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Ghana government asked to allocate more oil revenue to education

The Africa Centre for Energy Policy (ACEP), has called on government to allocate enough money from the oil revenue to education to ensure national development. The Centre said education plays a key role in nation building and that financing the venture would help address challenges of socio-economic disparities in access …

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Ghana Gas to engage local communities around gas pipelines

Ghana National Gas Company says it would continue to engage with residents living along its gas pipelines to protect the facility. Dr George Sipa Adjah Yankey, Chief Executive Officer of the GNGC, made this known during a two-day retreat organised by the Western Regional House of Chiefs in Benyin in the …

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Distribution of oil revenues deprives poorest regions in Ghana – Dr Adam

Dr Mohammed Amin Adam, Executive Director of Africa Centre for Energy Policy, says the distribution of the country’s oil revenue has discriminated against the poorest regions in the country and called for even distribution. He said the law governing the petroleum management revenue requires the nation to distribute and allocate …

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Tullow increases natural gas exports from Jubilee to 100 million cubic feet

Tullow Oil, the British oil producer in Ghana says its natural gas exports from the Jubilee oil field has steadily increased to around 100 million cubic feet per day. According to Tullow, oil production has also increased in parallel. These developments follow the completion of repair works on a gas …

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Ghana ill-equipped to manage oil price fall – analyst

Mr Mark Evans, an economic analyst, with the Natural Resources Governance Institute, on Thursday, said Ghana has found itself ill-equipped to manage the rapid fall in oil prices. He said the country was not fully prepared to manage swings in commodity prices and to transform its resource revenues into meaningful …

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Tullow Oil resumes production at Jubilee field after fixing compressor fault

British oil company, Tullow has announced resumption of production from Ghana’s Jubilee oil field after works on a gas compressor was completed and oil production has returned to previous rates. According to the Tullow’s CEO, Aidan Heavy , the company is also focused on operational efficiency and the Jubilee compressor …

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Make oil contracts bidding process transparent – Energy Expert

Dr. Mohammed Amin Adam, the Executive Director, African Centre for Energy Policy, ACEP, has called for a clear and open bidding process for oil contracts. He also called for proper assessment of the financial strength of companies awarded oil contracts to ensure that they had all the needed financial capacity to …

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Ghana Jubilee Field produces more than 37 million barrels of oil in 2014

The Jubilee Field in Ghana produced more than 37 million barrels of oil in 2014, more than it did in 2013, according to the Ministry of Finance. Reporting in accordance to the Petroleum Revenue and Management Act, the Ministry states that the total crude oil produced from the Jubilee Field …

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Groups launch website for tracking Ghana oil revenue

Africa Centre for Energy Policy, in collaboration with other governmental institutions has launched a platform to enhance the citizen’s ability to keep track of how the country’s oil and gas resources are managed. Christened: “ www.ouroilmoney.org,” the platform is one of the key building blocks of improving transparency and accountability …

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