About us
Corporate Profile
The recent discovery of substantial oil reserve in Ghana has created a soaring demand for oil and petroleum products in Ghana and its neighbouring countries. Ghana is ranked fourth in Africa as the most attractive investment destination for Foreign Direct Investment (FDI), mainly due to the opportunities in the oil and gas sector.
DAD PETROLEUM (DP) is the business / trading name for AEL ENERGY LIMITED a BDC and OMC licensed company incorporated under Ghana law, with the purpose of importing, exporting and distributing in wholesale quantities, petroleum products to Oil Marketing Companies (OMCs) and large industrial concerns and mines within and outside Ghana. DP is an emerging global force in the Oil and Gas industry specialising in the mid-stream and down-stream sector by importing, exporting and distributing petroleum products in both wholesale and retail quantities. The company draws much of its experience and synergy from its sister company DAD Ventures (UK) which is an active member of Association for Petroleum and Explosives Administration (APEA).The growth of the African economy has frequently been linked to the richness of its untapped mineral reserves and infrastructure development. While these sectors continue to hold their importance, the economy is diversifying, with Africa emerging as a key oil-producing region.
As an emerging BDC holder specialising in the oil and gas mid-stream and downstream sector, our business is guided by relentless focus on our five main imperatives, by delivering a competitive and sustainable rate or return to our investors. All our long-term strategies and short-term actions will be moulded by a set of core values that are shared by each associate. Our corporate activities will be conducted to the highest ethical and professional standards. We also believe in education, enrichment and development. We will foster relationships that integrate the talent, interests, and goals of all our co-workers
As an emerging BDC holder specialising in the oil and gas mid-stream and downstream sector, our business is guided by relentless focus on our five main imperatives, by delivering a competitive and sustainable rate or return to our investors. All our long-term strategies and short-term actions will be moulded by a set of core values that are shared by each associate. Our corporate activities will be conducted to the highest ethical and professional standards. We also believe in education, enrichment and development. We will foster relationships that integrate the talent, interests, and goals of all our co-workers
How We Work
Working Progress
The five key characteristics leading to the success and profitability of DP are:
01
Provision of high-quality service in the markets that currently are either un-served, poorly served, or under-subscribed by existing companies, thereby setting both a new trend and a new pace in the industry
04
Employment of cost-effective, above ground fixed roof tanks or floating roof tanks that operate under no (or very little) pressure, distinguishing them from pressure vessels, which in turn have additional requirements that must be considered. This will help ensure the highest level of reliability, environmental friendly, safety, and customer satisfaction
02
Development & implementation of cooperation’s, associations, and partnerships with other larger, more established, and highly regarded upstream and refinery companies .
05
Ensuring a friendly, cooperative, enjoyable, yet highly professional face to the customer.
03
Utilization of the latest electronic and informational technology in sales and marketing, repairs & maintenance scheduling, resource planning and operational oversight.
Our Vision
To become a leading Oil and Petroleum Company, with a clear focus on each business sector. In doing this, we aim to deliver an excellent service to our customers and business partners in a professional and cost-effective manner, as well as being committed to our employees and our environment.
Our future course of development will continue to capitalize on the tremendous business opportunities brought by the rapid development of economy in Ghana.
Our Mission
Our mission is to be an environmentally conscious, fiscally responsible, well-managed for-profit enterprise that reinvests for future growth and development. To build and maintain alliances with those that share our interests and can contribute to and participate in our success. We are a market-focused, customer-oriented company that develops and delivers innovative solutions to our customers and consistently exceeding industry standard and provides a dynamic and challenging environment for our employees. We are dedicated in implementing the critical initiatives required to achieve our vision. In doing this, we will deliver operational excellence in every aspect of our business and exceed our commitments to the many constituencies we serve.
Corporate Responsibility
At DP, CSR will be more than just a marketing term, as we believe the act of ‘giving’ goes beyond the mere signing of a cheque.
Our CSR will revolve around the concept of “RHYTHM“;
Our CSR will revolve around the concept of “RHYTHM“;
R
Raise
Y
Yourself
T
To
H
Help
M
Mankind
being the guiding principal in all that we aim to do, we will embark on various initiatives to make a difference in the communities in which we operate.
