Dr. Patrick Kwaku Ofori, the Chief Executive Officer of the Ghana Chamber of Bulk Oil Distributors (CBOD), has called on the government to initiate a bold privatization strategy for the Tema Oil Refinery (TOR) to rescue the state asset from its current state of redundancy. This appeal marks a significant shift in the discourse surrounding...
Category: Oil and Gas
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No Privatization Plans for TOR as Management Prioritises Revival – Kombat
The Managing Director of the Tema Oil Refinery (TOR), Edmond Kombat, has dismissed claims that the refinery is being prepared for privatization, stressing that government’s immediate focus is on restoring the facility to full operational capacity. His remarks come amid ongoing discussions about the future of the refinery under the administration of John Mahama, which...
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Kombat Leads Gradual Turnaround at Tema Oil Refinery Amid Signs of Recovery
After years of uncertainty and decline, the Tema Oil Refinery is beginning to show early signs of recovery, with Managing Director Edmond Kombat emerging as a central figure in efforts to restore the struggling state asset. Once regarded as a financial burden and a candidate for privatisation, the refinery is now undergoing a cautious but...
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Bulk Oil Distributors Chamber Urges Caution Over OSP Probe in Petroleum Sector
The Chamber of Bulk Oil Distributors (CBOD) has called for restraint in public commentary following recent developments involving the Office of the Special Prosecutor (OSP) within Ghana’s petroleum sector. In a statement issued in Accra on April 8, 2026, the Chamber acknowledged the ongoing investigations and sought to clarify that issues relating to petroleum taxes—currently...
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COMAC CEO Calls for Proactive Risk Management at Safety Week 2026
The Chief Executive Officer of the Chamber of Oil Marketing Companies (COMAC), Dr. Riverson Oppong, has underscored the need for proactive risk management in Ghana’s downstream petroleum sector, as the 2026 COMAC Safety Week officially commenced on April 7. Addressing participants at the opening ceremony, Dr. Oppong described the annual event as a critical platform...
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Nigeria Achieves 1.84m Bpd Crude Oil Production in March
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced a significant surge in the country’s crude oil output, with production reaching 1.84 million barrels per day (bpd) in March 2026. This performance marks a robust recovery from the 1.48 million bpd recorded in February 2026, signaling a potential end to the operational volatility that has...
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COMAC threatens to halt Atuabo LPG deliveries over price gap
The Chamber of LPG Marketing Companies (COMAC) has warned the National Petroleum Authority (NPA) and government officials that Liquified Petroleum Gas (LPG) deliveries from Atuabo may be suspended unless urgent action is taken to close a nearly GH¢1.00/kg price gap with Tema-based suppliers. In a letter directed to the NPA, the Chief Executive Officer (CEO)...
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Saudi Arabia Trades Oil Barrels for Batteries
As Saudi Arabia redirects more and more crude from the east to the west, where it can export it safely, oil seems to be all that everyone is watching. But not Saudi Arabia itself. In fact, the world’s second-largest oil producer and top exporter has big plans in another area: battery storage.Battery storage has been...
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Crude Oil Prices Drop, not Weakness but A Signal – Expert Urges
Emmanuel De-Graft Johnson, a leading policy analyst, has characterized the recent downturn in global crude oil prices not as a sign of diminishing market strength, but as a sophisticated signal of shifting geopolitical sentiment. While traditional market observers might interpret a price dip as a cooling of global demand, De-Graft Johnson argues that the current...
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Governments Tap Oil Reserves as Iran War Strains Supply
Governments moved again this week to release and build oil reserves as the supply shock from the Iran war deepened and the Strait of Hormuz remained constrained. Japan began releasing about one month of state-held crude, adding to earlier draws from private stockpiles, while the United States is already in the middle of one of...