NEWS
Ghana - April 30, 2018
Ghana Oil Company (GOIL) has announced plans to move into the upstream sector by partnering with an IOC with deepwater experience, local media reported…
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BACK TOCOMPANIES
GOIL
GOIL in figures
Number of petrol stations in GOIL’s network:More than 440
Nameplate capacity of GOIL's bitumen plant7,500 tpy
GOIL, formerly known as Ghana Oil Company, is an importer, marketer and distributor of petroleum products in Ghana. The company has been listed on the Ghana Stock Exchange since 2007 with the ticker GOIL. As of 2024, the government of Ghana owned 34.23% of GOIL’s shares, with the remainder held by private and institutional investors.
The company operates four subsidiaries:
- GOEnergy, which engages in the import, storage and distribution of bulk petroleum products
- GOIL Upstream, an offshore-focused E&P company and provider of oil and gas consultancy services
- GO Financial Services, which offers electronic payment, money transfer and ancillary services
- GOBitumen, which produces, markets and distributes bitumen products
GOIL’s product offerings include automotive fuels, marine gas oil, aviation fuel, mining diesel, lubricants, bitumen and bitumen derivatives, and LPG.
The company manages a retail fuel distribution network with more than 440 petrol stations, the largest in Ghana. The company is in the process of upgrading its offerings to motorists to include food services, convenience shops, lube bays and tire services.
GOIL operates a bitumen production plant in Tema, in Ghana’s Greater Accra Region, developed in partnership with Société Multinationale de Bitumes. It has a nameplate production capacity of approximately 7,500 tonnes per year and is equipped with testing and storage facilities, as well as loading infrastructure for transfer of product onto tanker vessels and trucks.
The company supplies aviation fuel directly to customers at the Kotoka International Airport, Prempeh I International Airport and Takoradi Air Force Base, and in other regional airports through partnerships.
In the marine segment, GOIL tankers deliver bunkers and lubricants at various locations along the coast of Ghana. Through a dedicated division, the company can provide ship-to-ship bunkering at ports, anchorage locations and offshore.
Company website: www.goil.com.gh
GOIL News And Features
NEWS
Ghana - October 27, 2020
The Ghanaian parliament has passed the Petroleum Hub Development Corporation Bill, aimed at creating an oil, gas and…
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Interview
Ghana - February 06, 2020
Randi Cruz, managing director of ExxonMobil Exploration & Production Ghana (Deepwater), talks to TOGY about the country’s…
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Interview
Ghana -
George Mensah-Okley, the managing director of the Bulk Oil Storage and Transportation Company (BOST), talks to TOGY about the…
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NEWS
Ghana - November 30, 2018
Ghana Oil Company (GOIL) and ExxonMobil have signed a joint operating agreement for exploration on the Deepwater Cape Three…
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