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Sunday 25 June 2017

2017-05-26

[N] Adom FM’s ‘Y3gye y3 sika’ demo attracts over 2,300 protesters
[N] Gun attacks in Tema not robberies – Police
[N] Family of three electrocuted at Kpone
[N] Kufuor commends Raising Readers initiative
[N] Atuguba, Kumbour to speak at maiden revolutionary lecture series
[N] Two defiant galamseyers busted
[N] Fourteen Takoradi fire victims to be transferred to Interbeton
[N] Hajj: Fate of 452 pilgrims ‘left-behind’ in 2016 still hanging
[N] EOCO rescues seven girls
[N] Nana Addo jets off to Liberia today
[N] Don't beg for corrupt officials - President cautions  
[N] Leaked sex tape involving two SHS students goes viral
[N] Man shot in Wa

2017-05-24

[B] Employers’ Association proposes extension of maternity leave by 2 weeks
[B] Producer price inflation drops to 4.8%
[B] EU, GIZ to support skills development with €10.7m
[B] 6 concessionaires to start inspection of ECG assets - Ing. Owura
[N] Man grabbed over Kumasi murder
[N] End cycle of vindictive politics - Nyaho to Akufo-Addo
[N] Values of hard work and honesty fading - Chief Justice
[N] Finance Ministry gives clearance for allied health workers employment
[N] Learn from my mistakes; don’t buy tractors for farmers – Mahama to Akufo-Addo
[N] NDC foot soldiers benefit from LEAP
[N] Phone tracker leads to arrest of robber
[N] Re-arrest Delta Force 8 now - PPP
[N] CEO busted in $1.2m bribery scandal  
[N] Galamsey Queen goes ‘mad’
[N] Police issues crime alert
[N] Man kills sister-in-law
[N] BNI probes 3 Mahama appointees over $4m graft
[N] I was jailed 3 years because of Aisha Huang - Former aide
[N] MP begs Kumbuor over false ‘military galamsey’ claim
[N] Pregnant nurses protesting exam ban won't be victimized
[N] Ghana Gas helicopters not missing – Kwabena Donkor

2017-05-23

[B] Tullow eyes new fields beyond Jubilee & TEN
[B] ECG concession: bidders reduced to 6; MIDA sets eyes on financially viable bidde
[B] Former MP demands details on the 150 investors for ‘1-district, 1-factory'
[B] We need power to turn economy around – Agyarko
[S] Akufo-Addo's changes to ECG 'sale' agreement quite impressive - PUWU
[N] Kumbuor approved military protection for Ukraine, Russia galamseyers – MP
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Business

[ 2017-05-17 ]

Ghana Chamber of Bulk Oil Distributors Chief Executive Officer

BDCs, OMCs battle BOST over dumping of products accusation
Bulk Distributing Companies (BDCs) and Oil
Marketing Companies (OMCs) and the Bulk Oil
Storage and Distribution Company Limited (BOST)
are in disagreement over is responsible for
dumping of products that is depriving the country
over of over one billion Cedis.

The Managing Director of BOST, Mr Alfred Obeng
Boateng, blamed BDCs and OMCs for the practice of
dumping, saying that those products commonly ended
up in local filling stations, with which BDCs and
OMCs dealt with.

However, Senyo Hosi, the Chief Executive Officer
of the Ghana Chamber of Bulk Oil Distributors, and
Mr Tizard Ansah, the Risk Management Officer of
the Association of Oil Marketing Companies,
rejected the allegations and said they were rather
fighting the menace.

The exchanges took place yesterday at the National
Policy Summit.

They were speaking on the topic:’Innovations and
Opportunities in Government’s New Energy Sector
Management Programme’.

Mr Boateng announced that Cabinet has directed
that all petroleum products meant for export from
Ghana onto the Sahelian market be channelled
through the BOST.

According to him, the directive which takes effect
next week, is in a bid to clampdown on the dumping
of such products onto the domestic market.

Per the directive, he said, all petroleum products
meant for export to the Sahelian market should be
given to BOST at its APD in Accra, who would then
transport it to its Bolga Depot, where the BDCs
could then pick up the product for delivery to the
final destination.

Mr Boateng said the dumping of petroleum meant for
export onto the domestic market was a major
challenge hence the directive.

He stated that in line with the directive, BOST
intended to expand its depots in Bolga and Buipe
and also begin work on the pipelines to transport
the oil from Accra to those destinations.

The pipelines, he said, would reduce reliance on
road transport for the transportation of the
product, which allowed for the dumping.

Mr Hosi, however, disagreed with the Managing
Director of BOST’s assertion that BDCs and OMCs
were to blame for the dumping.

He maintained that the BDCs were not to blame for
dumping, having been the ones to first raise
concerns of the phenomenon, which led to the
Cabinet decision.

“Filling stations are not BDCs, BDCs don’t run
fuel filling stations; BDCs don’t export, it’s
export licensees who export,” he stated.

Mr Hosi said the BDCs were rather those who
suffered most from such activities, and thus the
recommendations the Chamber made to Cabinet, which
they fully supported.

However, that measure alone, he said, was
inadequate.

Mr Hosi also challenged the figure quoted by the
BOST MD, saying, the figure was inaccurate since
the National Petroleum Authority had estimated the
losses at GH?850 million.

Ansah condemned the blanket allegation by the BOST
MD against the BDCs and OMCs, saying although
there may be bad nuts in the industry, it was
inappropriate to blame the whole industry for the
problem.

He called for better implementation of regulations
in the sector to address the problem.

Ansah also noted that while the directive from
Cabinet was a start in addressing the issue, there
was need for additional measures since dumping
could still take place with the directive by
creating an illegal market in the north or
bringing dumped products back to Accra.

He called for GPS tracking of trucks (BRVs) used
in transporting the products to know where the
products would end up.

Source - thefinderonline.com



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