Fuel smuggling won’t stop without sanctions – Oil Firms
Firms in the downstream petroleum sector remain livid about the activities of criminals who dump products meant for neighbouring countries back onto the Ghanaian market, saying the only way is for government to crack the whip . “Until somebody is arrested and processed and sent to prison this thing will never ever stop,” William Tewaih […]
Petroleum consumers dissatisfied with NPP’s 100 days’ work
The Chamber of Petroleum Consumers (COPEC) has expressed dissatisfaction at the achievements of the Nana Akufo Addo led government, grading it below average in its first 100 days in office. Citing key issues such as the high sulphur content in fuel, as well as the unsteady fuel prices, COPEC believes government has not done much […]
Senyo Hosi named outstanding Oil and Gas personality at OGGA 2016
The Chief Executive Officer (CEO) of the Chamber for Bulk Oil Distributors (CBOD), Senyo Hosi, has been named the Most Outstanding Oil and Gas Personality (downstream) at the Oil and Gas Ghana Industry awards (OGGA 2016). Senyo Hosi, who was appointed head of the Chamber in 2013, was presented with a citation by Jubert Communication, […]
Fuel price up by 4% not 11%- NPA
The National Petroleum Authority (NPA) has described an announcement by the Chamber of Petroleum Consumers (COPEC) of Ghana that fuel PRICES have gone up by 11 percent as false and misleading. In a statement it issued Monday, October 17, the COPEC said that price of diesel effective October 16, 2016 was reviewed upward between 8 […]
Petroleum Ministry develops new regulations on oil & gas sector
The Minister of Petroleum, Emmanuel Armah Kofi Buah has outlined that his outfit is advancing moves for Parliament to pass three new regulations to augment the new Petroleum Exploration and Production Act. Mr. Buah also explains that the three regulations are expected to strengthen operations in Ghana’s oil and gas sector and ensure value for […]
Refining 10ppm diesel to cost TOR $120m
The Chief Executive Officer of the Tema Oil Refinery, Kwame Awuah Darko has disclosed to Citi Business News it will cost Ghana about 120 million dollars to re-configure the country’s refinery mechanism to meet the 10 parts per million (ppm) sulphur content levels for diesel. The figure however runs contrary to the earlier statement by […]
European standard diesel of 10ppm to cost 1% increase in price
The Chief Executive Officer of the Chamber of Bulk Oil Distributors, Senyo Hosi has disclosed that revising the standards of imported diesel from 3,000 parts per million(ppm) to 10 ppm will result in a 1 percent increase in the cost of the commodity. A recent study conducted by Swiss NGO Eagle Eye , in collaboration […]
NPA reviews maximum sulphur content for imported diesel
The National Petroleum Authority (NPA) has revised the national sulphur specification for diesel from maximum 3000 parts per million (ppm) to 500 ppm, effective January 2017. The Authority however says it will allow suppliers of fuel to Ghana to import diesel at 10ppm or lower. According to the NPA, whilst the revised national specification will […]
CBOD reaction to ‘dirty fuel’ saga
PRESS RELEASE We have followed with keen interest, discussions over the recent publication on the sulphur content in diesel or gasoil by Public Eye, a Swiss based organisation. We do appreciate the research and advocacy work undertaken by Public Eye in heightening public interest in such a very important matter. While we do have […]
NPA eases rules on dirty diesel to save TOR
The National Petroleum Authority (NPA) has admitted it was forced to review the national sulphur specification for diesel from the maximum 3000 parts per million (ppm) to between 10 and 500 ppm to avert a shutdown of the Tema Oil Refinery (TOR). Chief executive of NPA Moses Asaga told Citi Business News ‘the 500ppm was […]
