CEO of Vitol visits local communities around Offshore Cape Three Points

The Group CEO of Vitol, Russell Hardy has paid a working visit to some communities benefiting from the Livelihood Restoration Plan of the company, which are part of the Offshore Cape Three Points (OCTP) oil and gas development in the Western Region.

Over 200 households in the area have since benefited from the projects, receiving the training and equipment to set up new businesses including cobbling, hairdressing, aquaculture, sheep rearing and vegetable production, with a particular focus on upskilling young people and women.

Mr Hardy visited projects in the area around Sanzule which is next to the OCTP onshore receiving facility, through which the gas that will power Ghana for the next 15 years is distributed.

The projects were developed by the partners Eni, GNPC and Vitol, working closely with the World Bank.

Mr Hardy said; “Vitol is proud of its long history of working in Ghana. The success of these projects highlights small scale commercial and industrial opportunities within local communities and the real potential for growth in Ghana. We thank our corporate partners and the communities for all their hard work”.

Vitol is an energy and commodities company; its primary business is the trading and distribution of energy products globally – it trades over seven million barrels per day of crude oil and products and, at any time, has 250 ships transporting its cargoes.

Vitol’s clients include national oil companies, multinationals, leading industrial and chemical companies and the world’s largest airlines.

Founded in Rotterdam in 1966, Vitol currently serves clients from some 40 offices worldwide and is invested in energy assets globally including: circa 18mm3 of storage across seven continents, 480kbpd of refining capacity and 5,000 service stations across Africa, Australia, Eurasia and in Northwest Europe. Revenues in 2017 were $181 billion.