Category: Oil And Gas
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Petroleum workers’ union push for reinstatement of members
The General Transport, Petroleum and Chemical Workers’ Union (GTPCWU) has told Citi Business News it will continue negotiations with management for its members to be reinstated at the Atuabo Gas processing facility. Though the union has lauded the processes to reinstate two of the four workers whose contracts were terminated, it maintains the rights of…
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TEN fields accrues $36m within six weeks
Ghana has raked in about 36 million dollars from oil produced from the TEN oilfields, barely six weeks after the commencement of commercial production. This is the indication from the Minister of Petroleum, Emmanuel Armah Kofi Buah. According to him, the oilfield has so far produced 800,000 barrels of oil since inauguration on August 18…
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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…
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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…
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ACEP demands further review of sulphur content for diesel
The African Centre for Energy Policy (ACEP) wants the National Petroleum Authority (NPA) to further review downwards, its maximum sulphur content requirement for diesel products imported into the country. “The announcement that the standards have been reduced to 500 ppm is not satisfactory the reason being that importers can still import diesel with Ultra sulphur…
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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…
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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…
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Petrosol launches campaign to ensure accuracy at the pumps
As part of efforts aimed at providing the right quantity of fuel to its consumers, Oil Marketing Company, Petrosol has launched the ‘Full Quantity Campaign’ in Accra. The move is also intended to complement the work of the Ghana Standard Authority (GSA) and National Petroleum Authority (NPA) by creating awareness of the availability of the…
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COPEC to petition Pres. Mahama over dumping of dirty diesel in Ghana
The Chamber of Petroleum Consumers Ghana (COPECGH)will today petition President John Dramani Mahama to come out with new policies aimed at reducing sulphur content in imported diesel from 3,000 parts per million(ppm) to 10 ppm. A recent study conducted by Swiss NGO Eagle Eye , in collaboration with ACEP revealed that imported diesel from Europe…
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ECG to cut down on 30% power distribution losses
The Electricity Company of Ghana (ECG) has intensified moves to cut down on illegal connections and theft to improve its revenue generation. Currently, the ECG is estimated to lose over 30 percent of its revenue through systems and distribution losses. Speaking to journalists after the signing of a Memorandum of Understanding between Korean Electricity Company(KEPCO)…