Wednesday, October 20, 2010

Total pledges more investment

Total Petroleum Ghana Limited has pledged to deepen its commitment to the growth of the country’s petroleum downstream sector.

“Huge investments will be directed to the country’s new oil sector to sustain its operations and increase customer delivery.

“The company holds huge investments in oil exploration in other countries including Nigeria and Equatorial Guinea and operates in over 56 countries in Africa; these experiences will be replicated in the country’s new oil sector to boost investment.”

Mr. Stanislas Mittelman, Executive Vice-President, Total West Africa, was speaking in Accra at a programme to mark Total’s 50th anniversary celebration in Ghana.

“Africa and the Middle East are an important part of the Total Group’s business, for both exploration and production and downstream operations.

“Through organic growth and a number of mergers, we have become the market-leader in Africa,” he said.

Jonathan Molapo, Managing Director Total, indicated that the Ghanaian environment is complex and highly competitive.

“Total Petroleum Ghana has certainly taken the lead in the areas of strong partnership with dealers, commercial customers and lubricant distributors built on quality service and mutual respect.”

The company will continue to invest in all areas of the business from service stations, commercial customers and logistics, he mentioned.

“Our quality range of Quartz and Rubia lubricants continue to be the favorite of the consuming public because of their sterling qualities of guaranteeing longer life to the vehicles and reducing the cost associated with buying inferior quality lubricants,” he said.

Total Petroleum Ghana Limited currently has an estimated market share of 28 percent, with a network of 225 service stations evenly distributed across the country.
It is a subsidiary of Total South Africa, the world’s 4th largest oil and gas company and a major player in the continent’s upstream activities of exploration and production of oil and gas.

It occupies a strong position in Africa, with downstream operations in over 56 countries with about 3,800 branded services stations and shares in seven refineries.

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