Edwin Provencal is CEO of the Year

The Managing Director of the Bilk Oil Storage and Transportation (BOST), Edwin Provencal, the Petroleum Sector CEO of the Year at the 6th Ghana Energy Awards.

It comes on the back of his impressive turnaround of the company which has posted consistent losses for years.

The company now recorded a GHC160 million in profits in 2021 against a loss of GHC291.07 in 2020.

He was also credited for a number of positive reforms within the company which has returned it into its former glory. These include revival of defunct depots, resumption of marine operations on the Volta Lake, refurbishment of petroleum product pipelines and storage facilities among others.

Within the period, the company’s revenue from gasoline sales increased from GHC140 million in 2020 to GHC341 million in 2021, representing a 144 per cent rise while diesel sales also increased from GHC227 million in 2020 to GHC331 million in 2021, a rise of 46 per cent.