Energy Minister inaugurates New Ghana Gas Board

Energy Minister, Dr. Matthew Opoku Prempeh has inaugurated the newly-constituted Governing Board of the Ghana National Gas Company. At a brief ceremony at the Ministry of Energy's conference room on Wednesday afternoon, Dr. Prempeh charged the new Board under the chairmanship of Assin Central MP, Kennedy Ohene Agyapong to tackle the operational challenges of the company earnestly. He said the nomination and swearing-in of the Board signified the President's trust in them and therefore they must justify the confidence. “Your...

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‘Africa must prioritise cleaner fuels in net zero emissions targets’

With its growing petroleum products demands and huge population growth over the next two decades, Africa must first focus on cleaner transport and cooking fuels to reduce air pollution and avert public health issues before embarking on global Net Zero Emissions (NZE) energy transition plans, according to the African Refiners and Distributors Association (ARDA). ARDA’s Executive Secretary and former Chief Operating Officer, Refining & Petrochemicals at the Nigerian National Petroleum Corporation (NNPC), Anibor Kragha, disclosed this during a virtual IPIECA...

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I’ll ensure rules, regulations are adhered to by petroleum downstream players – NPA boss

The Chief Executive of the National Petroleum Authority (NPA), Dr. Mustapha Abdul-Hamid has assured his primary objective is to ensure rules and regulations are adhered to by players in the petroleum downstream industry. He said, that is the only way the industry will achieve its vision, whilst players enjoy the full benefits of the industry. Addressing management of Puma Energy Ghana Ltd and Blue Ocean Investment Limited led by its Group Managing Director, Henry Osei, Dr. Abdul-Hamid noted that his aim...

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Fuel prices to remain stable in second pricing window of July – IES

The Institute of Energy Security (IES) is predicting stability in fuel prices in the second pricing window of July 2021. The Institute since the start of the year has been making projections to keep consumers informed about the trends in prices of crude oil and its effect on fuel prices in the country. In a release from IES, it says due to a 1.35% increase in price of the International Benchmark-Brent crude, 1.39% depreciation of the local currency against the US Dollar,...

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Fuel prices to go up marginally – IES

The Institute of Energy Security (IES) has said prices of fuel will appreciate marginally at the pumps. A statement issued by IES indicated that the price of fuel on the local market increased within the window under review. Within the first pricing window of June 2021, majority of the oil marketing companies (OMCs) increased their prices of petroleum products by 3% at the pump. Based on this increase, the current national average price of fuel per litre at the pump...

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CBOD CEO proposes new policy, calls for all filling stations to display compliance ratings

The Chief Executive of the Ghana Chamber of Bulk Oil Distributors (CEO), Senyo Hosi has proposed the passage of legislation to enforce the display of safety compliance ratings at all petroleum filling stations in the country. This, he says, will help ensure public safety and minimize accidents such as the one which occurred on June 3, 2015, at the Goil filling station in Accra. Mr Hosi was speaking at the launch of the Association of Oil Marketing Companies’ Annual Safety...

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Mustapha Hamid heads NPA

Former Minister Zongo Development and Inner Cities, Mustapha Hamid has been appointed by President Nana Akufo-Addo as the Chief Executive Officer of the National Petroleum Authority (NPA). Starr News sources indicate that the appointment takes effect from 1 July 2021. Mr Hamid will be responsible for overseeing all operations in the downstream petroleum sector. Dr Hamid, 50, previously served in the first-term government of President Akufo-Addo as the minister of Information and subsequently as the minister for inner-city and Zongo...

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CBOD CEO congratulates Dr Mustapha Abdul-Hamid on NPA appointment

The Chief Executive of the Ghana Chamber of Bulk Oil Distributors, Senyo Hosi has welcomed the appointment of the new CEO of the National Petroleum Authority, Dr Mustapha Abdul-Hamid. In his new role, Dr. Abdul-Hamid, a former Minister of Inner-City and Zongo Development, will superintend the regulation and monitoring of the downstream petroleum industry in Ghana for efficiency, growth and stakeholder satisfaction. His appointment takes effect on July 1, 2021. “Congratulations to Dr Mustapha Abdul-Hamid on his appointment as the...

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OMCs attribute recent fuel price increases to global market hikes

The Association of Oil Marketing Companies (OMC) has attributed the increase in fuel prices to a hike in the global oil market. Fuel prices at the pumps shot up from GHS6.05 to GHS6.23 on Saturday, June 19, 2021. Some consumers have expressed concern over the development. The Chairman of the Board of Oil Marketing Companies, Henry Akwaboah, called on consumers to bear with them as they strive to keep their businesses afloat. “Fuel prices are determined by prices on the...

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Dangote Refinery commended for focusing on production of cleaner fuels

The Executive Secretary of the African Refiners and Distributors Association, Anibor Kragha, has described the 650,000 barrels per day (bpd) oil refinery construction project being undertaken by the Dangote Group in Lagos, Nigeria, as a welcome development that would transform the petroleum industry in Africa. Delivering remarks at a webinar hosted by the Ghana Chamber of Bulk Oil Distributors with executives from the Dangote Group, Mr. Kragha said: “What the Dangote Refinery represents is essentially a paradigm shift in how...

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