Association of Oil Marketing Companies promotes safety awareness with 6th annual safety week celebrations
The Association of Oil Marketing Companies (AOMC) has launched its highly anticipated 6th AOMC Safety Week Celebrations, aiming to educate and reinforce the importance of maintaining and enhancing safety precautions in operational stations within the downstream petroleum industry. The event seeks to serve as a reminder to industry players about their obligation to prioritize human […]
Increasing Ghana’s Oil and Gas reserves is my priority – GNPC CEO
Chief Executive Officer of the Ghana National Petroleum Corporation (GNPC) Opoku-Ahweneeh Danquah has said, he remains committed in building and sustaining a robust state petroleum entity and won’t be distracted by few dissenting elements within the system. His statement was in a response to a question that he was asked regarding a series of alleged […]
Energy Minister scheduled to speak on Ghana’s near-term opportunities at NAEPEC 2023
The Energy Minister, Dr Matthew Opoku Prempeh participating for the first time in the North Africa & Europe Energy & Hydrogen Exhibition & Conference (NAEPEC). The Conference is organised at the Fira Barcelona, Gran Via, Barcelona, Spain from the 13-17 March, 2023. Dr. Prempeh will be speaking on Monday, March 13, as a keynote speaker […]
We’ll keenly monitor every step in ‘Gold4Oil’ chain – Opoku Prempeh assures
Energy Minister, Dr Matthew Opoku Prempeh has assured that his ministry will keenly monitor every step in the Gold for Oil programme value chain from the ship that brings the oil, through delivery to the BDCs, to the OMCs and to the pumps. This, according to Dr Opoku Prempeh will ensure that the purposes for […]
Come clean on gold-for-oil ‘fiasco’ – COPEC to govt
The Executive Secretary of the Chamber of Petroleum Consumers Ghana (COPEC), Duncan Amoah, is charging government to spell out the nitty-gritty of the gold-for-oil policy to Ghanaians. He said the policy seems dead on arrival because the oil delivered seems not to have any impact on pump prices as they keep increasing. His call comes […]
Ghana paid cash for 40,000 tons of oil instead of gold – Egyapa Mercer confirms
The deputy Energy Minister, Andrew Egyapa Mercer, has confirmed that the initial consignment of 40,000 tons of oil brought into the country under the Gold-for-oil policy was purchased with cash instead of gold. His disclosure comes after several calls by Industry experts such as the Institute of Energy Securities and COPEC for the government to […]
Gold for oil policy will reduce pressure on forex – Bawumia
The Vice President, Dr. Mahamudu Bawumia is confident that the gold for oil policy will reduce the pressure on forex and also present the country with cheaper fuel. The government took delivery of 40,000 metric tons of the first consignment of the gold for oil deal on Monday. Many have, however, raised concerns about the […]
NPA directs OMCs to increase UPPF and BOST margin on fuel effective Dec. 1
The National Petroleum Authority (NPA) has directed Oil Marketing Companies and other industry players to increase the Unified Petroleum Price Fund (UPPF) and Bost margin on fuel effective December 1. A November 30 memo sent to the Oil Marketing Companies indicated that the firms were all to review the BOST Margin in their Price Build […]
Xpress Gas connects Afram Plains to Liquefied Petroleum Gas network
Xpress Gas, a leading Ghanaian LPG marketing company in Ghana has launched a Liquefied Petroleum Gas (LPG) delivery and point of sale (POS) innovation in the Kwahu Afram Plains Districts of Ghana. The LPG point of sale, which is the first of its kind, in the Afram Plains is aimed at directly connecting LPG users […]
AOMC Mark’s 5th Annual Safety Week with A Call For Members to Prioritize Safety
Over the years, the country has experienced a number of accidents that claimed lives and property with the majority of them happening in the capital, Accra. Notably among the accidents include; the June 3, 2015 floods and fuel station explosion in which, over 150 lives were snuffed out in the most horrifying circumstances. Another accident […]