Business News of 2014-01-15

GOIL promises to remain among the best

Mr Patrick Akorli, the Managing Director of Ghana Oil Company (GOIL), said on Monday that the Company would continue to implement policies that would enable it to remain among the best in the country.

“Since the Ghana Club 100 was introduced, GOIL has always been in the top 15. The High Street Journal has also recognized GOIL as one of the outstanding companies in Ghana,” he told the GNA in an interview.

Mr Akorli said United States Peace Corps mentioned the Bolgatanga GOIL Service Station as having contributed to its work in the Upper East Region and the company has maintained its market leadership in gasoline, premix, LPG, bunkering and lubricants since 2002.

"We achieved a lot of recognition last year both locally and internationally and we are going to intensify our output this year,” said Mr Akorli who is also known as Togbe Adza-Nye IV. Dutrofia of Ziavi in the Volta Region.

He said GOIL was providing mechanized bore holes for deprived communities across the country as part of its corporate social responsibility, adding that last year the company spent over GH?200,000.00 on mechanized bore holes in eight communities in the Volta, Eastern and Greater Accra regions.

Mr Cyril Opon, Corporate Affairs Manager, told the GNA that GOIL would continue to improve and provide varieties in terms of its products and service delivery through product differentiation.

“In the region of fuel oils it is about combining best breeds of additives with the normal fuel oil. Our experienced technical team is the brain behind the innovations. They are able to take advantage of global research findings to create products of quality to our customers,” he said.

Mr Opon said last year GOIL introduced specially formulated lubricants for commercial and private cars to protect engines against oxidation, rust and corrosion.

“The non-toxic and biodegradable lubricants with special additives are to ensure that the physical and chemical stability of the product remains unchanged even after prolonged exposure to mechanical and thermal stresses,” he said.