Nigeria’s downstream petroleum sector is bracing for renewed foreign exchange (FX) pressure after Dangote Petroleum Refinery scrapped its naira-denominated pricing model for petrol, diesel and aviation fuel, replacing it with a dollar-based framework that ties domestic fuel prices directly to exchange rate movements. The change, announced in a notice to marketers and customers dated July...
Category: News
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NPA Hosts Kenyan Energy Regulatory Delegation for Downstream Petroleum Study Tour
The National Petroleum Authority (NPA) has hosted a high-level delegation from Kenya’s Energy and Petroleum Regulatory Authority (EPRA) on a study tour of Ghana’s downstream petroleum regulatory framework. The visit forms part of efforts by the Kenyan delegation to gain insights into the NPA’s regulatory regime and best practices in the downstream petroleum industry. The...
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NPA Tightens Safety Rules as Flooding Raises Fuel Contamination Concerns
The National Petroleum Authority (NPA) has introduced mandatory safety measures for fuel stations affected by flooding, directing operators to suspend operations immediately where floodwaters have inundated service stations until comprehensive safety inspections have been completed.The directive comes as concerns grow over the risk of water contaminating underground fuel storage tanks following recent heavy rains, prompting...
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PIAC Pushes for Action as Unimplemented Oil Revenue Advice Mounts
Years after the Public Interest and Accountability Committee (PIAC) began issuing recommendations on how Ghana should better manage petroleum revenues, the country’s independent oil revenue watchdog says too many of those proposals continue to go unimplemented, raising fresh concerns about accountability and value for money in the sector. The Committee is now calling for stronger...
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Total Energies Marketing Ghana PLC holds landmark 50th AGM, reaffirms commitment to shareholders value
PIAC Pushes for Action as Unimplemented Oil Revenue Advice Mounts Years after the Public Interest and Accountability Committee (PIAC) began issuing recommendations on how Ghana should better manage petroleum revenues, the country’s independent oil revenue watchdog says too many of those proposals continue to go unimplemented, raising fresh concerns about accountability and value for money...
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Mahama to Commission Discharge of 1 Million Barrels of Jubilee Crude to TOR
President John Dramani Mahama is expected to officially commission the discharge of one million barrels of crude oil from Ghana’s Jubilee Field into the storage tanks of the Tema Oil Refinery (TOR) in the coming weeks, as government moves to strengthen domestic refining capacity. The development was disclosed to Energy CrossRoad.com by the Managing Director...
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Karpowership expands fleet with a new Sea Lion class powership
Karpowership has marked a major milestone in the expansion of its global fleet with the steel-cutting ceremony of its new “Sea Lion” class Powerships.Held at the HSG Sungdong shipyard in South Korea, the ceremony officially marked the start of construction on the first vessel in a series of four next-generation Powerships.The ceremony was attended by...
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Government Reaffirms Commitment to TOR Modernisation as Refinery Eyes Energy Security Role
The government has reaffirmed its commitment to the modernisation and recapitalisation of the Tema Oil Refinery (TOR), positioning the state-owned refinery as a critical pillar in Ghana’s long-term energy security strategy. The assurance was given by the Minister for Energy and Green Transition, Dr. John Abdulai Jinapor, during TOR’s 18th Annual General Meeting (AGM) in...
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COMAC Projects Further Drop in Fuel Prices as Global Oil Market Slump Pushes Down Costs
The Chamber of Oil Marketing Companies (COMAC) is projecting a further reduction in the prices of petrol, diesel and Liquefied Petroleum Gas (LPG) at the pumps for the first pricing window of July 2026. According to COMAC’s latest pricing outlook, petrol prices are expected to decline by between 1.94 per cent and 9.31 per cent,...
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TOR Records First Profit in a Decade as Refinery Posts GHS1.4 Billion Profit Before Tax in 2025
The Managing Director of the Tema Oil Refinery (TOR), Edmond Kombat, has announced a major financial turnaround for the state-owned refinery, with the company recording its first profit in a decade, at its 18th Annual General Meeting (AGM) held in Accra. Mr. Kombat said TOR posted a profit before tax of GHS1.415 billion for the...