Energy Minister Gives OMCs 10yr Ultimatum to Meet 51% Local Participation
The Minister for Energy, Mr. Boakye Agyarko has given a 10year ultimatum to Oil Marketing Companies (OMCs) that supply petroleum products to the market and to other industries including the mining, construction and aviation industries to meet the minimum equity of 51% held by Ghanaians. The sector minister added that henceforth, new entrants into the […]
Petroleum Hub: Govt Heads 10% of US$50Billion, 90% Private Sector
The Minister for Energy, Mr Boakye Agyarko has said over $50billion of investments will be required from public and private investments to build the relevant infrastructure for Ghana’s petroleum hub. He indicated that government is required to raise 10% of this investment to provide basic public infrastructure like road network, electricity, water, etc. needed at the hub. Mr Agyarko noted that his outfit has up […]
Resource Navy to Fight Oil Smuggling- NPA Boss
The Chief Executive Officer (CEO) of the National Petroleum Authority (NPA), Hassan Tampuli has called for complete retooling of the country’s Navy to enable it fight oil smuggling on sea. He indicated that the Authority has recently made several arrests in collaboration with undercover security officials who launched swoops on route to the open sea […]
Senyo Hosi Berates ESLA Plc Over Missing GH₵1Billion
…As He Urges Administrators To Be Cautious The Chief Executive Officer (CEO) of the Ghana Chamber of Bulk Oil Distributors (CBOD), Senyo Hosi has said the Chamber is unaware of any exemptions granted any industry outside of the E.S.L.A Plc Act and does not deny possibility of same. He is calling for an independent public […]
Petroleum Hub: Bawumia Propose Mergers and Acquisitions for BDCs and PSPs
The Vice President of the Republic of Ghana, Dr Mahamudu Bawumia has urged Petroleum Service Providers (PSPs) especially the Bulk Oil Distributors (BDCs) to change their business model to respond to the petroleum hub plans, as there would be more products for export than their current model of importing the shortfalls in production. He noted […]
