The Board Chairman of the Chamber of Oil Marketing Companies (COMAC), Gabby Kumi, has called for calm amid rising tensions involving two major players in Ghana’s downstream petroleum sector, Star Oil and GOIL.Speaking to Energy Crossroad, Mr Kumi noted that the two companies together control nearly 30 per cent of Ghana’s downstream petroleum market, warning...
Author: Energy Crossroad (Energy Crossroad)
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Fuel Price Cuts Long Anticipated Under Deregulated Market – COMAC
The Chamber of Oil Marketing Companies (COMAC) has described the recent fuel price reductions across the country as expected, insisting that the developments are consistent with projections under Ghana’s deregulated petroleum pricing regime.Speaking on Joy News’ PM Express on Tuesday, COMAC’s Chief Executive Officer, Dr Riverson Oppong, said the price cuts currently being enjoyed by...
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NPA Executive Committee Retreat Begins, Focuses on Improving Performance in 2026
The Executive Committee (EXCO) of the National Petroleum Authority (NPA) has commenced a strategic retreat aimed at reviewing the Authority’s performance in 2025 and outlining key activities and priorities for 2026.The meeting brings together heads of the various directorates to assess achievements over the past year and align on strategies to enhance operational efficiency and...
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Energy Analyst back calls for removal of floor pricing in Ghana’s downstream petroleum industry
Energy Analyst and Executive Director of the Centre for Environmental Management and Sustainable Energy (CEMSE), Benjamin Nsiah has backed calls by some oil marketing companies for the removal of the floor price policy. The policy was introduced by the National Petroleum Authority to set price ceiling for downstream oil marketing companies as a protective measure....
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Rosatom Unveils High-Efficiency Russian-Made Inverter Prototype for Solar Power Plants
Rosatom has unveiled a new Russian-made inverter prototype for solar power plants, marking a significant step in the country’s clean energy and technology development efforts.The inverter was developed by Parus Electro LLC, a subsidiary within Rosatom’s Automatic Process Control Systems and Electrical Engineering Division. It is designed to convert direct current generated by solar panels...
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DR. WISDOM ENANG CAUTIONS THAT VENEZUELA’S CRISIS COULD SIGNIFICANTLY UNDERMINE NIGERIA’S ₦58 TRILLION 2026 BUDGET
An Adjunct Professor of the North Dakota University, USA, and a globally respected oil and gas consultant, Engr. (Dr.) Wisdom Patrick Enang, has warned that unfolding geopolitical developments in Venezuela could materially undermine Nigeria’s ₦58.18 trillion 2026 Federal Government budget by exerting sustained downward pressure on global crude oil prices. Dr. Enang made this known...
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Nigeria’s oil output drops 8.3% to 1.544m bpd
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the oil and gas industry regulator, says Nigeria’s oil output, including condensate, dropped significantly by 8.3 percent year-on-year (YoY) to 1.544 million bpd in December 2025 from 1.684 million recorded in the corresponding period of 2024. The Commission did not provide reasons in its report released yesterday, but...
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Energy Minister Engages TOR Management on 2025 Performance, 2026 Priorities
The Minister for Energy and Green Transition, John Jinapor, has held a strategic engagement with the management of the Tema Oil Refinery (TOR) to review the refinery’s performance in 2025 and outline key priorities for 2026 and beyond. The meeting served as a platform to assess progress made over the past year and to align...
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IES defends NPA fuel price floor amid calls for cheaper petrol
The Institute for Energy Security (IES) has rejected claims that the National Petroleum Authority’s (NPA) fuel price floor is preventing oil marketing companies from reducing pump prices, insisting the policy remains critical to fair competition and market stability. The response follows public comments by StarOil Ghana, which suggested petrol could be sold at GH¢9.50 per...
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COMAC to Hold Emergency Meeting on Fuel Price Floor as Internal Divisions Deepen
The Chamber of Oil Marketing Companies (COMAC) will convene an emergency meeting on Wednesday, January 21, 2026, to adopt a unified position on the Petroleum Price Floor Programme, amid growinginternal disagreements over the policy. The meeting follows concerns from sections of the Chamber, with some members backing the price floor while others are pushing for...