Ghana Oil Company LtdAudio version
Posted / Last update: 29-05-2012
Ghana Oil Company Limited (GOIL) was established on 14th June 1960 under the Companies Ordinance (CAP 193) as AGIP Ghana Limited with AGIP S.P.A of Italy having 855,000 shares and SNAM SPA also of Italy with 95,000 shares. On the 16th December 1968 the 95,000-shares were transferred to Hydrocarbons International Holdings of Zurich. The Company is now fully owned by the government of Ghana which acquired it in 1974. The Ministry of Energy represents the government in all its dealings with the Company.
The Company’s main business is marketing and distribution of petroleum products in Ghana. The biggest chunk of its sales comes from the sale of Diesel and Gasoline. The Company is run by a nine member management team headed by the Managing Director.
The marketing arms of the company are represented by four zonal offices namely the Zonal Office South, Middle Belt (Kumasi), West (Takoradi) and North (Tamale). These offices also serve as distribution points for the company’s products. However, the main distribution points are Liaison Office, Central Depot, and the Accra Plains Depot all within the Tema catchment area.