The extractives sector plays a crucial role in revenue generation for countries, especially where tax collection is effective. Countries that have lax tax collection systems and regimes that tolerate opaque ownership structures facilitate the syphoning of public money, conflicts of interest and tax evasion. The Africa Centre for Energy Policy (ACEP) has developed manuals for […]
ENI ready to transport gas from Sankofa Gye-Nyame fields
Audit reveals GH¢800m ‘misappropriated by six state institutions’
A forensic audit of the finances of some state institutions reveals that over GH¢800 million has been allegedly misappropriated, with traces leading to officials in the former administration. The audit, according to documents intercepted by Joy News, was initiated following suspicion that there was widespread financial malfeasance under the erstwhile John Mahama-led administration. Eighteen agencies […]
Is A Diesel Crunch Coming?
Tor Martin Anfinnsen, Senior Vice President, Marketing and Trading at Equinor, expects increased market volatility and is concerned about diesel supply and diesel prices. But Alex Beard, head of oil at Glencore, told Reuters earlier this month that “Distillates will clearly play a very large role in shipping but what is becoming clear is that the world […]
New Gas Law To Regulate Industry—Bawumia
HOME NEWS SPORTS BUSINESS REAL ESTATE AFRICA OPINIONS POLITICS LIFESTYLE WORLD ENTERTAINMENT MEDIA CLASSIFIEDS HEALTH DIASPORA MEMBERS NOLLYWOOD 10.07.2019 BUSINESS 1 New Gas Law To Regulate Industry—Bawumia By Staff Writer JUL 10, 2019 BUSINESS & FINANCE 1COMMENT Vice President Dr. Mahamudu Bawumia says Government recognizes that there are some regulatory challenges that must be addressed using the proposed […]
CBOD PETROLEUM PRICE OUTLOOK
Fuel stations using digitally controlled dispensers to short-change consumers
It has emerged that about 30 per cent of fuel stations in the country are using digitally controlled dispensers that are easy to adjust to alter the quantity of fuel dispensed to buyers. This makes it easier for fuel attendants and their superiors to cheat unsuspecting consumers without tampering with the well-publicised security seals installed […]
Partisanship killing SoEs- Senyo Hosi
The Chief Executive Officer of the Chamber of Bulk Oil Distribution Companies (CBOD), Mr Senyo Hosi, has blamed the largely poor state of state-owned enterprises (SoEs) on the extension of partisanship into the management of the firms, and that the situation will worsen if politics is not separated from state businesses. He has, therefore, called […]
MOSL at 1.
Maranatha Oil Services Limited (MOSL) has celebrated its first anniversary. The Bulk Oil Distribution company started operations in The Secretariat and all members wish you the best.
