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Wednesday, October 20, 2021
General News

BOST To Construct Pipelines To Save Cost Of Transporting Fuel


The Bulk Oil Storage and Transportation (BOST) Company is set to construct pipelines for distribution of fuel products to ease the burden of cost in the use of road transport.

The pipelines from Tema-Akosombo-Kumasi when fully in operation will save BOST over 60% of the costs it incurs in transporting products throughout the country.

The contract for the first phase which is from Tema to Akosombo has already been awarded to a contractor.

Procurement process for the second phase from Akosombo to Kumasi will start by the end of this month of May 2019.

Highly placed source at BOST has it that current management has secured the release of some pipes that have been locked in Houston in the United States of America (USA) for the past 12 years.

The said pipes, have transferred to Louisiana also in the USA for cleaning after which they would be brought to Ghana.

BOST, according to the source is eager to complete the pipelines project to ease the stress associated with transporting fuel product via road transport.

Again, carbon footprints associated transporting fuel by road would be eliminated to enable BOST apply for Carbon Credit.

Carbon Credit is a permit that allows a country or organization to produce a certain amount of carbon emissions and which can be traded if the full allowance is not use.

According to the source, the pipeline means of transporting products was cost effective as compared to other alternatives.
“BOST will save lot of resources if the pipeline project come on board because the current road transport usage is very expensive,” the source said.

BOST has outlined lots of innovative ways to business and the pipeline project is one of them.

Another one of such innovations is the construction of Gas Complexes in parts of the country.

The Gas Complexes will be cited at Tema, Takoradi, Buipe and Kumasi.
The project will be constructed on Build, Operate and Transfer (BOT) basis.
Procurement process for its commencement would also begin soon.

The source said: “In all these due diligence is important that is why we don’t want to rush to do anything because the interest of Ghana is important,”

Source: tnpnewsonline.com

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