‘All hands on deck for petroleum hub to be a success’

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Richard Abbey Jnr., CEO-Xodus Communications - organiser of the annual Ghana Oil & Gas Awards, has urged industry players to support the establishment of a petroleum hub in Ghana that seeks to make the country a central refining hub for the West African region.
  • as industry titans gather at GOGA 2022 to be honoured

Richard Abbey Jnr., CEO-Xodus Communications – organiser of the annual Ghana Oil & Gas Awards, has urged industry players to support the establishment of a petroleum hub in Ghana that seeks to make the country a central refining hub for the West African region.

“We call on stakeholders to support the initiative so that we can curb the depreciation of our currency and reduce imports of petroleum products. This action comes with political will, and we hope government and successive ones will align in that regard.

“Ghana imports in excess of US$100million of petroleum products. We cannot have oil and be poor. Indigenous investors should have an unwavering appetite for risk and take advantage of an energy economy which will see the construction of refineries, petrochemical plants, storage tanks and jetties with port infrastructures,” he said at the 2022 edition of the Ghana Oil & Gas awards that saw industry leaders honoured for their work in 2022.

In October 2020, government passed the Petroleum Hub Development Corporation bill, an initial step in the development of a refining and petrochemicals complex that will see Ghana become a central refining hub for the West African region. The development is set to provide a boost for local companies and allow Ghana to best take advantage of new regional trade opportunities.

Despite the growing excitement and enthusiasm about the project, which has potential to take advantage of the Africa Continental Free Trade Area (AfCFTA), Mr. Abbey urged government to avoid bureaucracies and adhere to championing local content – which will offer highly skilled jobs to Ghanaians.

2022 award winners

Hall of Fame/single nominees

Oil Marketing Company, Goil PLC; Petroleum Retailer/Dealer, Aretha Bakers Woode-Bethel Construction and Trading Enterprise; Lubricant Product, TotalEnergies–Total Quartz 9000; Excellence in Corporate Social Responsibility – Downstream, Vivo Energy Ghana, Shell Licencee; Bulk Distribution Company, Juwel Energy; Haulage Company, Kodson Plus Company; Oil and Gas Insurer, Star Assurance; and Engineering and Construction Company, TechnipFMC Ghana.

Multiple winners in same category

LPG Marketing Company, Andev Company; Oil and Gas Logistics Company, Kodson Plus Company; Oil and Gas Service Company (Gas), Ghana National Gas Company; Oil and Gas Service Company (Bunkering), Goil PLC; Oil and Gas Service Company (Upstream), Rigworld Group; Excellence In Health, Safety, Environment & Quality (Depot), Tema Tank Farm; Excellence In Health, Safety, Environment & Quality (Haulage), Kodson Plus Company; and Excellence In Health, Safety, Environment & Quality (Upstream), TechnipFMC Ghana.

Categories with Nominees

Petroleum Retailer/Dealer, Andev Company; Indigenous Oil Company, Petrosol Ghana; Excellence in Corporate Social Responsibility-Upstream, Ghana National Gas Company; Oil and Gas Personality (Downstream), Isaac Asante-Gaso Petroleum; Local Content Initiative Award, Tullow Ghana; Oil Marketing Company, TotalEnergies; Brand of the Year, Goil PLC; Emerging Brand, Engen Ghana; Promising Oil and Gas Company, JP Trustees; Depot of the Year, Tema Tank Farm; Lubricant Product, Lubricants Supplies Ghana – Castrol; Bulk Distribution Company, Chase Petroleum; Excellence In Corporate Social Responsibility – Downstream, TotalEnergies; and Best Growing Oil & Gas Company, IBM Petroleum.

Individual honours

Entrepreneur of the Year, Kodime Agbemador – Kodson Plus Company; CEO of the Year (Downstream), Yvette Selormey – Sahara Group; CEO of the Year (Upstream), Dr. Ben K.D. Asante – Ghana National Gas Company; and Special Recognition for Leadership Excellence, Kwaku Bediako – Executive Chairman-CH Group.

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