News

The Chamber of Bulk Oil Distributors is reviewing the current  National Petroleum Authority (NPA) ACT, 2005(ACT 691). This is in lieu of the overall amendment by the regulator, National Petroleum Authority. The NPA seeks to amend and /or repeal certain sections of the NPA ACT,2005 (ACT 691) because of key developments that have emerged in

The Chamber of Bulk Oil Distributors has formally invited into its membership petroleum processing, trading and related service companies, and allied oil industry organizations in the downstream sector. This is in accordance with Article 17 of the CBOD Constitution. The Chamber offers four categories of members depending on their business object as stated below. •

The Chamber of Bulk Oil Distributors has amended the billing system of the secretariat. This is a shift from the current throughput-based regime. Per the new regime, Bulk Import, Distribution and Export Companies (BIDECs) are required to pay an annual fee of USD30,000 which is now included in the annual licence renewal fee which has

The Chamber of Bulk Oil Distributors (CBOD), the National Petroleum Authority (NPA), Bulk Oil Storage & Transportation Company (BOST) and Ghana Gas have sponsored the construction of a two-unit kindergarten school block in New Adjena. The school block project including an auxiliary unit was commissioned by the Volta River Authority Resettlement Trust Fund on Thursday,

The BOST Product Losses Internal Committee has been meeting with Bulk Distribution Companies over their findings from an inquiry into BDCs’ claims for the loss of BDC stock under the custody of BOST between 2013 and 2015. The Committee engaged OilChannel and Hask Oil Limited in its first week of sitting. Whilst OilChannel claims were

The Chamber of Bulk Oil Distributors has donated to the trust fund that was set up for the wife and children of the late former Managing Director of Bulk Oil Storage and Transportation (BOST) Company Limited, George Mensah Okley. Mr. Mensah Okley, 47 years, who passed away in June this year after a short illness

The president of the Ghana Association of Bankers Daniel Ato Kwamina Mensah has been laid to rest following his passing. The burial ceremony occurred on Saturday, August 21, 2020, at the Forecourt of the State House, Accra. Mr. Mensah, 66 years, served as the president of GAB from 1997 until his passing on July 17,

With the double negatives of a demand-culling pandemic and wildly declining sentiment trouncing the oil and gas and pushing companies to record lows, with $30 billion in collective debt , trying to pick a winner in this sector is growing more challenging by the day. On the demand front, the IEA has just cut its

A crude oil inventory draw of 1.6 million barrels sent oil prices higher today, with the Energy Information Administration also reporting a fall in gasoline inventories and a modest build in distillate fuel inventories. This compared with a draw of 4.5 million barrels for the previous week, the third weekly draw—and hefty—in a row. A day earlier, the American

Banque de Commerce et de Placements SA, DIFC Branch, has sued China Aviation Oil (Singapore) Corp Ltd over an alleged fraudulent deal as the Swiss bank seeks to reclaim the $19 million it paid to CAO for a cargo, a court document showed. In a writ of summons filed to the Singapore High Court, BCP