ModernGhana logo
body-container-line-1
26.03.2016 Business & Finance

Puma Energy plans to open terminal at KIA

By GNA
Listen to article

Accra, March 26, GNA - Puma Energy has plans to inaugurate a terminal at the Kotoka International Airport (KIA) in April, officials of the company have said.

In a statement issued to the media on the vision and activities of the company, and a planned visit to its retail service centre at Oyarifa, in the Greater Accra region, the officials said the Transport Minister, Mr Fifi Fiavi Kwetey, was expected to perform the inauguration.

Myles Bouvier-Baird, the General Manager at Puma Energy Ghana said: 'This momentous event comes in the wake of Ghana's remarkable stride towards economic transformation, particularly, in the extractive sector with oil and gas leading the way.

'Puma Energy values these developments as an opportunity to partner Ghana in empowering the energy sector with the supply of affordable, high quality products in a safe, swift and reliably way, and this is at a competitive price.'

The company has been supporting the country's oil industry for close to 10 years through the construction and operation of the CBM import system which, officials said, had been consistently available and was used to import crude and fuel products.

Puma in recent times entered the storage and distribution market through its acquisition of minority shares in UBI holdings, operating in the storage domain as Blue Ocean and in the downstream segment as UBI, (renamed Puma Energy Ghana).

'The majority of the company is held by Ghanaians shareholders, making it a truly Ghanaian company,' Mr Bouvier-Baird.

Puma Energy, through Blue Ocean, said it had invested heavily in developing fuel logistic infrastructure; quoting Blue Ocean as having invested in a 32,000m3 depot in Tarkoradi, the only depot with gasoline storage capacity, which would allow availability of gasoline in a key market.

'Blue Ocean has also invested in a new aviation depot airport in the West Africa region,' Mr Bouvier-Baird said.

'With Puma Energy Ghana, we are growing our retail footprint and will soon have 50 puma energy branded and upgraded retail stations to supply quality fuel, while offering lubricants and fuel to commercial customers.'

The company has operates in 47 countries across five continents and in African is present in 19 countries, with 50 per cent of its ownership being in the hands of African investors.

'We pride ourselves as an Africa fuel supplier of choice, committed to building capacity in fuel transport, bunkering, storage and distribution in Ghana and across the African continent,' Mr Bouvier-Baird said.

GNA

Join our Newsletter

body-container-line