COMPANY PROFILE

The Company:

RUNEL was incorporated in 2004 to take over the activities of two companies that were operating in the energy sector-- Southern Volta Gas Ltd was in the distribution of LPG and other petroleum products while Souvolgas Manufacturing Ltd was involved in the design and installation of alternative and clean energy such as solar and biomass systems in rural and peri-urban areas. RUNEL is actively engaged in these activities. It is a wholly Ghanaian owed company with seven principal shareholders who have distinguished careers in education, business, medicine and related fields. RUNEL is licensed by the National Petroleum Authority (NPA) as an OIL MARKETING COMPANY.

Our Mission:

To provide critical energy needs of the rural communities in Ghana and beyond for a determined profit. This mission places on RUNEL the rare and huge corporate social responsibility of informing customers of the impact of our activities as well as playing an active role in these areas with regard to social development and sustainable environmental management.

Our Vision:

To become the best energy service provider for rural and peri-urban areas in Ghana and beyond using the three pillars of innovation, unique customer service delivery and people centered management.

Our Growth:

Even though the company started operations in late 2007, it has grown from a three station without-canopy company to one which today owns and operates ten (10) outlets. This includes three LPG outlets in addition to one franchised outlet spread out in five regions of the country. Sites have been acquired for future development of outlets. Organic growth strategy has been adopted as the best method for controlled growth. Synergy may however be sought from individuals who can demonstrate enough managerial competence and financial muscle enough to fly the RUNEL flag after a careful analysis.Sites acquired for future development are as follows:

Akpokploe, Agbozume, Dzodze all in the Volta Region
Garu in the Upper East Region
Ankwa Doblo in the Eastern Region
Dawa Industrial Park, Ningo Prampram in the Greater Accra Region

CURRENT OUTLETS

• Aflao Service Station
• Aflao LPG Refilling Plant
• Agbozume Service station
• Dawhenya Service Station
• Dawhenya LPG refilling plant
• Avalavi Service Station
• Nkwanta Service Station
• YawKwei Service Station
• Tinga Service Station
• Tinga LPG refilling Plant
• Dodowa Service Station

PROFILE OF DIRECTORS OF RUNEL OIL LIMITED

Dr. Peter Selase Akabah: The Chief Executive Officer and a Shareholder, heads the administration of the RUNEL OIL LIMITED. A Medical Doctor (Gastroenterology Specialist) by profession, and a Fellow of the European Board of Gastroenterology and Hepatology. He holds various degrees from Kwame Nkrumah University of Science and Technology, Kumasi and University of Oradea, Romania. He is currently pursuing a PhD. Degree in marketing as a direct result of his present job which is mostly in a marketing environment. His career in the oil industry spanned different roles ranging from a pump attendant, a stations’ supervisor and now the CEO. Dr. Akabah also has the experience as Lecturer at the University of Targu Mures Medical School. With such a rounded and diverse background, Dr. Akaba leads the Executive Management team at RUNEL OIL LIMITED, and he is tasked with the onerous responsibility of implementing all the goals and vision of RUNEL OIL LIMITED

Makafui Paul Akaba: He is a Chartered Accountant by profession. He holds a First Class degree in Bsc. Admin (Accounting) the University of Ghana, Legon. He also holds a distinction master’s degree in Business Administration from Napier University, Scotland. He completed his ACCA in December 2014. His task on the board is very critical to the attainment of the financial goals of the company, as working capital management is key to success in the petroleum sector. So far, Makafui has performed this function creditably, and even where the Company has genuine credit deadlocks, he has brought his negotiation skill to bear in brokering a solution.

Mr. James Kofi Attitsogubui-Amegashie: He is a Lawyer by profession. Mr. Amegashie was called to the bar in 1990. He has extensive legal knowledge of company law and family law. Mr. Amagashie has been a director of the company since its commencement in 2004. He has held the position of the Board secretary since then with a hard-working attitude. He has been resourceful in legal matters that reach the board level for attention. His role as a director has been very helpful over the years.

Mr. James Wilson Salu: He is a teacher by profession. Mr. Salu has risen through the ranks from a pupil teacher to the headmaster of Somey Secondary School. He served as the headmaster of Somey Secondary school for 13 years. After his retirement, he served on various Boards including Afiadenyigba Secondary school, Solvogas Gh. Ltd. He has been the Board Chairman of Rural Energy Resources Ltd (now RUNEL OIL LIMITED) since the commencement of the company. He serves as a mediator at the Tokor High court. With his vast leadership experience, RUNEL OIL LIMITED is very proud to have Mr. James Salu as our Board Chairman.