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Oil And Gas

No wrongdoing in sale of contaminated fuel- Gov’t

Boakye Agyarko

The Minister for Energy, Boakye Agyarko, has refuted claims by the minority group in parliament that the BNI and National Security are covering up rot at the Bulk Oil Storage and Transportation Company Limited (BOST). The Minority Leader, Haruna Iddrisu, at a press conference accused the BNI of covering up malfeasance in the sale of contaminated fuel to Movinpiina and ...

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Lands Ministry sets July 19 to start integrated mining project

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The Ministry of Lands and Natural Resources has indicated that it will by the 19th of July, 2017, implement the Multilateral Mining Integrated Project (MMIP) aimed at sanitizing the country’s mining sector. According to a resource governance index report by the Natural Resource Governance Institute (NRGI), Ghana ranked 24th out of 81 countries involved in mining in 2016. This also ...

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New diesel sulphur content rules to take off tomorrow

dirty diesel in Ghana

Effective Saturday, July 1 2017, all imported diesel into Ghana should have a minimum sulphur content of not more than 50 million parts per million, barring any last minute changes. This follows the implementation of the new regulation by the National Petroleum Authority (NPA). A study by the African Centre for Energy Policy (ACEP) and the Swiss NGO, Public Eye ...

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FPSO shutdown not to exceed 12 weeks – Tullow

TullowOilLogo_large

Tullow Oil has announced that its planned shutdown of the FPSO Kwame Nkrumah later this year, will not exceed the proposed twelve weeks. Tullow is expected to shut down its Jubilee fields operations later this year for the stabilisation, rotation and offloading system installation. It also comes on the back of the faulty turret bearing which has affected the production ...

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Gov’t sets up c’ttee to probe BOST contaminated fuel sale

Boakye Agyarko - Energy Minister

The Energy Ministry has set up an eight-member investigative committee to look into the Bulk Oil Storage and Transportation (BOST) company’s controversial sale of 5 million litres of contaminated fuel. The committee has been mandated to determine the circumstances that led to the contamination of the fuel and review the transaction, among others. The committee will also review the procedures undertaken ...

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Solving power challenges: Yantei Jereh begins works on gas pipeline

Visiting Jereh LNG CNG Fueling Station Workshop (1)

Government has announced the construction of an onshore natural gas transmission pipeline from Takoradi in the Western region to Tema in the Greater Accra region to transmit natural gas to power generation plants. It follows the signing of a Project Implementation Agreement (PIA) for the Aboadze-Tema Natural Gas Transportation Pipeline and gas infrastructure Project. The agreement was signed between the ...

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BOST contaminated fuel saga: The NPA’s key findings

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The National Petroleum Authority (NPA) confirmed that the two companies alleged to have purchased the over 5 million litres of contaminated fuel under suspicious circumstances from the Bulk Oil Storage and Transportation (BOST) Company were not licensed. According to the NPA, it will take legal action against the firms, whiles it conducts further investigation to determine the actual quantity and quality ...

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Interdict BOST Director over sale of contaminated fuel – Minority

Emmanuel Armah Kofi Buah

The Minority in Parliament has called for the immediate interdiction of the Managing Director of the Bulk Oil Storage and Transportation (BOST)Company, Alfred Obeng Boateng, over the sale of 5 million litres of contaminated fuel. This call comes barely 24-hours after ACEP also called on the CEO of BOST to step aside for investigations into the matter, following Citi Business News’ ...

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BOST defends sale of ‘contaminated’ fuel to oil company

BOST-new

The Bulk Oil Storage and Transportation Company (BOST) has defended its decision to sell off contaminated or off-spec product to oil company, Movenpiina. Documents sighted by Citi Business News indicate that BOST has agreed to sell 5 million litres of the product to the company at a cost of 1 cedi per litre. This is viewed by some industry watchers ...

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Ghana to lose GH¢7 million over sale of contaminated fuel

Fuel-Tankers

Ghana is likely to lose about 7 million cedis in revenue following attempts by the Bulk Oil Storage and Transportation Company Limited (BOST) to sell contaminated fuel to some oil marketing companies. Documents sighted by Citi Business News indicate that BOST has agreed to sell about 5 million litres of contaminated fuel to Movenpinna Energy. The documents indicated that as ...

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