Category: Oil And Gas
-
COPEC to launch scheme to insure fuel customers
The Chamber of Petroleum Consumers (COPEC) is set to launch a policy that will protect the interest of fuel consumers who have to deal with the consequences of the negligence of fuel station attendants and the sale of adulterated fuel products by some Oil marketing companies. The scheme in partnership with the Ghana Standards Authority…
-
CBOD launches 2019 petroleum industry report; demands action on illegal fuel trade
The Ghana Chamber of Bulk Oil Distributors (CBOD) has launched in 2019 Petroleum Industry report with a call on government to take steps to quickly end the illegal trade in petroleum products in the downstream sector. Addressing a virtual gathering on Zoom to launch the report, the Chairperson of the Board of the Chamber, Ivy…
-
Fuel price hikes: COPEC demands review of price stabilisation levy
The Chamber of Petroleum consumers (COPEC) is calling for a review of the Price Stabilisation Levy to minimise the impact of the surge in fuel prices on consumers. Oil prices have seen a significant increase over the last few weeks with some oil marketing companies currently selling a litre of petrol for GHS5.35. According to…
-
We did not provide guarantees to IPPs – World Bank clarifies
Following recent media reports, the World Bank wishes to clarify that it has not provided any financing or guarantees to the Independent Power Producers (IPPs) that signed Power Purchase Agreements with the Government of Ghana or the Electricity Company of Ghana during the (Dumsor) energy crisis in 2014-2016. A statement issued by the World Bank…
-
Gas sub-sector becoming a fiscal burden to the country – IES study
The Institute for Energy Security’s (IES’) study of the petroleum industry reveals that the natural gas sub-sector is rapidly becoming a fiscal burden to the country due poor energy strategies, and delays in building the necessary and relevant infrastructure to off-take the processed domestic gas. Government’s poor handling of the gas sub-sector is greatly contributing…
-
![WAPCo’s role as a reliable partner in cleaner energy supply enhanced [ARTICLE]](https://citibusinessnews.com/wp-content/uploads/2021/02/gas.jpeg)
WAPCo’s role as a reliable partner in cleaner energy supply enhanced [ARTICLE]
The West African Gas Pipeline Company Limited (WAPCo), owner and operator of the West African Gas Pipeline (WAGP), is pleased to highlight three major achievements attained in 2020 that has resulted in improved reliability of the gas supply through the pipeline and brought great benefits to customers especially in Ghana. These events have placed WAPCo…
-
Make appointments to petroleum-sector boards now – COPEC to government
The Chamber of Petroleum Consumers, COPEC, is calling for appointments to the boards of petroleum and oil-related sectors to be hastened up. According to the Chamber, the role of these institutions in the management of the sector cannot be underestimated hence the advice. The various boards and corporations were earlier dissolved in accordance with the…
-
We’ll oppose any plan to increase transport fares – COPEC
As fuel prices at the pump continue to rise, the conversation about whether or not to increase transportation prices is gradually coming up. Prices of fuel have gone up by up to 12 pesewas at some stations. But the Executive Secretary of the Chamber of Petroleum Consumers, COPEC, Duncan Amoah says his outfit will kick…
-
Government settles over 50% power debt owed IPPs
The Chamber of Independent Power Producers, Distributors and Bulk Consumers (CIPDiB), has revealed that government has settled a little over 50% of the overdue debt owed them. According to them, this leaves the current indebtedness of the government to the IPPs at about $750 million. This comes barely two months after the Chamber threaten to…
-
Vivo Energy Ghana launches new shell fuels portofolio
Vivo Energy Ghana, the Shell Licensee, has announced the biggest fuel portfolio launch ever in Ghana. The entire new Shell fuels portfolio, (Shell V-Power, Shell FuelSave Unleaded and Shell FuelSave Diesel) is now designed to enhance engine efficiency as Shell’s new fuels contain exclusive DYNAFLEX Technology. This new formulation helps clean and protect key components…