Category: Oil And Gas
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Enforce safety standards to prevent gas explosions – COPEC to government
The Chamber of Petroleum Consumers-Ghana (COPEC) wants government and sector authorities to ensure that safety standards are adhered to at various fuel stations across the country. This is on the back of an explosion which occurred last week at a gas station in the Volta Region. Speaking to Citi Business News, Executive Secretary of COPEC,…
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IES predicts marginal decrease in cost of fuel for first pricing window in November
Consumers of petroleum products should be paying lower prices for fuel they purchase at the various pumps, for the next two weeks in November 2020. This is according to energy think tank, Institute of Energy Security (IES). IES, in a statement, attributed its prediction to the decrease in prices of International Benchmark- Brent Crude, the…
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TOR can refine over 100,000 barrels of crude a day under good leadership – John Jinapor
Former Deputy Energy Minister, John Jinapor, says under proper leadership the Tema Oil Refinery (TOR) should be able to process in excess of 100,000 barrels of crude oil per day. Speaking at the Energy Manifesto Dialogue Organised by the Institute for Energy Security (IES), Mr Jinapor indicated that the NDC government has the know-how to…
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Settle remaining debts or we’ll withdraw our services – IPPs to government
The Chamber of Independent Power Producers, Distributors and Bulk Consumers has served notice of its intent to withdraw services to the Ghana Grid Company (GRIDCo). According to a statement signed by its CEO, Elikplim Apertorgbor, the failure of government to settle at least 80 percent of its due debt worth over a billion dollars is…
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Political interference cause of TOR’s woes – Senyo Hosi
The Chief Executive Officer of the Chamber of Bulk Oil Distributors (CBOD), Senyo Kwasi Hosi says political interferences in operations of the Tema Oil Refinery (TOR), will have to be halted in order for the entity to properly function. Speaking at the Energy Manifesto Town Hall, organized by the CBOD, Senyo Hosi said it will…
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Government to provide incentives to encourage private sector in funding petroleum hub
To turn Ghana into a petroleum hub in the West African sub-region with ultra-modern refineries, pipelines, storage facilities, and transportation facilities, private sector participation is needed. It is in this regard that the government is advocating for private sector companies to support the project which is expected to cost US$60 billion, with funds. On the…
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Don’t impose taxes on fuel after 2020 elections – COPEC cautions government
The Chamber of Petroleum Consumers (COPEC) has called on government to ensure it desists from introducing new taxes on petroleum next year. Speaking to Citi Business News, Executive Secretary of COPEC, Duncan Amoah said, whichever party that wins the upcoming elections should desist from the act as it greatly inconveniences the average Ghanaian. He stated…
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Revamp TOR to ensure investor confidence for petroleum hub – COPEC to Government
The Chamber of Petroleum Consumers (COPEC) says government must get the Tema Oil Refinery up and running if it hopes to attract funding for its planned petroleum hub. Executive Secretary of COPEC, Duncan Amoah, says the current state of TOR will not boost investor confidence to raise funds for the petroleum hub. He stated that,…
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Improve quality of products, service to remain competitive – COPEC to OMCs
The Chamber of Petroleum Consumers (COPEC) has charged Oil Marketing Companies (OMCs) across the country to make improved investments into training their frontline staff as well as provide high-quality products on a consistent basis in order to remain competitive. The remarks follow the completion of the second Consumer Satisfaction Survey for the month of October…
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Dissolve TOR board within one week – Staff to Nana Addo
Workers of the Tema Oil Refinery (TOR) have given the President a one-week ultimatum to dissolve the board of the company. The staff say the board must be dissolved over its incompetent management of the refinery. The workers made the demand when they staged a peaceful protest on Wednesday, November 4, 2020, at the company’s…