Executive Secretary of the Chamber of Petroleum Consumers (COPEC), Duncan Amoah, says the state must rethink its sudden crackdown on black market forex dealers because the action is already distorting rates and hindering efforts to stabilise fuel prices. He said the task force swoops are creating unintended shocks. Speaking on PM Express Business Edition, he...
Author: Justice Amissah (Justice Amissah)
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Industry Titans Gather as NPA Hosts 2025 Downstream CEOs Breakfast Forum.
The National Petroleum Authority (NPA), in collaboration with the chamber of oil marketing companies (COMAC), the Chamber of Bulk Oil Distributors (CBOD), and other leading industry stakeholders, convened the 2025 Downstream CEOs Breakfast Meeting today. The event brought together chief executives and top decision-makers to deliberate on the evolving landscape of Ghana’s downstream petroleum sector....
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Crude Oil and Refined Products Market Review and Outlook -CBOD
Crude oil prices on the global market declined by approximately 2.40% during the 12th to 26th November pricing window. This drop occurred despite stronger demand in China and improved market sentiment following the U.S.–China tariff agreement, as concerns about oversupply from both OPEC and non-OPEC producers continued to weigh on the market. According to the...
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FG reduces oil block entry costs to $3m
As the 2025 licensing round gets underway, the Federal Government has reduced the signature bonus from $10m to $3m and $7m. The Nigerian Upstream Petroleum Regulatory Commission disclosed this in an update on its website. According to the commission, this was part of the government’s efforts to reduce entry barriers. “Interested in one of the...
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ABAG Rejects New PURC Tariff Hikes, Calls for Immediate Reversal and Reforms at ECG, GWCL
The Food and Beverages Association of Ghana (FABAG) has issued a strong condemnation of the latest utility tariff adjustments announced by the Public Utilities Regulatory Commission (PURC), describing the increases as unjustified, insensitive and unacceptable. In a statement released on Sunday, December 7, the association rejected the 9.8% increase in electricity tariffs and 15.9% upward...
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African Petroleum Regulators Forum adopts Nigeria as headquarters, elects Komolafe Chairman
The African Petroleum Regulators Forum (AFRIPERF) has unanimously adopted Nigeria as its official headquarters and also elected the Commission Chief Executive, Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engineer Gbenga Komolafe, as chairman of the Forum. Prior to the endorsement, Engineer Komolafe was interim chairman of AFRIPERF. The decision was announced at the inaugural executive committee...
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Energy Sector Budget Review By CEMSE
The 2026 budget was presented with high expectations of improved efficiency in the energy sector, reduction of debtg in the sector, and improved capital expenditure to increase access to electricity to over 99%. In addition, there were high expectations of new petroleum agreements and Power Purchase Agreements to increase future crude oil outputs and available...
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APPO Ministers Reaffirm Commitment to Africa Energy Bank at 48th Ordinary Session in Brazzaville Republic of Congo.
November 5, 2025 The African Petroleum Producers’ Organization (APPO) has renewed its commitment to the establishment of the Africa Energy Bank (AEB) following the conclusion of its 48th Ordinary Session of the Ministerial Council, held on November 4, 2025, in Brazzaville under the High Patronage of His Excellency Denis Sassou Nguesso, President of the Republic...
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State plants running below capacity; IPPs offer better efficiency – Apetorgbor
The Chief Executive Officer of the Independent Power Producers (IPPs), Dr. Elikplim Apetorgbor, has refuted claims that government-owned power facilities are less expensive to manage compared to private ones, asserting that Independent Power Producers offer greater operational efficiency and sustained value to Ghana’s power industry.Speaking during a panel discussion themed “Financing the Future: Tackling Legacy...
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Reactor vessel delivered for El Dabaa unit I
The first reactor vessel has been delivered to the El Dabaa construction site of Egypt’s first nuclear power plant.The 330-tonne reactor vessel was manufactured at Rosatom’s Izhora plant, in a process which took 41 months. The reactor vessel is about 13 metres long and 4.5 metres in diameter. The service life is for an initial...