The Chief Executive Officer of Star Oil Ghana, Philip Tieku, has emphasized that the companyโs emergence as Ghanaโs leading oil marketing firm is the result of a broad strategic approach rather than merely competitive pricing.According to Mr. Tieku, Star Oilโs impressive growth stems from a deliberate combination of efficiency, innovation, and disciplined management. He highlighted...
Category: News
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How Ghana Has Spent Its Oil Wealth Since 2011 โ Fourteen Years On
How Ghana Has Spent Its Oil Wealth Since 2011 โ Fourteen Years OnFourteen years after the first barrels of oil flowed from the Jubilee Field, Ghanaโs petroleum story remains one of promise and underwhelming returns. Despite earning an estimated $11.58 billion from crude production since 2011, the sweeping transformation many anticipated has yet to materialize.The...
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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 Producersโ 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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WAPP 330kV North Core Interconnection Project hits 70% completion
ort Harcourt โ The 330kV North Core Interconnection Project, a flagship regional electricity initiative connecting Nigeria, Niger, Benin/Togo, and Burkina Faso under the West African Power Pool, WAPP, has reached 70 percent completion, with stakeholders expressing renewed determination to fast-track its delivery despite security and logistical challenges. This was disclosed at the 6th Joint Technical...
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Nigerian Senate uncovers unaccounted $303bn in crude oil proceeds, move to expose thieves
In Nigeria the Senate on Wednesday through its ad-hoc committee on crude oil theft in the Niger Delta, uncovered about $303billion unaccounted crude oil sales. The alleged unaccounted $303billion oil sales, was contained in the committeeโs interim report presented to the Senate during plenary by Senator Ned Nwoko (Delta North). According to the report, a...
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Stop Exporting Crude: OPECโs Wake-Up Call to Nigeria
Port Harcourt, Nigeria โ November 6, 2025. Professor Wumi Iledare, Professor Emeritus of Petroleum Economics and Principal Facilitator at the FUPRE Energy Business School, has described the recent appeal by the Chairman of OPECโs Board of Governors, Adeyemi-Bero, for Nigeria to โstop exporting crudeโ as a timely wake-up call for policy re-direction and economic realism....
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A Culture of Impunity: Why ECGโs Reform Must Begin with Dismissals and Transfers at the Top
The recent scrutiny faced by the Electricity Company of Ghana (ECG) before the nationโs Public Accounts Committee has cast a harsh light on a persistent and deeply troubling issue of systematic overspending of public funds and frivolous procurements. While the staggering financial figures rightly provoke public anger, a more insidious narrative that lies beneath the...
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VRA targets 1,800 megawatts power to sustain power export gains in five years.
The Volta River Authority (VRA) says it is working to add up to 1,800 megawatts of power to Ghanaโs generation capacity over the next five years, as part of efforts to maintain its strong position in the regional power export market. Speaking to Joy Business at the Authorityโs Annual Stakeholder Meeting, Board Chairman Jabesh Amissah-Arthur...
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๐ง๐ฒ๐ฐ๐ต๐ป๐ผ๐น๐ผ๐ด๐ ๐ถ๐ ๐ฟ๐ฒ๐๐ต๐ฎ๐ฝ๐ถ๐ป๐ด ๐๐ต๐ฒ ๐ด๐น๐ผ๐ฏ๐ฎ๐น ๐ฒ๐ป๐ฒ๐ฟ๐ด๐ ๐น๐ฎ๐ป๐ฑ๐๐ฐ๐ฎ๐ฝ๐ฒ, ๐ฎ๐ป๐ฑ ๐๐ณ๐ฟ๐ถ๐ฐ๐ฎ ๐บ๐๐๐ ๐ป๐ผ๐ ๐ฏ๐ฒ ๐น๐ฒ๐ณ๐ ๐ฏ๐ฒ๐ต๐ถ๐ป๐ฑ.
At the OTL Downstream Development in Africa Ltd. 2025 Energy Week in Lagos Nigeria, the CEO of the Chamber of Bulk Oil Distributors Dr. Patrick Ofori advocated technology, digitization, and AI as key to making energy more accessible, efficient, and sustainable across the continent. He called on African governments to invest in modern energy technologies...
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Ghanaโs Oil Production Declines 32% as Government Moves to Restore Investor Confidence
By Isaac Hughes | Western Region Ghanaโs oil sector has recorded a sharp decline in output, with production falling by 32 percent โ from 71.4 million barrels in 2019 to 48.2 million barrels in 2024. The downturn, experts warn, poses serious challenges to government revenue and foreign exchange earnings, both of which rely heavily on...