CHRIS CHINEBUAH

$330 Million

CEO, FUELTRADE

Age: 58

Wealth: Self Made, OIL & GAS

Education: UNIVERSITY OF GHANA, BACHELOR’S DEGREE IN GEOGRAPHY AND ECONOMICS

Known For: BULK SHIP & TRADE, FUELTRADE

OVERVIEW

Chris Chinebuah is the Chief Executive Officer of Fueltrade Limited and is responsible for executing the overall operational and commercial strategy of the company. He has since 1982 been working in the petroleum industry mainly as a local representative of a number of foreign companies.

These companies include; West African representative of TOTAL DALI (Local representative of Tsakos Shipping & Trading; for crude oil transportation from Nigeria to Tema), Phibro Energy (Local representative of, a subsidiary of Solomon Brothers Inc.), Petrobras S.A. (West African representative), Goegas S.A. (West African representative), Polembros Shipping (Local representative for Crude Oil transportation from Nigeria to Aboadze Thermal Plant).

NET WORTH SUMMARY

Fueltrade is the largest distributor of petroleum products in Ghana and controls 14.05% of the bulk oil distribution market share in Ghana and had distributed 39,483 metric tonnes of refined petroleum products as at the end of January 2015.

Fueltrade is constructing a multi-million dollar Liquefied Petroleum Gas (LPG) storage facility to increase Ghana’s storage capacity at the Kpone Industrial Area in Tema, Ghana. The facility which is being constructed at $60 million can store up to 4000 metric tonnes of LPG.

The storage facility would increase Ghana’s current national storage capacity of some 6,300 metric tonnes to about 11,700 metric tonnes.

Goodman AMC ratings: B