ACCRA, GHANA Indigenous oil marketing company, Star Oil, has solidified its position as the top petroleum distributor in Ghana, outperforming long-standing industry leader GOIL in total product sales for the first five months of 2025. This development was revealed in the National Petroleum Authority’s (NPA) Oil Marketing Companies (OMCs) Performance Statistics for January to May...
Author: Emmanuel Aboagye-Wiafe (Emmanuel Wiafe)
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Mitsui & Co. Eyes Strategic Investment in Ghana’s Emerging Petroleum Hub
Japanese multinational trading and investment giant, Mitsui & Co. Ltd., has signaled strong interest in participating in Ghana’s ambitious Petroleum Hub development. A senior Mitsui delegation led by Junji Fukuoka, Managing Officer and Chief Operating Officer of the company’s Basic Materials Business Unit held high-level discussions with Dr. Toni Aubynn, Acting Chief Executive Officer of...
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Ghana Boosts Domestic Gas Supply in Strategic Move with ENI*
Ghana’s Ministry of Energy and Green Transition has announced a significant enhancement to the country’s natural gas output, following a new agreement with Italian energy major ENI. The deal will see ENI increase gas production by 30 million standard cubic feet per day (MMscfd), raising total supply to 270 MMscfd starting Sunday, July 13, 2025....
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Ghana’s 24-Hour Economy Policy: Energy Demand, Supply, and Investment Requirements
Ghana’s 24-hour economy policy aims to transform the nation into a round-the-clock hub for industry, commerce, and services, boosting productivity and economic growth. However, this ambitious vision depends on reliable and sustainable electricity supply. The feasibility of the program depends on electricity demand and supply, as the policy is a manufacturing-led initiative involving agro-processing and industrial parks across...
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Eni Ghana and partners submit Plan of Development for Eban-Akoma Discoveries to Government
Eni Ghana and its Joint Venture (JV) partners have formally declared the commercial potential of the Eban-Akoma hydrocarbon discoveries located in the Cape Three Points Block 4 (CTP-B4) offshore Ghana. This move marks a pivotal advancement toward full-scale development of the oil and gas fields. The Declaration of Commerciality, officially submitted on July 3, 2025,...
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Dangote Refinery to Rely Fully on Nigerian Crude by End of 2025, Company Says
Lagos, Nigeria — The $20 billion Dangote Refinery, Africa’s largest oil refining complex, is set to run entirely on Nigerian crude oil by the close of 2025, marking a critical shift toward domestic energy self-reliance for Africa’s biggest oil producer. According to Devakumar Edwin, Executive Vice President of Dangote Industries, the 650,000-barrel-per-day refinery owned by...
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Ghana’s Energy Minister Announces Temporary Nationwide Power Disruption on July 13 Due to ENI Gas System Upgrade
Ghana’s Minister for Energy and Green Transition, John Abdullai Jinapor, has announced a scheduled power interruption across the country on Sunday, July 13, as Italian energy giant ENI undertakes critical maintenance on its gas infrastructure. The temporary shutdown, which will involve ENI turning off its gas valves, is part of ongoing efforts to boost the...
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PHDC and UKGCC Strengthen Strategic Collaboration to Advance Ghana’s Petroleum Hub Vision
The Petroleum Hub Development Corporation (PHDC) and the UK-Ghana Chamber of Commerce (UKGCC) have reaffirmed their commitment to a strategic partnership aimed at driving the successful realization of Ghana’s Petroleum Hub—an ambitious project set to transform the country into a regional energy and petrochemical powerhouse. The renewed pledge was made during a courtesy visit by...
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Springfield Refutes Petraco Allegations, Labels Claims “False and Misleading”
Springfield Exploration and Production Limited (SEP) has firmly denied allegations made by Petraco Oil Company SA, describing them as “false, unfounded, and without merit.” The accusations surfaced after Petraco filed a petition with the Economic and Organised Crime Office (EOCO), prompting widespread media attention. However, Springfield insists the matter is purely a commercial dispute currently...
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COPEC and GPRTU Demand Clarity on GH¢1 Fuel Levy, Urge Time-Bound Implementation
The Chamber of Petroleum Consumers (COPEC) and the Ghana Private Road Transport Union (GPRTU) are calling on the government to provide clear timelines and transparent accountability measures for the newly announced GH¢1 levy on petroleum products. Set to take effect on July 16, 2025, the levy excluding Liquefied Petroleum Gas (LPG)is aimed at helping to...