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There is very little chance of petroleum legacy debts – a phenomenon which almost crippled the downstream sector – occurring again, as robust structures are now in place, Chief Executive Officer of the Chamber of Bulk Oil Distributors (CBOD), Senyo Hosi, has said. Government, between 2011 and 2015, owed Bulk Oil Distribution Companies to the

Pressure is mounting on the oil marketing companies (OMCs) in the country to reduce ex-pump prices of petroleum products to reflect the positive changes in the variables that determine the prices. The changes include the continuous fall in the price of crude oil on the international market and the stability of the local currency against

The Chamber of Petroleum Consumers Ghana (COPEC), says it will not rule out the possibility of going to court to compel Oil Marketing Companies (OMCs) in the country to reduce fuel prices. The threat comes after a conflict over crude oil prices between Saudi Arabia and Russia pushed the global price of crude oil down

The Ghana Upstream Petroleum Chamber has announced the appointment of a new CEO. The announcement on March 9 2020, named veteran journalist David Ampofo as new CEO. The chamber represents the shared interests of companies involved in oil and gas exploration and production as well as oil field services in the country. The Chamber is

Oil prices saw its lowest drop since 1991 on Monday, March 9 after Saudi Arabia started a price war with Russia by slashing its selling prices and pledging to unleash its pent-up supply onto a market reeling from falling demand because of the coronavirus outbreak. Prior to this huge slash, crude prices had been relatively stable.

The Chamber of Petroleum Consumers (COPEC) is asking Oil Marketing Companies (OMCs) in the country to reduce their ex-pump prices for consumers to reflect the sustained decline in the global crude oil prices. According to COPEC, consumers could be benefitting from a reduction of between 10%-32% compared to the 2% that consumers have been given over

Ghana is receiving endorsement for her consistency in energy policy implementation under successive governments at the ongoing 3-day Africa Energy Conference in Capetown, South Africa. Speaking to Starrfm.com.gh at the sidelines of the Africa Indaba Energy Conference, the former United Nations Under-Secretary-General and the Special Representative of the Secretary-General for Sustainable Energy for All, Alhaji

The Chamber of Bulk Oil Distributors (CBOD) has begun a partnership with Mali’s National Office for Petroleum Products (ONAP) to work towards improving the petroleum products trade between Ghana and Mali. This follows a courtesy call paid on CBOD by ONAP on Wednesday, March 4, 2020 in Accra. Leading the Malian delegation, the Deputy Director-General

Accra, March 02, 2020 – A delegation from the Malian National Office in charge of regulating petroleum products is scheduled to pay a courtesy call on the Chamber of Bulk Oil Distributors (CBOD) to discuss matters relating to the supply and re-export of petroleum products from Ghana to Mali. The meeting is slated for Wednesday,

The West African Gas Pipeline Company Limited (WAPCo) has announced that it has successfully completed the cleaning and inspection of its 20’’ offshore pipeline from Badagry in Nigeria to Takoradi in Ghana. The Internal inspection of the 569 km offshore pipeline was completed on Sunday, February 23, 2020, almost one month ahead of the scheduled