Governments moved again this week to release and build oil reserves as the supply shock from the Iran war deepened and the Strait of Hormuz remained constrained. Japan began releasing about one month of state-held crude, adding to earlier draws from private stockpiles, while the United States is already in the middle of one of...
Day: March 27, 2026
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GNPC Recognized for Strong Financial Discipline in 2026 PFM Compliance Rankings
The Ministry of Finance, Ghana, has ranked the Ghana National Petroleum Corporation (GNPC) among the most compliant public institutions in its 2026 Public Financial Management (PFM) Compliance League Table, published on 19 March 2026. The assessment evaluates the extent to which public institutions adhere to established regulations governing the prudent use of public funds. In...
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ZEN Petroleum to list on GSE after securing fully subscribed IPO
ZEN Petroleum Holdings PLC has unveiled plans to raise GH¢640 million through an initial public offering, marking one of the largest listings by an indigenous downstream petroleum company on the Ghana Stock Exchange in recent years. The IPO, which opened on March 25, 2026, and is scheduled to close on March 31, offers 128 million...
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GOIL MD backs fuel price competition, says consumers benefit
The Group Chief Executive Officer and Managing Director of Ghana Oil Company Limited (GOIL), Edward Bawa, has described the ongoing fuel price competition with Star Oil as beneficial to both consumers and players within the petroleum industry.According to Mr. Bawa, the competitive pricing environment is driving efficiency among oil marketing companies while ensuring that consumers...