Saturday, June 25, 2022
The National Petroleum Authority (NPA) says it is reviewing the Act to meet international standards, demands and expectations. Dr Mustapha Abdul-Hamid, the Chief Executive of the NPA, said the review was necessary because certain limitations had been identified in Act 691, 2005, which regulated and ensured safety standards in the...
Upper West Regional Minister, Dr. Hafiz Bin Salih has expressed concern over the adulteration of fuel and the increasing cases of smuggling to neighbouring countries. He stated that the region is not only notorious for the smuggling of agricultural inputs but petroleum products as well. The Minister, therefore, called on the...
GOIL is the biggest Ghanaian-owned Oil Marketing Company listed on the Ghana Stock Exchange. The company has the largest and most extensive network of service stations at over 420 with the biggest market share while competing among over 120 oil marketing companies. The company is ISO 9001:2015 as well...
The Group CEO and Managing Director of GOIL, Kwame Osei Prempeh, has cut the tape to officially open a newly refurbished service station at Kwabenya, Accra. Located near the Atomic Road Kwabenya roundabout, the modern service station is equipped with an ultra-modern GoCafe, Auto centre, Lube bay, a Pharmacy and...
Last year, the Petroleum Holding Fund (PHF) received a total of US$664.9million as petroleum receipts realised from oil liftings among other revenues during the period, the semi-annual report on performance of the Ghana Petroleum Funds has shown. Per the report from the Bank of Ghana on performance of the PHF,...
An Accra Commercial High Court has ordered the Operators of Ghana’s Sankofa oil field, ENI Ghana Limited and its partner Vitol Upstream Ghana Limited, to immediately pay 30 percent of revenue realised from the sale of crude oil from the field to the Court Registrar. The payment, which is estimated...
The Chamber of Petroleum Consumers Ghana (COPEC) is forecasting a 3 percent increase in fuel prices at the pumps for the first week of January 2022. According to COPEC, the increase will lead to a 20 pesewas surge in the prices of petrol and diesel in the country. A statement from...
The leadership of the Ghana Cocoa Coffee and Shea nut Farmers Association (COCOSHE) have paid a working visit to the management of the Cocoa Processing Company Limited (CPC) at Tema. The National President of COCOSHE, Alhaji Alhassan Bukari  said that the visit was aimed at interacting with officials of the...
The Upper Middle Belt Zone has taken its turn in rewarding customers as part of a nation-wide promotion. GOIL’s Upper Middle Belt Zone comprises parts of Ashanti, Brong, Brong East, Ahafo and portions of the Western North Regions. The promotions took place at various GOIL service stations in Wenchi, Hwidiem, Nkroanza,...
The Petroleum Commission (PC) is training 150 young Ghanaians to acquire vocational, practical and hands-on skills that will position trainees to take opportunities in the upstream oil and gas industry. They were selected from a pool of 3,500 Ghanaians through a stringent and competitive selection procedure involving advertisement, examination and...
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