A very important part of our CSR involves environmental conservation. We will have a green company policy in all our offices that emphasises recycling, saving energy and going paperless, among other strict environmental-friendly practices.
A very important part of our CSR involves environmental conservation. We will have a green company policy in all our offices that emphasises recycling, saving energy and going paperless, among other strict environmental-friendly practices.
Code of Conduct
DP is committed to the strictest codes of Business Conduct and Ethics. As a member of the Association for Petroleum and Explosives Administrators (APEA) in UK, our commitment to responsible Care ensures we comply with all applicable environmental, health and safety laws and regulations to safeguard people, property and the environment.
DP fully supports the Community Awareness and Emergency Response (CAER) Code of Management Practices to assure emergency preparedness and to foster community right-to-know. These include pollution prevention, process safety, distribution, employee health and safety, and product stewardship.
We are also committed to the principles of the UN Global Compact, which supports human rights, environmental protection and anti-corruption initiatives.
DP fully supports the Community Awareness and Emergency Response (CAER) Code of Management Practices to assure emergency preparedness and to foster community right-to-know. These include pollution prevention, process safety, distribution, employee health and safety, and product stewardship.
We are also committed to the principles of the UN Global Compact, which supports human rights, environmental protection and anti-corruption initiatives.
Our strategy and sustainability
We believe that the best way for DP to achieve sustainable success is by acting in the long-term interests of our shareholders, our partners and society. We aim to create long-term value for our shareholders by helping to meet growing oil and gas demand in a safe and responsible way. DP will endeavour to be a world-class operator, a responsible corporate citizen and a good employer. We believe we have a positive role to play in meeting growing oil and gas demand in Ghana and African at large. By providing safe and secure oil storage facility, efficient distribution and logistical activities, we support economic development and help to improve quality of life for millions of people. Our activities also generate jobs, investment, infrastructure and revenues for governments and local communities.
Keeping a relentless focus on safety is the top priority for us. Rigorous management of risk helps to protect the people at the front line and the places in which we operate. We will work towards becoming a simpler business, reducing complexity and increasing efficiency. We will strengthen our portfolio of high-return and longer-life upstream assets, while building high-quality downstream businesses with premium products and advanced technologies.
Strong financial performance is vital, as this will enable us to make the effective investment decisions necessary to produce the oil and gas that society requires, while rewarding and maintaining the support of our shareholders.
Keeping a relentless focus on safety is the top priority for us. Rigorous management of risk helps to protect the people at the front line and the places in which we operate. We will work towards becoming a simpler business, reducing complexity and increasing efficiency. We will strengthen our portfolio of high-return and longer-life upstream assets, while building high-quality downstream businesses with premium products and advanced technologies.
Strong financial performance is vital, as this will enable us to make the effective investment decisions necessary to produce the oil and gas that society requires, while rewarding and maintaining the support of our shareholders.
Corporate Governance
DP is committed to maintaining and upholding the highest standards of corporate governance to safeguard the best interest of its stakeholders. We understand that operating in politically complex regions and technically demanding geographies requires sensitivity to local environments. At DP, we believe that a reputation for integrity is one of the most important assets any company can possess.
We support strong corporate governance as it adds more transparency for investors and more accountability for those in positions of financial stewardship. We can only retain the ability to operate if we are accountable and transparent in all our business activities. We must earn people’s trust by being fair and responsible in everything we do.
We monitor our performance closely and aim to report in a transparent way. We believe good communication and open dialogue are vital if we are to meet the expectations of our employees, customers, shareholders and the local communities in which we operate.
We support strong corporate governance as it adds more transparency for investors and more accountability for those in positions of financial stewardship. We can only retain the ability to operate if we are accountable and transparent in all our business activities. We must earn people’s trust by being fair and responsible in everything we do.
We monitor our performance closely and aim to report in a transparent way. We believe good communication and open dialogue are vital if we are to meet the expectations of our employees, customers, shareholders and the local communities in which we operate.