The Chief Executive Officer and Managing Director of GOIL Group, Edward Bawa, has revealed that the company sources about 30 percent of its finished petroleum products from local refineries.
According to him, GOIL supplements its supply with products from domestic refineries, particularly the Tema Oil Refinery and the Sentuo Oil Refinery, depending on prevailing market conditions.
Speaking in an interview on Channel One TV’s The Point of View, Mr. Bawa explained that the share of locally sourced products is limited by the country’s refining capacity.
“It will obviously not be more than 30 percent because the in-country capacity is not sufficient for us to source more. But at least it is not more than 30 percent,” he said.
Despite these limitations, he noted that sourcing petroleum products locally offers cost advantages over imports. “The products we get in the country are comparatively cheaper,” he added.
