Introduction

ZEN is a solely owned Ghanaian Oil Marketing Company (OMC) that within eight years has
established itself as the market leader in supplying Fuel and Lubricants to mines in Ghana, with
expanding footprint in the African region, and a growing retail network in Ghana. ZEN started
operations (under Holman Petroleum Ltd) with contract to supply Goldfields mine in Tarkwa. Won
contract to design, build and operate fuel 250,000 liters fuel supply facility for Endeavour Mine in
Nzema (12 ml p/a). Officially started trading as ZEN Petroleum Ltd. ZEN was awarded the
certification after meeting the requirements of the internationally respected Quality Management
System (QMS) standards-measuring instrument ISO 9001:2008.

“Quality is a central component of our mission and our culture, and we are committed to the on-
going development and delivery of superior products that align with our vision of creating a truly
pollution free world,” said Paul Twum-Barimah, ZEN’s Corporate Affairs Manager. “The ISO 9001
Certification is a significant milestone for all of us at ZEN as a local company.

“As a West African company with a global outlook, international standards and quality products, we
pioneer innovative solutions. We were the first oil company to introduce low sulphur (500 ppm) to
mining companies in Ghana. Our goal is to be the most cost-effective supplier of quality fuel and
lubricants and related services to our customers.”

Mr Twum-Barimah stated that this is another indication that indigenous Ghanaian OMC’s are ready
to take back control of the downstream petroleum sector and called on government to speed up
implementation of a local content and participation policy to stop the sector from falling into
predatory OMC’s, owned and controlled by oil trading conglomerates, who are well positioned to
manipulate the market to the long term detriment of a sector that currently contributes around 10% of
the country’s gross domestic product. The establishment of ZEN’s QMS made it possible to
articulate the company’s vision and mission to innovate within the downstream industry while
effectively and consistently meeting the needs and expectations of its customers and partners.ZEN
Petroleum is the largest supplier of Gasoil to mines in Ghana with offices in Mali, Burkina Faso and
Liberia.

 2010: ZEN started operations (under Holman Petroleum Ltd) with contract to supply Goldfields
mine in Tarkwa.
 2011: Won contract to design, build and operate fuel 250,000 litre fuel supply facility for
Endeavour Mine in Nzema (12 ml p/a).
 2013: Officially started trading as ZEN Petroleum Ltd. Commissioned lubricants and fuel analysis
laboratory in Tarkwa in collaboration with Wearcheck.
 2014: Started supplying Resolute Mining in Syama, Mali (48ml p/a).
 2015: ISO 9001 Accreditation Awarded to ZEN Petroleum. Won fuel supply contract for
Newmont Mine in Ahafo (36ml p/a). Started blending own lubricants.
 2016: Won fuel supply contract for Perseus Mine in Ayanfuri (30ml p/a) and Anglo Gold in
Iduaprim (25ml p/a).
 2017: Won fuel and lubricants supply contract for Kinross Chirano Mine (12ml p/a).
 2017: First OMC in Ghana to supply 10ppm low sulphur diesel.
 2018: APR – ZEN celebrated 1000 LTI Free days.
  2018: Commissioning of new fuel storage depot at Tarkwa mine with over 5 million litres
capacity.

ZEN IS COMMITTED TO:

 Becoming an end to end solutions provider, investing in infrastructure and safety to ensure an
operationally secure and reliable supply chain in high quality, clean, low sulphur fuels.
 Expanding and modernising its retail network throughout Ghana.
 Offering additional ancillary services in the mining sector, including supply of own branded
lubricants, speciality lubricants, coolants, degreasers, fuel quality and testing.
 The Customer is the reason we exist; Commitment to zero losses, zero accidents. With ZEN a
liter is a liter.

Social-economic trends that affect ZEN petroleum

ZEN is one of leading company that providing services in the oil market and has well grown market
which highly depends on the ZEN services. Many new thing that are