The Western and Central Regional zonal offices of the National Petroleum Authority (NPA) has confiscated over 10,000 litters of smuggled fuel in some unauthorized outlets in the Shama,...
The Western and Central Regional zonal offices of the National Petroleum Authority (NPA) has confiscated over 10,000 litters of smuggled fuel in some unauthorized outlets in the Shama,...
Government will prosecute people who smuggle, hoard or adulterate premix fuel in the country following coming into force of Legislative Instrument (LI) 2233 and 2251 in January this year. The...
Intra-African trade has the greatest potential for building sustainable economic development and integration, says African Economic Outlook (AEO) 2017. AEO, is a flagship report of the African...
Firms in the downstream petroleum sector remain livid about the activities of criminals who dump products meant for neighbouring countries back onto the Ghanaian market, saying the only way is for...
The Shareholders of the Ghana Oil Company Limited (GOIL) has affirmed Mr Peter Kwamena Bartels, a former Minister of the Interior as the Chairman of GOIL Board of Directors at the 48th Annual General...
The Institute of Energy Security (IES) has predicted an average drop of 1.03% percent in fuel prices for the second pricing window. According to IES, current developments across the globe indicate...
The drivers have vowed to ground all their 3,500 bulk vehicles if their grievances are not addressed The rift, which had been simmering between the Bulk Oil Storage and Transport (BOST) and Tanker...
A stationary gas tank and a loaded gas truck both exploded in the early hours of Tuesday May 9, leaving 152 persons sustaining varying degrees of injuries. The injured include 6 firefighters from...
Fears are being expressed about the registration of Bulk Road Vehicles (BRVs) to convey petroleum products across the country. A credible source, that spoke to The Chronicle, alleged that the...
AOMCs says the development has made it difficult for their members to repay debts The Non-Performing Loans (NPLs) of commercial banks, is likely to worsen if government fails to stop the illegal...
Ghana’s international reputation will suffer a dip if it fails to stop the illegal sale of petroleum products in the immediate term. According to some industry watchers, the country could serve as...
The Chamber of Petroleum Consumers (COPEC) is calling on government to urgently investigate and arrest culprits involved in the illegal sale of petroleum products. COPEC believes this will ensure the...
The Managing Director of GOIL, Patrick Akorli, has said Oil Marketing Companies (OMC’s) are shutting down and laying off staff due to the activities of some individuals who smuggle petroleum...
If Ghana does not map out strategies to curtail the activities of oil smugglers, it will lose a whooping amount of GH?1billion in 2017, the Association of Oil Marketing Companies (AOMCs) has warned....
The stage is set for a showdown as government is poised to crack the whip on a cartel in the oil industry which is said to be responsible for. The cartel, allegedly made up of some powerful business...
The Chamber of Petroleum Consumers (COPEC) Ghana is demanding full scale investigations into the proliferation of black market trade in the petroleum downstream sector that allegedly caused the...
Our political system, it is more than a truism, is characterised by the vicissitudenous scenario of political parties coming in and out of power, and it is not overly unusual for the party in...
The National Petroleum Authority (NPA) has announced measures to deal with the smuggling of petroleum products which is costing the nation about GH¢850 million. As part of the measures, exporters of...
More workers are set to be laid off in the petroleum downstream sector as the illegal sale of petroleum products continue unabated. Already, the CEO of the Association of Oil Marketing Companies,...
