Radiance Petroleum celebrates 10 years anniversary
The Radiance Petroleum Limited has marked 10 years of its contribution to the country’s downstream petroleum industry.
Dubbed, “This Far by Grace,” the anniversary, marked on Sunday, October 16, began with a series of activities including customer service week, a visit to an orphanage among others and was climaxed with a thanksgiving service and dinner.
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Radiance journey
At the anniversary celebration in Accra, the Managing Director (MD) of Radiance Petroleum Limited, Mr Emmanuel Pobee, said like every successful business, Radiance’s journey has not been without its difficult paths.
He said what helped the company through the difficult paths and made it stronger and a shining example among competitors was its resolve to grow through its turbid experiences, focusing on its vision, and never compromising its values.
“Along the journey, we were blessed to have, against the odds, turned some lemons which were thrown at us into lemonades, and in the process helped us to enrich our operational processes. Today’s milestone marks both an end and a new beginning.”
“We say goodbye to a glorious decade of slow and steady growth with great learning, and usher ourselves into a new decade that builds on the growth, learning and achievements of the past,” he said.
Mr Pobee added that, “What we know for certain is that the new decade will be entirely different from the one just ended.”
“Changes in regulatory framework, changes to Deregulation policy, advancement in LPG cylinder re-circulation programme, advancement in Energy transitioning, and changes in the technological and financial landscape may change the phase of the industry.”
The Deputy Managing Director (DMD) of Radiance Petroleum Limited, Joseph Addae, added that the 10 years of operating the company had not been easy, counting dealing with the challenges of the financial sector, COVID-19 outbreak and the recent Russia-Ukraine war.
The downstream
The Business and Strategy Analyst at Association of Oil Marketing Company (AOMC), Alfred Addo-Yobo, commended Radiance Petroleum Limited for its contribution in the industry.
“Since its establishment in the petroleum downstream industry a decade ago, Radiance Petroleum has contributed millions of cedis monthly in taxes and levies to the government as well as their zero compromise on safety, making them a force to be reckoned with in the industry,” he said.
Mr Addo-Yobo added that “the company’s core objective has always been to make sure that when we visit any of their stations for fuel purchases, we can conduct our business safely and conveniently”.
He said Radiance Petroleum has shown resilience against the harsh tides of the industry despite the depreciation of the local currency, which has led to many companies collapsing or being placed on ventilators.
This, he said, could not be magic but rather sound business principles by the hardworking management under the direction of the board of directors.
Radiance’s contribution
Radiance was licensed by the National Petroleum Authority (NPA) on November 9, 2012 with three stations at Abesim – Sunyani, Ajumako and Nyanyano.
Its provisional licence was confirmed in November, 2013.
Since then, it has gone on to acquire other licenses such as Bunkering licence, Lubricant Blending licence and Mining Support Services licence.
Currently, it has 37 outlets and a staff of over 230 people.