Tag: BOST
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Minority calls for withdrawal of 100% increment in BOST margin
The Ranking Member on the Mines and Energy Committee of Parliament, Adam Mutawakilu, is asking the government to immediately withdraw the increment in the BOST margin announced by the National Petroleum Authority (NPA). He said the decision to increase the margin amidst the COVID-19 pandemic is unfortunate. He said the Minority in Parliament is concerned…
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IES urges BOST to use increased margin to boost its operations
The Institute of Energy Security (IES), which had backed calls by the Bulk Oil Storage and Transportation Company, BOST for an increase in the BOST margin, has welcomed the increment of the BOST Margin in the price build-up of petroleum products. The IES says it expects BOST to use the marginal increase prudently for the…
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Fuel prices go up slightly as BOST margin increases – NPA
Consumers of petroleum products should be paying an additional three pesewas per litre for the fuel they purchase at the various pumps from June 1, 2020. According to the National Petroleum Authority, NPA, this follows an increase of the BOST Margin in the price build-up of petroleum products. Currently, a litre each of petrol and…
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COPEC, IES back calls for an increase in BOST Margin
Civil Society Organizations, Chamber of Petroleum Consumers (COPEC), and the Institute of Energy Security (IES), have backed calls from the Bulk Oil Storage and Transportation Company (BOST) for an increase in the BOST Margin in the petroleum price build-up from 3 pesewas to 12 pesewas. According to them, if the Margin is increased, BOST can…
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Increase our Margin to maintain our Infrastructure – BOST MD
The Managing Director of the Bulk Oil Storage and Transportation Company, BOST, Edwin Provencal, says there is the need for the BOST margin in the petroleum price build-up to be increased from 3 pesewas to 12 pesewas. He says the current margin is woefully inadequate to put the company in a strategic position to fix…
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BOST solicits private sector support to position itself financially
Managing Director of Bulk Oil Storage Transport, BOST, Edwin Provincal, says the company has secured some oil reserves and support from the private sector to turn around the fortunes of the company. ““We took the opportunity to engage about the past, the present and also the plans we have for the future. They now know…
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BOST must work to keep strategic oil reserves – IES
The Institute of Energy Security, IES, says the current state of the Bulk Oil Storage and Transportation Company, BOST, puts the country at risk in case of oil price hikes. The IES says BOST for the past three years has not been able to strategically store enough oil to cushion the country in an emergency…
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Article: BOST abandons pipeline infrastructure at the expense of the state
In meeting the growing demand of petroleum across the globe, oil and gas pipelines will continue to play vital roles in safely, reliably and efficiently transporting the energy commodities over long distances from their sources to end-users or consumers. Of the various modes of bringing petroleum products to the market (e.g. ocean, road, pipeline and…
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Bulk Oil Distribution Companies commend BOST for setting-up call centre
The Bulk Oil Distribution Companies (BDCs) have commended the management of Bulk Oil Storage and Transportation (BOST) company limited for setting-up a Call Centre to enable stakeholders have a quick response to issues regarding their stock balance. The BOST Call Centre will serve as a vital information network to ease doing petroleum transportation business as…
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Contaminated fuel saga: Let Movenpina pay for 471,000 litres it lifted without payment – C’ttee to BOST
The committee set up to investigate the loss of off-specification petroleum products (off-spec) belonging to the Bulk Oil Storage and Transportation Company Limited (BOST) has come out with its report recommending punishment for the companies at the centre of the issue. The Committee chaired by Senyo Hosi, Chief Executive Officer of the Chamber of Bulk…