Ghana’s downstream petroleum industry has grown into one of the most competitive and complex fuel markets in Africa. Over the past decade, reforms, private participation, and steady investments have redefined the way petroleum products are sourced, distributed, and sold across the country. With more than one hundred and eighty licensed Oil Marketing Companies(OMCs) operating from...
Day: November 12, 2025
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From boardroom to courtroom: six Nigerian energy ministers arrested for alleged fraud
Nigeria’s energy sector — one of the largest contributors to the nation’s economy — has repeatedly been rocked by allegations of corruption, contract mismanagement, and abuse of office. Over the years, several ministers overseeing the petroleum and power portfolios have faced scrutiny from the Economic and Financial Crimes Commission (EFCC) or fallen out of favour...
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2026 Budget: CEMSE proposes $100m support for TOR crude purchases
The Centre for Environmental Management and Sustainable Energy (CEMSE) is proposing to the government to allocate $100 million in the upcoming 2026 national budget to support the purchase of crude oil for the Tema Oil Refinery (TOR). The government has already announced plans to restart crude oil refining at TOR by the end of this...
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Ethiopia selected over Nigeria to host COP32 climate summit in 2027
Ethiopia is set to host the United Nation’s COP32 climate summit in 2027 after edging out a rival bid from Nigeria. Richard Muyungi, the group chair of the African Group of Negotiators, told AFP that African nations have endorsed the move for Ethiopia to host COP32. He noted that the matter was discussed by the...
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Sierra Leone rides frontier exploration wave as Eni snares acreageItalian major moves fast to snap up five blocks, with eyes firmly on big Vega prospect
Sierra Leone has emerged from the exploration shadows cast by neighbouring Liberia and Ivory Coast after signing a major exploration deal with Eni that could see a wildcat drilled, possibly in 2026, on a huge deepwater structure that has been tantalising explorers for years. Italian energy company Eni has signed a major exploration agreement for...