Repair works on FPSO Kwame Nkrumah to be completed in December – Tullow
Tullow Oil Plc has announced that it will complete the repair works on the FPSO Kwame Nkrumah on the Jubilee oil fields by the end 2018. This will bring to an end the intermittent shutdowns of the Jubilee FPSO Kwame Nkrumah due to the faulty Turret Bearing which for the last two years have seen […]
Senyo charges students to be useful resources to the society.
The Chief Executive Officer of the Ghana Chamber of Bulk Oil Distributors, Mr. Senyo Hosi has charged some students at the University of Ghana Geography department, to develop themselves to be useful resources to Ghana. Mr. Hosi was invited to give a lecture on the downstream sector in Ghana. Mr. Hosi encouraged the students that […]
Fuel prices projected to increase by up to 2% from next week
The Institute for Energy Security (IES) has projected fuel price increases between 1 and 2 percent in the first pricing window of April barring any intervention from government. The energy think tank believes the imminent increase of fuel prices is as a result of international indicators as well as a slight depreciation of the local […]
Tale of press conferences: COPEC hits back at BOST
The Chamber of Petroleum Consumers (COPEC) is hinting of a possible conflict of interest between the Bulk Storage and Transportation Company (BOST) and BB Energy. In a new twist to the never-ending saga between BOST and COPEC, the Executive Director of COPEC Duncan Amoah says there appears to be a “relational interest” between BOST and […]
Oil companies need licences to operate in Ghana – Senyo Hosi wades into BOST saga
The Ghana Chamber of Bulk Oil Distributors (CBOD) CEO has expressed surprise at a transaction between the Bulk Oil Storage and Transportation Company (BOST) and an unlicensed foreign company, BB Energy. Stating the position of the law, Senyo Hosi said any company that wants to deal in petroleum products on Ghana’s shores is required to […]
Petroleum prices to drop by 3% in March
Prices of petroleum products are expected to drop by about 3 percent for the first pricing window in March. The pricing window spans Thursday, March 1, 2018 to Thursday, March 15, 2018. According to the Institute of Energy Security (IES), the drop can be attributed to the reduction of crude oil prices on the international […]
Open letter to the President: Our security, your reckless officer, your move!
Dear Mr. President, In a space of three days, we have been informed of armed-robberies and a murder that is uncharacteristic of our regular social lives. The bravado exhibited by the robbers and their carelessness at expending any life is extremely concerning. The reports of limitations on the part of the Police to deal with […]
COPEC intensifies pressure on NPA over 15% petroleum tax; threatens another protest
The Chamber of Petroleum Consumers (COPEC) says it will hit the streets in the coming days if the petroleum sector regulator fails to scrap the 15% Special Petroleum Tax. COPEC last Wednesday led a demonstration over the increasing price of petroleum products, which they say has brought hardship on Ghanaians. Following that demonstration, Chief Executive […]
NPA bows to COPEC pressure: 15% petroleum tax soon to be made ‘specific amount’
Chief Executive of National Petroleum Authority (NPA), Hassan Tampuli, has revealed the much-criticised 15% Special Petroleum Tax (SPT) charged consumers at the pumps will soon be made a specific tax. The revelation by Mr Tampuli today, Saturday 10, 2018, follows a demonstration last week by the Chamber of Petroleum Consumers (COPEC) and the Industrial and […]
Scrap special petroleum tax – Wereko-Brobby urges govt
A former CEO of the VRA, Dr. Charles Wereko Brobby has impressed on government to scrap the special petroleum tax in order to relieve consumers of the burden of escalating petroleum prices. He maintains that consumers will continue to bear the brunt despite attempts to review the mode of calculating the tax. Dr. Wereko Brobby’s […]
