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Chairman of the Board of Governors of Association of Oil Marketing Companies (AOMCs), Mr Henry Akwaboah, says the association is ensuring the safety of workers and customers at the pumps and other workplaces. He said safety will always be a fundamental business practice that the association takes seriously. Mr Akwaboah was speaking at the launch […]

The Association of Oil Marketing Companies has launched its fifth annual safety week to educate and remind industry players to keep to their safety measures to make it congenial for their customers. It was also the springboard for them to review their performance in the past two years in the face of the coronavirus pandemic.

The Association of Oil Marketing Company (AOMC) has disclosed that Oil Marketing Companies (OMCs) cannot fix fuel prices higher than the scheduled price build up from the regulator, the National Petroleum Authority (NPA) under the deregulation policy. Mr Kwaku Agyemang-Duah, Executive Director of the AOMC said there was a scheduled price build-up from the NPA,

The Minority in Parliament says lack of confidence in the Nana Akufo-Addo-led government is the reason why ExxonMobil has withdrawn its interest in Ghana’s Deep Water Cape Three Point. ExxonMobil said it is unwilling to enter an extension of the contract originally signed in 2018. It stated its decision in a letter to Ghana’s Energy

The Institute for Energy Security (IES) has projected an increase in fuel prices by Oil Marketing Companies at the pump in the month of June. This, according to the IES, is a result of an increase in international market variables as well as the depreciation of the Cedi. The increase will be implemented “especially by

Ibistek Limited, an engineering consultancy firm, has introduced the newly built Takoradi Oil Jetty to members of the Ghana Chamber of Bulk Oil Distributors. The automated jetty was constructed following a concessional agreement between the Ghana Ports and Harbours Authority and Ibistek Limited. The project is part of an expansion programme led by Ibistek Limited.

The Association of Oil Marketing Companies (AOMC), has marked six years of the deregulation policy of petroleum product pricing in the country, which started fully on June 15, 2015. Mr Kwaku Agyemang-Duah, AOMC Executive Director explained that the issue of the pricing of petroleum products had dominated public discourse and policy contestations for years as

Gas production experienced a significant rise in 2020 with a total production of 237,962.82 MMSCF of Associated Gas (AG) and Non-Associated Gas (NAG), the 2020 Public Interest and Accountability Committee (PIAC) Annual Report has said. The increase in production was about 40 per cent over the 2019 volume of 169,508.61 MMSCF of raw gas produced

As part of the preparation of spatial plans for the siting of the Ghana National Petroleum-Hub project in the Jomoro Municipality, the Land Use and Spatial Planning Authority(LUSPA), the Ministry of Energy and the Jomoro Municipal Assembly, have completed phase one of the project. The first phase land-use plan covers two main towns, Old Kabenla

The prices of fuel at the various pumps in Ghana are set to witness a marginal increase, the Chamber of Petroleum Consumers Ghana (COPEC-Ghana) has disclosed. This comes barely a month after fuel prices increased by over 12% due to the introduction of some taxes, increases in margins by the National Petroleum Authority (NPA), and