About us
Company Background
Oiltrade Company Limited is a company registered under the companies’ code of 1963, Act 179 as a company limited by shares or as a limited liability company. The company was registered on 31-10-2013 and issued with the certificate to commence business on 4-11-2014.
Oiltrade Company Limited was registered to carry out the primary business of Importation, Storage and Distribution of Petroleum Products.
Oiltrade Company Limited is duly registered by the National Petroleum Authority (NPA) as a Bulk Oil Distribution Company with licence number: NPA.300 16 005/OTCL/2014 P.
The company has also been assessed by the Environmental Protection Agency (EPA) and authorized to operate having satisfied all environmental safety requirements.
Though young in the Midstream Oil and Gas Sector of the Ghanaian Economy, Oiltrade Company Limited has attained a respectable status in trading with industry giants like Fuel Trade Company Limited, Chase Petroleum Company Limited, Vihama Energy Limited, Ebony Oil and Gas Limited and Bulk Oil Storage and Transportation Limited (BOST) among others.
Our Strategy
We believe strategy is not an end in itself but rather a means to an end. We therefore emphasize on some key principles as a means of ensuring the long term survival of our company and that at any given point in time, when faced with a particular situation or challenge we must be able to fashion-out prudent measures aimed at dealing with any situation.
We consider the following as the pillars to the achievement and realization of our corporate objectives:
Operational Planning and Efficiency
We share in the maxim that if anything must be done, it must be done well. In this regard, we believe that to be successful in what we do, there is the need for us to carefully plan every operational activity and setup appropriate frameworks and systems for achieving effective and efficient outcomes.
Intensive Innovation and Creativity
In this regard our company is determined to make it part of its culture to intensively pursue innovation and strive to remain creative and not follow blindly what others are doing.
Inspirational leadership and employee development
In order to deliver superior service to our customers (clients), whom we wish to cultivate loyalty towards the attainment of our broad corporate objectives, we believe it is important to create a cadre of well trained and motivated employees, imbued with execution edge based values, to enable the company to deliver on its contractual obligations. Oiltrade Company Limited will continue to embark on a holistic employee centred programme over the next ten years that will assist it to attract and retain the best talent and make the company an employer of choice.
Driving Accountability – organizational model redesign
As part of the strategy for driving accountability, Oiltrade Company Limited will adopt a redesigned organisational model that seeks to create accountability within customer-facing business units for managing assets to continuously improve utilisation, efficiency and customer service. Our business units will also focus on cost drivers with the aim of improving competitiveness.
Organizational Chart (ORGANOGRAM)
Products Or Services
In line with our mandate, we carry out importation of the following or procure from in-take (known as ITT or In-Tank-Transfer):
- Diesel , Gas Oil or Automotive Gas Oil
- Petrol ,Super or Premium
- LPG
KEY CUSTOMERS
Oiltrade Company Limited operates an internal marketing strategy by selling solely to Oil Marketing Companies such as, Dukes Petroleum, Jusbro Petroleum and Beap Energy which are its key off takers.
These Off-Takers have various outlets scattered across the regions of Ghana.
The advantage of this strategy and model to our business is ease of mobilizing revenues or receivables. The stress and challenges associated with the management of receivables are thus eliminated from our operations.
FUTURE PROSPECTS
With the deregulated midstream sector, it is envisaged that the industry would experience a considerable amount of growth. This would also help industry players to break-even on their investments and also be able to make some returns.
Oiltrade Company Limited hopes to take advantage of this conducive environment to undertake the following:
- Construction of Storage Tank Farms in key regions of Ghana
Construction of Office Complex
