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Oil & Gas
TOR owes us GH¢4.6m – NPA CEO
Dr Mustapha Abdul-Hamid, the Chief Executive Officer (CEO) of the National Petroleum Authority (NPA), has informed the Public Accounts Committee (PAC) of Parliament that the Tema Oil Refinery (TOR) owes the Authority GH¢4.6 million.…
GNPC Foundation undertakes 341 activities from 2017 to 2020 – Deputy Minister
The Ghana National Petroleum Corporation (GNPC) Foundation undertook 341 infrastructure projects between 2017 and 2020.
It also awarded scholarships totalling GH¢214.3 million during the same period.
Mr William Owuraku Aidoo, a…
Ghana government asked to use part of oil revenue to finance free primary healthcare
Mr Mark Agyemang, a Project Consultant, has suggested to government to use portion of the crude oil and mining revenues to finance free primary healthcare for the poor and vulnerable in the society.
“Just as the government is financing…
TOR to negotiate lease agreement for crude oil refining
The Tema Oil Refinery (TOR) has been given the go-ahead by the Government through the Minister of Energy to refine crude oil with a private investor, Decimal Capital Limited.
Announcing this in a statement copied to the Ghana News Agency…
Some oil companies going to black market due to $350m forex shortfall – Hosi
Some Bulk Oil Distributing Companies (BDCs) are going to the unregulated forex market (black market) to shore up dollar requirement to import oil into the country.
This is because the Bank of Ghana and the commercial banks are unable…
No need to panic over fuel shortage – Senyo Hosi
There is no need to panic about fuel shortage in the country, Mr Senyo Hosi, the Chief Executive Officer of the Ghana Chamber of Bulk Oil Distributors, has said.
He said the country had one month fuel cover and urged the public not…
GOIL devotes GH¢14.5m to corporate social responsibility projects
GOIL Company Limited, an indigenous Oil Marketing Company (OMC), spent GH¢14.5 million in 2021 on delivering its social responsibility programmes with a focus on education, health, and financial inclusion.
In 2020, it spent GH¢9.27…
NPA cautions public against buying diesel and petrol from table-top outlets
The National Petroleum Authority (NPA) has advised the public against patronizing fuel being sold on tabletop outlets in the country.
According to Mr Kwadwo Appiah, the Bono Regional Manager of the NPA, the quality of petrol and diesel…
Fuel prices to shoot up by 15% for the rest of June – IES
There will be a “sharp rise” in prices of petrol and diesel for the rest of June 2022, the Institute for Energy Security (IES) has projected.
The IES said petrol price will increase by about 10 per cent to sell above GH¢11 per litre and…
Supreme Court dismisses ENI, Vitol application to quash 30% payment order
The Supreme Court has dismissed an application filed by Operator of Ghana’s Sankofa oil field, ENI Ghana Limited and its partner Vitol Upstream Ghana Limited to quash the payment of 30 per cent of revenue from the sale of crude oil as…