Chief Executive of Star Oil Ghana, Philip Tieku, has revealed that the company is considering the option of listing on the Ghana Stock Exchange (GSE) as part of its long-term expansion strategy.
Mr Tieku noted that while the proposal is under consideration, the final decision rests with the current shareholders of the company.
The Chief Executive of Star Oil disclosed this on PM EXPRESS BUSINESS EDITION with host George Wiafe on November 6, 2025.
“It should be seen as part of our plans to raise capital as part of our expansion into new areas and consolidate our position in the industry,” Mr Tieku said.
He added that if shareholders approve the plan, it will be executed in a way that protects the company’s indigenous identity.
“Looking at the current growth path of the company, it is something that we have to decide on soon in terms of going public,” he explained.
Mr Tieku further revealed that listing on the GSE is one of several options being explored to raise capital in support of Star Oil’s integration into other sectors.
Expanding into other areas
The Chief Executive also disclosed that Star Oil is working to venture into the tank farm business and bulk oil distribution as part of efforts to extend its footprint across the petroleum value chain.
“The move is part of measures to fully take over the petroleum products value chain as a major operator,” he added.
Sustainability of Star Oil’s model
Mr Tieku expressed confidence in the sustainability of Star Oil’s business model, dismissing suggestions that the company’s rapid growth is unsustainable.
“I heard this thing some years ago that we wouldn’t survive the market. Today, we’ve moved from outside the top five to number one in the industry,” he said.
He emphasised that the company remains focused on continuous improvement and innovation.
“We have not dropped our guard. We’re pressing ahead with the same principles and discipline that got us here. I don’t see this model collapsing any time soon,” he asserted.
The Chief Executive also reiterated plans to expand into bulk oil distribution to further strengthen Star Oil’s dominance across the petroleum value chain.