Mission: To manage the business of storage and transmission of fuels focusing on excellence in security, safety, and profitability.

Vision: To be the number ONE fuel and logistics business in West Africa by 2024

Goals:
Enhance Operational excellence
Aggressively grow business
Be the preferred brand in the industry
Objectives:

To own, manage, maintain and develop a national network of oil pipelines and storage depots

To transport petroleum products by pipeline, lake, road, rail and/or sea and to hold such stocks at designated storage depots country-wide

To take steps necessary in the field of environmental protection, safe operation, calamity control and insurance against damage in managing the network

To acquire, store and manage Strategic Reserve stocks of fuel (petroleum i.e. gasoil, gasoline and kerosene) for a minimum of 12 weeks to ensure regular and adequate supply.

To develop the infrastructure necessary for the bulk storage and transportation of petroleum products

To acquire, rent, lease any storage depots that will enhance the operations of the national network.

To operate and account to Government the Distribution Incentive Fuel (DIF) and Strategic Stock Levy.

To rent or lease out part of the storage facilities to enable it to generate additional income for the operation and maintenance of its facilities

Enabling Laws and Authorities:

The government established the Bulk Oil Storage and Transportation Company (BOST) as a state-owned company incorporated in 1993 as a limited liability company with the government of Ghana as the sole shareholder.

The company is governed by The Petroleum Revenue Management Act (PRMA) of 2011, the Local Content Policy 2010, the Petroleum (Local Content and Local Participation) Regulations 2013 LI 2204 and policies to ensure transparency and accountability in the governance of the petroleum sector. The National Petroleum Authority Act, 2005 (Act 691) regulates the operations of the downstream sector where BOST belongs.

Bulk Oil Storage and Transportation Company Limited