Chairman of the Senior Staff Union of the Bulk Oil Storage and Transportation Ltd (BOST), Abdul Jalil A. Rahman has discredit one Mr. Albert Nii Mantey who has been holding himself up as chairman of the union. Abdul Rahman has therefore cautioned the general public, especially the media, not to engage Mr. Nii Mantey to … Read more
The downstream Oil Marketing sector picks up gradually in second quarter of the year after marginal turbulence in the first quarter, Mr. Gyemfi Amanquah, Chief Operating Officer of GOENERGY Company Limited stated on Monday. Mr Amanquah told the Ghana News Agency in an interview that trading in the second quarter had started with marginal hinge … Read more
The Chief Executive Officer (CEO) of the National Petroleum Authority (NPA), Alhassan S. Tampuli, has advised owners of fuel stations and drivers to desist from using adulterated petroleum products to avoid accidents. In an interview with Ekourba Gyasi on Atinka AM Drive Monday, Mr. Tampuli stated people who sell these petroleum products on table tops … Read more
The National Petroleum Authority (NPA) has confiscated 10,000 litres of diesel in its recent crackdown on sellers of poor quality fuel in the Western Region. The exercise focused on tabletop vendors of petrol and diesel in Takoradi Metropolis, Shama and Ahanta West Districts where fuel was being sold in jerrycans, barrels and gallons. According to … Read more
The Western and Central Regional zonal offices of the National Petroleum Authority (NPA) has confiscated over 10,000 litters of smuggled fuel in some unauthorized outlets in the Shama, Sekondi-Takoradi and the Ahanta West Districts in the western region. The product, apart from being traded illegally was also of a poor quality after field test. The … Read more
The Western and Central Regional zonal offices of the National Petroleum Authority (NPA) has confiscated over 10,000 litters of smuggled fuel in some unauthorized outlets in the Shama, Sekondi-Takoradi and the Ahanta West Districts in the western region. The product, apart from being traded illegally was also of a poor quality after field test. The … Read more
Chamber of Petroleum Consumers Ghana (COPEC-GH) has adjudged Goil, a Ghanaian owned oil company with the largest Market share, as the overall best oil marketing company (OMC) for 2016. This award is most likely in place to commend the oil marketing company for maintaining prices of its petroleum product last year and early this year … Read more
THE National Petroleum Authority (NPA) says GH¢43million in petroleum profits were stolen by cabals due to the absence of an effective tracking system. This represents 12.3% of annual freight payments. Petroleum Service Providers (PSP) exploited the lack of capacity of the Unified Petroleum Price Fund (UPPF) Secretariat to independently confirm the delivery of petroleum products … Read more
Revelations that the state lost some $490 million last year to the activities of a petroleum cartel has gotten the nation talking and two key industry stakeholders have called for government action. The Chamber of Bulk Oil Distributors (CBOD) and Chamber of Chamber of Petroleum Consumers (COPEC) say the implications to the industry if the … Read more
Revelations that the state lost some $490 million last year to the activities of a petroleum cartel has gotten the nation talking and two key industry stakeholders have called for government action. The Chamber of Bulk Oil Distributors (CBOD) and Chamber of Chamber of Petroleum Consumers (COPEC) say the implications to the industry if the … Read more
African Center Energy Policy (ACEP) has dismissed claims that the country will soon be experiencing acute fuel shortage following the shutdown of the Tema Oil Refinery (TOR). In exclusive interview with GhanaWeb, Head of Policy Unit and Energy Policy Advisor at ACEP, Dr. Ishmael Ackah, disclosed that TOR does not have significant grip over the … Read more
Information gathered by Citi Business News indicates that a former Chief Executive Officer of the National Petroleum Authority (NPA) Mr. John Attafuah will reassume the position after the swearing in of president-elect Nana Akufo-Addo. On April 17, 2009, Mr. Attafuah was directed by the then Professor Mills government to proceed on his accumulated leave for … Read more
Information gathered by Citi Business News indicates that a former Chief Executive Officer of the National Petroleum Authority (NPA) Mr. John Attafuah will reassume the position after the swearing in of president-elect Nana Akufo-Addo. On April 17, 2009, Mr. Attafuah was directed by the then Professor Mills government to proceed on his accumulated leave for … Read more
The global fall in prices of crude has slowed down operations of businesses in the oil and gas sector in Sekondi-Takoradi Metropolis. The economic situation in the Western Regional capital improved largely due to the discovery of oil and gas in 2007 as businesses and multinationals flocked to the city. But the sharp downturn in … Read more
The global fall in prices of crude has slowed down operations of businesses in the oil and gas sector in Sekondi-Takoradi Metropolis. The economic situation in the Western Regional capital improved largely due to the discovery of oil and gas in 2007 as businesses and multinationals flocked to the city. But the sharp downturn in … Read more
U. S. opens door to oil exports after year of pressure A domestic drilling boom of the past six years has transformed the U.S into an energy powerhouse. The Obama administration on Tuesday bowed to months of growing pressure over a 40-year-old ban on exports of most domestic crude, taking two steps expected to unleash … Read more
The Tema Oil Refinery does not have the capacity to refine 10 parts per million (ppm) sulphur content levels for diesel. That’s according to the Bulk Oil Distributors. On Tuesday, CEO of TOR, Awuah Darko announced that in line with a directive from the NPA to import only 10ppm European standard fuel, it was going … Read more
After being in power for an unprecedentedly period of nearly 20years, the P[NDC] bequeathed to the good people of this country a shameful legacy of HIPC, in the year 2000, when they were booted out of power. Interst rate was in the region of 50%, with every sector of the economy in total ruins. The … Read more
The unauthorized trade of wayside fuel dealers in the Ashanti Regional capital, Kumasi, is posing a threat to life and property. Under the National Petroleum authority Act, Act 691 of 2005, it is illegal to sell petroleum products without a license, but wayside fuel dealers in the Region are enjoying a high patronage from both … Read more