The Youngest Oil Baron Striving Hard amidst Industry Challenges

In a highly volatile industry that poses a lot of risks and challenges stands Yahya Diab, a young Oil, and Gas entrepreneur and the CEO of Veros Petroleum a Ghanaian Petroleum company that operates in the downstream sector of the industry.

In an online interview when asked about how he is coping with the latest challenges that the industry poses to its service providers he said :

Every industry has its dynamics. We all encounter challenges. Sometimes the main issue is not the challenge itself but the mindset that we use when solving these issues. Lately, the Oil Market is mostly affected around the globe due to the ongoing war between Russia and Ukraine which has caused the Oil production and supply channels to change their course direction. As an entrepreneur, it gives me a clear indication that there is more global demand for Petroleum products but less supply due to the interruptions caused in the oil chain which is one of the major causes of price hikes. There are a lot of factors that cause a lot of changes in the prices of Oil but the Major once usually are

Demand and Supply, Forex / Exchange rates, Geopolitics and Policy Changes.

These are the main factors that determine whether the end consumer will pay more or less at the Fuel Station. As a company, we try as much as we can to help support both our business and patronizers amidst the challenges we face daily. Some of our implemented strategies have a lot to do with stock hedging and forex rates which we work hard on making sure we devote as much of our investment to securing the best rates and quantities we can for a certain period to help in easing the situation as much as we can he said.

Yahya Diab is the CEO of Veros Petroleum a Petroleum company in Ghana with various investments in the downstream sector. He holds a degree in Business Management and is also a Pilot. He is also known for the generous philanthropic donations and support he offers to various institutions.