Category: Oil And Gas
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Banks blamed for nationwide diesel shortage
The National Petroleum Authority (NPA) has attributed the current shortage of diesel across the country to a hold on stocks by banks providing lines of credit to Bulk Oil Distribution Companies (BDCs). The hold on the products stems from government’s indebtedness of a disputed amount of 1.35billion cedis to the BDCs. Public Relations Officer of…
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Commissioning of Atuabo Gas Plant under threat
Residents of Atuabo and neigbouring communities are threatening to resist the final commissioning of the Atuabo Gas Processing Plant over compensation packages and other health related issues. Residents in Atuabo, Anokyi and Asemda in the Ellembele district, where the gas facility is stationed, are upset that their concerns about the facility have not been addressed.…
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Ghana Gas did not breach its contract with us -Tullow
Lead operator of the Jubilee field, Tullow oil, has dismissed reports that the Ghana Gas Company ditched the jubilee partners in the building of a bypass for the Atuabo gas plant. There are reports that the Ghana Gas Company went contrary to an earlier agreement, where the jubilee partners were to create a bypass from…
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We can process jubilee crude –TOR workers
The junior staff union of Tema Oil Refinery (TOR) has dismissed suggestions that the refinery cannot process oil from Ghana’s jubilee field in its current state. According to some petroleum consultants, TOR will need an estimated 200 million dollars for retooling before it can refine the jubilee” high grade” crude. Workers of the refinery recently…
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Refine crude at TOR if … – ACEP
The Africa Centre for Energy Policy (ACEP) says Ghana’s crude oil should only be refined at the Tema Oil Refinery (TOR) if it will be cheaper. The state owned oil refinery has over the years been saddled with debts and operational inefficiencies leading to low production capacity. Recently, workers of the refinery embarked on a…
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Ghana loses 400 megawatts of power annually – Minister
Ghana loses 400 megawatts of power annually due to illegal power connection and improper cable installations, Eric Opoku, Brong-Ahafo Regional Minister has said. Mr Opoku said about 73 percent of electricity generated nationally are supplied to individual households, stressing that, the country could conserve more power if individuals used electricity judiciously. The Regional Minister disclosed…
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Audit of GH¢1.8bn oil claims stalls
An audit of GH¢1.8 billion claims submitted by the Bulk Oil Distribution Companies (BDCs) has stalled because the local banks that finance the BDCs are not co-operating. Ernst and Young, an audit firm, was contracted by the Ministry of Finance in the second week of June 2014 to audit the claims of the BDCs before…
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Fuel shortage to hit Total petroleum pumps
An imminent shortage of fuel is expected to hit pump stations belonging to Total Petroleum company as their tanker drivers continue an indefinite strike. The drivers are protesting the use of an electronic seal, a devise used to seal cargo after they have been loaded. Secretary of the Tanker Drivers Union, William Adarkwa told Citi…