News

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

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

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

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

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

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

The U.S-led coalition fighting Islamic State has killed the leader of the militants responsible for its oil and gas smuggling operations, Combined Joint Task Force Operation Inherent Resolve officials said on Tuesday. Abu Khattab al-Iraqi, the leader of ISIS’s oil network who managed revenue generation through the illicit sale of oil and gas, was killed

IRVING, Texas – ExxonMobil and its partners have achieved an eighth deepwater oil discovery in the Stabroek block offshore Guyana. The Longtail-1 exploration well, spudded by the drillship Stena Carron late last month in 6,365 ft (1,940 m) of water in the southeastern part of the block, penetrated around 256 ft (78 m) of good-quality,