Category: Oil And Gas
-
Fuel prices to drop again in October
Consumers are expected to pay less at the pumps in the second pricing window of October. This is according to the Institute of Energy Security (IES) who have predicted a reduction in fuel prices of up to three percent. Fuel prices since the beginning of this year (2017), have seen marginal increase due to the…
-
Low training of Ghanaians in oil industry worrying
Stakeholders in Ghana’s Oil and Gas industry have bemoaned what they say is the low level of investment in the training of personnel in the sector. According to them, government has done little to increase local participation in the sector despite the implementation of the Local Content Law which seeks to promote the maximization of value…
-
Don’t stampede gov’t into closing fuel stations
The Association of Oil Marketing Companies (AOMC) has appealed to government to undertake thorough examination of the Atomic Junction Gas explosion before it comes out with a national policy on fire outbreaks at the pumps. The Atomic Junction gas explosion which occurred on Saturday claimed the lives of seven people, injuring over a hundred people.…
-
Govt to issue energy bond in tranches
Government has disclosed it is considering to issue its energy bond in batches of two or three. Citi Business News understands this may be the case as it will attract relatively lower yields and reduce the debt repayment burden. The decision to avoid a wholesale issuing of the estimated 10 billion cedis or 2.5 billion…
-
Ghana’s exports rise to $ 8.9 billion
Ghana is benefitting from increased revenue from her exports which is ultimately expected to reduce the country’s burden on imports and correct the Balance of Trade (B0T). The latest figures by the Bank of Ghana indicate that the country received 8.95 billion dollars from her exports in August 2017 compared to the estimated 7 billion…
-
Improve IGF of Ghana Gas- Energy Minister directs board
The Minister of Energy, Boakye Agyarko has tasked the new Board of Directors the Ghana National Gas Company Limited (GNGC) to improve the internally generated funds (IGF) of the company. According to him, the new board must desist from seeking for funds from the central government. Speaking at an event to inaugurate a 9 member…
-
Atomic Junction Gas Explosion: Safety measures must be enhanced
Some analysts in the petroleum and gas industry have called on government to equip regulatory bodies to enforce safety laws at the pumps following the Atomic Junction Gas explosion on Saturday [ October,7 2017] which claimed seven lives. In addition, government has been urged to strictly ensure that gas and fuel stations are placed at least…
-
We need centralized automatic fuel stations to curb explosions – Alex Mould
A former Chief Executive Officer of the Ghana National Petroleum Corporation (GNPC) in the John Mahama administration is advocating the introduction of centralized automatic fuel stations in non-commercial and residential areas. His proposal came hours after Ghana was hit by another Gas explosion at Atomic Junction in Accra. Meanwhile, the Energy Ministry has already started a…
-
![Ghana records 8 gas explosions within 3-years [Infographic]](https://citibusinessnews.com/wp-content/uploads/2017/10/Atomic-junction-gas-explosion-44-620x330-1.jpg)
Ghana records 8 gas explosions within 3-years [Infographic]
Ghana has since 2014 recorded at least eight major gas explosion cases across the country, as reported by Citi FM. In all the eight cases, six were recorded in the Greater Accra Region, one in Takoradi in the Western Region, and one at Kasoa in the Central Region. Two of the cases were recorded in…
-
470MW Karpowership connects to national grid
Karpowership Ghana Company Limited has connected its 470 MW Karadeniz Powership Osman Khan to the national grid. The Powership, which arrived in August this year, has completed all requisite commissioning works, operational tests and has begun supplying power to the national grid. This will significantly help ameliorate the power supply in the country. A release…