U.S. Energy Secretary Rick Perry believes that Saudi Arabia and Russia will be able to boost their oil production to stabilize the oil market and compensate for losses of Iranian oil supply. “I am comfortable that Saudi Arabia is going to be able to increase their production to… 11 million barrels per day going forward, […]
U.S. Hopes Saudi Arabia, Russia Can Offset Loss Of Iran Oil Supply Read More »
The National Petroleum Authority (NPA) will from next month, July 2018, begin issuing licences to companies which seek to set up bottling plants for the Cylinder Recirculation Model (CRM). According to the Chief Executive Officer (CEO) of the NPA, Mr Alhassan Tampuli, 18 companies have so far put in applications to participate in the CRM.
NPA to issue licences to gas bottling plants in July Read More »
It was only a week ago that OPEC and Non-OPEC agreed to add 1 million barrels per day (mb/d) to the market, but it already feels like a distant memory with the oil bulls back on the march. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to
Oil Rallies Towards $80 Read More »
The Minority in Parliament has blamed the Energy Minister Boakye Agyarko, for the anticipated temporary shutdown of Tema Oil Refinery (TOR), due to the firm’s inability to raise letters of credit to purchase crude. According to the Minority Spokesperson on Mines and Energy, Adams Mutawakilu, a recent comment by the Energy Minister suggesting that TOR
Agyarko to blame for TOR’s anticipated shutdown – Minority Read More »
The National Petroleum Authority, NPA has engaged members of the Council of State on the LPG Cylinder Recirculation Model at the council chambers in Accra. The NPA team led by its Chief Executive, Alhassan Tampuli briefed members of the council on the newly introduced model of LPG consumption and also canvas their support for its
NPA engages Council of State on Cylinder re-circulation Read More »
The extractives sector plays a crucial role in revenue generation for countries, especially where tax collection is effective. Countries that have lax tax collection systems and regimes that tolerate opaque ownership structures facilitate the syphoning of public money, conflicts of interest and tax evasion. The Africa Centre for Energy Policy (ACEP) has developed manuals for
The Tema Oil Refinery (TOR), has shut down again following a shortage of crude oil at the facility. The refinery, which has the capacity to refine about 45,000 barrels of crude oil a day, has been operating below capacity for some time now. Confirming the shutdown to Citi News, the Executive Director of the Institute of
TOR shuts down again over crude oil shortage Read More »
The return of the U.S. sanctions on Iran will not impact an agreement between Iran and Iraq to swap crude oil, Iraq’s Oil Minister Jabbar al-Luiebi said on Friday. Iraq and Iran agreed last year to begin an oil swap deal this year, under which Iraq will send oil from its northern Kirkuk fields to
U.S. Sanctions Won’t Affect Iraq-Iran Crude Oil Swap Deal Read More »
An Accra circuit court has convicted three persons for diverting premix fuel meant for fishermen at Chorkor in Accra. Benjamin Nii Quaye, Paul Dogba and Emmanuel Kubi, all pleaded guilty to conspiracy and discharging petroleum into a container (drums) instead of motorbike tanks. However, the court presided over by Mr Emmanuel Essandoh deferred the sentence
Three convicted for diverting premix fuel Read More »
A relatively unknown group in the Niger Delta is threatening to stop production at oil facilities of the Nigerian Agip Oil Company (NAOC) in the area, saying that a so-called ‘Operation Zero Barrels’ would begin at “any time from 00hrs on Wednesday, June 20.” The group, Niger Delta Activists Forum (NDAF), says that it represents
Niger Delta Militants Threaten Nigerian Oil Facilities Read More »
