The Bulk Road Vehicle (BRV) tracking scheme has helped to reduce the adulteration of petroleum products drastically from 32 per cent to less than two per cent, Emmanuel Armah Kofi Buah, Minister of Petroleum has said.
He said the scheme introduced and implemented by the National Petroleum Authority (NPA) ,equipped over 2,056 BRVs which transported petroleum across the country with tracking devices, to deter any unwarranted tampering with the cargoes.
The Minister said this when he met with the heads of department in the Ministry to appraise its performance in the year.
He said the BRV tracking system was introduced in 2013, not only to serve as a means of confirming delivery of petroleum products in real time, but also to prevent the diversion of subsidised petroleum products from the intended destinations.
Mr. Buah said the Scheme saved the country about GH¢35million per annum, adding that the regulations for BRV Tracking had been developed to give legal backing to the scheme.
Touching on the National Strategic Stock of Petroleum Products, he said the restructuring of the Bulk Oil Storage and Transport (BOST) has resulted in turn-around fortunes of the company while the performance of the strategic national assets had now led to a point where it had now started to successfully fulfil its mandate of ensuring availability of petroleum products.
Mr. Buah said the National Strategic Stock was at an all- time high, with about one million tonnes of products imported from January to June, this year.
He said the Bolgatanga Petroleum Depot with a capacity of 46 million litres of refined gasoline and gasoil was re-commissioned in August last year adding that 8.5million litres out of nine million dead stock that had been idling in the pipeline since 2004 was also successfully recovered.
Mr. Buah said BOST was being repositioned to supply petroleum products in the sub-region, consequently, the company has begun supplying petroleum products to the land-locked countries such as Burkina Faso, Niger and Mali from the Bolgatanga depot while products were lifted by sea to Benin and Nigeria.
He said BOST as a company is currently engaged in an expansion of its petroleum products infrastructure and plans to construct an additional storage tank of up to 100,000 metric tonnes of gasoline and gasoil in Pumpuni in the Western Region to increase the country’s strategic storage.
He said BOST is also currently reviving the Tema-Akosombo pipeline and undertaking repairs on the barrages to improve transport of petroleum products.