Oil markets are bracing for an even bigger potential price shock with Iran on Wednesday warning that crude could surge to $200 per barrel if the war involving the U.S. and Israel continues to destabilize the Middle East’s energy corridors. Ebrahim Zolfaqari, spokesperson for Iran’s Khatam al-Anbiya military command headquarters, warned the world to “get...
Day: March 11, 2026
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NPA Assures Public of Stable Fuel Supply Amid Global Energy Market Concerns
The National Petroleum Authority (NPA) has assured the public that Ghana’s fuel market remains stable and adequately supplied despite growing concerns about developments in the global energy market. The reassurance follows increasing public commentary about the potential impact of global oil price fluctuations and rising geopolitical tensions in the Middle East on fuel supply and...
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COMAC ENGAGES WESTOL PETROLEUM LTD(NOVA)
As part of its ongoing membership engagement initiative, (COMAC) recently met with the leadership of Westol Petroleum Ltd (NOVA) to discuss key operational and regulatory challenges affecting Ghana’s downstream petroleum sector.The meeting, held at Westol head office, was led by Mr. Kwasi Zigah, Managing Director of Westol Petroleum Limited, supported by Mr. Seth Clottey, Finance...
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Government to Procure 1,500 Transformers to Improve Power Supply
The Government of Ghana has announced plans to procure 1,500 transformers to strengthen the country’s electricity distribution network and improve the reliability of power supply. The Minister for Energy and Green Transition, John Abdulai Jinapor, disclosed the initiative during a media briefing, explaining that ageing and overloaded transformers have become a major challenge within Ghana’s...