BOST clarifies fuel export cut to Burkina Faso, Mali – Says no imminent shortage in Ghana

BOST Energies Limited has addressed recent reports of fuel export cuts to Burkina Faso and Mali, clarifying that the reduction in supply volumes is not due to an impending fuel shortage in Ghana. The company's Managing Director, Afetsi Awoonor, clarified during an interview with Reuters that the export business is being managed to ensure sufficient fuel availability for the country first.

BOSTenergies emphasized that there is no imminent fuel shortage in Ghana and that no supply cuts have been implemented. The reduction in exports to the Sahelian countries is primarily due to ongoing revamp works at its Bolgatanga depot, which serves as the northernmost facility and gateway for fuel supplies to the region. The company stated that this decision is not influenced by political, security, or diplomatic considerations.

Under normal operations, fuel for regional exports is transported through an integrated network of pipelines and barges, allowing BOSTenergies to supply Burkina Faso and Mali at competitive prices while maintaining its profit margins. With the Bolgatanga depot nearing completion, the company has continued supplying the regional market by utilizing fuel from its coastal depot in Tema via Bulk Road Vehicles.

BOSTenergies reaffirmed its commitment to regional fuel security and is working with government and regulatory partners to expedite the completion of the Bolgatanga facility.

Brief written by urgent.news from MyJoyOnline Ghana's own syndicated text. Machine-written — may contain errors; check the original before relying on it.