- + (233) 30 279 7871
- cbod@cbodghana.com
- Mon - Fri 8.30 - 17.00
Menu
The Ghana Chamber of Bulk Oil Distributors (CBOD) partnered with Abertay University in Scotland to explore how the skills athletes develop through sports can contribute to economic development in Ghana’s oil and gas sector. Supported by the International Science Partnership Funding, this research identifies innovative solutions to address the looming skills shortage in the industry. Ghana’s oil sector is approaching a critical skills crisis. As the importance of human capital grows, it is expected to surpass financial capital as the...
Read moreDr. Patrick Ofori, CEO of the Ghana Chamber of Bulk Oil Distributors (CBOD), has underscored the critical gap in research and contextualization within Ghana's petroleum sector. He said this during a panel discussion at the Ghana International Petroleum Conference 2024. He lamented the scarcity of local research initiatives, citing a single book sponsored by the World Bank as the sole comprehensive study on skill gap analysis specific to Ghana. He said, “Without adequate research and tailored educational programs, the sector...
Read moreAccra, Ghana – August 22, 2024 – The Chamber of Bulk Oil Distributors (CBOD) is deeply concerned about the recent decision by Liquefied Petroleum Gas Marketing Companies (LPGMCs) to cease business relations with SAGE Petroleum (Quantum Terminals) and Blue Ocean depots in Tema. These two companies are valued members of the CBOD and are key players in the downstream petroleum sector. Quantum Terminals and Blue Ocean Investments Limited are Ghanaian companies that have been legally registered by the laws of...
Read moreA minister of state at the Energy Ministry, Herbert Krapah has challenged players in the Ghanaian petroleum industry to take advantage of the African Continental Free Trade Agreement (AfCFTA) to boost the petroleum industry in Ghana. He was speaking in a keynote address at the annual Ghana International Petroleum Conference (GhIPCON), which took place in Accra from 17th to 18th July 2024. “By removing trade barriers and fostering regional integration, AfCFTA can enhance market access, stimulate investment, and drive economic...
Read moreCrude Oil and Refined Products Market Review and Outlook Crude oil prices surged for the second window in a row as a result of increasing global demand. Demand for petroleum products continues to increase due to global economic growth and high cost of renewable and alternative energy sources. Crude oil price rose by about 4.11% in Q1 to USD85.0780/bbl in Q2 largely attributed to the tensions in the Middle East and the Russia-Ukraine war. Global economic growth continues to propel...
Read moreThe Chamber of Bulk Oil Distributors (CBOD), in collaboration with the Tema Command of the Ghana National Fire Service, has organized an emergency fire response training program for members of the chamber. Forty representatives from member company depots participated in the intensive training session. The purpose of the training program was to equip depot staff with the requisite skills to effectively respond to emergency fire outbreaks. This initiative underscores CBOD's commitment to prioritizing safety and security in downstream sector depots....
Read moreAccra, Ghana - June 21, 2024 — The Chamber of Bulk Oil Distributors' (CBOD) has received a letter from the Ministry of Energy addressed to the Ghana Revenue Authority (GRA) on a new standard for measurements in the oil and gas sector. This standard was primarily developed collaboratively by the Ghana Standards Authority (GSA) with the Ministry of Trade and Industry and other stakeholders. The Ministry's directive mandating all entities involved in revenue assurance measurements within the oil and gas...
Read moreCrude Oil and Refined Products Market Review and Outlook Global crude oil prices continue to follow a downward trajectory after rising to a five-month high in April 2024. Crude prices rose from an average of USD81.72/bbl in Q1 to USD90.39/bbl in April before declining to an average of USD79.33/bbl in the second window of June 2024. Tensions between Israel and Iran in the second quarter resulted in an unprecedented surge in global crude oil prices, as was witnessed in April....
Read more
