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Downstream and Global Trading

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Springfield commenced trading operations in 2008 to meet the local demand of imported refined products as well as crude oil and became one of the pioneer players in Ghana’s downstream sector. We obtained a license in 2010 as a Bulk Distribution Company (BDC) from Ghana’s National Petroleum Authority (NPA) for the procurement, sale and distribution of petroleum products to Oil Marketing Companies (OMC’s) and refineries.

Over a period of five (5) years, we supplied 12.5% of Ghana’s petroleum products requirement and continue to be one of the leading exporters of refined products to neighboring land-locked countries such as Mali and Burkina Faso. We were also the first independent Ghanaian entity to lift the Government of Ghana’s crude oil entitlement from the TEN field in 2016 and 2017.

The Group ventured into Nigeria in 2011 where we became active in Nigeria’s downstream sector by exporting crude oil. We also successfully handled the export of a new gas to liquid product (condensate) with the attendant complex logistics. These products were placed directly in South Korea, Brazil, and parts of Europe.

We have traded with and formed business partnerships with various oil majors and participants in the downstream sector including BP, Chevron, Total, SK Energy, Braskem as well as Vitol, Trafigura and Glencore. We are currently exploring the promotion of petroleum product imports of higher specifications as well as alternative fuels.