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The Chamber of Bulk Oil Distributors (CBOD) has commended government for the payment of legacy debts to the Bulk Distribution Companies (BDCs). In a statement in its industry report launched yesterday, there was progress made on government’s legacy debt to BDCs, with the payment of all outstanding principal sums (US$427.11mn) and validation of the interest

The Chief Executive Officer of the Chamber of Bulk Oil Distribution Companies (CBOD), Mr Senyo Hosi, has blamed the largely poor state of state-owned enterprises (SoEs) on the extension of partisanship into the management of the firms, and that the situation will worsen if politics is not separated from state businesses. He has, therefore, called

Indigenous oil firm Springfield will begin historic oil drilling in its Deep Water West Cape Three Points Block in the West Region from Monday. The company is going ahead after drillship Stena Forth berth on the country’s waters last Friday.  Spring Field could be making another history if it’s finalised this drilling and commence commercial

Chief Executive of the Chamber of Bulk Oil Distributors (CBOD) in the Republic of Ghana, Senyo Hosi, has said an influential cartel of industry players is stealing Ghana’s petroleum revenue. The comments by Mr Hosi come on the back of revelations in CBOD’s annual report on the movement of petroleum products that, some one billion

Ghana’s National Fire Service in Tema Region have begun investigations into the circumstances that caused the fire outbreak at the Goodness Energy tanker yard in Kpone on Wednesday, October 2, 2019, resulting in the burning of 12 tankers. Deputy Regional Commander, Mr Timothy Osafo Affum told energynewsafrica.com they have been in talks with the owner

Government’s inability to track the sales and movement of petrol-based products on the local market has created the space for an illegal trading of the commodity, costing the economy over GH¢2.79billion between 2015 and 2018, according to a report released by the Chamber of Bulk Oil Distributors (CBOD). The illegality recorded an unreported tax receipt

At least 15 gas tankers have been burnt to ashes at Kpone tanker farm in the Greater Accra region. The tankers reportedly belong to the oil marketing company, Goodness Energy. The fire broke out at about 8pm Wednesday. The Ghana National Fire Service has said it is investigating the cause of the inferno. At least

Chamber of Petroleum Consumers (COPEC) is blaming Wednesday night’s fire explosions at a Kpone tanker yard on illegal activities being carried out by persons adulterating fuel. The Chamber said the development must be a trigger for stringent measures to be adopted to prevent fuel diversion and adulteration. In a statement signed by Duncan Amoah, the

The Chief Executive Officer (CEO) of the National Petroleum Authority, Hassan Tampuli, has said his outfit is doing its best to address the issues of tax evasion in the petroleum downstream sector. The said his outfit has been ensuring strict punishment for persons found guilty when found out. “As for the punishment in the industry,

MOHAMMAD Sanusi Barkindo, Secretary General of OPEC, and his GECF counterpart, Yury Sentyurin, signed the MoU in Moscow on the sidelines of Russian Energy Week. The purpose of the MoU is to establish and strengthen cooperation in order to carry out activities and share experiences, views, information and best practices in areas of mutual interest.