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India overtakes US as Nigeria’s biggest oil importer

India has taken over from the US as the largest importer of Nigerian oil, the West African state’s national oil company has said. The US has “drastically reduced” its demand for Nigeria’s crude oil in recent months, the Nigerian National Oil Corporation said. The country is currently buying about 250,000 barrels a day. India now buys considerably more – about ...

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Cease giving conflicting dates on T3 – Gov’t warns VRA, TICo

Government has warned it will no longer accept any excuse from both the Volta River Authority (VRA) and the Takoradi International Company (TICo) over the conflicting dates of completion of the T2 thermal Plant at Aboadze. The Energy and Petroleum Minister, Emmanuel Armah Kofi Buah made this known on his tour of the thermal plant. The T2 thermal plant developed ...

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BDCs: Fuel shortage to hit Ghana soon

The Chamber of Bulk Oil distribution Companies is warning of an imminent shortage of petroleum products in Ghana. According to the chamber, they will soon not be able to supply petroleum products because government has not paid an amount of over GHC 1.5billion due the bulk oil distribution companies (BDCs) from subsidies. They say, their banks have denied them lines ...

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NPA maintains prices of petroleum products

Users of Petroleum products have again been spared of an increase in the prices of fuel. The National Petroleum Authority in its latest review of the prices of the petroleum products maintained the last rates. The review takes effect from today. Petrol is still going for 2 cedi 73pesewas per litre, diesel 2 cedis 68 pesewas, kerosene 2 cedis 61 ...

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Crew aboard hijacked oil vessel sacked

Three crew members who were working on the Marine 711 vessel which was attacked by pirates on June 4, 2014 off the coast of Ghana have been sacked by their employers, World Marine Company. According to a handwritten letter handed to the sailors, they were accused of failing to discharge their duties, hence the decision to sack them. Some of ...

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Hijacked oil vessel found

The oil vessel which was reported missing off the coast of Ghana has been found. The Hijacked oil vessel found was reported missing last Saturday after the captain sent a distress call saying, the vessel was hijacked by pirates. The Public Relations Officer (PRO) of the First Garrison of the Eastern Naval Command, Lieutenant Maxwell Asola-Fadola in an interview with Citi News ...

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EPA defends permit granted Tullow Oil to flare gas

The Environmental Protection Agency (EPA) has defended the permit granted Tullow Oil to flare gas on the jubilee field. The move to flare gas has been under discussion for some time now because government has been reluctant to breach its ‘no flaring’ policy as it considered other options. Any move to approve flaring had also received heavy backlash from some ...

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Cultivation of sunflowers will solve Ghana’s energy crisis – Analyst

Some stakeholders are making a strong case for Ghana to go into the mass production of sunflower to produce biofuel to solve the country’s current energy crises. Agronomist and Biofuel Consultant, Issah Sulemana indicates this may come handy. Government has already indicated it is seeking for alternative sources of renewable energy. Issah Sulemana speaking to Citi Business news said 40,000 ...

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Oil tanker missing off Ghana coast amid report of piracy

A Liberia-flagged oil tanker has gone missing off the coast of Ghana and a senior port official told Reuters on Saturday the captain sent a distress call to say the vessel was attacked by pirates. The Liberia-flagged MT Fair Artemis last made contact with its manager, Fairdeal Group S.A., at 6 p.m. (1800 GMT) on Wednesday when it was operating ...

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Ghana likely to be slapped with another massive judgement debt

Ghana is likely to be slapped with another huge judgement debt as Teshie Family Hospital and Oil Company A.I battle over whether the latter has a right to build and operate a filling station next to the hospital. The judgment debt may be slapped if a brewing tussle between the Teshie Family Hospital and oil service company AI does not ...

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