra Plains depot, and an 8-inch multi-product line connecting the Trafigura Conventional Check Buoy Mooring to BOST’s inland facilities.  

This infrastructure underpins Ghana’s fuel distribution network and reduces reliance on road-based transportation. 

BOST Strengthens Regional Energy Trade 

NJ Ayuk, Executive Chairman of the African Energy Chamber
NJ Ayuk, Executive Chairman of the African Energy Chamber

Beyond domestic supply, BOST is also asserting its presence in regional energy markets.  

In March 2025, the company renewed a partnership with Burkina Faso’s SONABHY (National Hydrocarbons Company) to streamline petroleum exports to the landlocked West African neighbor. 

This collaboration is expected to reduce supply disruptions and position Ghana as a regional energy distribution hub. 

As Ghana looks to attract foreign investment into its burgeoning hydrocarbon sector, the upcoming Accra Investor Briefing will provide clarity on available investment-ready upstream blocks, midstream and downstream infrastructure, and capacity-building initiatives.  

With the government prioritizing energy development, events like these are instrumental in accelerating funding and technical partnerships. 

The AEW: Invest in African Energies conference in September will build on these efforts, promoting Africa’s role in global energy supply and focusing on energy justice, regional collaboration, and investment mobilization. 

BOST
BOST

“Efforts by BOST will ensure that local populations benefit from upstream expansion. These types of local champions are essential in turning resources into real impact.” 

NJ Ayuk, Executive Chairman of the African Energy Chamber

BOST’s inclusion at the investor briefing signifies the government’s intention to anchor development around local institutions.  

With 17 new oil and gas projects planned by 2027, including deepwater blocks and refinery upgrades, Ghana is charting a course to increase energy self-sufficiency while creating employment and industrial opportunities. 

As energy leaders gather in Accra, all eyes will be on how Ghana aligns state-owned institutions like BOST with investor capital and international partnerships to transform the country’s energy fortunes. 

READ ALSO: GSE Records Tepid Trading Session with Ghana Oil Company as Sole Gainer 

Tags: AEW 2025Afetsi AwoonorAfrican Energy ChamberBOST Ghanadownstream infrastructureenergy security Ghanaenergy trade Burkina FasoGhana energy investmentGhana fuel strategyGold-for-Oil Ghanahydrocarbon investment GhanaInvest in African EnergiesOil and Gas Ghanastorage depots Ghana
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