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The Ghana Chamber of Bulk Oil Distributors (CBOD) has called on government to create an enabling environment that would ensure bulk distribution companies compete fairly in the gold for oil (G4O) programme. According to Chamber, the Bank of Ghana (BoG) underwriting the risks associated with commercial activities of the Bulk Oil Storage and Transportation company […]

The Ghana Chamber of Bulk Oil Distributors (CBOD) is not in any way opposed to the government’s gold-for-oil (G4O) programme, according to Chief Executive Officer, Dr Patrick Ofori. The Chamber is also not against the involvement of the Bulk Oil Storage and Transportation Company (BOST) in managing strategic petroleum stocks within the downstream petroleum sector,

The 2020/21 Ghana Petroleum Industry Report is an amalgamation of the 2020 and 2021 Industry reports. The Report extensively reviews Ghana’s upstream and downstream petroleum sectors spanning policy, finance, infrastructure, and market activities in 2020 and 2021 The Report also highlights key developments and risks faced by the industry and provides recommendations for consideration by

The Liquefied Petroleum Gas Marketers Association has renewed calls for the taxes on LPG to be scrapped. The taxes on LPG constitute about 13% percent of the pricing. Though the price of LPG has gone down by about 7%, the association believes the removal of taxes will reduce the cost of LPG drastically and increase

The Chief Executive of the National Petroleum Authority (NPA), Dr. Mustapha Abdul-Hamid, has been elected President of the African Refiners and Distributors Association (ARDA) in Cape Town, South Africa. The Executive Committee of the continental body approved the nomination last Sunday and the Annual General Meeting unanimously ratified the appointment on Thursday. This is the

The Chamber of Bulk Oil Distributors (CBOD) has denied reports that some Bulk Oil Distribution Companies (BDCs) have threatened not to renew their $300,000 licenses due to the implementation of the Gold for Oil policy. The CEO of CBOD, Patrick Ofori, stated in a recent interview that no BDC has expressed such intentions and that

Ghana’s oil production will grow slightly in the near term, with crude oil and other liquids production increasing from 142,440 barrels per day in 2022 to 145,390, Fitch Solutions has disclosed. This projection follows recent investments by Tullow Oil. Here is more. It said the investments to propel this moderate growth consists of a multi-year drilling

The Ghana National Gas Company (GNGC) on Friday signed a Project Implementation Agreement with its joint venture partners to construct a second Gas Processing Plant (GPP Train 2) at an estimated cost of US$700 million. The gas plant would be sited at Atuabo in the Ellembele District of the Western Region and is expected to

The Head of Africa for petroleum Giant PUMA Energy, Fadi Mitri has argued that to ensure the constant supply of petroleum products on the Ghanaian market, consumers must be made to pay the fair market prices. The Government of Ghana in the wake of liquidity challenges and the depleting foreign reserves of the country is

The deputy Energy Minister, Andrew Egyapa Mercer, has confirmed that the initial consignment of 40,000 tons of oil brought into the country under the Gold-for-oil policy was purchased with cash and not gold as widely claimed by the Vice President, Dr Mahamudu Bawumia. His disclosure comes after several calls by Industry experts such as the