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Ghana on the verge of petroleum crisis – AOMCs

Ghana is on the verge of petroleum crisis as activities of Petroleum Black Market dealers is growing. Therefore the Association of Oil Marketing Companies (AOMCs) has called on government to take far-reaching measures to deal with the situation.      “Given the gravity of Petroleum Black Market dealers, we members of …

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Growing petroleum black market trade could disrupt economy – OMCs

Scores of Oil Marketing Companies (OMCs) on Wednesday called on the National Security to tighten the noose around Petroleum Black Market dealers whose infiltration into the sector posed a  great risk to the national economy. Mr Henry Akwaboah, Managing Director of Engen Ghana Limited told the Ghana News Agency in …

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Illicit financial flows meeting calls for investigations into Western Corridor Gas Project EPCC

Participants at a high level convening on Illicit Financial Flows (IFFs), held in Accra have called for thorough investigations into why the Engineering, Procurement Construction and Commissioning (EPCC) contract of the Western Corridor Gas Infrastructure Project never passed through Parliament. In a communiqué issued after a two-day workshop on Illicit …

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Human activities pose danger to gas pipeline

Activities of some residents of Bankuman in Tema Manhean are endangering the safety of pipelines buried for the transmission of natural gas by the West Africa Gas Pipeline Company (WAPCO). Their activities either in or at the edge of the gas pipeline’s right-of-way could lead to a possible fire outbreak …

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Ghana Gas seals deal with Chinese Multinational Yantai Jereh

The Ghana Gas Company has signed a contract with the Yantai Jereh group, a Chinese multinational oil fields service conglomerate to construct an onshore natural Gas pipeline infrastructure in the country. A statement by the Global Media Alliance and copied to the Ghana News Agency in Accra on Monday said, …

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Black market dealers in Ghana’s petroleum sector cause $500m loss in 2016 – AOMC

The Association of Oil Marketing Companies (AOMCs) has lauded government’s effort to instilling discipline in downstream oil marketing sector and to ward-off infiltrators whose nefarious activities cause the nation to lose millions of cedis in tax revenue.    The government lost revenue in excess of $500 million in 2016 through …

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Ghana government commends GOIL

The Government has commended the Management and Board of Directors of Ghana Oil Company Limited (GOIL) the nation’s foremost indigenous oil marketing company for solely financing the construction of a $15 million Marine Gas Storage (MGS) at Takoradi Port. On behalf of the Mr Boakye Agyarko, Ministry of Energy; Dr. …

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GOIL commissions $15m marine gas storage facility

The Ghana Oil Company (GOIL) on Wednesday commissioned a $15 million Marine Gas Storage (MGS) facility, the largest in the country to improve the bunkering industry and the Ghanaian economy in general.      The 13.5 million litre capacity project consists of storage and dispatch of marine gas oil to upstream vessels, ships …

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Minority Energy Committee reacts to AMERI deal report

Members of National Democratic Congress (NDC) Minority side on the Mines and Energy Committee on Monday reacted to an unsigned report circulating the media suggesting fraud on their side in the power agreement between the Government of Ghana and the Africa and Middle East Resources Investment (AMERI) LLC.   They …

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Ghana urged to put Heritage Fund to fruitful use

The Heritage Fund should be utilised as a creditor to areas of the economy where there are opportunities for growth and profitability. Mr David Selorm Adikah, the Business Development Manager of Liberty Assets Management Limited, who made the suggestion, on Thursday, said Ghana would make a grave mistake should it make …

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