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More Oil Marketing Companies (OMCs) which had retail outlets which were cited as shortchanging consumers are to replenish the quantities to their respective customers within the coming days. That is the assurance from the Chamber of Petroleum Consumers, COPEC. The move follows series of negotiations and the need to give value for money despite complying […]

Vice President Dr Mahamudu Bawumia on Wednesday said significant progress has been made towards the pilot implementation of the Cylinder Recirculation Model under the National Liquefied Petroleum Gas (LPG) Promotion Policy. He said the Policy sought to ensure that LPG consumers have access to safe, efficient, affordable and environmentally-friendly LPG for commercial, industrial and domestic

The distribution of premix fuel to fishermen across the country is to be digitised by the end of August this year, Vice President Dr Mahamudu Bawumia, has disclosed. He said the move was to improve efficiency in the distribution of the fuel, do away with middlemen who mostly divert the product from reaching intended beneficiaries,

Nigeria and other sub-Saharan African countries would soon heave a sigh of relief from the importation of petroleum products, with the imminent completion of the 650,000 barrels-per-day (bpd) Dangote Refinery at Ibeju-Lekki area of Lagos. Group Executive Director, Strategy, Capital Projects & Portfolio Development, Devakumar Edwin, made this statement on Wednesday, July 10, 2019, during

Vice President, Dr. Mahamudu Bawumia has announced plans by government to commence the first phase of a new pipeline infrastructure project that will ease the movement of petroleum products across the sub-region.  For this to be accomplished, the Vice President said government is working on a petroleum transportation infrastructure master plan that will enhance the

Ghana loses 200 million dollars of tax revenue to smuggling of petroleum products and other nefarious activities in the petroleum sector every year. Chief Executive of the National Petroleum Authority Alhassan Tampuli who described these nefarious activities as “lucrative”, mentioned Takoradi port, Tema main Port, Prampram, Aflao and the eastern coastline as the unapproved offshore

  The petroleum downstream sector saw a 15% surge in consumptions of petroleum products during 2018 under review, the National Petroleum Authority (NPA) has revealed. The growth, according to the NPA, was as a result success chalked at curbing illicit fuel activities, supported by technology-based schemes and policy initiatives. The Chief Executive Officer of NPA,

An international conference to review developments in the petroleum downstream sector in the West African sub-region on Wednesday opened in Ghana’s capital Accra. The conference being organized by the National Petroleum Authority (NPA) in collaboration with the Chamber of Bulk Oil Distribution Companies and the Association of Oil Marketing Companies has brought together participants from

The total issuance under the GH₵10 Billion Energy Support Levy Act (ESLA) PLC Bond Programme has hit GH₵6.665 billion. This follows the successful issuance of another bond last week in which GHc1.0 billion was accepted. The bonds which were oversubscribed to the tune of GH₵1.147 billion is expected to mature on June 15, 2029. The