ACEP advises against GNPC relocation

The Africa Centre for Energy Policy (ACEP), an energy think tank, wants plans to relocate the headquarters of the Ghana National Petroleum Corporation (GNPC) to be abandoned.President-elect Nana Akufo-Addo recently reiterated his government’s desire to relocate the headquarters of GNPC to ... — Read More

BDCs say government debt rises to US$384 million

Ghana's domestic oil importers said on Friday they may take legal action against the government to recover interest on an outstanding debt of $384 million that presents an early headache for the incoming government.The debt was accumulated mainly between 2013 and ... — Read More

TOR to refine TEN project crude despite doubts

The Tema Oil Refinery (TOR) is said to have taken delivery of the first crude oil produced from the Tweneboa, Enyenra and Ntomme (TEN) project to be refined and sold on the Ghanaian market.The one million barrels of crude, the thebftonline.com ... — Read More

Oil challenges could hang Akufo-Addo’s hopes -- Fitch

Credit ratings agencies Fitch has said that the grandiose promises of the incoming New Patriotic Party administration could be derailed should growth projections fail and oil production in upcoming oil fields disappoint.The NPP administration which takes over the reins of government ... — Read More

West African countries ban 'Dirty European Fuel

Five West African countries have banned some European fuel imports, because they say they are too dirty. Nigeria, Benin, Togo, Ghana and Côte d'Ivoire are introducing stricter standards to cut vehicle emissions and improve air quality in cities.Nigeria, Benin, Togo, Ghana, ... — Read More

Tel Energy marks fifth anniversary with donation

Tel Energy, an indigenous oil marketing company (OMC) incorporated under the laws of Ghana in 2011, has celebrated its fifth anniversary with a customer appreciation day held at its McCarthy hill station in Accra and a donation to the Accra Psychiatric ... — Read More

Gov’t must end unhealthy competition – BDC’s

The Chief Executive Officer of the Chamber for Bulk Oil Distribution Companies (BDC) Senyo Horsi has warned government to end alleged unfair pricing war its engaged in with some BDC’s and Oil Marketing Companies (OMC’s) in the country.According to Senyo Horsi ... — Read More

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