Tag: Petroleum Industry

“Ghana is not an attractive investment destination, and that is why we have not signed any new contracts.

"Ghana is a key market for us in the downstream sector, and we see significant potential to support upstream financing and refinancing initiatives.”

For nearly a week, Niger’s fuel stations have been grappling with severe shortages, leaving residents frustrated and struggling to secure enough premium fuel to meet their daily needs. Long lines ...

“The sudden downward review of prices has resulted in massive losses, with those affected counting their losses in billions of naira."

"We are eager to enhance our collaboration with ENI, exploring innovative avenues to deliver sustained value to Ghana’s petroleum industry.”

Looking beyond the immediate effects, the withdrawal of the Unitisation Directives introduces complex long-term challenges for both companies.

The Ministry of Energy and Green Transition has officially withdrawn the previously mandated unitisation directives between Springfield Exploration and Production Limited (Springfield) and Eni Ghana Exploration and Production Limited (ENI).   The ...

These price variations between different OMCs have raised questions about the underlying factors contributing to this disparity.

Government reassessment of TOR comes amid ongoing efforts to strengthen Ghana's energy security, improve domestic refining capacity.

The African Refiners and Distributors Association (ARDA) has long grappled with the challenges posed by dollarization in the petroleum industry. This practice, where prices are set in dollars despite local ...