The Chamber of Oil Marketing Companies (COMAC) is calling for a regional approach to LPG supply and pricing to ensure that all West African countries benefit from emerging energy infrastructure, including Nigeria’s Dangote Refinery.Speaking at the just-ended OTL Africa Downstream Energy Week in Lagos, COMAC Chairman Gabriel Kumi said the success of the Dangote Refinery...
Month: November 2025
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IMF’s Ghana Rep. Describes IPPs Debt Restructuring as Crucial Reset for Energy Sector
The International Monetary Fund (IMF) has described Ghana’s renegotiation of legacy arrears owed to Independent Power Producers (IPPs) as a major turning point for the country’s energy sector, signalling renewed investor confidence and improved financial discipline. For years, Ghana’s power sector had been burdened by more than US$2.5 billion in arrears to IPPs, a situation...
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Fuel Prices Drop as OMCs Begin Implementing November Reductions
Some Oil Marketing Companies (OMCs) across Ghana have started reducing prices of petroleum products at the pumps, in line with earlier industry projections of a significant decline from November 1, 2025. Market leader Star Oil has adjusted its pump prices, selling a litre of petrol at GH¢11.59, down from GH¢12.77, while diesel now goes for...
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GNPC Reaffirms Commitment to Operatorship at Second Annual General Meeting
The Ghana National Petroleum Corporation (GNPC) has restated its commitment to achieving full operatorship as it continues to strengthen technical competence, institutional resilience, and financial sustainability. This assurance was given at the Corporation’s Second Annual General Meeting (AGM) held at the Marriott Hotel in Accra under the theme “Consolidating Our March Towards Operatorship”. The meeting...
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Dangote Refinery Hits 70 Million-Litre Daily Fuel Output Surpassing Nigeria’s Domestic Demand
The Dangote Petroleum Refinery has announced a major production milestone, hitting a combined daily output of 70 million litres of petrol and diesel – 45 million litres of petrol and 25 million litres of diesel, surpassing Nigeria’s domestic fuel demand. According to Group Chief Branding and Communications Officer, Anthony Chiejina, this achievement underscores its growing...
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Nigeria, Others to Lead Africa’s Upstream Sector Resurgence
Africa’s oil and gas sector is getting ready for a slow comeback in 2026, with Nigeria among the countries to lead the resurgence. This was revealed in a new report titled State of African Energy 2026 Outlook by the African Energy Chamber (AEC). The report says countries like Nigeria, Algeria, Libya, Egypt, and Angola are...
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Decommissioning and Abandonment: The Case Against Creating a New Commission in Nigeria
The recent move by the House of Representatives to establish a National Commission for the Decommissioning of Oil and Gas Installations (NC-DOGI) has sparked intense debate within Nigeria’s petroleum governance space. The Ministry of Petroleum Resources, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), and the Nigerian National Petroleum Company Limited (NNPCL) have all strongly opposed...
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Sierra Leone Signs Reconnaissance Permit with Eni, Marking Major Step for Upstream Sector
The Petroleum Directorate of Sierra Leone (PDSL) has announced the signing of a Reconnaissance Permit Agreement with Eni S.p.A., one of the world’s leading energy companies — a move hailed as a major milestone for the country’s upstream oil and gas sector. The agreement underscores President Dr. Julius Maada Bio’s agenda to promote economic diversification,...
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GPRTU Commends GOIL for Sustained Quality and Partnership
The Ghana Private Road Transport Union (GPRTU) has applauded GOIL PLC for its consistent supply of high-quality fuels, excellent customer service, and long-standing partnership that has supported Ghana’s transport sector for over six decades. The commendation was made during a courtesy visit by a GOIL delegation to the GPRTU headquarters at the Trades Union Congress...