• Chadeco Oil & Gas Limited

» Oil Trading, Marketing and Sale of petroleum products.

We currently supply crude oil and petroleum products to the Tema Oil Refinery (TOR) -the only refinery in Ghana. Our products are basically imported from across the world, with the Crude Oil coming mostly from West Africa. The products are sold in bulk to TOR for onward re-sale and purchase by the Oil Marketing Companies (OMCs). To also capture, a sizeable percentage of the petroleum products market share in the country, Chadeco hopes to sell petroleum products directly in bulk to the OMCs, the mining companies and the servicing companies involved in the exploration and production activities in the country. 

Bulk Distribution and Export of Petroleum Products

As part of our business development strategy, Chadeco intends to obtain a Bulk Distributors Company (BDC) as well as Petroleum Product Export licences to enable the company distribute and export petroleum products in large quantities in the country and to the Sahelian countries, notably, Burkina Faso, Mali and Niger. A number of companies have been granted and issued with such BDCs licenses. Opportunities abound in this area of petroleum product marketing as the demand for such services is very high in Ghana and the neighbouring landlocked countries. 

As a result of the dearth of petroleum product storage facilities in the country, the need for the construction of more Storage Depots cannot be over-emphasized, which is why Chadeco will be building its own Tank Farm in Ada for its imported products The tank farm would also serve as a warehouse for the storage of petroleum products imported by the Oil Trading Companies. 

The Company has signed a Throughput Agreement with Bulk Oil Storage and Transportation Company Limited (BOST) for the use of its storage and rack facilities at its depots located at the Accra Plains, Mami Water, Akosombo, Dedre, Buipe, Savelugu, Bolgatanga, Kumasi, Takoradi and any other locations as may be specified/nominated by BOST. The company has been located storage capacities of 40,000 Metric Tons for Automotive Gas Oil and 35,000 Metric Tons for Premium Motor Spirit (PMS).

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