Category: Oil And Gas
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GOIL keeps fuel prices unchanged
Ghana Oil Company Limited,( GOIL) has kept the ex-pump prices of its Super and Diesel unchanged despite industry trends suggesting an upward adjustment. Consequently GOIL fuel prices at the pumps at all its service stations remain the same. The company explained that although international indicators point to an increase, the decision to maintain prices is…
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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 the price of diesel effective October 16, 2016 was reviewed upward between…
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WAPCo hints of tariff review with Ghana
The West African Gas Pipeline Company (WAPCo) has agreed to a possible tariff review in the future with the government of Ghana to enable reliable gas supply. The Minister of Petroleum, Emmanuel Armah-Kofi Buah recently criticized WAPCo for its unrelenting stands on charging Ghana high tariff before it supplies gas for power generation. Mr. Buah…
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Dangote Fertilizer to push crop production up
Ghanaian farmers will soon benefit from the import of cheap fertilizer from the Dangote Group of companies in Nigeria, as the firm constructs the biggest fertilizer plant in the world located in Lagos State. The two-line Dangote Fertilizer Complex, consisting of Amonia and Urea plants, will have a total production capacity of three million tons…
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Automobile firms threaten import cuts over sulphur saga
Automobile dealers have threatened they will halt the importation of new cars into the country should government refuse to reduce further the sulphur content contained in imported diesel. According to them, a further reduction in sulphur content will protect their brands and consumers from further damage of their engines. Their assertions follows recent concerns over…
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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…
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Govt deepens moves to construct pipeline from Takoradi to Tema
Government has disclosed that it is working hard to construct a dedicated pipeline from Takoradi to Tema to supply gas to the power enclave in the area. The project will be linked with gas production from the Sankofa Gye Nyame field which is estimated to hold 204 million barrels of oil, and 1.1 trillion standard…
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The debtor must live to pay his debt- Petroleum Minister tells WAPCo
The Minister of Petroleum, Emmanuel Armah-Kofi Buah has lashed out at the West African Gas Pipeline Company (WAPCo) for disconnecting gas supply to Ghana over the country’s debt to the company. According to him, the company’s decision is not economically viable since the Volta River Authority (VRA) will need the gas to operate before it…
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We’ll take drastic action against Ghana- WAPCo warns
The West African Gas Pipeline Company (WAPCo) has warned that it will take drastic action against the government of Ghana if it fails to pay debt owed the company by close of year 2016. According to the company, government’s outstanding balance of 162 million dollars of which 98 million dollars is owed to WAPCo, and…
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100m space among fuel stations enforced
The Association of Oil Marketing Companies (AOMC) has announced that it will enforce regulations on the construction of fuel stations to sanitize the industry. According to the association, the move is aimed at enhancing safety standards in the construction of filling stations in the country. There have been concerns in recent times on the proliferation…