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Business News of Monday, 13 April 2015


Star Oil inaugurates new corporate head office

Locally owned oil marketing company, Star Oil, has inaugurated its new corporate head office at East Cantonments in Accra with a pledge to deliver excellent customer service to its clients.

The company, which started business in 1999, initially sold kerosene and premix fuel and later added the sale of diesel, liquefied petroleum gas (LPG) and residual fuel oil.

Speaking at the inauguration, the Chief Executive Officer of the company, Mr Vincent Kaledzi, said the construction of the new corporate head office was a giant leap into the increasingly prosperous future.

“Indeed, Star Oil is arguably the indigenous oil marketing company most supportive of government’s efforts in improving social equity and easing the burden of access to petroleum products among rural dwellers. Star Oil distribution points are found in remote villages along the Volta Lake and across the low-income northern and southern areas of Ghana,” he said.

The company, he also said, observed respectable standards of good governance and corporate social responsibility in its operations.

He explained that “Star Oil has a comprehensive health, safety and environmental policy to guide its operations. It invests in the education and training of its employees, customers and contractors.”

Mr Kaledzi further explained that being an important stakeholder in the petroleum sub-sector, Star Oil was well poised to fulfil its social obligations through active involvement in national efforts at all levels aimed at maintaining a desired and stable economy.

“Thus, Star Oil will continue to support platforms that promote equity as well as the judicious management of Ghana’s oil and gas revenue which will stimulate growth and the further expansion and modernisation of energy infrastructure for the benefit of all Ghanaians,” he added.

The company has subsequently launched its “Xornametor Foundation” with the aim of providing some relief for the youth from underprivileged communities in order for them to make positive changes in their lives.

It was launched by the Chairman, Dr Leonard Kaledzi, with an initial seed fund of GH¢100,000 for the promotion of educational equity, social justice and human rights.

“The humble beginnings of the patron and his associates are the compelling reasons for the establishment of the Xornametor Foundation. It is the desire of the founders to brighten every corner where Star Oil operates,” he said.

Dr Kaledzi also added that it was their conviction that the youth of Ghana were a major asset and therefore their physical, social and spiritual needs must be met to enable them to have improved economic opportunity and quality of life so that they could impact the country’s progress.

The activities of the foundation will also include stocking basic school libraries and funding infrastructural projects in selected basic schools. It will also consider full or part payment of the school fees of selected qualified youth at all levels of education.