The Chief Executive of the National Petroleum Authority (NPA), Godwin Kudzo Tameklo, joined industry leaders and experts at a high-level panel discussion on Regulatory Convergence in ‘African Oil and Gas Markets’ during the 20th edition of the OTL Africa Downstream Energy Week in Lagos, Nigeria. During the session, Mr Tameklo underscored the importance of regulatory...
Category: News
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President Boakai Calls for Greater Investment in Liberia’s Mining and Energy Sectors.
MONROVIA, LIBERIA October 28, 2026. Liberian President Joseph Nyuma Boakai has called for increased investment in the country’s mining and energy sectors, saying natural resources must generate lasting economic benefits for citizens. Speaking at the opening ceremony of the Liberia International Mining and Energy Conference and Expo, LIMEC 2026, in Harbel, Margibi County, President Boakai...
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Petrol prices tipped to fall from Nov. 1 as diesel floor rises
Petrol prices could fall at the pump from November 1, 2026, while diesel prices may rise marginally after the National Petroleum Authority (NPA) adjusts its price floors. Market data obtained indicates that the petrol price floor has been reduced from GH¢16.09 to GH¢15.39 per litre for the November 1–15 pricing window. The diesel floor, however,...
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Ignore ‘economic propaganda’; TOR refines Ghanaian medium sweet crude same as what is in Nigeria and Ivory Coast in the Equatorial basin – TOR MD Kombat
The Managing Director of the Tema Oil Refinery (TOR), Edmond Kombat has reiterated the refinery’s capability to refine Ghanaian crude contrary to some arguments that TOR lacks that capacity.Addressing a press briefing in Accra on Monday (October 26, 2026) and exhibiting different types of products (crude) that TOR currently refines, Kombat said “in the past,...
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OPEC: Taxes Account For 48% Of Petrol Pump Prices
Taxes made up 48 per cent of the average final retail price of petroleum products across member countries of the Organisation for Economic Co-operation and Development (OECD) in 2025, the Organisation of the Petroleum Exporting Countries (OPEC) has said. The OPEC Secretariat disclosed this in a graphic posted on its official X account, @OPECSecretariat, on...
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Gold Fields’ US$4.26bn local spend puts mining value retention in focusBy Kizito CUDJOE
Gold Fields Ghana Limited has spent US$4.26 billion on goods and services over five years, including US$2.59 billion in its host communities, putting the spotlight on how mining procurement can translate into lasting economic opportunities for local businesses. The company says 93 percent of its procurement was undertaken in-country over the same period, with almost...
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TOR Records GH¢1.24bn Profit as Management Targets Higher Refinery Output
Accra, Ghana — The Tema Oil Refinery (TOR) recorded a profit before tax of GH¢1.24 billion in 2025 as management intensifies efforts to restore operations, improve financial performance and expand the refinery’s processing capacity. Managing Director of TOR, Edmond Kombat Esq., disclosed this at the Government Accountability Series (GAS) held at the Jubilee House, where...
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LPRC Unveils Ambitious 50,000-Metric-Ton Storage Project, Eyes Regional Petroleum Hub.
MONROVIA, LIBERIA The Liberia Petroleum Refinery Company (LPRC) has announced plans to strengthen Liberia’s petroleum storage capacity and position the country as a regional hub for petroleum products. The announcement was made by the company’s Managing Director, Amos B. Tweh, who spoke during the dedication of the newly constructed petroleum testing laboratory and the groundbreaking...
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Liberia Petroleum Importers Association President Madam Esther Neufville Welcomes LPRC Storage Facility Project, Citing Energy Security Benefits.
MONROVIA, LIBERIA October 26, 2026. The President of the Petroleum Importers Association of Liberia, Madam Esther Neufville, has welcomed the groundbreaking of a new 50,000-metric-ton petroleum storage facility in Monrovia, describing the project as a major step towards strengthening Liberia’s energy security and promoting economic growth. Madam Neufville was sharing her thoughts during the dedication...
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Asia Is Building the World’s Next $15 Trillion Energy Market
The global energy transition is increasingly becoming an Asian story, and Asia is unlikely to follow the path envisioned in Washington or Brussels. The region’s governments will have enormous influence over the future of coal, oil, natural gas, renewables and energy storage. What happens next in Asia will determine whether the transition actually reduces global...