Feb 2, 2010
Categories: News
The Bulk Oil Storage and Transportation Company (BOST) has received a 50% rise in its margins with petroleum marketers also receiving a 15%. This was contained in the latest petroleum price review by National Petroleum Authority (NPA) which took effect from February 1, 2010. In spite of the increases to the margins, the ex-refinery price of petroleum experienced a reduction of more than 2%.
Following this development, BOST now receives a margin of GHp 2.2500 per litre as against GHp 1.500 per ... Read More
Jan 22, 2010
Categories: News
In spite of fire outbreak……..
TOR assures of constant fuel supply
The Management of the Tema Oil Refinery (TOR) has assured the public of constant fuel supply in spite of the fire outbreak at the loading gantry of the refinery on Tuesday. TOR has accordingly constituted a committee comprising representatives of key stakeholders in the petroleum industry to advice on alternatives measures to ensure that fuel supply is maintained throughout all the fuel depots nationwide. These came to light during a fact finding ... Read More
Nov 19, 2009
Categories: News
The National Petroleum Authority (NPA) is leading a group of stakeholders in the oil industry to develop a national price-risk management (hedging policy for the country). The policy which is in its advanced stage of preparation should be ready for implementation by the end of December 2009. The Acting Chief Executive of the NPA, Alex Mould disclosed this shortly after the Platts conference on managing risks in the oil and energy sectors which was held in London in mid November 2009. Platts ... Read More
Nov 12, 2009
Categories: News
Platts, the world leading provider of information on oil and minerals is holding a conference in the UK on ‘Managing Oil and Energy Risk’. The conference which is curently underway is bringing together ‘key decision makers from across the European oil and gas majors, financiers, commodity traders, rating agencies, stock exchanges, governments and regulatory bodies, to examine the issues and challenges at the heart of current European oil debate’, Platts sources say. The National Petroleum Authority (NPA) is participating in the conference. ... Read More
Nov 11, 2009
Categories: News
The Tema Oil Refinery (TOR) has for the first time in several months begun supplying products from its refinery to the market. This follows the delivery of 950,000 barrels of crude into the refinery by Sahara. With the supply of crude, TOR’s Crude Distilling Unit (CDU) kicked into action followed by the RFCC refinery plant. Presently, TOR is supplying 2million liters of Gas oil and 1.5million of Gasoline to the market and this would be consistent for next couple of days whilst ... Read More
